$Palantir Technologies Inc.(PLTR)$

$Palantir Technologies Inc.(PLTR)$ wild ride hit a speed bump—down 10%. Hype’s cooling from its $120 peak as investors eye Pentagon cuts & insane 600x earnings valuation. Still, AI buzz & gov contracts keep bulls hopeful. A breather, or a bubble popping? 😮😮

If in doubt, zoom out to the higher timeframe, look where we been a year ago and today. This stock is up like crazy 6-7x, do not complain for its correction is very natural and healthy. The market punish late entry which fomo in at the top, we are reaching all time high after all time high rn. I could say that a 50% correction is not a problem too, but it will not.

📊 Here’s my view :

Technically, $Palantir Technologies Inc.(PLTR)$ is in the bullish trend with a structure that anyone could obviously see, a higher and higher low. A gap occurs in the range of $98-$85 that I expect would be the target of this correction and with that said, a 25% further downside movement is possibly gonna happen soon. Buying after the gap is covered is a good chance, so imma wait and see till then.

Major support : 63 -65

(refer to the chart below)

Stock lookin solid, not to spread fear, but a correction is due to right now. Cheers for those making multiple x from $Palantir Technologies Inc.(PLTR)$ 🥂🥂

⛔ This is not an financial advice, do trade with your own risk. ⛔