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PALANTIR ON AN INCREDIBLE BULLRUN ! BUT... But be careful—this does not justify the price at all. Although Palantir has very solid numbers in its balance sheet, this does not justify a valuation at such an overvalued price could be very dangerous ! We must consider that markets in general are bullish, and the results of the latest report recently showed that it remains a very solid company in terms of sales. However, its earnings numbers are average—they meet analysts’ expectations, but by a very narrow margin. Historically, this has been the case in past reports as well. Now, let’s get back to the technical analysis of Palantir. After its report, it managed to break through that institutional zone that marked its peak 3 years ago (2021). After bouncing off the imbalance for a second time, Palantir showed a lot of strength and reached new highs. From here on, we just need to wait for a pullback soon to start analyzing a possible support level. Right now, Palantir is in no man’s land, which makes it a bit difficult to predict its next move. The only thing we can do here is to follow its movement candle by candle, staying alert to wicks and immediate zones where it might pull back. Thank you for supporting my analysis. TRADE SAFE!"
PLong
by RocketMike111
Google is Taking a Break and accumulating for the 2nd run !Google returns to the inflection zone we had previously studied. This is good news because, after pulling back, we got a bounce in the same inflection zone. What does this mean? It means that the price is more than ready to continue its upward trend; however, it is just forming an accumulation pattern, where it could resume its upward movement at any moment. Key points to follow: Markets, in general, are bullish, and we are in a week of high market euphoria, which could support the price to continue rising. Google continues to report positive news within the company. Google’s prices have increased, indicating that higher figures may be reported in their next earnings report. In my opinion, Google will remain in an accumulation range this week—it's a pattern where the price will hold steady this week before its next bullish run. Thank you for supporting my analysis. TRADE SAFE! Best regards."
NASDAQ:GOOGLLong
by RocketMike111
Hey SPYLOVERS ! Enjoy the Bull Ride !!!! Election Week and Interest Rate Cuts Did Not Disappoint Us at All The truth is, it was a very difficult week to predict price movements. However, out of the two possible scenarios I shared last week, Scenario #1 was the winner, and it was the one I had the most confidence in! At this moment, the price is in "no man's land," meaning there is no historical price data on the chart where we can find a level for the price to hold or replicate its movement. In this case, I believe that, from here on, the price will move based on upcoming economic news or as we approach the date when President-elect Donald Trump will officially become the President of the United States (POTUS). Let's enjoy this bull run that is happening—these are important times for the country, and we need to take advantage of those swings! Best regards, and thank you for supporting my analysis. See you next week!
AMEX:SPYLong
by RocketMike111