PALANTIR is on a good wayIn the chart you can still see a breakout (attempt), which is now considered as "confirmed" for me.
I see a real bullish reversal trend if we see the scenario that I have represented with the yellow arrow. I am very positive about the future of palantir.
Palantir
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 mapping the current situation. What can we expect?Today, we will take a look at the 4HS chart on PLTR
Current situation: The price is below a Massive support zone now working as a resistance. This is a key level because we can deduce major directions if the price stays above or below the key level.
Bearish Scenario: If the price reaches the red line, we can expect a continuation of the bearish movement towards the next trendline, which is not something clear but, if we have to create a possible level to see some bullish pressure, we think that would be one.
Bullish Scenario: If the price breaks the key support/resistance zone and reaches the green line, we can expect either a direct continuation of the bullish movement towards the next resistance zone OR a throwback (retest of a key level after being broken) and a continuation movement towards the next resistance zone.
Thanks for reading!
We are doing well, but the moment is complex! What to expect?Ok, PLTR did a bullish harami today, just above the 20.80, and this confirms our main idea. Now PLTR is bullish again, and it is supposed to seek the 22 one more time.
If PLTR will break this resistance we don’t know yet, but I’ll keep you guys informed about the next steps. Therefore, remember to follow me!
Right now, we may see a correction, but the 21 is a support level, as it is the 20ma area.
The 4h chart indicates that we could see PLTR breaking the 22 in the next days, and it could seek the 24 next. Meanwhile, everything is going well with PLTR, and our trades are doing just great so far.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
What to look for on PLTR next week?Ok, PLTR broke the 20.80 as the advanced breakout told us it would, but the movement was too weak, and it closed at 20.75 (it dropped even more post market).
This shows that the bulls are as weak as the bears, but there's still hope for PLTR. If it does a good bullish candlestick next Monday, and close above the 20.80 in the 30min or 4h chart, it could trigger a buy.
The 4h chart has no relevant information, other than the resistance around the 22, that we are already aware of. In my reading, if it breaks the 20.80 for good, we'll see it breaking the 22 too. I'll monitor PLTR closely next Monday!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Moving according to the plan! What should we do now?As we expected, PLTR did a lateral movement today. We identified this thanks to the RSI divergence, but right now we have some hopes that PLTR will do something good next.
We nailed the purple area, and right now it has a chance to hit it again. We have an advanced breakout on the RSI, and if PLTR breaks the 20.80 it'll confirm our bullish idea.
The 4h chart shows how strong the purple area is, as it was a previous top at 22, and it is the 61.8% fibs retracement. If PLTR breaks this resistance, the 24 is the next stop for us. Let's watch the 20.80 in the 30min chart, as this will be our lead.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Good movements on PLTR! What to expect next?Yes, PLTR hit our purple zone today, which is a resistance area , and it almost hit the technical target at 22. The 20ma is a cool support for us, but since PLTR is too overbought according to the RSI , we must be aware of possible corrections.
There's nothing on the charts saying PLTR will drop, but still, we must be aware of this fact.
The RSI divergence worked wonders here, and it still could hit the 22, but we might see some correction in the 30 min first. After it breaks this purple area for good, the 24 area would be the next stop for us. We'll see how to proceed tomorrow.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
$PLTR #PLTR #PALANTIR - RocketIn long, this action is a rocket, because its growth is just beginning
PALANTIR - WHERE ARE BUY ZONES?You can see three buy zones in the chart. Palantir is currently located between several important zones. It is difficult to give a specific price. You can also divide your investment into 3 phases. Then you could build up positions at these points. But palantir is a long-term investment anyway. I don't think a few dollars matter.
So its also possible that this was already our low
#PLTR - Price heading to falling wedge resistance. Good momentumIt is pretty clear that Palantir is not a stock for quick profit. Its CEO also said this. It is not a 100m run, but it is a marathon. In my pinion we are in the middle of a strong rebound, also seen the volumes of the latest trading days.
The first target could be the 24$ 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...
