A NYSE:PLTR s a software company PLTR seems to be doing great and the past earnings weren't the exception. Even when price is down because of a less than prior quarter growth rate in commercial revenue, fundamentals seems solid with the only issue being a very high P/E ratio.
From a technical perspective, the price is resting on a strong support zone and held...
Palantir reached higher high but now a down move is coming heading to the bottom of green channel
First target will be around 22$ where a bounce can happen
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...
The retracement of the corrective risegives the chance of a renewed attempt to overcome the breaking summer high of 2021.
And even if we may not succeed there is a good chance for a profit.
But if we succeed the chance of a further rise will be exorbitant. Then the chart will have the V-formation confirmed which consists in the deep fall of the 4th quarter of 2021...
Fundamentals:
Develops software for institutions for protect individual privacy and prevent the misuse of information. The only thing that I do not like is the bad earnings stability and the decelerating earnings; but sales have been growing q/q and y/y. Good quality funds are adding.
Technicals:
Daily:
exDiv1 with MACD lines and RSI
a-b-c counter...
PLTR
I've decided to go short right here.
Its currently within a reverse extension 1.618 Golden Window from the first wave up.
And that is within the retracement Golden Window.
The current wave up has breached into higher liquidity above the upper ascending wedge trendline.
So as we looked at before, if it tops here it can be a head & shoulders pattern or a...
Although it is coming off a disappointing earnings report, based on technical analysis, Palantir is poised to return to about the $23 level, representing an 8.91% increase from current prices (more if you use call options). Here's the reasoning behind my idea:
1. First off, we look at history. As depicted by the drawings, Palantir is at a very crucial and strong...
Contrary to the recent comments from James Cramer that he "liked" Plantir, every stock has its season ... and appears it's Winter time for this one ... and simply "liking" a stock doesn't mean you should buy it!!
I charted this guy out in about 10-15 minutes after a large iced mocha ;)
Inspiration early in the morning is key; just say'n.
Using key Fibonacci...
Expecting price to retrace to the $17 zone to complete the right bottom shoulder.
The corporate and governmental entities involved appear to have this company well-grounded for success. But DYOR and invest only when that $17 range is confirmed with your favorite indicators, key moving averages, etc.
I have been an avid pusher of this stock for many reasons.
It seems this can be the last time to be purchasing this stock at these prices.
Overall structure shows we can see a rapid increase in price over the next 3-6 mnths.
A lot of retail traders have been fleeced by the price action of pltr while institutions have been ramping up purchases.
30+ into first...
IT's strange that this can go UP/DOWN, no definitive path for now.
There is a Gap UP/DOWN
No enough volume to decide
Below 50-day EMA
Below VWAP
MACD also confused
Its better to wait before stepin
We can now count a very nice 5 waves move up from the Dec 2022 low. While there is currently no sign that price has topped, it has hit a major monthly resistance level at around $26.50. Confirmation that a correction has begun would occur when price breaks below the ascending trend line.
Should a correction take place in the coming months, price should at least...
PLTR price action has gone crazy this week. First, the H&S pattern failed when $19 target failed and pushed above the neckline; creating an inverse H&S pattern. The target for inverse H&S pattern almost got hit, but then the post earning shenanigans began. Price has fallen through the neckline once again and if the last low of $20.20 breaks, then it will be...
