Currently is breaking through the wedge pattern into a possible downtrend channel, and the volume seems to reflect it.
If it does bounce back up and break through it will take some time to the target sell price. Otherwise, the downtrend target buy price could be reach rather quickly.
I like the hammer candle ok and it is forming a nice retest of that gap off of the big up day. Gave it a little extra wiggle room because it is a new name.
According to chart, it appears that insiders are methodically dumping their shares every the price breaches the $10 threshold. No position and don't like this ticker - they have turned a profit in over 17 years.
Palantir will be a hard one to play, we can see a gap trade in close proximity, and a Fib ratio that would create a good support zone. Premarket is up just a little, will see where this one goes!
Day before ended with a large sell-off, investors could likely sell more shares, stock will end up being a long term holder, I believe.
PLTR is on our watchlist as the 17-year old data mining company’s IPO with government agencies like Department of Defense, the CIA and ICE as its clients has growth potential. Look to establish Leaps on PLTR with dips into 9.50-8 range with expiration into 2021. Trade execution explained in video update.
PLTR is on our watchlist as the 17-year old data mining company’s IPO with government agencies like Department of Defense, the CIA and ICE as its clients has growth potential. Look to establish Leaps on PLTR with dips into 9.50-8 range with expiration into 2021. Trade execution explained in video update.
Palantir Stock Looks Attractive At $9, But There Are Two Key Concerns
Palantir’s Increasing Exposure To Government
While Palantir’s Revenues expanded by about 24% in 2019, growth is likely to pick-up to levels of over 40% in 2020 as Covid-19 related disruptions increased demand for the company’s services. Much of this growth will likely come from the...
Sauron shorting is over the orc bears is out soon and volatility of the fellowship of the ring is rising...
*edit: calculated from original KEY price 7.25 !
Possible prices for LONG on Palantir PLTR stock. Hype is real on this one but it's possible some of those get hit in next few days.
*this is not investment advice
IPO intraday trading strategy idea
Palantir Technologies is a data analytics software company.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $11,13;
stop-loss —...
