PLTR - Rise of the machine (Macro Count!)
Updated
It’s been a while since we published an update about Palantir, and the massive pump which was triggered by the Q1 2023 earnings is a more than welcome change in investors sentiment.
The terminator should resemble a subtal joke, as palantir continues to engage in intelligent software and possible AI constructs used by the US government and military.
Additionally, I want to highlight our buy zone, which is displayed on the chart as the green retracements ranging from 0.5 to 0.618. This zone was hit three times and I sincerely hope that everyone could take advantage of it.
As of now we expect that the market will continue its uptrend, only a significant decline below 8$ could trigger a possible bearish alternative.
2D Chart - Palantir (NYSE)
See the chart without the terminator, 4H Chart - Palantir (NYSE)
Please note that we are already invested in Palantir with 2 positions, which we announced last year.
Long #1 (Announced 21.03.2022)
AVERAGE EXECUTION PRICE: 12.53$
STOP-LOSS: NONE
LONGTERM TARGET: +80$
Long #2 (Announced 09.05.2022)
AVERAGE EXECUTION PRICE: 7.59$
STOP-LOSS: NONE
LONGTERM TARGET: +80$
The terminator should resemble a subtal joke, as palantir continues to engage in intelligent software and possible AI constructs used by the US government and military.
Additionally, I want to highlight our buy zone, which is displayed on the chart as the green retracements ranging from 0.5 to 0.618. This zone was hit three times and I sincerely hope that everyone could take advantage of it.
As of now we expect that the market will continue its uptrend, only a significant decline below 8$ could trigger a possible bearish alternative.
2D Chart - Palantir (NYSE)
See the chart without the terminator, 4H Chart - Palantir (NYSE)
Please note that we are already invested in Palantir with 2 positions, which we announced last year.
Long #1 (Announced 21.03.2022)
AVERAGE EXECUTION PRICE: 12.53$
STOP-LOSS: NONE
LONGTERM TARGET: +80$
Long #2 (Announced 09.05.2022)
AVERAGE EXECUTION PRICE: 7.59$
STOP-LOSS: NONE
LONGTERM TARGET: +80$
Note
Magnificent, isn't it?Note
Trading zone reached, this is a stunning success!Stay tuned for another update!
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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