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Palantir

PLTR break below support 29DEC202029DEC2020 saw a broader market sell-off, unsure if this was larger institutions securing end of year profits or market-wide correction from recent days exuberance. Monday's market open saw an immediate meltdown and began this bearish channel and Tuesday saw us drip below our $25 support zone. The 9 day MA trading below the 20 day MA suggests to me that this bearish trend will continue in the short term. PLTR is currently bouncing off the lower band and against the upper boundary of my descending wedge, I think the next pop is going to be volatile. With RSI @ 36, we're not quite in the oversold territory. If at market open there's not a lot of buyers, I believe that we'll probably gap down to the $20-$22 range. To counter my thesis, I'm just an idiot on the internet..... No no, but seriously, one thing to note is that post Xmas volume has been notably lower than our average daily volume; this bearish pattern could be quickly invalidated with some strong buy pressure. Personally, I think the trend is pointing that we'll finish the year below $25. This doesn't really bother me much because in the near term we have 2 catalysts dates in January and hype leading up to their earnings call on the 11th of Feb. By no means is this trading advice, I'm simply sharing my thoughts and opinions on the story I think the charts are telling us. I'm still a learning trader and welcome feedback and criticism, feel free to drop a comment.
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by ericmichael86
$PLTR Strap in. Massive bullish wedge.The previous symmetrical triangle isn't yet fully invalidated but may soon be invalidated if we don't go back into the range/if the dip is not bought. 1) If the symmetrical triangle gets invalidated we're in for the long run till march where a large bullish wedge is forming. This means we'll be trading within 21-24 max until march where a breakout to the mid/late 30's should happen. 2) If the symmetrical triangle holds, we could see 33-37 as early as January due to hype for the demo dates. 3) Earnings looks like they will be very close to 0. Due to some contracts gained and some contracts expiring for PLTR, the EPS looks like it will be between -0.20 and -0.10 due to ad campaigning expenditures. If this wasn't a thing, we'd be much closer to 0 earnings and maybe positive earnings. Palantir will need at least 1-2 more quarters before significant earnings start coming in. tldr: We're in for the long hold.
PLong
by leenixusu
3
$PLTR - Demo date & Symmetrical Triangle - Bullish-7'th Jan is the first Demo date for one of the Palantir Products. -11'th of Jan is the end of the symmetrical triangle we're trading in. Symmetrical triangles are typically bullish. Play #1: If Palantir is as strong as we think it is, there could be bullish hype buildup before the demo. Buy before the hype buildup and sell before or during Demo day to lock in easy profits. This way you avoid risk if the demo is not well received. Play #2: Buy before demo day and hold through Demo day. If the demo is well received, you should receive extra profits by selling after the demo is complete during the same day or up to 1-2 days after the demo. Based on past experience with bullish wedges, the bullish symmetrical triangle should indicate a breakout between the 5'th - 11'th. It's best to be in PLTR before that at a nice low average of 27-28. Anything more and you're looking at a short-mid term hold before you break-even.
PLong
by leenixusu
2
Palantir trading on a rangePLTR formed an ascending triangle but failed to breakout to the upside. It is still respecting the recent support at around $26.10 though, which is good for the bulls. There is a narrowing of the Bollinger Bands on the 1hr and 4hr charts, which could signify a potential breakout to either side since the candles seem to be ranging around the moving average. MACD and RSI are in decline but the RSI is still above 50 and it seems the distance between the MACD MA and signal are narrowing. In summary, there is no clear direction to PLTR in the short term. Maybe a piece of news is what we need to shake PLTR to either side. I am leaning to the bullish side. ***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.***
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by Safe_Trades
Palantir ready for takeoff?Team, Hope you are having a wonderful December to remember. Since our extended move last Monday Palantir has been retracing back to the 20 day moving average with strong resistance at $28.40. We were unable to break that level for four days so we had to flush some people to get back to green. My expectation is going into Fridaywe will retest that level of $28.40, fail and retest to blow the shorts back to $29+. I am not a magician however I can state my thoughts on what I expect. Take it for what you feel it is worth. As always, wish you the best of luck. If you enjoyed this video and my written summary please hit that like button! NYSE:PLTR
PLong
by cazmuh
2
BUY THE DIP | Palantir To $100Palantir Stock Looks Attractive At $9 <-- TECHNICAL UPDATE = BUY THE DIP... Palantir Stock Looks Attractive At $9, But There Are Two Key Concerns Palantir’s Increasing Exposure To Government While Palantir’s Revenues expanded by about 24% in 2019, growth is likely to pick-up to levels of over 40% in 2020 as Covid-19 related disruptions increased demand for the company’s services. Much of this growth will likely come from the Government space. Over H1 2020, Government Revenue expanded about 76% year-over-year, while its Commercial Revenue grew by just 26%. The higher government exposure – particularly in areas related to surveillance and national security – comes with transparency and perception issues – which could put off software investors. That said, Palantir still has a lot of scope to grow in the Commercial space, with its total addressable market standing at about $56 billion. Investors could re-think Palantir’s valuation if they see more proof points indicating progress in the commercial sector, via high profile deals or stronger Revenue growth. Palantir Can’t Scale As Seamlessly As SaaS Stocks Investors aren’t treating Palantir like a Software as a Service (SaaS) stock. SaaS companies incur upfront costs to develop and maintain their products, but they can scale-up seamlessly to a large number of users and have low customer acquisition costs. Palantir’s software, on the other hand, requires a lot of customization by Palantir engineers to adapt to the unique needs of customers. Its user base is also concentrated (125 users as of 2019.... Continued in related idea below! DCJ | Going Long On PLTR Oct 6: 200 shares @ $9.67
PLong
by DotcomJack
8
$PLTR SELL-OFF SUPPORTED BY NO RESEARCH... MAJOR SQEEZE SOONPalantir sees itself targeted by two highly publicized names in the Stock Industry.... Citron Research... Keyword "Research". Morgan Stanley... High surprising, truthfully only quoting Citron... Both of which provided no support or research for their short stances other than... the Government contracts are "baked in"... Which is completely untrue. Images have popped up showing Citron has been buying and adding to their position of Palantir... Which is highly questionable... SEC... hope you see this... Anyways, Palantir is supported by both the Government and Industrial sectors. Palantir has shown major importance in countless tasks such as the DoD with military/intelligence operations, White House - Team Warp Speed in COVID-19 Vaccine and Tracing, UK COVID Tracing, etc... Palantir's history is abundantly clear... Showing that major growth is inevitable. These research firms are just attacking to get their piece of the pie. It's officially below the 100MA line and about to bounce off of the average growth line since the upward reorientation... Squeeze incoming. Expect it to return about $25 shortly.
PLong
by AlexCutler247
8