Possible Cup and Handle on pltr?Possible cup and handle on pltr
I do see it getting rejected off the down slopping resistance with a bounce off the 50 MA before breaking down slopping resistance.
After it breaks the down slopping resistance I would like to see it retest the upper resistance as support to confirm short term break to the upside.
Palantir
BUY THE DIP | Palantir To $100Palantir Stock Looks Attractive At
$9 <-- TECHNICAL UPDATE = BUY THE DIP...
Palantir Stock Looks Attractive At $9, But There Are Two Key Concerns
Palantir’s Increasing Exposure To Government
While Palantir’s Revenues expanded by about 24% in 2019, growth is likely to pick-up to levels of over 40% in 2020 as Covid-19 related disruptions increased demand for the company’s services. Much of this growth will likely come from the Government space. Over H1 2020, Government Revenue expanded about 76% year-over-year, while its Commercial Revenue grew by just 26%. The higher government exposure – particularly in areas related to surveillance and national security – comes with transparency and perception issues – which could put off software investors. That said, Palantir still has a lot of scope to grow in the Commercial space, with its total addressable market standing at about $56 billion. Investors could re-think Palantir’s valuation if they see more proof points indicating progress in the commercial sector, via high profile deals or stronger Revenue growth.
Palantir Can’t Scale As Seamlessly As SaaS Stocks
Investors aren’t treating Palantir like a Software as a Service (SaaS) stock. SaaS companies incur upfront costs to develop and maintain their products, but they can scale-up seamlessly to a large number of users and have low customer acquisition costs. Palantir’s software, on the other hand, requires a lot of customization by Palantir engineers to adapt to the unique needs of customers. Its user base is also concentrated (125 users as of 2019.... Continued in related idea below!
DCJ | Going Long On PLTR
Oct 6: 200 shares @ $9.67
$PLTR SELL-OFF SUPPORTED BY NO RESEARCH... MAJOR SQEEZE SOONPalantir sees itself targeted by two highly publicized names in the Stock Industry....
Citron Research... Keyword "Research".
Morgan Stanley... High surprising, truthfully only quoting Citron...
Both of which provided no support or research for their short stances other than... the Government contracts are "baked in"... Which is completely untrue.
Images have popped up showing Citron has been buying and adding to their position of Palantir... Which is highly questionable... SEC... hope you see this...
Anyways, Palantir is supported by both the Government and Industrial sectors. Palantir has shown major importance in countless tasks such as the DoD with military/intelligence operations, White House - Team Warp Speed in COVID-19 Vaccine and Tracing, UK COVID Tracing, etc...
Palantir's history is abundantly clear... Showing that major growth is inevitable. These research firms are just attacking to get their piece of the pie.
It's officially below the 100MA line and about to bounce off of the average growth line since the upward reorientation... Squeeze incoming. Expect it to return about $25 shortly.
[WSB] The Technicals Behind PLTR (SPOILER: MOON! 🚀 )This is the most clickbait-title i've ever used but guess what, there's a reason for it!
Palantir Technologies (PLTR) is the november stock that made everyone rich (except me).
But i got something for you: there is a decent chance for another pump towards our previous high.
So we might be able to lock in another 20%-30% profit (if just buy the stonk :-)).
PLEASE BE CAREFUL: We can see a divergence with the price action and the MACD/RSI,
which means that the price has been moving up, but many people obviously took some profit
(or simply switched over to GME). A STOP LOSS IS MANDATORY IF YOU TRADE THIS STOCK!
Everything is explained on the chart. Here are some levels that might be important for you
Enter below $27.50
Place your Stop Loss $23.60
Target $33.00 and secure your first profits
This is not a financial advice.
cheers fellow autists
Palantir - Buy insIf you have been watching Palantir, and have not been lucky enough to pick this up under $9-$10, you've watched it rise 58% waiting for a buy in. We should get a solid correction here, based on the candlestick pattern, price reached $17.08 and shot back down creating a long red candle with medium wicks at both ends. This means indecision, but it also means a big rejection from the $17 range, and could continue downwards as people take profits.
There is a potential gap trade to play on the smaller timeframes, around $14.25 - I drew Fib retrace lines for potential support zones as well.
I believe anything from $14-$14.50 would be a good buy in conservatively.
I would also look at extending down to $12-$13, with a possible overcorrection down to an area of large support: $9.85-$10.94. This is where the stock had spent most of its days in the beginning, and consolidated nicely before that last uptrend.
I am LONG on this stock, and marked it long because these are for new buy-ins, you can try to short the stock but it is hard to determine price discovery, and charts do not always follow the technicals.
