Stormy waters seems to be over for the stock after controversial and debated earnings report followed by expiration of lock-up period.
Palantir is much like Microsoft in 90s. Everyone understands the importance of data in the era when business is made @ the speed of thought. Harnessing the power of data, though, is not an easy task at all. There are a lot of players on the ground offering various solutions to mine, transform, analyze, represent and store. But I believe there are few that offer a solution which is powerful enough, yet allows the company to control its confidentiality. Not every company is willing to share it's learnings (i.e. allow AI/ML engines to learn based on their datasets). This is why I do compare Palantir to Microsoft (Windows, Office) solutions that came handy in early 90s and then gradually became standard tools corporate world operates on.
I am LEAP on Palantir with Jan 2023 options and long with stock position.
What I see in shorter term is a potential break-out from the downtrend since lock-up expiration point crossing the 0.236 fib-level @ 24.7. I expect first target of 32 to reach in mid-term (end of April) with potential of reaching 40.
Nobody knows the future. We only may put our assumptions and make our bets. Please make your own and share - would be good to read.
If pltr breaks 23.40 it will be in a downward trend.
23.40 is a major level for now. Rest is all speculation.
game_trader
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@Manu2ca, I'd take it 22.5 as major support level. If it breaks down, then it will move towards 20.
yet, I believe anything below 22.5 will be bought out.
Manu2ca
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@game_trader, Interesting, what makes 22.50 a major support? I think it was a panic sell with lockup expiration. Correctly it seems to be bouncing off 23.35-23.40?
23.40 is a major level for now. Rest is all speculation.