$Palantir Technologies Inc.(PLTR)$ Looks like supply zone getting absorbed. Short term, no idea. Long term, hold. If it breaks and stays above 200, on the balance of probability, pltr should challenge her ATH. Then comes the next ER. Usual patten for PLTR, drop before, pop after. Please stop making 20 trades on every swing. Just hold.
Let's have another look at $Alphabet(GOOG)$ Not sure if most know but Google actually diversified their own portfolio. No, they aren't just your search engine and YouTube. Google own stakes in companies like $AST SpaceMobile, Inc.(ASTS)$ & $SpaceX(SPCX)$ and more. Now if you are a long term holder, great, kudos to you. Google is a solid long term pick. The last time $Goog dived largely in a single day was back when Q2 ER was released. Investors are worried due to negative FCF for the first time ever. Capex concern. This is a valid concern. However, look at the larger picture, why is G
$Alphabet(GOOG)$ Simple, nobody knows. whoever tells you they know, are foolish. nonethless, if you run back to the scenario of msft back when it was dropping everyday, 14 consecutive red candles. Why? Capex worries. And when MSFT announce their ER on the 2nd time, what happened? it went from 320 levels to 450 level. Msft is at 500-ish now. These are the companies that can scale in this AI narrative. MSFT, AMZN, GOOG, now meta and very likely, TSLA. Hence, it is a good opportunity to accumulate. Also, midterm elections will affect stock prices for sure. I mean it in a good way. Correction is needed in order to sustain this bull market.
$Palantir Technologies Inc.(PLTR)$ The amount of people wanting this ship to sink is wayyy too heavy. But the amount of people doesn't equate to the amount of money. When sentiments starts shifting heavily, it might be a good time to look deeper as to why this stock is getting absorbed. I have seen comments that this is heavily manipulated. Then let me ask you, if I may, was the stock market manipulated not manipulated since a century ago? How did the name Wall Street get its name? So how do you navigate your roadmap to building wealth with the stock market? You stay in the market. You stay 50% in S&P, your other 50% is meant as dry powder to average into companies that you have conviction. You don't need to trade
Replying to @zippy1:$Palantir Technologies Inc.(PLTR)$ Has been my most bullish stock since price was at $4-$17-$21-$4ish and all the way to its current ATH. I have never sold a single share even though I saw it dropping from $21 to $4 a few years ago. In fact, I added. However, I still don’t see volume on its intraday 5% moves. Nobody knows what it will do. I sold cc on $PLTR. And I wouldn’t mind getting assignment gned at $200. Healthy corrections leads to sustain advances. If everyone is in profit, who lost? Understanding money flow and wealth transfer is vital to one’s portfolio. Cheers!//@zippy1:Low volume at ATH is a yel
$Palantir Technologies Inc.(PLTR)$ Long term bullish, mid term not so. ATH reached yet volume remains low. Price over everything as the Germans saying. But Volume tells you more than any Technical indicators.
Replying to @William85:Hence I mentioned •Long term, Bullish •Short term, Bearish Also, a healthy correction is needed in order to sustain $Palantir Technologies Inc.(PLTR)$ uptrend//@William85:Government renewals and cash flow matter way more here. Low volume at ATH just screams don’t trust the breakout yet
$Palantir Technologies Inc.(PLTR)$ Long term bullish, mid term not so. ATH reached yet volume remains low. Price over everything as the Germans saying. But Volume tells you more than any Technical indicators.
$Palantir Technologies Inc.(PLTR)$ Long term bullish, mid term not so. ATH reached yet volume remains low. Price over everything as the Germans saying. But Volume tells you more than any Technical indicators.