$PLTR Earnings Call Announcements is Crucial (Potential $20)Palantir will report its first earnings report since the IPO on Thursday Nov 12th.
Analysts expect the company to report $279.32M in revenue and $0.03 EPS.
Before it went public, Palantir guided Q3 revenue of $278-280M, up 46-47% Y/Y, and operating income of $60-62M.
For the year, PLTR forecast $1.05-1.06B in revenue (+41-43%) with operating income of $116-126M.
The company expected 2021 revenue growth above 30%.
Palantir shares are up 1.9% to $14.95 and have popped 39% in the past week on a potential tailwind from the Biden administration, which could lead to a cut in defense spending and send those clients towards lower-cost alternatives like Palantir software.
(Source: Seeking Alpha)
With the recent news of Palantir supporting not only the United States but the United Kingdoms as well in tracing COVID-19, along with Tracking COVID-19 vaccines for the DOD... Palantir continues to show its importance to the public along with attracting even more investors.
If Palantir exceeds earnings expectations this could cause the stock to continue to spike massively... potentially reaching $20.
But keep in mind, with the way the market has been reacting to earnings calls... don't be surprised with a minor pullback back.
Either Way... We are at a crucial pivot point for Palantir. If you truly believe in the company.. you know what you have...
$PLTR Palantir Displays Importance To The Public. 20% Spike ProjNov. 03, 2020 2:03 PM ET Palantir software considered for U.K. COVID Contact Tracing pProgram
According to Financial Times sources, the U.K. government has talked with Palantir (NYSE:PLTR) about using its Foundry software to manage track and trace data related to the coronavirus pandemic.
seekingalpha.com
Previous reports have shown that the United States Government has also chose Palantir to track COVID-19 Vaccines...
The use for Palantir's multiple software programs continues to show just how important this company is the Western World.... both Military and Industrial.
$PLTR Palantir in the Early Stages for 20% SpikeNYSE:PLTR
Palantir has reoriented to showing a more Bullish upward trend since its major breakout from previous analysis.
When the Presidential Election is finally over I expect the Overall Market to return to normalcy.
Allowing stocks to grow naturally based off of true fundamentals.
The Partnerships and Contracts for this company are too strong not to allow this company to surge/spike soon.
Government and Industrial
I highly suggest you pay attention to that Squeeze Zone... We could see a major spike of 20%+ in the coming month!
Palantir - Bearish engulfing candlestick Palantir will be a hard one to play, we can see a gap trade in close proximity, and a Fib ratio that would create a good support zone. Premarket is up just a little, will see where this one goes!
Day before ended with a large sell-off, investors could likely sell more shares, stock will end up being a long term holder, I believe.
PLTR BOTTOM OUT? Buy & Hold LONGPalantir Stock Looks Attractive At $9, But There Are Two Key Concerns
Palantir’s Increasing Exposure To Government
While Palantir’s Revenues expanded by about 24% in 2019, growth is likely to pick-up to levels of over 40% in 2020 as Covid-19 related disruptions increased demand for the company’s services. Much of this growth will likely come from the Government space. Over H1 2020, Government Revenue expanded about 76% year-over-year, while its Commercial Revenue grew by just 26%. The higher government exposure – particularly in areas related to surveillance and national security – comes with transparency and perception issues – which could put off software investors. That said, Palantir still has a lot of scope to grow in the Commercial space, with its total addressable market standing at about $56 billion. Investors could re-think Palantir’s valuation if they see more proof points indicating progress in the commercial sector, via high profile deals or stronger Revenue growth.
Palantir Can’t Scale As Seamlessly As SaaS Stocks
Investors aren’t treating Palantir like a Software as a Service (SaaS) stock. SaaS companies incur upfront costs to develop and maintain their products, but they can scale-up seamlessly to a large number of users and have low customer acquisition costs. Palantir’s software, on the other hand, requires a lot of customization by Palantir engineers to adapt to the unique needs of customers. Its user base is also concentrated (125 users as of 2019, with 20 of them accounting for two-thirds of Revenue). This adds significantly to the company’s costs. For instance, Sales and Marketing Expenses stood at 61% of total Revenue in 2019, with General & Administrative costs standing at over 43% of Revenue. This significantly impacts the company’s bottom line, with Net Margins standing at -78% in 2019. In comparison, Datadog, a SaaS player that provides solutions to monitor cloud applications, had Net Margins of -5% during its most recent fiscal year. However, with Revenues likely to pick up this year, Palantir’s Net Margins should also rise. Over H1 2020, Net Margins stood at -34%.
(this info was outsourced)
DotcomJack | Going Long On PLTR