$Palantir Technologies Inc.(PLTR)$ Super Micro has a market cap of 24 billion. PLTR is around 400 billion. Super Micro sells more, earns more, has been in business longer, and isn't dependent on one person. It deserves to be worth 20 times more.
$Palantir Technologies Inc.(PLTR)$ 106The low came in late June, then it ran to a $188 high by the end of August, up 77% in two months. Right now it's testing the 6-month high. If it breaks above that, $211 is the next Fib target. Support on a pullback sits at $157.
$Palantir Technologies Inc.(PLTR)$ Bottom line up front. I like Palantir, Karp, and the whole Palantir crowd, but a word of caution here. The 3-year chart isn't decisive. Strong recovery, price breaking above MA40, EMA200 still rising nicely. If it breaks through the prior $200 high, that would be a confirmed Stage 2 re-entry. If not, it's back to a Stage 3 distribution attempt. Parabolic stocks need to be watched very carefully. Stochastics in extremely overbought territory is a sign of strength, but that can easily turn into a sell signal if it crosses down below 80. Food for thought.
$Palantir Technologies Inc.(PLTR)$ Most of the smart shorts have already flipped long. A few still seem determined to fight against their own money, but I'm done warning them. They're welcome to become fuel for the bulls.
$Palantir Technologies Inc.(PLTR)$ It's common in bull markets for stocks right on the edge of the cliff to fail to jump off it. Failed breakdowns often turn into fast recoveries.
$Tesla Motors(TSLA)$ Been riding this upward trendline since the earnings drop at the end of July. Immediate short-term resistance is clearly at the 50 DMA. Tesla's China team denied reports claiming it had emptied its Shanghai data center and withdrawn teams working to prepare Full Self-Driving for the Chinese market.