$PLTR | Allocation | Buy Limit |
Technical Confluences:
Fundamental Confluences:
-----
This counter is a one that I had enter prior to this as shown.
The story for
PLTR in the data analytics field is something that must be held in a long-term portfolio.
At the moment, I don't seePLTR 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.
-----
- 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 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)
-----
This counter is a one that I had enter prior to this as shown.
The story for
PLTR in the data analytics field is something that must be held in a long-term portfolio.At the moment, I don't see
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.-----
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 information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.