I have been waiting for a correction in the stock since selling out of it in early February. There has been a couple of months long distribution pattern formation and now a confirmed breakdown this week. I had been short for a couple of weeks and second guessing myself a few times because bulls were heavily defending the neckline for H&S pattern. It almost formed...
PLTR is bearish on its 1D technical outlook (RSI = 33.299, MACD = -0.640, ADX = 35.931) as it trades under its 1D MA50 and today reached the 1D MA100 for the first time since February 5th. Even though the 1 year Channel Up still has some downside to bottom on its 1D MA200, this is technically the best buy opportunity since the January 31st low as the 1D RSI...
Upon closer reevaluation of Palantir, we continue to believe that we have not yet completed Wave (2) and that the price should not continue to rise. Our initial hypothesis was invalidated; we first expected to see Wave 5 at $19. Now, we assume Wave 5, or rather Wave (1), at $21.85, having developed Waves A and B, with Wave B at $25.69. This should also form our...
Palantir Technologies (NYSE: NYSE:PLTR ) has been on a wild ride in the stock market, experiencing both exhilarating highs and nerve-wracking lows. The latest twist in this rollercoaster journey comes with an analyst downgrade from Monness, Crespi, Hardt & Co., sending the stock plummeting by 6%. The reason? An 'Unprecedented Generative AI Hype Cycle' that has...
PLTR is stuck in a range. Distribution patterns are forming. RSI is holding on to a critical level. Good new out there is not making any dent to the price action. The ticker has a history of falling off the cliff after being range bound. EW count is suggesting a full 5 wave sequence is complete. So, basically it is time to hurry up and wait. PLTR has just...
NYSE:PLTR Weekly Chart Double Top Pierce, to break through this, wait for bullish consolidation. A "Double Top" in technical analysis refers to a chart pattern that occurs when a security's price forms two consecutive peaks at a similar level, separated by a trough. It typically signifies a potential trend reversal from an uptrend to a downtrend. In the case of...
See my work of math art. I plot estimates of value over time. If you can visualize, it helps with understanding. Investors first must understand 3 things: does it make money now? will it make more money later? how is the company funded? Avoid money losers. Avoid companies that cant scale or grow. Avoid balance sheets that are weak or rotted with debt.
Palantir stock is set to pop in the next year as the tech firm erects an artificial intelligence "fortress" that will help it become one of the biggest players in the AI race in the coming decade, Wedbush Securities analysts wrote on Friday. According to Wedbush's Dan Ives, Palantir is headed to $25 a share in the next 12 months. That represents a surge of 54%...
Palantir Technologies ( NYSE:PLTR ) has secured a lucrative $178 million contract with the U.S. Army for Project TITAN, a cutting-edge battlefield system powered by artificial intelligence. This groundbreaking development has sent shockwaves through both the defense and technology sectors, propelling NYSE:PLTR stock to new heights. Project TITAN, aptly named...
In our detailed examination of the daily chart for Palantir Technologies, we've uncovered the development of a 5-wave cycle culminating in our significant Wave (1). We are currently navigating through Wave (2), which appears to be shaping up as an expanded Flat Correction. Closer analysis suggests that the extent to which Wave B overshoots should directly...
PLTR has exploded in February. It is also looking like finishing up the five wave sequence with an ending expanding diagonal pattern. There could be one more spike up before the sequence is over and we see a rather healthy retrace. the first leg of the retrace could be as explosive as the way up, followed by a bounce and another leg of drawn out accumulation...
If you haven`t bought PLTR ahead of the previous earnings: Then analyzing the options chain and the chart patterns of PLTR Palantir Technologies prior to the earnings report this week, I would consider purchasing the 19usd strike price Calls with an expiration date of 2024-3-1, for a premium of approximately $0.73. If these options prove to be profitable prior...
Palantir (PLTR) has been trading within a long-term Channel Up pattern every since the August 05 2022 High. The recent consolidation within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) was successful as it held the latter as Support and broke above the former. Since we are technically on the 2nd long-term Bullish Leg of the Channel Up, this...
Palantir Technologies Inc. (NYSE: NYSE:PLTR ), a global leader in AI systems, has announced a transformative 3-year partnership with Coles Supermarkets Australia Pty Ltd (ASX: COL), a prominent Australian supermarket and retail giant. The collaboration aims to revolutionize Coles' workforce strategy and analytics by leveraging Palantir's cutting-edge platforms,...
PLTR Growth Momentum hasn't waned a tiny bit. The stock keeps ranging at the 52 wk high most of the time suggesting an "Alpha" stock characteristic. Yesterday's price movement was another testament of buyer's weighty positioning of this soon-to-be-massive-valuation stock. It is named the future MSFT of today's era. The recent price growth (+6% yesterday's...
Analyzing Palantir Technologies from its count starting in December, 2022, we've seen the development of a 5-wave cycle, concluding with the overarching Wave (1). Currently in a Wave (2) correction, the complexity lies in an overshooting flat. A closer look reveals the start with a downward A using an overshooting flat, followed by a WXY towards an ABC...
Fundamentals + Algorithms Revenue growth: While not explosive, PLTR has shown consistent revenue growth, exceeding 40% year-over-year in recent quarters. However, investor expectations and valuation were initially set much higher, contributing to the recent stock price decline. Profitability challenges: PLTR currently operates at a significant net loss, raising...
It looks bearish and remain so for couple of months, it could hit 15 and if it forms a base around 15, then expect it to move higher towards 28. This could all happen by July-Oct 24. Happy trading !!