PLTR takes profit after gap up

PLTR received some wonderful news lately and surged to dramatic highs very quickly

• Gapped up then rallied during yesterday trading before settling off
  
• Expected selloff is starting as hype wears off.
  
• We should expect to see more selling off in the near term before stock settles
  

PLTR remains in the bullish zone so far. We are starting to see more weakness in risky tech assets forming. So expanding on long term bullish positions should be done cautiously.