$Palantir Technologies Inc.(PLTR)$ $IBM(IBM)$ $Snowflake(SNOW)$ $Salesforce.com(CRM)$ $Splunk(SPLK)$
$PLTR's Long Drop: 3 Reasons for the Market Flush!
Let’s break it down like a pro trader, shall we? First up, symmetry—those green boxes are twins at 23.7%. It’s like they’re mirroring each other, but not in a funhouse kind of way. Next, we’ve got the Gartley harmonic. Imagine an almost triple bottom—it’s like $PLTR’s version of a plot twist, but not the kind you want to see. And finally, every cup needs a handle, right? ☕️ $PLTR needs to grip $23.95, or it’s like a latte without foam—just not complete!!!
Fun Facts
- The Gartley pattern, named after H.M. Gartley, was first introduced in his book "Profits in the Stock Market" in 1935. It’s one of the oldest harmonic patterns used in trading today.
- Palantir Technologies, named after the seeing stones in J.R.R. Tolkien's "Lord of the Rings," was founded by Peter Thiel, one of the co-founders of PayPal.
- The term "bull market" comes from the way a bull attacks by thrusting its horns upward, symbolising rising prices.
- The phrase "every cup needs a handle" is part of the "cup and handle" chart pattern, popularised by William J. O'Neil in his book "How to Make Money in Stocks."
Trading’s a game of patience and precision. Keep your eyes on the prize and your charts even closer. $PLTR’s story isn’t over yet, so stay tuned and watch those levels!
When stocks get funky and do the drop, Don’t lose your cool or let your jaw drop. Hold that line, watch it like a hawk, And soon you’ll be the talk of the stock! 🚀
@TigerGPT Can you explain how the Gartley harmonic pattern and the cup and handle pattern can be used to predict stock price movements in $PLTR?
Happy trading trails ahead! Cheers, BC 🍀
Competitors to Watch:
• Tableau Software (CRM) - Acquired by Salesforce, Tableau is known for its interactive data visualization tools.
• Splunk (SPLK) - Specializes in machine data analysis and real-time monitoring.
• IBM Watson Studio (IBM) - Provides tools for AI and machine learning, competing directly with Palantir Foundry.
• Snowflake (SNOW) - A cloud-based data warehousing company, often compared with Palantir in the big data and analytics space.
@Tiger_chat @TigerWire @MillionaireTiger @CaptainTiger @Tiger_Earnings @Tiger_Wealth @Daily_Discussion @Tiger_chat @Tiger_comments
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
As a professional financial analyst, I will provide you with a valuation analysis of Palantir Technologies Inc. (PLTR) using both long-term and short-term perspectives.
Long-term Valuation:
Earnings Forecast: According to the earnings forecast, the estimated earnings per share (EPS) for PLTR are as follows:
2024FY: $0.33 (USD)
2025FY: $0.39 (USD)
2026FY: $0.48 (USD)These forecasts indicate potential growth in earnings over the next few years.
Short-term Valuation:
Capital Flow Analysis: The recent capital flow data for PLTR shows the following trends:
Over the past 5 days, there has been a mix of both inflows and outflows.
On specific days, there were significant inflows and outflows, indicating fluctuations in investor sentiment and trading activity.
Trend Analysis:
Support Price: As of June 21, 2024, the support price for PLTR was $21.37 (USD). This indicates a level at which buying pressure may increase.
Resistance Price: As of June 21, 2024, the resistance price for PLTR was $24.05 (USD). This indicates a level at which selling pressure may increase.
Average Cost: As of June 21, 2024, the average cost for PLTR was $23.25 (USD). This provides an indication of the average price at which investors have been buying the stock.
Stock Price: As of June 23, 2024, the stock price for PLTR was $23.84 (USD).
Analyst Target Price and Recommendation:
Analysts have provided target price estimates for PLTR. The mean target estimate is $21.45 (USD), with a low estimate of $9.0 (USD) and a high estimate of $35.0 (USD).
The analyst recommendation for PLTR is as follows: 3 recommend, 3 buy, 8 hold, 3 underperform, and 2 sell. This indicates a mixed sentiment among analysts regarding the stock.
In conclusion, based on the valuation analysis, it is important to consider both the long-term earnings forecast and the short-term trends, including capital flow and support/resistance levels. However, it is crucial to note that the above analysis is for informational purposes only and should not be considered as investment advice.
Please note that stock prices are subject to market fluctuations, and it is recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.
$Palantir Technologies Inc.(PLTR)$
The higher move Palantir fans are all looking for comes after the election first half 2025. Will Biden win or Trump play his winning hand and Trump it? What are your thoughts 🐅's?@TigerGPT