$PLTR - Demo date & Symmetrical Triangle - Bullish-7'th Jan is the first Demo date for one of the Palantir Products.
-11'th of Jan is the end of the symmetrical triangle we're trading in.
Symmetrical triangles are typically bullish.
Play #1: If Palantir is as strong as we think it is, there could be bullish hype buildup before the demo. Buy before the hype buildup and sell before or during Demo day to lock in easy profits. This way you avoid risk if the demo is not well received.
Play #2: Buy before demo day and hold through Demo day. If the demo is well received, you should receive extra profits by selling after the demo is complete during the same day or up to 1-2 days after the demo.
Based on past experience with bullish wedges, the bullish symmetrical triangle should indicate a breakout between the 5'th - 11'th. It's best to be in PLTR before that at a nice low average of 27-28. Anything more and you're looking at a short-mid term hold before you break-even.
Palantirtechstock
Palantir trading on a rangePLTR formed an ascending triangle but failed to breakout to the upside. It is still respecting the recent support at around $26.10 though, which is good for the bulls. There is a narrowing of the Bollinger Bands on the 1hr and 4hr charts, which could signify a potential breakout to either side since the candles seem to be ranging around the moving average. MACD and RSI are in decline but the RSI is still above 50 and it seems the distance between the MACD MA and signal are narrowing. In summary, there is no clear direction to PLTR in the short term. Maybe a piece of news is what we need to shake PLTR to either side. I am leaning to the bullish side.
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
PLTR Trade Update (Scale in with Dips) Another trade update on PLTR falling into near term consolidation that might set up another rally that might carry us higher towards 48-52 into 2021. Looking to scale in with more leaps with dots into 24-23 wave 4 support level.
Clear skies ahead for Palantir Ahoy fellow investors! Todays chart analysis is on Palantir Technologies NYSE:PLTR .
As you can see, Palantir cleared its 3 resistance price points of 25.50, 27.00 and 29.00 respectively and its on a strong upward trend heading for ALL time highs.
What i like about this rally is that:
1. There has been more and more positive news since the last run up to $33.50
2. Palantir just announced it will extend its partnership with the Greek government and its COVID-19 response effort (huge news as it allows exposure into PLTR business application)
3. It announced a new government contract that will pay $44,000,000 over 3 years (i believe those are the figures)
All of the recent good news plus what i am seeing in the weekly chart on the RSI (over 80 = super strong) and MACD (between 1 & 2 = strong) makes me like this rally and
i am confident that Palantir will reach ATHs (All time highs) and even surpass them.
As of now, the stock is sitting just over $30, after posting a 21% intraday rally.
Clear skies ahead for Palantir and i think it will touch $40 this week should the broad market conditions don't hinder its rally.
I own both stock at IPO and hold several call positions for end of the year expirations on 25 to 40 strikes.
Let's see how this unfolds! #GIDDYUP !!
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
Palantir is the party finally over ??this is a closer look of the 1H chart that shows the wave analysis described fully here :
please read full idea to understand where i suspect PLTR is going in the next few weeks.
Happy Xmas and trade safe !!!
PALANTIR TECH - BULLISH SCENARIOThere is not so much chart data on PLTR but I think the idea is worth sharing.
DISCLAIMER:
This MUST NOT be taken as a trading signal.
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