Palantir, a current darling of wall street, with impressive customer/revenue growth in their AI analytics platform along with impressive government contracts. It's easy to see why PLTR has been a great trade for 2024, but with a forward PEG ratio of +9 and forward P/E ratio of 236 for fiscal year 2025, no wonder most fundamental analysts are saying stay away...
I'd like to go short when the FOMO stops and the tape shows a blow off the top near ~$80/share. Trade short with an initial target of $65 and then $55.
I'd like to go short when the FOMO stops and the tape shows a blow off the top near ~$80/share. Trade short with an initial target of $65 and then $55.
交易進行
Appears to be a dark cloud cover candle today after opening up high hitting $80. Bearish. 註釋
Trade still in play.
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