PLTR has been consolidating since late November before spiking up late January due to it trending in r/wallsreetbets.
This probably leads to many retail investors started to look into PLTR business, and I believe some also considered taking long positions in between 35 - 40ish price area.
However quite a number of investors are also contemplating as it is nears lockup period which allows initial shareholders to finally cash in on the previous PLTR rally.
Price dropped at 25 but we saw heavy volume on that day, probably due to ARK Invest doubling down on their position.
On Friday the price gapped up with stronger than ever volume, at this price I believe many will start to jump on the bandwagon.
Short term investor will look at this having a nice risk-reward ratio, while long term investor would not hesitate to finally open their position as the price is already at a great discount.
This probably leads to many retail investors started to look into PLTR business, and I believe some also considered taking long positions in between 35 - 40ish price area.
However quite a number of investors are also contemplating as it is nears lockup period which allows initial shareholders to finally cash in on the previous PLTR rally.
Price dropped at 25 but we saw heavy volume on that day, probably due to ARK Invest doubling down on their position.
On Friday the price gapped up with stronger than ever volume, at this price I believe many will start to jump on the bandwagon.
Short term investor will look at this having a nice risk-reward ratio, while long term investor would not hesitate to finally open their position as the price is already at a great discount.