$PLTR - Bullish-ish but barely.
Hi Ya'll,
First of all, this is not financial advice. It's my own DD that i use to trade. This ain't even very logical DD and is likely a pretty bad idea actually. Almost regretting it really.
I think PLTR is bullish, but just barely... There was a big sell off in February as shown by the OBV indicator and this means that PLTR has lost it's legs and previous support/resistances. It's entered a new trading range.
I think if PLTR is attacked by hedgies, it'll have a rough time staying above $20. If however hedgies and shorties aren't interested in PLTR, i think we can float at around $20 - $24.
My bet on PLTR is that due the previous sell-off, someone will actually buy PLTR shares at the end of the bullish wedge i'm indicating on the chart. Unfortunately even though i want this to happen, i think it's just a dream as wall street isn't very interested in buying PLTR with it's various tech related excuses, but i believe it's mostly because of how PLTR's shares are set up and how no external entity can have true ownership over PLTR no matter how many shares they buy. This is in PLTR's prospectus document.
Only Kathy Woods and retail might be interested in PLTR due to it's actual value, whilst the rest of wallstreet isn't really interested because it's not a company they can bet against also due to the huge share float of PLTR.
So yeah, PLTR barely bullish for me, just barely with a chance of shorts if they catch on and realize PLTR is prime for a quick one. I should probably be shorting it, but i'm not that kind of guy so. PLTR's OBV is somewhat terrible and has collapsed due to the large selloff by Cohen and others. I'm not sure this company can make it in the Public trading domain... and honestly i might actually just kill my buys... I don't know, i want to have hope but... yeah. Indicators not looking good for me and i'm not terribly confident in their ability to make a net profit yet cause they aren't making money...
Gonna be checking them out for the next few quarters and see if they improve with their ever increasing government contracts.
I have a large long buy position PLTR btw.
First of all, this is not financial advice. It's my own DD that i use to trade. This ain't even very logical DD and is likely a pretty bad idea actually. Almost regretting it really.
I think PLTR is bullish, but just barely... There was a big sell off in February as shown by the OBV indicator and this means that PLTR has lost it's legs and previous support/resistances. It's entered a new trading range.
I think if PLTR is attacked by hedgies, it'll have a rough time staying above $20. If however hedgies and shorties aren't interested in PLTR, i think we can float at around $20 - $24.
My bet on PLTR is that due the previous sell-off, someone will actually buy PLTR shares at the end of the bullish wedge i'm indicating on the chart. Unfortunately even though i want this to happen, i think it's just a dream as wall street isn't very interested in buying PLTR with it's various tech related excuses, but i believe it's mostly because of how PLTR's shares are set up and how no external entity can have true ownership over PLTR no matter how many shares they buy. This is in PLTR's prospectus document.
Only Kathy Woods and retail might be interested in PLTR due to it's actual value, whilst the rest of wallstreet isn't really interested because it's not a company they can bet against also due to the huge share float of PLTR.
So yeah, PLTR barely bullish for me, just barely with a chance of shorts if they catch on and realize PLTR is prime for a quick one. I should probably be shorting it, but i'm not that kind of guy so. PLTR's OBV is somewhat terrible and has collapsed due to the large selloff by Cohen and others. I'm not sure this company can make it in the Public trading domain... and honestly i might actually just kill my buys... I don't know, i want to have hope but... yeah. Indicators not looking good for me and i'm not terribly confident in their ability to make a net profit yet cause they aren't making money...
Gonna be checking them out for the next few quarters and see if they improve with their ever increasing government contracts.
I have a large long buy position PLTR btw.
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