Palantir engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. It offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. Its products include Palantir Gotham and Palantir Foundry. (Via Robinhood). I'm big on the defense sector and knowing how much the government trusts this company I need to take a deeper look. The main thing that impressed me with Palantir outside of their general scope of business was the attractiveness of the Hedge Funds that has this in their portfolio. I normally don't bank on things like this. However, Vanguard (5%), Blackrock (4%), and State Street (1%) has this in portfolio. I do need to do more research on this company I will admit, but I'm confident that we are at a good price now for a good profit down the line (1 year or more out). Looking at the chart, looks like we on a retracement to the upside with a recent bear flag breakout. On the 15 min TF (This is the daily) there is a gap that needs to be filled around $23.66 It also seems as if price wants to break past the 20/50 ema if it does reach that gap which would be a good thing for shareholders. As I do more research, I will up my consideration!
is that head and shoulder bears pattern ? but again Cathie Wood just bought 28 million USD
Redimere_91
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@Leonardikosasih, I doubt it. This is more of a previous high retracement play after the breakout to the downside. Definitely a good long term stock imo.
JimZboy
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Look like your TA got invalidated. Gotta make a new one now
fract
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@JimZboy, It's actually still relevant, I'm also bullish on my TA coverage of PLTR
Redimere_91
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@fract, Time will tell! It's less about being right. More about investing and or trading what you understand. Good luck buddy!
Redimere_91
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@JimZboy, Not necessarily brother. I don't day trade. The win goes to the longest holder. This is a play towards the retracement of the previous high. I'm a swing/position trader for the most part. This is a long term position for me.