$PLTR - More Bears than Bulls$PLTR 30 mins and daily charts suggest the price is currently at a critical median level. The price is *also* near resistance at around $20.15. Wait for confirmation to take either short or long.
One thing is clear though, we are about to see who is going to take over the control, Bulls or Bears.
Happy trading!
-- For educational purposes only. Do your own research before making investment decisions.
Technical Analysis of TOP10 Mentioned Stocks!Hi,
First of all, as always, I would like to thank you all for answering your favorite five stocks. Only YOU can make this series happening as good as possible, cheers!
It was the first of many, wasn't so popular as the altcoins series but still, pretty interesting stocks and interesting names on the top of the list. Looks like electricity still dominates the market :)
Here are the top mentioned stocks:
1) Tesla (TSLA) - is an American electric vehicle and clean energy company.
2) Nio (NIO) - is a Chinese multinational automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles.
3) Apple (AAPL) - is an American multinational technology company.
4) Alibaba (BABA) - is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
5) Amazon (AMZN) - is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.
6) Palantir (PLTR) - is a public American software company that specializes in big data analytics.
7) XPENG (XPEV) - a Chinese electric vehicle manufacturer.
8) Jumia Technology (JMIA) - an online marketplace for electronics, and fashion among others targeting several African countries. The company is also a logistics service, which enables the shipment and delivery of packages from sellers to consumers.
9) Coinbase (COIN) - is an American company that operates a cryptocurrency exchange platform.
10) Pinterest (PINS) - an American image sharing and social media service designed to enable saving and discovery of information on the internet using images and, on a smaller scale, animated GIFs and videos, in the form of pinboards.
11) JD.COM (JD) - is a Chinese e-commerce company headquartered in Beijing. It is one of the two massive B2C online retailers in China by transaction volume and revenue, a member of the Fortune Global 500 and a major competitor to Alibaba-run Tmall.
As promised, I will do technical analysis for top mentioned stocks. To be said, I will add some more, especially some stocks to my followers from Estonia.
Firstly, my technical analysis consists of buying opportunities from lower levels. I tried to identify some interesting and strong price levels which may play an important role in the future. Obviously, you should make your own fundamental research about the stock you want to invest in, and I'll just try to help you with technical analysis. The best investments consist of good fundamentals and good technical analysis. Technical analysis is like the cherry on the top of the pie, it helps to put your money to work for you as fast as possible.
Important to mention that these lower prices are zones, some of them are quite wide but still, it should give you a clue to where your eyes should be pointed. Also, some of them are quite deep but I don't care, I know that if the price reaches there I'm ready. Preparations should be done early!
Secondly, I tried to point out some breakout areas. Areas that are important to break before we can "sure" that the growth of the stock can continue. We don't buy randomly, we are smart, we want to make sure that our investment starts to work as fast as possible, we don't want to guess. So, the breakout possibilities are the key to higher prices, let the price show us that it is capable to go higher, as said we don't guess, let the investors show that they want to pay higher prices to buy the stocks.
Ready - set - GO...
1) TESLA (TSLA)
The current price action shows that the strongest zone to keep an eye on should stay around $450. A lot of strong criteria matching inside the shown area!
2) NIO (NIO)
A bit riskier than Tesla but technically around $25 your alerts should be set. A bit strange PA, it can fall even a bit lower but I'll try to keep you posted! Something good from fundamentals will help ;)
3) AAPL (APPLE)
After the break below the black trendline, the price can reach as low as $100, if you still wait for a bigger correction then $80 is also technically a great spot to grab it. Usually, these top market cap stocks just don't correct too deep, they are always too expensive - but good things are usually expensive ;)
Buy the strength after the price of Apple has reached above 145-150 and you can grab it during the retest, as shown on the image.
4) ALIBABA (BABA)
After quite a bad recent fundamentals, the price of BABA taking some hits but it has reached an interesting zone. The zone is quite wide but if you are looking to invest in BABA then technically the zone in front of you!
5) AMAZON (AMZN)
Buy the strength after the new ATH and you can jump in during the retest. The lower level is far far away from the current price. As said, preparations should be done and this is the zone from where I'm interested in it. I don't care when and why it should go as low as $2000 but I know that if it goes I'm ready!
