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Palantir Technologies Inc.

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PLTR trade ideas

PLTR - Rise of the machine (Macro Count!)It’s been a while since we published an update about Palantir, and the massive pump which was triggered by the Q1 2023 earnings is a more than welcome change in investors sentiment. The terminator should resemble a subtal joke, as palantir continues to engage in intelligent software and possible AI constructs used by the US government and military. Additionally, I want to highlight our buy zone, which is displayed on the chart as the green retracements ranging from 0.5 to 0.618. This zone was hit three times and I sincerely hope that everyone could take advantage of it. As of now we expect that the market will continue its uptrend, only a significant decline below 8$ could trigger a possible bearish alternative. 2D Chart - Palantir (NYSE) See the chart without the terminator, 4H Chart - Palantir (NYSE) Please note that we are already invested in Palantir with 2 positions, which we announced last year. Long #1 (Announced 21.03.2022) AVERAGE EXECUTION PRICE: 12.53$ STOP-LOSS: NONE LONGTERM TARGET: +80$ Long #2 (Announced 09.05.2022) AVERAGE EXECUTION PRICE: 7.59$ STOP-LOSS: NONE LONGTERM TARGET: +80$
NYSE:PLTRLong
by Mendenmein-Capital
12
$PLTR Entering A New EraAs AI stocks keep gaining interest day after day, Palantir Technologies, Inc (NYSE: PLTR) is looking to reinvent itself as an AI-focused company with the release of its new AI platform. The new direction came after PLTR achieved its second quarter of GAAP profitability. Although PLTR stock is trading near its 52-week high, the stock could reach new highs soon considering the growing AI craze and institutions increasing their stake in the company. PLTR Fundamentals After Nvidia Corporation (NASDAQ: NVDA) announced its Q1 2023 earnings smashing its EPS and revenue estimates, talks about AI stocks took over the stock market, especially since PLTR announced earlier that it is releasing its own Large Language Models (LLM). PLTR’s Artificial Intelligence Platform (AIP) will enable its customers to operate its Foundry and Gotham platforms. That means that the LLM market has gained another big player in its huge portfolio of companies like Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT). New AI Platform PLTR already said that it is seeing huge demand for its new platform – AIP – from new customers and that it is trying to deploy AIP to existing customers as fast as possible. Furthermore, PLTR deployed a pre-release version of AIP at a major insurance company which has given positive feedback to PLTR. This rising demand proves that the AI market is not saturated yet and there is still room for growth in the future as AI implementations increase. With this in mind, PLTR announced its first AIPCon on June 1 where the company will provide a detailed look at the newest release of Palantir AIP and AI in Foundry. This conference will also focus on the rapid adoption of Palantir AIP and will feature customers from different sectors like Cisco, Panasonic, and HCA Healthcare. In this way, PLTR could cement itself as a leader in the AI and LLM markets which are seeing huge adoption in the meantime. New Strategy The AI sector is growing quickly and that is exactly what PLTR is planning to do since it is planning to gain a lot of ground on the market as quickly as possible. In its Q1 2023 earnings call, PLTR’s CEO Alex Karp discussed the company’s strategy when it comes to AI saying “Our strategy on AI is just to take the whole market. We have no pricing strategy. We’re going to create a lot of value. We’re going to get hundreds of customers and we will price it as we go. One of the things we’ve seen over and over again is, when you’re ahead of the market, you need to take territory”. Of course that will be extremely hard with players like Google and Microsoft in the picture, but it shows PLTR’s commitment to the market and that it is not just riding the wave of AI and LLM. Furthermore, PLTR achieved GAAP profitability for the second consecutive quarter in Q1 after achieving GAAP profitability for the first time in Q4 2022. PLTR also raised its 2023 revenue guidance from between $2.18 – $2.23 billion to between $2.185 – $2.235 billion and expects to achieve GAAP profitability in every quarter of 2023. Institutional Ownership After the new guidance, PLTR stock has been seeing a lot of institutions interested in it. Most notably, Cathie Wood’s fund – Ark Invest – has been adding shares of PLTR for three weeks in a row since its latest earnings adding up to more than $4 million in PLTR shares. Since these buys occurred near PLTR’s 52-week high, the stock has the potential to reach new highs thanks to the growing interest in the AI sector. PLTR Financials In its Q1 2023 report, PLTR’s assets increased 6% QoQ from $3.4 billion to $3.6 billion, and its cash and cash equivalents decreased 39% QoQ from $2.6 billion to $1.6 billion. PLTR’s total liabilities increased by 7% QoQ from $818 million to $880 million. Revenue also increased 17% YoY from $446 million to $525 million. Operating costs increased almost 5% from $391 million to $413 million, which contributed to the operating income increase of 110% YoY from $39 million in operating loss to $4 million in operating income, which amounted to a net income of $19 million – a 118% increase YoY. Technical Analysis PLTR stock’s trend is bullish with the stock trading in an upward channel. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, RSI is approaching overbought at 64, while the MACD is approaching a bullish crossover. As for the fundamentals, PLTR stock’s main catalyst is the growing bullish sentiment surrounding AI stocks especially following NVDA’s Q1 earnings. With the company set to host its first AIPCon to showcase its new AI platform and institutions increasing their stake in the company, PLTR could be poised to reach new 52-week highs in the coming months. PLTR Forecast With its new AI platform – AIP – PLTR is entering one of the fastest growing markets at the moment with players like Google and Microsoft. PLTR also just came from its second consecutive GAAP profitable quarter, and its stock has gained more than 110% YTD. All of this combined drove institutions to buy more shares in PLTR which is a testament that PLTR is in the right direction. With the AI market’s continuous growth, PLTR is looking like an exciting prospect for the future.
