Urgent update 03.03.2023 - Palantir
Due to the price action of the last few hours we decided to post a urgent update on palantir technologies (NYSE:PLTR)
We went Long yesterday @ $7.85 and built up another position!
Long #3 (Announced 03.03.2023)
AVERAGE EXECUTION PRICE: 7.85$
STOP-LOSS: NONE
LONGTERM TARGET: +80$
Since our last update on 14.2.2023 we rallied massively above 10 dollars after touching the green trading zone only to be pushed back to the price levels of $7-$8.
After completing a (b) wave which perfectly retraced up to our red trading zone at $10.30, the price has declined up to -26% so far. In both cases the trading zones were exact turning points for the price. We estimate that we are currently in a 1-2 setup which should complete itself in the next days and weeks, it is possible that we extend deeper into our green trading zone.
At the time of writing this article, we touched the green 0.5 rectracement at $7.57 and haved rallied about 10%. It is the third time that a trading box is perfectly reached and the price immediately turns in the opposite direction.
After completion of the orange wave (ii) we should see massive upside movement towards the 1. 618 retracement at $12.81. The price can extend deeper into the orange zone for its macro 1, which is marked on the chart. The price target for the Macro 1 is an estimate at the moment but can be calculated after orange wave (iii).
We will calculate additional trading zones for our subscribers as soon as possible!
A more detailed analysis can be found on our new youtube channel.
https://www.youtube.com/@Mendenmein-Capital
Long #1 (Announced 21.03.2022)
AVERAGE EXECUTION PRICE: 12.53$
STOP-LOSS: NONE
LONGTERM TARGET: +80$
Long #2 (Announced 09.05.2022)
AVERAGE EXECUTION PRICE: 7.59$
STOP-LOSS: NONE
LONGTERM TARGET: +80$