PLTR got too hot too fast and cooling down just as fast for the last few weeks. price has bounced from support on Friday, but don't know if it will be sustainable or not at this point. Do not want to see price break $12.57. I have taken a position on the bounce on Friday but have a very tight stop loss below Friday low. If this bounce can sustain, then target will be around $24 area. Want to see RSI making a lower high to complete the 5-wave sequence and go for a larger correction. If price breaks down below $12.57, then will need to reassess the situation...
