mukit1

PLTR: Long entry with low risk

NYSE:PLTR   Palantir Technologies Inc.
Looking like a contracting leading diagonal wave 1 followed by a deep wave 2. We have a bullish divergence on RSI on daily time frame. The Friday's low will most likely be tested next week. I will be looking for a long entry in the box area if price comes down there. Stop loss will be pretty tight, below the May low. Take profit areas will be determined after the uptrend takes hold. First area will be at the previous top 11.55 area. General market is very bearish, so we will see if this works out. Still a fan of this stock. Not financial advice.

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