Palantir Technologies (PLTR), Inc. It is a holding company, which is involved in developing data integration and software solutions. It works through commercial and governmental sectors. The company provides car solutions, financial compliance, legal intelligence, integration processes and acquisitions.
Palantir (PLTR) daily chart on February 8, 2025
This is the last scheme updated two days ago. The assembly continued as we expected and the market resumed the upward trend to build the fifth wave with the announcement of the last profits. The movement was showing 3 waves and we were waiting for the wave ((4)) of V before it continued. We also suggested that, as long as we do not see that wave ((4)), the price can continue to rise without any problem, but if you see the correction, this is an opportunity to purchase the direction in the wave ((5)) of V and Wave (III) . We were running a $ 127 targeted price to finish the course.
Palantir (PLTR) daily chart on February 20, 2025
Pltr has suffered from a sharp decrease in his share price recently, losing more than 20 % in two days. The defense budget proposal and other factors indicate that the company will sell 10 million shares until September. The only only point is that we have finished the wave (III) at 125.41, and it was unable to reach 127. The correction stopped when the wave decline (III) by 23.6 %, which means that the wave (IV) may have already ended. If this is the case, the price must continue up to 132.61 – 144.04 areas to complete the first wave of (V). If the wave (IV) is not over yet, it may decrease to about 80 before continuing at the top. Currently, we will expect an appeal with the market direction.
2025-02-21 12:03:17