PLTR stock was bought by ARK! where stock price go? Palantir (PLTR) we missed you in action in the last month and a half... I covered what the company does and how in the previous idea I wrote in Nov -link here
So Palantir acquired new contracts in the health sector last month and as it seems now – their technology can integrate in any major corporation and improve efficiency dramatically.
This means that Palantir will acquire new clients organically based on user experience that is proving as very efficient and successful – which is the best advertising you can ask for 😊
Shares of PLTR were acquired last night by the notorious ARK invest – they bought 497,100 shares exactly and this is the first time the company is acquiring PLTR which means to us they believe in the company but more importantly, they think the stock price is reasonable if not underpriced!
So, let’s go on technicals – this one is pretty easy and clear
• We had an impulse wave that took the stock above the 30$ line.
• Once wave ended and people abandoned the stock it dropped to 24$ line
• Now we see in the last month it formed a sideways trend between 24$ to 28$
• After ARK news I expect the stock to go to the 28$ line and retest resistance – this will be our first target
• Second target will be breaking through the 28$ and giving us a high on the 31$ line – touching previous resistance
• Third target will be after breaking the 31$ and going to 34$ where we have our highest high and doing accumulation on that level so the stock can potentially break out to new highs – even 40$, we saw the SAME exact behavior on JUMIA this month and it eventually broke out
If all targets are achieved in the upcoming week or two (the market is very fast these days) then we can aim to take some profits at 40$. if we see the PLTR dropping to the red zone on the chart at below 24.00$ we can assume this analysis is canceled and should be ignored
We at FDGT truly believe Palantir has a lot to offer and their product is going to disrupt technology and innovate it to new levels as artificial intelligence is here not just to stay but to take over and companies that will not combine artificial intelligence in their software will fall behind, so this is only the beginning of PLTR , and we are very bullish on this stock in the upcoming years
Closer look (1H chart) :
Please remember to do your own due diligence, we are not certified to give any financial advice.
Happy Friday !!! trade safe
ARK
Alpine technologies -one step ahead of the drone market!Let's analyze ALPP – Alpine 4 Technologies – this stock has been making big waves and still haven’t hit the mainstream eye of the common investor. So what do they do? many things such as sheet metal manufacturing and other things but we are not here for that we are here for ONE reason – DRONES !!! if you are not in the loop – drone technology is coming in and it's coming in big! from autonomous deliveries to city surveillance and even to Army and espionage missions – what can be better than sending an unmanned vessel to get footage in hostile areas. Drone technology is already being experimented in china at the highest level and the US FAA is now passing new regulations in favor of drone technology as a part of “catching up with the previous highest high”- hope this sentence doesn’t upset the readers but it is true – China is leading in drone technology on the USA at the moment. Alpine bought several companies in the drone sector and one of them is “Impossible Aerospace” which makes high-performance drones, and the company is led by Tesla’s battery developer Spencer Gore. Alpine also bought Vayo this month (January 2021) which is another drone maker and it seems as Alpine is creating a high-level drone environment where almost everything is manufactured “in-house”. If we consider ARKX space ETF that is coming out and stated by Cathie Wood to have drone tech stocks – this stock can have a lot of potential upside room
Let's look at the Technicals :
The stock has begun rallying up in December from 0.6$ all the way to 4.7 in 18 days – that is a 700% rise !! so obviously what we wanted to see is a massive correction to say this is a healthy trend. We got a correction to the 50% line with accumulation happening between 2.3$ to 3.2$, so what’s next?
1. According to volume analysis and market cycle analysis the stock needs to give us a bit more on the downside to reach 3.13 or so and that’s when we know we are looking at the upside move next.
2. From 3.13 to 3.7 we need to see a zigzag formation (accumulation of orders and new options), this will be fairly fast in my opinion considering the hype on ALPP is rising every day.
The break out from this stage will end around 4.5 to 4.7 which is the highest high.
3. From here it will stall a bit and accumulate to the 5$ mark again in a zigzag formation and it will rise to the next target which is above 5$ - eventually touching the 6$ line.
This is basing on the fact that the first motive wave has ended on Dec 28th and the volume has significantly decreased showing us the “herd” effect of investors pulling out at this high. So after we get our full correction done we can expect a new motive wave that will end in my opinion over 6$.
The company has a great product and well-positioned in the drone race that we at FDGT are very bullish on it.
Wishing you all to be safe and trade safe.
SRAC soon Momentus upside potentialMomentus is currently trading through Stable Road Acquisition under the ticker SRAC.
