NYSE:PLTR stock nearing weekly critical levels! Profit-taking around these highlighted chart areas could be a smart move. Stay vigilant and keep an eye, the trend might lose some steam.
NYSE:PLTR Weekly Chart Double Top Pierce, to break through this, wait for bullish consolidation.
A "Double Top" in technical analysis refers to a chart pattern that occurs when a security's price forms two consecutive peaks at a similar level, separated by a trough. It typically signifies a potential trend reversal from an uptrend to a downtrend. In the case of...
We can now count a very nice 5 waves move up from the Dec 2022 low. While there is currently no sign that price has topped, it has hit a major monthly resistance level at around $26.50. Confirmation that a correction has begun would occur when price breaks below the ascending trend line.
Should a correction take place in the coming months, price should at least...
See my work of math art.
I plot estimates of value over time.
If you can visualize, it helps with understanding.
Investors first must understand 3 things:
does it make money now?
will it make more money later?
how is the company funded?
Avoid money losers.
Avoid companies that cant scale or grow.
Avoid balance sheets that are weak or rotted with debt.
Interesting area. Decisions from these levels tend to be quite binary. We're strong up or strong down.
Given we've traded flat on this level for a long time and are in a retest of the previous lows I think it's viable to place really tight stops here.
The flat trading could be an accumulation pattern. PLTR may have been accumulating for months.
Data analytics software manufacturer Palantir Technologies Inc. (PLTR) was awarded a $178 million contract with the US Army for the TITAN project, a combat application system utilising artificial intelligence. The TITAN (Tactical Intelligence Targeting Access Node) combat application system will aggregate data from space and ground sensors for further precise...
Palantir has seen an impressive break of 25 today and our belief is that bulls may defend this area and keep the run going. Growth stocks are holding so far and the fears in AMEX:KRE may subside, if so that should help the broader growth story. Good luck traders!
PLTR is testing a major pivot now after breaking out of a flag. Created a power earnings gap after the reported the last earnings and is now breaking out to new highs. If it can flip the resistance in the $26 range to support, we could see this explode much higher.
Assessing Palantir's quarterly and annual financial reports can provide insights into its profitability, revenue growth, and expense management.
Understanding trends in the technology sector and how data analytics are being adopted across industries can inform the long-term potential of Palantir.
It continues to expand its client base beyond the government and...
Palantir stock is set to pop in the next year as the tech firm erects an artificial intelligence "fortress" that will help it become one of the biggest players in the AI race in the coming decade, Wedbush Securities analysts wrote on Friday.
According to Wedbush's Dan Ives, Palantir is headed to $25 a share in the next 12 months. That represents a surge of 54%...
Palantir Technologies ( NYSE:PLTR ) has secured a lucrative $178 million contract with the U.S. Army for Project TITAN, a cutting-edge battlefield system powered by artificial intelligence. This groundbreaking development has sent shockwaves through both the defense and technology sectors, propelling NYSE:PLTR stock to new heights.
Project TITAN, aptly named...
In our detailed examination of the daily chart for Palantir Technologies, we've uncovered the development of a 5-wave cycle culminating in our significant Wave (1). We are currently navigating through Wave (2), which appears to be shaping up as an expanded Flat Correction. Closer analysis suggests that the extent to which Wave B overshoots should directly...
This run up may be done with. We had a good rally, we broke the $21 resistance, but....The SP inclusion didn't pan out so Monday will see some down. What is your guess? Will we go down to $21 or $17? The $21 resistance should act as support now but markets can be irrational.
