Palantir (PLTR) Should Continue To Go Up
Timeframe: 1H
Setup: Elliott Wave Projection + Strong Fundamentals
About Palantir (
PLTR
):
- Industry: Data Analytics and Artificial Intelligence (AI)
- Core Business: Palantir builds software platforms for data integration and analysis, primarily serving government agencies and large enterprises.
- Flagship Products: Foundry (commercial data platform) and Gotham (government-focused platform).
Fundamental Outlook:
Macro Tailwinds:
- Rising AI Demand: As global businesses invest in AI and data solutions, Palantir stands out as a pioneer.
- Government Spending: Governments continue prioritizing defense, intelligence, and data systems, providing Palantir with stable and growing contracts.
Growth Drivers:
- Expansion into healthcare and commercial sectors to diversify revenue.
- Recent wins in AI-driven predictive analytics contracts with Fortune 500 companies.
- Profitability Achieved: Palantir is now generating consistent profits, signaling financial strength after years of heavy investments.
Macro Risks:
- Interest Rate Pressures: Higher rates can dampen growth stock valuations.
- Competition: Big tech players like Microsoft and Snowflake are ramping up their data offerings.
Technical Setup:
Palantir's technicals complement its bullish fundamentals, with the price moving within a strong
Elliott Wave structure:
- Wave Structure: Price is in Wave (3) of a larger bullish cycle, showing momentum for higher targets.
Key Levels:
- Target 1: $85.96
- Target 2: $91.12 - $95.41 (Fibonacci extension).
- Invalidation: Below $72.00 = bullish setup fails.
Trade Plan:
- Stay long as long as price holds above $74.00.
- Partial profit near Target 1.
- Hold remaining for Target 2 for maximum gains.
Why This Matters:
Palantir is at the intersection of macro AI growth and technical bullish momentum. With strong fundamentals and a compelling technical setup, PLTR is poised for a breakout if targets are confirmed. 🚀
Setup: Elliott Wave Projection + Strong Fundamentals
About Palantir (
PLTR
):
- Industry: Data Analytics and Artificial Intelligence (AI)
- Core Business: Palantir builds software platforms for data integration and analysis, primarily serving government agencies and large enterprises.
- Flagship Products: Foundry (commercial data platform) and Gotham (government-focused platform).
Fundamental Outlook:
Macro Tailwinds:
- Rising AI Demand: As global businesses invest in AI and data solutions, Palantir stands out as a pioneer.
- Government Spending: Governments continue prioritizing defense, intelligence, and data systems, providing Palantir with stable and growing contracts.
Growth Drivers:
- Expansion into healthcare and commercial sectors to diversify revenue.
- Recent wins in AI-driven predictive analytics contracts with Fortune 500 companies.
- Profitability Achieved: Palantir is now generating consistent profits, signaling financial strength after years of heavy investments.
Macro Risks:
- Interest Rate Pressures: Higher rates can dampen growth stock valuations.
- Competition: Big tech players like Microsoft and Snowflake are ramping up their data offerings.
Technical Setup:
Palantir's technicals complement its bullish fundamentals, with the price moving within a strong
Elliott Wave structure:
- Wave Structure: Price is in Wave (3) of a larger bullish cycle, showing momentum for higher targets.
Key Levels:
- Target 1: $85.96
- Target 2: $91.12 - $95.41 (Fibonacci extension).
- Invalidation: Below $72.00 = bullish setup fails.
Trade Plan:
- Stay long as long as price holds above $74.00.
- Partial profit near Target 1.
- Hold remaining for Target 2 for maximum gains.
Why This Matters:
Palantir is at the intersection of macro AI growth and technical bullish momentum. With strong fundamentals and a compelling technical setup, PLTR is poised for a breakout if targets are confirmed. 🚀
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.