bishopknight

PLTR - Short Term Profits by Mid January

Long
bishopknight Updated   
NYSE:PLTR   Palantir Technologies Inc.
Simple bet I'm making here, some technical analysis involved by also a gut call based on fundamentals, above 50ma on hourly and approaching 200ma, approaching 50ma on 4hr, reversal on the daily, possible retest of previous resistance before going down further or a continuation up. Either way I think we could see this upside first.

I don't have a crystal ball, or a Palantir, but I'm going to take a risk of 3-4% for 6-7% profit at this level.

Fundamentals look good along with the new Skykit announcement. Would be surprised to see things start looking better, only thing really holding PLTR down is the market in my opinion, so if we have a green day on the market, I wouldn't be surprised to see Palantir top that.
Comment:
Targets hit. Sold the initial jump since it rose so quickly and rebought around $6.34.

Great trade to start the year.
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.