Long
Osama bin Laden and the war in ukraine
Welcome everyone to another analysis on Palantir.
“What the hell has he been smoking?” will many probably think after reading the title of today’s analysis.
You may think, what does Osama bin Laden and the Ukraine conflict have in common? Well, the same company and the same software which helped to hunt down the most wanted terrorist in 2011 is being used in the Ukraine war. About 12 years after the death of the most wanted terrorist, Palantir is aiding the western military again.
Much rumor is heard about Palantir software solutions which should help the Ukrainian troops on the eastern front, as always, we don’t know everything that is going on right now. What we know is that the software meta constellation has gained a questionable reputation. Alexander Karp stated in February that Palantir was responsible for most of the targeting in Ukraine, its software helped the Ukrainian army target enemy tanks and artillery. The war gives the company a unique situation to test and use its products in a real war situation. The war may be over sooner or later, however, the demand for defense software has massively increased. Poland and Germany are very interested in deploying Palantir’s software, however there isn’t much information on this because the company likes to be very discreet about it's clients. Together with the news of the company's first profitable quarter, this gives us some explosive potential for the future.
Read about this interesting topic on Reuters: reuters.com/technology/ukraine-is-using-palantirs-software-targeting-ceo-says-2023-02-02/
Technical Analysis:
Since our last update on 14.2.2023 we rallied massively above 10 dollars after touching the green trading zone only to be pushed back to the price levels of $7-$8.
After completing a (b) wave which perfectly retraced up to our red trading zone at $10.30, the price has declined up to -26% so far. In both cases the trading zones were exact turning points for the price. We estimate that we are currently in a 1-2 setup which should complete itself in the next days and weeks, it is possible that we extend deeper into our green trading zone. At the time of writing this article, we slightly touched the green trading zone again. We as Mendenmein Capital already built up positions in the green trading zone and will continue to do so in the future.
After completion of the orange wave (ii) we should see massive upside movement towards the 1.618 retracement at $12.81. The price can extend deeper into the orange zone for its macro 1, which ismarked on the chart. The price target for the Macro 1 is an estimate at the moment but can be calculated after orange wave (iii).
A more detailed analysis can be found on our new youtube channel.
“What the hell has he been smoking?” will many probably think after reading the title of today’s analysis.
You may think, what does Osama bin Laden and the Ukraine conflict have in common? Well, the same company and the same software which helped to hunt down the most wanted terrorist in 2011 is being used in the Ukraine war. About 12 years after the death of the most wanted terrorist, Palantir is aiding the western military again.
Much rumor is heard about Palantir software solutions which should help the Ukrainian troops on the eastern front, as always, we don’t know everything that is going on right now. What we know is that the software meta constellation has gained a questionable reputation. Alexander Karp stated in February that Palantir was responsible for most of the targeting in Ukraine, its software helped the Ukrainian army target enemy tanks and artillery. The war gives the company a unique situation to test and use its products in a real war situation. The war may be over sooner or later, however, the demand for defense software has massively increased. Poland and Germany are very interested in deploying Palantir’s software, however there isn’t much information on this because the company likes to be very discreet about it's clients. Together with the news of the company's first profitable quarter, this gives us some explosive potential for the future.
Read about this interesting topic on Reuters: reuters.com/technology/ukraine-is-using-palantirs-software-targeting-ceo-says-2023-02-02/
Technical Analysis:
Since our last update on 14.2.2023 we rallied massively above 10 dollars after touching the green trading zone only to be pushed back to the price levels of $7-$8.
After completing a (b) wave which perfectly retraced up to our red trading zone at $10.30, the price has declined up to -26% so far. In both cases the trading zones were exact turning points for the price. We estimate that we are currently in a 1-2 setup which should complete itself in the next days and weeks, it is possible that we extend deeper into our green trading zone. At the time of writing this article, we slightly touched the green trading zone again. We as Mendenmein Capital already built up positions in the green trading zone and will continue to do so in the future.
After completion of the orange wave (ii) we should see massive upside movement towards the 1.618 retracement at $12.81. The price can extend deeper into the orange zone for its macro 1, which ismarked on the chart. The price target for the Macro 1 is an estimate at the moment but can be calculated after orange wave (iii).
A more detailed analysis can be found on our new youtube channel.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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