NYSE:PLTR
by Penny_Stocks_Today
1
PLTR - Long Entry Zones & Possible Reaction Profit AreasHere’s what the RDTS is revealing for PLTR: Strategy 1: This move will most likely stall around 14-16 and spend 1-2 weeks in this range. From there it will roll over. Little tough to project where it will find “support” on the downside move. At this time we are preparing to start to DCA around 6-7. For it to get to this range momentum will have to shirt short, this will also cause the RDA to level out. Strategy 2 (aggressive) This strategy is based on the expectation that the value range between 6-11 is going to hold and the price action we see right now is a not a false break from this range. In this scenario, entries are at area 2 outlined on chart. If price does not reach the 15-16 zone then and pulls back then 15-16 is first target profit zone. If BIAS and MOMENTUM remain LONG then there are 2 ultimate targets. 26 and 29-30. From there I anticipate it will sell off fierce and hit 16 again. Timeframe for all these, who knows, we trade charts as they unfold. I’ll update if I enter a trade here and my trade management takes 20-30 seconds. The RDTS is a predictive always in trade system. We base our trades on the momentum of the market (white & orange) indicators thru rules reveals the momentum of the market. For BIAS, LONG or SHORT we use the RDA (yellow) . This is a free indicator you can add to your own chats. From there the RDTS is based on concise and clear price action rules. I can’t stress enough, the system is a prediction system, it predicts on a chart where to look for reactions. We trade around these reactions. Ask questions or share thoughts below, I will respond.
NYSE:PLTR
by RexDogActual
$PLTR NYSE:PLTR Currently trading above 50DMA/100DMA/200DMA ; Golden cross on daily between 50MA (orange) & 200MA (green); Fibonacci weekly retracement (ATH 45$ > ATL 5.92$) > 0.382 - 0.50 - 0.618 (resistances); Range breakout : 16th February highs (10.31$) & 13th March lows (7.14$) . Generated Fibonacci extensions to spot next potential targets (1.272 ; 1.618 ; 2.618); In case it pullbacks, bulls want to hold 10.31$ for the next push higher; Supports : 9$ psy level, 10.31$ (key level), 11.39 ; Targets : 11.39 (1.272) > 12.85/94$ (cluster zone/ 1.618 + 0.382) > 15.29$ (AVWAP) > 16.32 (50% weekly fib retrace) > 18.68 (2.618) ; ATH 2021 Anchored VWAP(white) at 15.29$.
NYSE:PLTRLong
by AquilaTrading
How to Get paid to buy stock w/ puts : Palantir (PLTR) exampleSelling or writing options on stock is a way to get paid to buy at lower prices. it is not risk free. But if you already want a stock at a lower price, its a way to get paid to wait and do so. In the video we look at selling a put at 6 strike for 21 cents (x100), so collecting 21 dollars for 600 worth of stock. Also, we choose our strikes based on valuation, not charts alone. Valuation is where we estimate the value of the business today and over time.
NYSE:PLTR
by optionfarmers
9
i.Wish PLTR pull back to $9Bank of America research teams continue to see Palantir (PLTR) among the top public players in the world of artificial intelligence (AI). The recent proliferation of generative AI and large language models (LLMs, like ChatGPT solutions) has fueled demand for enterprises and governments to integrate these solutions into business. However, these institutions usually have compliance, regulatory, ethical, legal, privacy rights, data security, and accountability/oversight requirements. From 20 years working with the CIA, Palantir is in a unique position to implement these new technologies in line with the requirements. PLTR recently unveiled demos for its AIP (Artificial Intelligence Platform). PLTR has shared that the customer demand response for AIP is unprecedented with over 100 Fortune 1000 companies interested. AIP will be rolled out this year to a select group of customers. However, there is no pricing strategy for AIP yet.
NYSE:PLTRLong
by KhanhC.Hoang
PLTR - breaking out from base PLTR had been basing in the past 1 year and is now attempting to break out above the neckline @ 11.62. During this basing, there were some strong volume accumulation in Feb and then again in May (both times earnings inspired). A breakup on strong volume is always desirable and increased the odds of a sustainable rise, with near term target @ 14.50 (and good odds to rise further eventually). Any near term retracement after the breakup should ideally not bring it back below 11.60, as this would affirm that the neckline has then become the new support as it begins to trend. Whether this will happen remains to be seen though, and a "breakup and retest" (if it happens) will offer a lower risk opportunity to Long the stock close to neckline with initial stop loss placed slightly below. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:PLTRLong
by Juliac
PLTR: is a new impulse starting?Palantir has been making big strides this year. Two consecutive quarter of GAAP profitability and finally an institutional grade purchase by Aark invest are very encouraging signs. The move from the bottom has finally invalidated the bear case today. Even though, there still hasn't been a clean 5 waves upward movement on the price action, it is looking like a leading diagonal start, potentially a wave 3 in progress at the moment. I am still on the cautious side but holding longs since $7.5 back in March with a target of $12.24 (getting pretty close to target). Watching RSI to spike up a bit more before I let go of the trade. I am not going to put any EW labels on this new uptrend just yet. I would like to see the price move higher to complete wave 3 and not break $7.1 on the retrace to wave 4; and put in another higher high to complete a 5 wave before another sharp retrace back to complete a larger degree 1-2 move. Right now I will try to catch the swings and mainly have options trades to generate the capital for a long term investment. When I see a full 1-2 swing, I will be very interested to put in some cash for very long term hold on PLTR (10 years and beyond). Eventual targets are something too crazy to mention at this time. There is no need to FOMO. This train will have a few more stops and plenty of space to get on board before it goes on express mode...
NYSE:PLTRLong
by mukit1
3