Long
$PLTR - the D-day is approaching
A lot of bets were made towards the earnings day, which in its turn is linked to lock-up expiration period (3 days after the earnings).
The D-day is about to play out next week, which will also "coincide" with Feb option expiration.
After short & gamma squeeze drama with BANG stocks (
BB, 
AMC, 
NOK, 
GME) earlier in the year, the frenetic market activity swiped through many strongly shorted stocks. This resulted for some of them, like PLTR, to break-out from long consolidation streak to new higher levels. I mentioned at that stage (see linked chart) that clearly there's new bull pennant is being formed with more or less clear fib-levels.
Let's see further, how next week will trade. Something (namely fundamentals) tells me that the dip (forced by lock-up period expiration) will be bought out and $31 - an important level to watch. It may go below slightly to gobble up stop-losses of more cautious positions (or those bought at highs of end-Jan break-out). However, my bet is that it will break-out with another bull flag formation capped at 1.618 fib-level ($49-50) and $42 as new support.
Nobody knows the future, this all could be wishful thinking.
Yet, my rationale is that to justify anything above $50 price level and closer to $100 bln valuation (i.e. $60 price level), Palantir should demonstrate the winning streak of earnings (or at least new large corporate contracts; as we know already that they can do well with government ones).
Your thoughts, reactions and comments are more than welcome.
The D-day is about to play out next week, which will also "coincide" with Feb option expiration.
After short & gamma squeeze drama with BANG stocks (
BB, AMC, NOK, GME) earlier in the year, the frenetic market activity swiped through many strongly shorted stocks. This resulted for some of them, like PLTR, to break-out from long consolidation streak to new higher levels. I mentioned at that stage (see linked chart) that clearly there's new bull pennant is being formed with more or less clear fib-levels. Let's see further, how next week will trade. Something (namely fundamentals) tells me that the dip (forced by lock-up period expiration) will be bought out and $31 - an important level to watch. It may go below slightly to gobble up stop-losses of more cautious positions (or those bought at highs of end-Jan break-out). However, my bet is that it will break-out with another bull flag formation capped at 1.618 fib-level ($49-50) and $42 as new support.
Nobody knows the future, this all could be wishful thinking.
Yet, my rationale is that to justify anything above $50 price level and closer to $100 bln valuation (i.e. $60 price level), Palantir should demonstrate the winning streak of earnings (or at least new large corporate contracts; as we know already that they can do well with government ones).
Your thoughts, reactions and comments are more than welcome.
Nota
UPD: as you may noticed this is 195 min (custom) timeframe - which is half-day of main trading session.Nota
seekingalpha.com/article/4406054-palantir-potential-q4-revenue-blowoutImportant note on how to assess the earnings. EPS vs. Sales.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.