Palantir Technologies (PLTR)
On Wednesday afternoon, Palantir Technologies (PLTR) $Palantir (PLTR.US)$ and L3Harris Technologies (LHX) $L3Harris Technologies (LHX.US)$ announced a strategic partnership to propel and accelerate L3 Harris' digital transformation. L3Harris' sensors and software systems will integrate Palantir's AIP (Artificial Intelligence Platform) in order to enable increased levels of capability that will include working on the US Army's TITAN project. The two firms are already working together on integrating Palantir's platform into the L3Harris WESCAM system that provides for increased target detection and delineation.
Readers will note that PLTR has attempted to break out of the Pitchfork model that I showed you three weeks ago and appears to possibly trying to consolidate at this lofty level. Doing so would bring the pivot up from where I currently have it, which is $40 to the recent highs at a rough $44.40. That is where PLTR hit resistance on back-to-back days. Moving the pivot almost $4.50 higher would then allow investors to increase target prices.
I am long PLTR.
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NYSE floor trader for over 30 years. Day trader, long-term investor, and anything in between.
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Dan’l : $Palantir (PLTR.US)$ is such a unique company, with remarkable people and important relationships, that it’s greater value escapes reports and charts (similar, but much more so, than Tesla).
A whole lotta folks have been praying for you and yours, @Invest with Sarge, and all others impacted by these storms… anything y’all need? You can count me in ~;-)
Dan’l : $Palantir (PLTR.US)$ is such a unique company, with remarkable people and important relationships, that it’s greater value escapes reports and charts (similar to, but much more so than, Tesla).
A whole lotta folks have been praying for you and yours, @Invest with Sarge , and all others impacted by these storms… anything y’all need? You can count me in ~;-)
joemamaa : pltr is really good