PLTR: Technical Rhyming
I think PLTR will have taken advantage of the recent demand they've been getting. Closing deals thanks to bootcamp's.
After this current move to the downside, we're nearing oversold territory on the daily and ready to cross upwards over the zero (0) line on the Chalkin Oscillator. Technically, potentially, we're looking at a positive price reversal.
The fundamental catalyst will be earnings with a nice surprise, I think investors will be excited about PLTR showing exponential AI growth and demand across the board. If they also announce a new product, it's game over (at least in the short term) for the bears and I think we'll be well on our way to 30 bucks (mid term/long term)
IF by chance we don't see the results of the customer growth translate into the revenues yet and we only get to see leading indicators. The short sightedness shorting will give the long term buyers an opportunity to buy at a much cheaper price.
That said, my assumptions are to the up side. No price targets for any specific time period as no one can predict exact price movements. And of course this is not trading advise.
After this current move to the downside, we're nearing oversold territory on the daily and ready to cross upwards over the zero (0) line on the Chalkin Oscillator. Technically, potentially, we're looking at a positive price reversal.
The fundamental catalyst will be earnings with a nice surprise, I think investors will be excited about PLTR showing exponential AI growth and demand across the board. If they also announce a new product, it's game over (at least in the short term) for the bears and I think we'll be well on our way to 30 bucks (mid term/long term)
IF by chance we don't see the results of the customer growth translate into the revenues yet and we only get to see leading indicators. The short sightedness shorting will give the long term buyers an opportunity to buy at a much cheaper price.
That said, my assumptions are to the up side. No price targets for any specific time period as no one can predict exact price movements. And of course this is not trading advise.
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