Blow off top - too early to short?

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As much as it pains me to say this, I still think Palantir has more shorts to squeeze here. There’s a rounded bottom and my Elliot wave count puts this move at Wave 5, blow off top. I think the final Wave 5 target is higher than $100, I can’t tell exactly where it end as I don’t have a crystal ball. However, this move up is strong and can easily head towards the $150 region.

I’d strongly recommend against shorting here, as I did a few months back. There will be an opportunity to short, but I wouldn’t be jumping in front of this steam train right now.

Not financial advise, do what’s best for you.

Feragatname

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