We just got news that BMW will be working with PLTR This contract is big in the sense that 60% of the contracts PLTR has are with the government. They also have done this with no commercial sales team or advertising. PLTR has room to grow into the commercial section as data is just simply apart of our future. They have alot of room to grow outside government contracts and this could be the catalyst to do so. THE CHART -$21.50 currently the support within the wedge we are in. (green trend lines ) -Short interest has fallen substantially in the last 180 days from 10 percent to 4. That means people betting against PLTR are backing off. This is good for a stock coiled up as it is. -I think this news with good earnings could see buyers coming back to PLTR as alot of traders were shaken out due to the massive shorts during the WSB debacle
I agree with alot of analyst that data mining is apart of our future. Everything we do practically is data at this point. I am looking forward to more commercial contracts from PLTR . This deal is impressive seeing as PLTR has no ads or commercial sales team. So All this is a recipe for some substantial growth.
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Note
Sorry for the bunched chart. Resolution changed from my screen to post.
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