PALANTIR: Double bullish bat patternFUNDAMENTAL ANALYSIS
Palantir's 2021 outlook disappoints investors:
Year-over-year revenue growth of greater than 30% (instead of greater than 47% as it's been in 2020)
And for Q1 2021, they expect:
Year-over-year revenue growth of 45%.
Adjusted operating margin of 23%.
For the fourth quarter, Palantir reported an adjusted profit of 6 cents per share, including stock-based compensation. Revenue climbed 40% to $322 million, said the provider of data analytics software to U.S. government agencies. Analysts had projected a 2-cent adjusted profit on revenue of $300.7 million. (Source: INVESTOR'S BUSINESS DAILY)
Besides, Palantir reported a Q4 loss from operations of $156.6 million.
If Palantir benefited most from the covid19 crisis, the next results will tell. I believe the company has many triggers to earn profit, not just covid19.
TECHNICAL ANALYSIS
Palantir has shaped two bullish bat patterns that may indicate an upside trend reversal in the coming weeks from the current level (25). However, there's an important support level at around 21-23 (22.5) that might be touched and in my opinion, it is the best moment to enter. Maximum latent loss would be at around 17.58.
Palantir
PLTR load up... to the moon!PLTR after amazing an ER run up, stock price took a hard hit today as it dropped nearly 13%. PLTR earnings and beat analyst upgrades with a 41% growth in revenue from 2019 and is expecting to report a 30% yoy increase in revenue growth for 2021. Great add to your long term as they continue to spread their data analytic software to not only commercial customers but the government as well. Also founder of ARK Investment,Cathie Wood, has added this to her portfolio. From a TA standpoint, I can see more room for this to come down looking for a bounce near 24 to my wave c target to complete our abc correction before we start to form a 1-2 EW set up for a confirmed reversal. Now, if we gap up and we don't come down to get our dip entry, I wouldn't enter any short term swing and wait for a safe entry which would be a break and hold above 31. Good point here to go long with shares!
Key Levels:
Support: $25.30, $22.36
Resistance: $29.11, $30.92, $33.34, $37, $42.04, $45.19
Ways to Play This:
1. Buy Shares and HOLD!
2. LEAPS (year out option contracts, couple strikes OTM will suffice)
3. Swing minimum 3 week out exp. Option contracts
Option Ideas:
30C 3/5 2.30
30C 3/19 3.15
30C 1/21/2022 9.95
40C 1/21/2022 7.70
50C 1/21/2022 6.08
*Keep in mind these are contracts that catch my attention due to their liquidity (high vol and high OI) you can always go ITM or closer strike prices but my style is to go OTM unless ITM is cheap
Palantir 🪐There's a lot more to this trade than meets the eye, but I'd like to keep things visually simple.
(half sized)
3/19 40c
3/19 45c
4/16 40c
4/16 45c
will take the other half of this trade if it gets down to the previous local low of 30.58.
Clean exit just below the previous high of $45.
Note: 2\19 max pain sits at $31, so there is a chance we grind sideways until then.
~I have a feeling we don't though; all those $35p's will probably expire worthless.
Palantir should bounce here/ LONGPalantir is in a strong uptrend and I am expecting it to continue pushing higher, we should see storng PA at this level.
PLTR BULLISH LONGIf PLTR graph break occurs, BULLISH
Entry here is risky. Waiting for the chart break to buy the stock reduces the risk. Those who want to take risks can enter here and earn high profits.
PLTR Trade Update Updates on our existing PLTR Leaps from 2020. PLTR remains strong making new highs. Our Leaps from 2020 has moved deep ITM, look to book partial profits and move stops to break even if PLTR reaches wave 5 upside.
PLTR to $60 End Of MarchPalantir is continuing it's climb to $60, with massive catalysts and interest in this stock, i can see it getting close to this price by the end of March or sooner.
PLTR Earnings ProjectionsBasing some projections on recent cycle trends. I wouldn't be surprised to see some minor pullback to the $30 level again before we get a nice push to the $40 level (78.8% level) and potentially to the $45 level before seeing some downside by the end of the month to early March.
Palantir c-update 2.1Slowly finished the expected cup.
After the formation of the shape, if the exchange rate successfully erupts from it, an increase of the same volume as the height of the cup can be expected.
Bull on the springboard. (:
Good luck to everyone.
(A little correction: I corrected the yellow line because it shifted from what I had previously communicated and wanted to keep the credibility of the previous estimate.)
Palantir c-update 2.0Slowly finished the expected cup.
After the formation of the shape, if the exchange rate successfully erupts from it, an increase of the same volume as the height of the cup can be expected.
Bull on the springboard. (:
Good luck to everyone.
$PLTR IBM New Support a Rebound? Earnings soon!Video breakdown on $PLTR going into Earnings. Major putflow incoming but IBM news could change that.
PLTR Trade Update (wave 5 upside)PLTR bullish triangle breakout confirmed now looking to scale out with profits at wave 5
PLTR falling wedge patternIn my chart you can dee very nice patter `FALLING WEDGE`, that means that the stock will go up. Also the fib is dhowing the same sing - we have a strong support now. Hit like if you ar eholding with me!
Palantir - BUY The price was still rejected at the support of 31 usd. I believe it is time to buy, especially for the following reasons: Palantir Announces that results for its fourth quarter and fiscal year ended December 31, 2020 will be released on Tuesday, February 16, 2021, prior to the U.S. Open. markets. The Company will host a conference call to discuss its results at 6:00 am MT / 8:00 am ET.
This news correlates with the previous news: Palantir Reports Revenue Growth of 52% in the Third Quarter, Raises Full-Year 2020 Guidance, Full-year 2020 revenue guidance raised to a range of $ 1.070 billion to $ 1.072 billion, up 44% year-over year
I think that on March 16 the price will increase.
PLTR: Correction drop, but will be breakout again!PLTR: Considering some analysis to Palantir we can see that this company has a good standing, and also they are getting a lot of contracts. By technical view we can see that the stock is correcting itself now, after many traders were in, and it was expected a drop in price. But in the meantime if we see also with Fibonacci we can see a increase later on this stock. It was increased up to 40% in the begining, and now is stalling, but it will breakout on the days ahead.
In my opinion PLNTR is a worth investment. It is a bull stock!
NYSE:PLTR
Palantir BoomPalantir has broken out of its bullish continuation pattern and is now on the rise. Target of this move biased on the pennant is the mid $38 range, from that point shares will either test support at $33.60 or keep moving to resistance at the $44 level.
Good luck on your trades!
-Robbby
