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Palantirtech

PLTR asking for the 4th time; price is in a tight squeezeHello my dear padawans. Let's talk about our beloved PLTR. The price headed against the $26.6 resistance today for the 4th consecutive time. It broke above in what seemed to be a breakout but volume was not on its side and the price was pushed down again. The current candle is not what you want to see if you own the stock. It shows a lot of sell pressure around/above the $26.6. On the positive side, the moving averages (the 14 ema specifically at this point) have been supporting the price and moving up. The result of these opposing forces is a very tight price squeeze between $25.5 and $26.6. The bias is still bullish (continuation of the previous trend--see my previous chart for more technicals) but nothing is guaranteed in these markets so you need to exercise patience, discipline, diligence, and suppress emotions. That's the path to becoming a jedi investor. As a side note, keep in mind Impeachment trials started today (again) so the market is pretty flat. The technicals remain the same. Safe trades! Share the love: If you get anything out of this TA, please like chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways. Follow for more: I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot! ***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
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by Safe_Trades
7
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.***
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by Safe_Trades
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
PLong
by DotcomJack
8
$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.
PLong
by AlexCutler247
8