Long
$PLTR | Allocation | Buy Limit |
Technical Confluences:
Fundamental Confluences:
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This counter is a one that I had enter prior to this as shown.
The story for NYSE:PLTR in the data analytics field is something that must be held in a long-term portfolio.
At the moment, I don't see NYSE:PLTR breaking up above the 3 resistances and am expecting a reversal which I will place Buy Limit orders (as shown) to allocate more into this stock.
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- Price is in Overbought conditions in the Weekly Timeframe (Will take time to play out)
- Price action bounced off 3 Resistances; Horizontal Trendline, top range of a Parallel Channel and the top of a Supply Zone
Fundamental Confluences:
- PLTR's specialized software platorms that are complex yet scalable in it'sdata handling capabilities gives them their edge
- Competitors have yet to catch up to NYSE:PLTR's advancement but competition is starting to build against them from other big tech firms
- The growth potential in data analytics is massive and it has not include massive global expansion
- A large portion of their revenue depends on government contracts which is stable but is susceptible to any changes in government and their policies (something to watch for)
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This counter is a one that I had enter prior to this as shown.
The story for NYSE:PLTR in the data analytics field is something that must be held in a long-term portfolio.
At the moment, I don't see NYSE:PLTR breaking up above the 3 resistances and am expecting a reversal which I will place Buy Limit orders (as shown) to allocate more into this stock.
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Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
Disclaimer
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