6) PALANTIR (PLTR)
The "safest" way is to buy the strength. If you are waiting for lower prices, yes you can get them but technically there isn't much to support the price. Only around $15 something tiny but in general cannot recommend any price levels lower than the current price.
Let the investors show you that they are interested in Palantir, let them "risk" and drag the price above $25, you can step in after that confirmation during the retest! Let them risk?! Risky, because $22 to $24 can play as a strong resistance and your investment may get stuck for months/years. As said, we need to put our money to work from high-probability areas.
7) XPENG (XPEV)
Trading inside the buying area! I don't know almost anything about XPEV fundamentals BUT if you know, you have done your research, and if this matches with my TA then go for it!
8) JUMIA TECH. (JMIA)
Quite a good rejection from strong support area which previously was resistance. A lot of buying power, wait for a little throwback and it should be technically a great investment.
9) COINBASE (COIN)
There is no point to do TA. because we just don't have enough history for proper analysis. Only zone what would be interesting, 50% drop from the IPO and that means buy it around $190 ;)
10) PINTEREST (PINS)
Keep an eye on $33- $45. Clean, simple, and strong! Just be patient!
11) JD.COM (JD)
Keep an eye on $45- $56. Clean, simple, and strong! Just be patient!
Hopefully, you got something from this series. Do your own fundamentals and if this matches with my TA you are ready to go!
Invest like a sniper, not a machine gun. Everything comes to you at the right moment. Be patient! Pick very carefully and trigger the kill shot!
Have a wonderful weekend,
Vaido
$PLTR $170 PT?!?! Technical Analysis Breakdown! 5/14Video breakdown on $PLTR after some heavy PT raises. Also Cathy woods with the lead buying finger.
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
PLTR - We can see a possible Support!Terrible month for the tech sector and the whole market. After staying as a favorite pick for many thanks to the support from Cathie Wood as well, Palantir was a one-stop to go for the investors. However, now it is one of the most negatively affected stocks that lost a good amount since the recent recession in the tech sector. But here we are, at a strong support point standing at 18.00.
-What now?
We see possible 2 supports that can bring the PLTR back on track again. One at 18.00 and the second at 14.00. Well, hopefully, we won't see it dropping to the 14.00 but it looks like these 2 points are the only way out of this situation.
$PLTR TA ElliottWaves Inverted Scale, have we bottomed?This is my ElliottWaves Count for $PLTR on an inverted scale, I count 4 sets of 5 corrective waves.
What do you think?
MY MINIMALIST CHART ANALYSIS FOR $PLTR$PLTR - PALANTIR
ON A DAILY CHART
5.5.21 2217H +8 PACIFIC
PRACTICE MINIMALIST ANALYSIS FOR PALANTIR
MY TARGET FOR ENTRY AND EXIT (SWING TRADE)
Note: That this is not a finincial advise.
PLTR - Rise to the Top of the ChannelHello everyone,
I hope you are all doing well!
In this analysis, we have are moving inside a huge channel and are currently at the bottom.
We are sitting on a KEY SUPPORT that I beleive we are going to hold and go to $31.
There is possibility of more bad news and break lower. The lowest point would be between $16 and $14 and from then on, we would rise back up to touch the channel once again and most likely break it.
Currently, only 3.43% of the shares are in profit. Think about how the BIG hedgies would react to being at a Loss, would they Sell or Doubble Down and Average Down their position? These prices are a steal to have for Long-Term investing and 96.57% are bought higher than you would buy now ;)
Controlling your emotions is one of the key elements in being profitable in trading and now is the time for the market to test your control. Do not panic sell as there has not been any funadmental changes in the price to bring it down as much with the company, the investment funds are currently in Crypto, so that is why we have fallen so much. As soon as Crypto dies, the funds will flow back.
Thank you for the attention, I wish you an amazing Friday!
Not to the moon but to the core of the earthOverall downtrend, break of baseline PLUS breakout out of triangle formation. I got one word for you: SHORT. Target zone: core of the earth.