Momentus says it is the first company offering the infrastructure that will allow humans to flourish in space. These infrastructure services include last-mile satellite and cargo delivery, payload hosting and in-orbit servicing. In other words, Momentus wants to make space missions as easy as possible. Through a satellite-as-a-service business model, or what some call a space tow truck service, SRAC stock promises to capitalize on the growing space economy and be one of the best stocks to buy in 2021. (investorplace.com)
I expect a retracement before another leg up, but the upside potential including that ARK space ETF is there, if you want to enter early.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
UFO ETF -space stock rally on ARK X newsSpace ETF (UFO):
The UFO is a space-related stocks ETF, it is traded 1.2% down yearly.
3 Month Avg Volume 38.1k
1 Month Avg Volume 78.1k (2X)
Biggest holdings:
(Name / % ETF position size)
1. IRDM 5.95%
2. ORBC 5.66%
3. MAXR 5.30
4. TRMB 5.29%
5. LORL 5.02%
If we break the rally into the Eliot impulse wave we can see :
1 Stage:
The first rally started on Nov 2nd after it bottomed down to 21.10$ and went up 9.6% to 23.13. which tells us the space stocks started rallying before the ARK X official announcement and is probably related to Cathie Wood mentioning it in a previous interview and also smart money getting in first on the move.
2nd Stage:
Went up 11.5% (25.84$) in mid-Nov to mid-Dec, in a 3rd wave in the impulse wave (3rd waves tend to be the longest ones), followed by a fourth wave -correction wave that tends to be the stronger one of the two(2,4), price traded lower (24.87$).
3rd Stage:
Price rose 5.8% (27.40$), News of ARK X the space ETF came out.
TOTAL MOVE is 30% in about 2 months
The ETF has finished its first impulse wave and we will see more upside in the upcoming months a lot of it because of ARK’s announcement and the simplest way to enjoy the space stock rally would be to hold this ETF until ARKX is public and tradeable.
PLTR EXPLODING TOMORROWThis is a classic bullish pennant. Today the price dropped to the low end... I was planning on buy a call option tomorrow morning around $30 strike. With PLTR in the red, the options would be even cheaper making me a genius ;)
Unfortunately for me, the queen Catherine Woods bought PLTR after hours, and the price is just about to hit the top end of the pennant (current price at time of writing is $26.61).
Tomorrow morning, during Pre Market & at the Open, PLTR will explode and hit AT LEAST the peak of the impulse move that formed the pennant ($33.50). Posting this now so I have a reference I can show people when I tell them I can see the future 👀
Tomorrow morning wallstreetbets will be exploding with a bunch of 🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
BNGO! Nasdaq Compliance #BULLISHAs a lot of people here know, Cathie Wood, CEO of Ark Investments, has been waiting to invest in BNGO. Tomorrow is the Nasdaq Compliance date. This means Cathie Wood and various institutions can finally invest in the stock. I got a pretty large position around $4.5, and I'm not selling below $10-$12.
SKLZ - 2hr updated chartEntered calls on 01/11. Watch for breakout as cup and handle is forming and appears to be gaining momentum.
DONT FORGET - ARK bought a TON of shares just last week. This stock is worth keeping in the portfolio or as I am playing, buying leaps/long calls.
$SKLZ $SPAC $ARK $ARKQ
APXT - UP up Up 🚀Looking like an easy trade here. Building higher levels of resistance, and at a good point in the channel. Already own some, picking up more for sure. Also a part of the ARK investment portfolio.
ARKG potential head and shoulders formingI am not one to speculate on future pattern formation but I am on the watch for a possible head and shoulders forming on ARKG. The pattern (if it ever forms) is missing the completion of the right shoulder so for now I will just wait calmly and see how it unfolds.
The Stochastic and RSI are curling up, which could propel a price increase in the short term (and form that right shoulder if the price retraces from the push up).
If the pattern does form don't hesitate to take your money off the table. H&S is one of the most reliable patterns and breaks out most of the times (in this case, to the downside as H&S is a bearish pattern). It would probably not be the cleanest textbook H&S but it would still fit main the criteria.
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***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.***
Oversold: if recovers will gap to $180As you are no doubt aware, Splunk posted disappointing earning and is up against stiff competition in it’s primary revenue. However, this is a technical analysis to highlight a couple of point aon why I’m watching this stock.
Look at the gap! When considering the data from November onwards, we see a huge gap up last month and a huge gap down just last week. That means there’s potentially for a smaller gap back up if the stock stabilizes, accumulates, and tried to breakout.
