Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

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.
Palantir Technologies (PLTR)
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.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
15
+0
3
Translate
Report
34K Views
Comment
Sign in to post a comment