PLTR stock was bought by ARK! where stock price go?
Updated
Palantir (PLTR) we missed you in action in the last month and a half... I covered what the company does and how in the previous idea I wrote in Nov -link here
So Palantir acquired new contracts in the health sector last month and as it seems now – their technology can integrate in any major corporation and improve efficiency dramatically.
This means that Palantir will acquire new clients organically based on user experience that is proving as very efficient and successful – which is the best advertising you can ask for 😊
Shares of PLTR were acquired last night by the notorious ARK invest – they bought 497,100 shares exactly and this is the first time the company is acquiring PLTR which means to us they believe in the company but more importantly, they think the stock price is reasonable if not underpriced!
So, let’s go on technicals – this one is pretty easy and clear
• We had an impulse wave that took the stock above the 30$ line.
• Once wave ended and people abandoned the stock it dropped to 24$ line
• Now we see in the last month it formed a sideways trend between 24$ to 28$
• After ARK news I expect the stock to go to the 28$ line and retest resistance – this will be our first target
• Second target will be breaking through the 28$ and giving us a high on the 31$ line – touching previous resistance
• Third target will be after breaking the 31$ and going to 34$ where we have our highest high and doing accumulation on that level so the stock can potentially break out to new highs – even 40$, we saw the SAME exact behavior on JUMIA this month and it eventually broke out
If all targets are achieved in the upcoming week or two (the market is very fast these days) then we can aim to take some profits at 40$. if we see the PLTR dropping to the red zone on the chart at below 24.00$ we can assume this analysis is canceled and should be ignored
We at FDGT truly believe Palantir has a lot to offer and their product is going to disrupt technology and innovate it to new levels as artificial intelligence is here not just to stay but to take over and companies that will not combine artificial intelligence in their software will fall behind, so this is only the beginning of PLTR , and we are very bullish on this stock in the upcoming years
Closer look (1H chart) :
Please remember to do your own due diligence, we are not certified to give any financial advice.
Happy Friday !!! trade safe
So Palantir acquired new contracts in the health sector last month and as it seems now – their technology can integrate in any major corporation and improve efficiency dramatically.
This means that Palantir will acquire new clients organically based on user experience that is proving as very efficient and successful – which is the best advertising you can ask for 😊
Shares of PLTR were acquired last night by the notorious ARK invest – they bought 497,100 shares exactly and this is the first time the company is acquiring PLTR which means to us they believe in the company but more importantly, they think the stock price is reasonable if not underpriced!
So, let’s go on technicals – this one is pretty easy and clear
• We had an impulse wave that took the stock above the 30$ line.
• Once wave ended and people abandoned the stock it dropped to 24$ line
• Now we see in the last month it formed a sideways trend between 24$ to 28$
• After ARK news I expect the stock to go to the 28$ line and retest resistance – this will be our first target
• Second target will be breaking through the 28$ and giving us a high on the 31$ line – touching previous resistance
• Third target will be after breaking the 31$ and going to 34$ where we have our highest high and doing accumulation on that level so the stock can potentially break out to new highs – even 40$, we saw the SAME exact behavior on JUMIA this month and it eventually broke out
If all targets are achieved in the upcoming week or two (the market is very fast these days) then we can aim to take some profits at 40$. if we see the PLTR dropping to the red zone on the chart at below 24.00$ we can assume this analysis is canceled and should be ignored
We at FDGT truly believe Palantir has a lot to offer and their product is going to disrupt technology and innovate it to new levels as artificial intelligence is here not just to stay but to take over and companies that will not combine artificial intelligence in their software will fall behind, so this is only the beginning of PLTR , and we are very bullish on this stock in the upcoming years
Closer look (1H chart) :
Please remember to do your own due diligence, we are not certified to give any financial advice.
Happy Friday !!! trade safe
Trade closed: target reached
Target reached ! 34$
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