Palantir (PLTR) Stocks: Poised for Continued Growth Amidst Strong Earnings and AI Momentum
Palantir Technologies (PLTR), Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The firm offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. You can check above the weekly count of PLTR from September 2024. The market conditions suggested PLTR was in wave I; therefore, we changed the wave I for wave ((1)). Wave ((1)) ended at $29.83 in $29.23 – $32.00 area where we were expecting to hit a target. Then, the price pulled back to 21.23 where we called wave ((2)) completed, resuming with a strong rally breaking above wave ((1)), and supporting that wave ((3)) was underway. We were looking to continue to the upside until completing wave ((3)). We should look for buying dips as price remains above wave ((2)) low. (If you want to learn more about Elliott Wave Theory, follow these links: Elliott Wave Education and Elliott Wave Theory). Read More…
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.
Great article, would you like to share it?