To The Moon

As we have seen $Palantir Technologies Inc.(PLTR)$ trading in quite a volatile state in recent weeks, With investors feeling positive towards the tech stocks earnings, we could expect some help from that on Palantir. In this article I decided to do a technical analysis and try to see if we can find any trend of reversal and what are the factors that could contribute to either a good (bullish) reversal or poor (bearish) reversal. Palantir Saw A Falling Wedge Trend Looking at how Palantir have been trading since March 2024, we could see a falling wedge forming. Together with weak bulls (buying) strength. But if we look at how falling wedge pattern is characterized by a contracting range between two converging trendlines slanting downward. This patte

As we have seen $Palantir Technologies Inc.(PLTR)$ trading in quite a volatile state in recent weeks, With investors feeling positive towards the tech stocks earnings, we could expect some help from that on Palantir. In this article I decided to do a technical analysis and try to see if we can find any trend of reversal and what are the factors that could contribute to either a good (bullish) reversal or poor (bearish) reversal. Palantir Saw A Falling Wedge Trend Looking at how Palantir have been trading since March 2024, we could see a falling wedge forming. Together with weak bulls (buying) strength. But if we look at how falling wedge pattern is characterized by a contracting range between two converging trendlines slanting downward. This patte

Last night we saw the US indices experiencing a downturn, with S&P 500 (-0.7%), Dow Jones Industrial Average (-1.0%), Russell 2000 (-1.8%), and Nasdaq Composite (-1.0%). Though the afternoon session saw some recovery, but there is no clear member catalyst for any improvement. A consolidation phase after a strong start to 2024 could be the reason for the decline yesterday. Further we saw rising market rates due to solid economic data and persistent inflation concerns, these factor influenced the decline. The yield on 10-year note increased to 4.357%. Sectors Under Pressure The health care (-1.6%) and consumer discretionary (-1.3%) sectors were the poorest performers of the day, while the energy sector saw a 1.3% increase, buoyed by a 1.7% rise in WTI crude oil futures to $85.18/bbl, am

$Adobe(ADBE)$ is set to report first-quarter fiscal 2024 results on 14 March 2024 after market close. For the fiscal first quarter, Adobe expects non-GAAP earnings of $4.38 per share. Adobe projects total revenues between $4.35 billion and $4.40 billion. The consensus mark for the same is pegged at $4.38 billion, implying growth of 15.3% from the year-ago reported figure. During the fourth quarter of 2023, AI and machine learning was the top CIO information technology priority. Efficiency and productivity gains will be first seen in the software and internet space before the broader market and the economy. The service-oriented markets could see more significant opportunity for gains related to AI-driven efficiency, including software services, co

$UiPath(PATH)$ is expected to show a rise in quarterly revenue when it reports results on 13 March after market close for the period ending 31 Jan 2024. UiPath is expected to report a 24.4% increase in revenue to $383.826 million from $308.55 million a year ago, UiPath's guidance on 30 Jan 2023, for the period ended 31 Jan was for revenue between $381.00 million and $386.00 million. Looking at UiPath's peers in the automation software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. $Appian Corp(APPN)$ delivered top-line growth of 15.5% year on year, beating analyst estimates by 3.2% and $Everbridge(EVBG)$ r

$SIGA Technologies Inc.(SIGA)$ shares went up 8.3% to $5.76 in post-market trading on 12 Mar (Tuesday( after it reported profit in its Q4 earnings on a surge in revenue and a 60 cents special cash dividend was announced. SIGA reported a net profit of $72.3 million, or $1.01 a share, compared with a loss of $800,000, or 1 cent a share, for the same period a year earlier. Product revenue surged to $115.7 million from $5.1 million a year ago, taking total revenue to $116.5 million from $11.4 million. If we go back to how the share price was trading two years ago, this is where we saw almost the same price level, and we saw a good price upside to more than $20 dollars in June-July 2022. If we go back to May 2022 earnings on 02 May 2022, we could see

$Palantir Technologies Inc.(PLTR)$ have been rising by more than 40% since its earnings release. There have been a big BUY from Ark Invest at a price which is not low considering how Palantir have been trading. So in this article, I would like to look at some indicators on whether Palantir could soar above $25 in the near term? Are we going to see another institution investing this AI company? Guru Focus Say Palantir is Overvalued. Do you agree? GuruFocus has indicate that Palantir is significantly overvalued, but if we consider how the stock price have been trading and the amount of investors equity raised through these purchase of shares. Is Palantir still considered overvalued? I would think the company is “on the golden track to success.” And

$Alibaba(BABA)$ is scheduled to report results for its fiscal third quarter on 07 Feb 2024 before market opened. Net profit for the quarter ended 31 Dec is expected at 36.99 billion yuan (US$5.15 billion), according to a FactSet poll of analysts. That would be down from a bottom line of CNY46.81 billion a year ago and up from CNY27.71 billion in the fiscal second quarter. Revenue is expected at CNY261.34 billion, according to the FactSet poll, up from CNY247.76 billion a year earlier and CNY224.79 billion in the fiscal second quarter. Alibaba’s revenue numbers will be watched closely by investors as it provide a gauge to how well Alibaba have manage to navigate a slowing economy and fierce competition. Another area which will affect the revenue is

$MicroStrategy(MSTR)$ is expected to release earnings on 06 Feb 2024 after the market closes (AMC). The consensus EPS Estimate is $0.21 (+101.0% Y/Y) and the consensus Revenue Estimate is $132.18M (-0.3% Y/Y). Technical is showing a bearish crossover, there is a reason because with the recent launch of Spot Bitcoin ETF, MSTR have been the closest crypto stocks to investing into Bitcoin. Bitcoin have not been able to break through $43k, and this could signal that more downside coming. MicroStrategy have a lot of Bitcoin in their holdings, so any fluctuations on the prices of Bitcoin could cause it to go down. MSTR is trying to create an upward trend recently, but it will be difficult as Bitcoin have not been showing much prospect of going above $4

$Palantir Technologies Inc.(PLTR)$ you can do better than that!