PALANTIR - Possible bear trap in progress? Hi All, my main 3 take-outs from this analysis are the following:
1- Despite the huge volumes in the recent drop, I personally feel like this might be a bear trap
2- Inside candle pattern which might mean reversal anytime soon
3- Big descending wedge on the daily chart with take profit projection at all time high.
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Bigdata
Covalent is a Hidden GEM?In 2021 crypto market, many sector such as Defi, Gamefi, NFT... all pump like a rocket!
And I think this sector - Web 3.0 / Big Data will moon soon.
I would like to talk about the hidden gem - Covalent (CQT)
What is Covalent?
Covalent provides a unified API to bring full transparency and visibility to assets across all blockchain networks. Simply put, we have a single API which allows you to pull detailed, granular blockchain transaction data from multiple blockchains with no code.
If we look for the CQT investor: BINANE LAB, ALAMEDA RESEARCH, COINBASE.... That's crazy!!!
CQT also support Multi-blockchain such as ETH, ETH L2, BSC, AVAX etc.....
And Look for the marketcap for CQT, Rank #537 in Coinmarketcap.
Current Marketcap: $60,958,042
Another similar token GRT, Rank #40in Coinmarketcap.
Current Marketcap: $4,489,035,775
CQT may bring 77x from current price....
I will keep holding my CQT which bought between $1.2 to $1.3.
For the TA:
- Fib 0.618 have strong support
- MACD almost change to green
- The ICO completed more than 4 month, the early investors from ICO may leave already....
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
PLTR Trending Towards Big MoveNYSE:PLTR
One of Americas favorite meme team leaders is looking to make a push towards 30... Will we see more fundamental mishaps that cause this stock to go down or are we going to see some legitimate price increases?
Buy ARKW $125 to $135! LT Play, 9:1 R:RHere is the weekly chart for ARKW, the ARK Next Gen Internet ETF
counting from inception, ARKW has completed a massive wave 3 followed by a deep wave 4 correction which means it'll have an equally powerful wave 5. Taking the equal legs target or wave 1 results in a 5th wave that does not cross the ATH, which means a true wave 5 should replicate the entire length of wave 3. In simple English that means Cathy's baby is gonna have another massive 2020 like move over the next year or so.
ARKW contains all the companies and technologies you want to be invested in over the next decade:
Tesla = EV's/autonomous driving/energy storage & generation.....will these technologies be more widely adopted or less?
Shopify = e-commerce/online store fronts/social media based sales....will these technologies be more widely adopted or less?
Twitter = digital home of presidents, countries, corporations and revolutions...will these technologies be more widely adopted or less?
Square = digital payments/wallets/crypto....will these technologies be more widely adopted or less?
Teledoc = centralized digital healthcare platform.....will these technologies be more widely adopted or less?
Greyscale = Bitcoin exposure/digital gold....will these technologies be more widely adopted or less?
Roku = Streaming media w/ Large scale creators.....will these technologies be more widely adopted or less?
Spotify = streaming media w/ small scale creators.....will these technologies be more widely adopted or less?
Twilio = Communication as a Service (CaaS) platform.....will these technologies be more widely adopted or less?
Coinbase = Most trusted and legit onramp for crypto....will these technologies be more widely adopted or less?
Take a look at these companies, their technologies, and the type of service they offer, and ask yourself....will these be more in demand over the next decade or less? If you dont think these technologies, these platforms are the future then you haven't been paying attention.
Now is the chance to get in on the FAANGS of the future. Imagine having invested in google or amazon in early 2000's. This is the last chance for a while (there will be one more i believe) to get in on this action. Dont worry about quarterly % increases and EBTIDA margins and blah blah blah....let cathy and the analysts are ARK worry about that. YOU should only focus on being a part of the trend that will define the future. If someone told you to invest in the internet in 1990, knowing everything you know now, would you do it?
So buy ARKW between 125 and 135, and thank me in 2030.
Why buy Palantir before it breaks out
Big data firms are the new social media platforms that see massive revenue growth.
