I think it is breaking out does not mean I'm going to buy it, but definitely not shorting it lol. There are obviously other stocks going to double or triple in a month or two, which is not Pltr for sure... My money is at where stocks that will grow exponentially. My current bet is bbai.
https://preview.redd.it/nr14sc1ubhqf1.png?width=1412&format=png&auto=webp&s=068f17e0e9708ee6082f1de9f6954351c00a5c1f
Only started actively managing my portfolio in late 2023, though. Before that, I was just cluelessly buying some boomer dividend stocks (got my ass kicked by SPY, a low beta portfolio was not the right call since 2009). Over 2/3 of my total P/L is from 2024 onwards.
Looking at past earnings calls I'm expecting a 10% jump to a price target of 175. The weekly RSI is high at a 74 might see some selloff and consolidation till earnings but I doubt it as people are anticipating positive earnings. RSI might grow to \~79 or past 80 before a selloff. Last time RSI was this high was around March '24 earnings and it ran for 2 weeks after. I'm bullish.
OP should set a stop loss.
So if price tanks he takes profits and then puts it into a leveraged ETF or sth like it. They also grow double digits in good markets, some even 90%.
At the end of a bull market, into bubble territory, variance melts away and all fashionable synchronize and climb together.
You did the right thing by investing in this very peculiar market phase.