Summary of Palantir Preparing to Make MASSIVE Measured Move
The video discusses the chart analysis of Palantir Technologies (PLTR) and potential market movements. The presenter highlights key levels and patterns on the chart, such as head and shoulders, Fibonacci retracement, and downtrending levels. They suggest a possible pullback to levels around $25 or $23, with a potential dip buying opportunity. The presenter also mentions a gravestone doji pattern and a double top formation, indicating a possible reversal. A long-term bullish outlook is presented, with a measured move suggesting a potential price increase to around $50 over a year. The presenter advises caution and suggests monitoring the downtrending level for a breakout by the end of July. Dip buying opportunities are mentioned at specific price levels. The overall tone is optimistic about the future potential of Palantir's stock.
Presenters
- Not specified
Notable Quotes
— 03:33 — « I did want to point out that when price came up to here that was right around the 236 from this Fibonacci retracement here going from the low hit on February 2nd coming up to this High here of 2750 hit on March 7th and so that 236 is at a price of $24.7. »
Category
Business and Finance