The market needs to come to terms with the possibility that Palantir’s revenues can quintuple until FY 2025.
As the market understands Palantir’s long-term revenue and growth opportunity, the stock will appreciate.
I think this is the next company that needs to be added to the group of FAANG stocks. Big data analytics is big business for NYSE:PLTR as data volumes grow and more analytical capabilities are required to make sense of them. Palantir is set to grow revenues extremely fast over the next five years, and the stock is set to break out.
Their software is mostly used to analyze data and develop solutions to complex problems for businesses and governments that have to manage through tons of data… Palantir's software and predictive analytics capabilities can help predict COVID-19 outbreaks, analyze performance data, fight crime, assist companies with the migration of IT systems, support law enforcement, solve supply chain problems and support effective risk management practices.
One of the biggest entities that collect data are governments. They have endless databases containing information about their citizens, which is also why the government business is an important cornerstone for Palantir to leverage its growth.
Since government contracts are a lucrative source of revenue for Palantir, and the firm collected 56% of its revenues or $610 million from its government customers in FY 2021. In the 1st quarter 2021, Palantir saw its government revenues grow by 76% Y/Y to $208m, and it could crack the $1b annual government revenue threshold by FY 2022.
Besides still not being profitable Palantir's revenues are growing fast and have increased 84% from FY 2018 to FY 2020.
Their own revenue guidance appears to be carefully formulated as the company is still in a phase in which it enjoys revenue growth rates approximating 50%. These rates will normalize with time, but Palantir is set for a golden future.
Revenues could grow from $1.1b in FY 2021 to $5-$6b over the next five years, assuming gradually declining growth rates, which are historically validated.
As times goes by and customers, in both commercial and government area, experience Palantir's software platform, they tend to spend more money, which makes it ultimatly a trend in itself Instead of just signing on new clients and scaling, Palantir clearly has the option to maximize the customer lifetime value by increasing revenues per customer, which it does.
Revenues per customer increased a massive 29% Y/Y to $8.1m in the 1st quarter, which attests to Palantir's strong organic growth capability.
(Source: Palantir)
Potential Risks:
Since profits are still a thing of the future we should rather value them over expected sales than actual net margins. Also because the Plattform itself is so well programmed it will needs less R&D spending.
Another risk for shareholders touches on the subject of dilution. Palantir, as most tech companies, issues a lot of stock for compensation packages, which dilutes shareholders. Palantir's outstanding number of shares increased 80% from FY 2018 to FY 2020 and continued to rise in the 1st quarter 2021.
When the market understands Palantirs full potential and their recurring revenues YaY and that a government focus is a strength, not a weakness. Once the market does that, PLTR should break out and revalue higher.
#PLTR - Price heading to falling wedge resistance. Good momentumIt is pretty clear that Palantir is not a stock for quick profit. Its CEO also said this. It is not a 100m run, but it is a marathon. In my pinion we are in the middle of a strong rebound, also seen the volumes of the latest trading days.
The first target could be the 24$ area, which is the projection of the small falling wedge (in red) , broken with huge volumes n May 11th. Once the price will reach the 24$, it will be significantly above the resistance line of the larger falling wedge (in purple). This means that the rwach of 24$ would mean the breakout f the larger falling wedge, whose target projection will be the 31$ area.
This area is very delicate, as it has a big gap both in daily and in the weekly chart. It is true that the gaps are not always to be covered, but I would consider the possibility of it being covered as 99% probable, especially considering that gaps in TF like the weekly are very significant.
Once reached the 31$ area.. price has highways in front of it for a strong bull run.
Be patient...
Palantir breaking downSince PLTR IPO, the price has been ranging in 3 areas.
It appears we are breaking down from the strongest support (bottom on range 2), and will potentially enter the range 1. This level is also coincidental with 61.8% Fibonacci Retracement line.
I would be willing to enter a position for a long-term trade, if we can reach the high of the IPO, which is approximately $11
[30%] AION / USDTAnalysis :
- We break the canal -> bullish
- Above the Kumo, Tenkan, Kijun -> bullish
- RSI -> bullish
- old resistance = new support ?
