Palantir, a real reason to be bullish (for once)
Ask any PLTR shareholder what bothered them most in 2021 and almost all of them will yell in unison - "SHARES BASED COMPENSATION!" They have a right to be upset. Nearly a billion extra shares hit the public float as company execs effectively flooded the market with them for pretty much the entire year. I can't necessarily blame them, as they were likely options that had to be exercised by a certain date and it's just part of how growing companies have to lure in new talent- offering stock. Nonetheless, LOTS of people are quite jaded by the whole ordeal. It doesn't make you feel great as a shareholder to know that the company execs are raking in tens of millions of dollars while simultaneously diluting your share value.
Well, here we have the first evidence I have found that not only has that subsided - it reversed! I am short term bullish PLTR to close the highlighted gap, but I am also thinking about putting in a longer term stake based on this finding. We can use all sorts of indicators, trend lines, patterns, etc to prove or disprove a belief in this polarizing stock Palantir..... but this is perhaps the single most important bullish "indicator" I have found. I truly believe if this trend keeps up Palantir has almost certainly already put in a long term bottom and accumulation has already began. With that being said, keep your stop losses tight if you're a trader and rather loose if you have a horizon of 1+ years. I can't fully get on board almost any individual security right now until I have more confidence in the macro indexes which are being battered with bad news from all sides. But when I do flip to full-bull, PLTR will be one of the first stocks I'm going to load up on.
Well, here we have the first evidence I have found that not only has that subsided - it reversed! I am short term bullish PLTR to close the highlighted gap, but I am also thinking about putting in a longer term stake based on this finding. We can use all sorts of indicators, trend lines, patterns, etc to prove or disprove a belief in this polarizing stock Palantir..... but this is perhaps the single most important bullish "indicator" I have found. I truly believe if this trend keeps up Palantir has almost certainly already put in a long term bottom and accumulation has already began. With that being said, keep your stop losses tight if you're a trader and rather loose if you have a horizon of 1+ years. I can't fully get on board almost any individual security right now until I have more confidence in the macro indexes which are being battered with bad news from all sides. But when I do flip to full-bull, PLTR will be one of the first stocks I'm going to load up on.
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.