When to buy Palantir
$PLTR dropped from 189 to 142 since August 13th. The big question is where do you buy during this pull back?
There 2 scenarios that present the best opportunities to go long.
1. Wait for the market to pull back. The Nasdaq is up 40%+ and SP500 is up 35% since April. If we see a deeper correction in the next 4 weeks, PLTR can retest the previous ATH at 125 from Feb 19th. A successful backtest at this level will present a prime opportunity for a bounce back to 189 and up to 200+.
2. Wait for $PLTR to reclaim 163. Once PLTR can reclaim 163 and hold above this level for at least 4 trading days, It will setup for 179,189 again.
Trying to trade PLTR in this current range can be frustrating so I'd preserve capital until you see the two levels above. PLTR has earnings coming up on November 3rd so there's still lots of time before the next big catalyst.
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- HaroldAnderson·2025-09-08Good strategyLikeReport