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PALANTIR Technical Analysis! Buy!

Long
NYSE:PLTR   PALANTIR TECH INC
Hello, Traders!
Palantir
is a data mining and analytics company
A recent IPO that skyrocketed into the stratosphere
And as with Tesla and broader stock market
We are seeing a correction on this stock
The price has now reached an important technical support level
So you can buy here and hedge with put options at strikes below 20$
Next good buy level is at 15$ as its a round number and -70% from the all time high
Good addition to the portfolio!
Buy!
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Comments

with the piece that come out today it's pretty clear shorts are targeting this stock...... if thats the case technicals ain't going to mean shit.
+2 Reply
@awmcconaghy, I trade technical analysis, and adding to portfolio a little bit at this level aint bad
Reply
onemalhotraj awmcconaghy
@awmcconaghy, hi , I disagree. The short interest seems low and it’s been a primary sell off post ipo expiry with no fundamental shift causing this. The market will receive a buy signal because hi growth backed by strong earnings is PLTR. The Initial Margin is substantial causing a positive EBITDA going forward. Q4 miss was stock based compensation miss with no relevance to business.

Green this week , 75 by End of the year.
Reply
Stock has a lot of support at 24 , the worst is behind us and buy signal was just issued.

I see a double digit green week next week.
+1 Reply
TopTradingSignals onemalhotraj
@onemalhotraj, thanks for your opinion!
Reply
Much appreciated your hard work, and because of it , I've managed to catch $22.74 , thx a million
+1 Reply
@Tihobuf0, thank you sir!
Reply
Thanks for the detailed insight.
+1 Reply
@abel11, u r welome
Reply
Thanks!
+1 Reply
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