- Target : 0.52$
- Risk / Reward Ratio : 2.45
the b[AI]te's weekly insights -- FFIV 2021-03-29center stage image
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our system found that FFIV received the best image over the course of last week.
comment image
we see a moderate positive correlation with our image indicator. We therefore assume that prices are driven partial emotionally as there is probably some other catalyst with regard to the company resulting in an uncertain pricing.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
the b[AI]te's weekly insights -- OTIS 2021-03-29center stage attention
stock
our system found that OTIS received most attention over the course of last week.
comment image
we see a weak negative correlation with our image indicator. We therefore assume that prices are driven by facts rather than emotions and reflect an accurate picture of the companies current state of affairs.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
the b[AI]te's weekly insights -- PVH 2021-03-22center stage image
stock
our system found that PVH received the best image over the course of last week.
comment image
we see a weak negative correlation with our image indicator. We therefore assume that prices are driven by facts rather than emotions and reflect an accurate picture of the companies current state of affairs.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
the b[AI]te's weekly insights -- WDC 2021-03-22center stage attention
stock
our system found that WDC received most attention over the course of last week.
comment image
we see a moderate positive correlation with our image indicator. We therefore assume that prices are driven partial emotionally as there is probably some other catalyst with regard to the company resulting in an uncertain pricing.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
the b[AI]te's weekly insights -- PVH 2021-03-15center stage image
stock
our system found that PVH received the best image over the course of last week.
comment image
we see a moderate positive correlation with our image indicator. We therefore assume that prices are driven partial emotionally as there is probably some other catalyst with regard to the company resulting in an uncertain pricing.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
the b[AI]te's weekly insights -- WU 2021-03-15center stage attention
stock
our system found that WU received most attention over the course of last week.
comment image
we see a weak positive correlation with our image indicator. We therefore assume that prices are driven by facts rather than emotions and reflect an accurate picture of the companies current state of affairs.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day. NYSE:WU
the b[AI]te's weekly insights -- TFX 2021-03-08center stage image
stock
our system found that TFX received the best image over the course of last week.
comment image
we see a moderate negative correlation with our image indicator. We therefore assume that prices are driven partial emotionally as there is probably some other catalyst with regard to the company resulting in an uncertain pricing.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
the b[AI]te's weekly insights -- PG 2021-03-08center stage attention
stock
our system found that PG received most attention over the course of last week.
comment image
we see a weak negative correlation with our image indicator. We therefore assume that prices are driven by facts rather than emotions and reflect an accurate picture of the companies current state of affairs.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
the b[AI]te's weekly insights -- FTI 2021-03-01center stage image
stock
our system found that FTI received the best image over the course of last week.
comment image
we see a moderate positive correlation with our image indicator. We therefore assume that prices are driven partial emotionally as there is probably some other catalyst with regard to the company resulting in an uncertain pricing.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
the b[AI]te's weekly insights -- MCK 2021-03-01center stage attention
stock
our system found that MCK received most attention over the course of last week.
comment image
we see a moderate negative correlation with our image indicator. We therefore assume that prices are driven partial emotionally as there is probably some other catalyst with regard to the company resulting in an uncertain pricing.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
the b[AI]te's weekly insights -- STE 2021-02-22center stage image
stock
our system found that STE received the best image over the course of last week.
comment image
we see a weak negative correlation with our image indicator. We therefore assume that prices are driven by facts rather than emotions and reflect an accurate picture of the companies current state of affairs.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
the b[AI]te's weekly insights -- AMAT 2021-02-22center stage attention
stock
our system found that AMAT received most attention over the course of last week.
comment image
we see a moderate positive correlation with our image indicator. We therefore assume that prices are driven partial emotionally as there is probably some other catalyst with regard to the company resulting in an uncertain pricing.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
Palantir, just wait the rebound It can go back to $ 33-35 on a bounce.
In a good support around $ 30.
NYSE:PLTR