Palantir (PLTR) - Time to Buy The Dip After One More Leg Down

Jan 8

Palantir is approaching a key support zone that aligns with Fibonacci levels, indicating a potential rally opportunity. Here are the details:

💡 Setup Details:

Entry Zone: $60.04 - $67.68 (Green Box)
Stop-Loss: Below $58.44 (Invalidation Level)

🎯 Targets:
Target 1: $90.72
Target 2: $106.84

🔍 Analysis:
- After completing a wave correction, PLTR is consolidating near critical support levels. This could act as a springboard for the next impulsive move upward.
- The volume profile suggests strong interest around this range, adding confidence to the potential setup.

⚡ Strategy:
- Watch for confirmation within the support zone before entering.
- For medium- to long-term investors, this could present an attractive risk-to-reward opportunity.