Stabilization It’s beginning to stabilize with volume at it’s current level, having good give and take. It’s quite possible it will begin to rise and if so look out above.
In summary, I think there’s an opportunity here. I’d be uncomfortable taking it without considering their fundamentals, so be sure to do your own due diligence before making a decision.
ARK/BTC Local work. Past idea +140% +140% +125% +100% +80%ARK / BTC Local work. Excessive volatility due to low liquidity and ease of price management. Since the publication of the trading idea for this coin, the profit has been: + 140%, + 140% + 125% + 100% + 80% (the real profit from these movements, taking into account weak liquidity and problems with buying / selling in one price zone 40-60 %, an exception if you work with a penny trading amount).
The chart shows potential reversal areas. The second entrance area is preferable if there is one.
The coin is not designed to work with a large amount of money, as the liquidity is low. Suitable for people with a small deposit, but with a head on their shoulders. You can see that the volatility is very high, but that also means that there are big risks. Working with classic Stop-Loss placement - kills your deposit. The Stop-Loss setting is suitable here, as I wrote in the article about this. Such work with Stop-Loss is not even just suitable, but ideal, since you can also make money on knocking out Stop-Loss to the main crowd. Also, such work with Stop-Loss protects you from a real trend reversal if it happens.
Past trading idea for this trading pair:
ARK / BTC Local Expanding Triangle. Potential + 140%
Result. The first price move, as I described, is + 140% And the price is an exit from the downtrend (breakout of the main (long-term) downtrend line).
Price movement in an upward local trend. + 140%, + 140% + 125% + 100% + 80%
Also a new zone of price reversal which has given + 80% now already.
+ 80% from the price reversal zone.
Ark Can Do 3,700%+ Long-Term... Easy 90% Short-TermARKBTC is one of the altcoin pairs that can print astonishing growth... I am looking at 3700%+ in potential profits...
Chart below:
Now, it is good to go one step at a time.
We need plenty of time before 3,000% can be achieved, many months or even years but we can easily collect 90% short-term...
Let's read the chart!
We have very strong bullish divergence with the MACD and RSI, really strong.
We also have prices moving above EMA10/21.
Any trading above the purple trendlines and this chart analysis remains valid.
Conditions for change
If prices break below the red dashed line, the analysis is invalidated and a new one is needed.
Feel free to leave a comment if you have any questions.
Share & like to show your support.
Namaste.
NNDM almost hit our targetHello my friends and long time no see. I have personally sold out of nndm and didn't catch our move to the upside with is almost hitting our target in our last TA. This TA/Idea is going based on what the graph shows, so no news.
News
Well I'm not lieing about any news cause I'm not gonna read it, but ark has invested into NNDM , which caused it to almost hit our target. Ark is probably the best company to follow and them investing in a penny stock shows its not a penny stock to them and has potential.
-Earnings coming up, so it will be interesting to see. If you have any news that might come out it will be great. Again I suspect them to beat earnings, but a pull back before will be a buy imo
-elections results still going on with recount, but won't hurt nndm since space is going private
TA
-MACD is bullish, but can turn over
-RSI is overbought
-A retracement to 3.54-3.64 is on the table before moving higher. Also if we break above 4.10-4.20 we could suspect to go create higher highs with 4.09 being our resistance point.
-High vpvr from 3.80 and up, which is bullish
Final Thoughts
I personaly did sell and been leveraging on bybit for bitcoin, but I did buy the 7.5 may 2021 call and up 44% and also some shares. I would buy more shares, but my RH account is locked cause I accidentally used the wrong bank to deposit money, so I have to wait till funds are settled. Till then I'll watch for a pull back hoping I can buy.
Ark (ARK) - September 12Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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The area below the 0.34815620 point is the section that formed the bottom as a mid- to long-term investment area.
Therefore, you need to make sure you can get the support at the 0.34815620 point.
We believe that further gains can be expected if the bottom line is formed, but only supported by the uptrend line (1).
By touching the uptrend line (2), I think you showed your willingness to rise.
Accordingly, it remains to be seen if it can rise above the uptrend line (2) and above the downtrend line (3) around September 30, with support above the 0.34815620 point.
You should also check if you can get support at point 0.44963448.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Ark Uptrend Continues, 175% For Next TargetHere we have the weekly chart for Akr (ARKBTC), notice we have a clear ascending channel.
We are seeing a strong bounce now after a higher low... Looking at how the altcoins are doing, we can expect ARKBTC to resume its bullish growth.
The next target is mapped at 175% from the current price.
Namaste.