$PLTR | Allocation | Buy Limit |

Technical Confluences:

• Price is in Overbought conditions in the Weekly Timeframe (Will take time to play out)
  
• Price action bounced off 3 Resistances; Horizontal Trendline, top range of a Parallel Channel and the top of a Supply Zone
  

Fundamental Confluences:

• PLTR's specialized software platorms that are complex yet scalable in it'sdata handling capabilities gives them their edge
  
• Competitors have yet to catch up to $NYSE:PLTR's advancement but competition is starting to build against them from other big tech firms
  
• The growth potential in data analytics is massive and it has not include massive global expansion
  
• A large portion of their revenue depends on government contracts which is stable but is susceptible to any changes in government and their policies (something to watch for)
  

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This counter is a one that I had enter prior to this as shown.

The story for $NYSE:PLTR in the data analytics field is something that must be held in a long-term portfolio.

At the moment, I don't see $NYSE:PLTR breaking up above the 3 resistances and am expecting a reversal which I will place Buy Limit orders (as shown) to allocate more into this stock.

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