Buy & Hold PalantirNYSE:PLTR
*This is a long term investment idea*
It's not a bad idea to start buying (& holding) Palantir down here.
With all the geopolitical tension in the world at the moment, the demand for their services should keep growing for the foreseeable future.
They have a stable stream of revenue from government contracts, along with a growing commercial business that should bolster their revenues.
Hence, their ever growing quarterly revenue numbers. (Screenshot below)
Technically speaking; momentum has been building bullish divergence for quite some time now.
At the moment, price is within the bottom range of the arcs, and has exited the yellow pitchfork without reaching it's median line. (Hagopian Gap)
I'm thinking that price should start climbing soon.
In the long term, I think price will eventually get back to the all time highs at $45.
Over the next few years, I'm thinking that a retracement to the 0.50 or 0.618 Fibonacci levels is likely. ($25 - $30)
I'm adding some PLTR to my retirement account this week.
I also plan to purchase some LEAPS in my trading account in three stages.
Positive Momentum Breakout
Weekly close above "Long-Confirmation A"
Weekly close above "Long-Confirmation B"
Fat_Fat
