I like the look of Palantir at these levels, for a short term swing trade or, given time, a long term setup.
1. Bullish Div RSI & MACd
2. Pricing has come all the way back down to IPO levels
For the first quarter of 2022, management expects revenue to grow roughly 30% year over year to $443 million. The company also reiterated its long-term goal of annual revenue growth of at least 30% through 2025.
While that level of sales growth would be impressive, investors are increasingly demanding profitable expansion from premium-priced companies. In the current market environment, inflation and other macroeconomic concerns are leading investors to be more risk-averse. That, in turn, has led to steep declines in the share prices of growth stocks that have failed to deliver on the bottom line.
In summary, tread with caution. Short term, you could take a trade here, Long term, wait for cross of 50MA.
1. Bullish Div RSI & MACd
2. Pricing has come all the way back down to IPO levels
For the first quarter of 2022, management expects revenue to grow roughly 30% year over year to $443 million. The company also reiterated its long-term goal of annual revenue growth of at least 30% through 2025.
While that level of sales growth would be impressive, investors are increasingly demanding profitable expansion from premium-priced companies. In the current market environment, inflation and other macroeconomic concerns are leading investors to be more risk-averse. That, in turn, has led to steep declines in the share prices of growth stocks that have failed to deliver on the bottom line.
In summary, tread with caution. Short term, you could take a trade here, Long term, wait for cross of 50MA.
Comment:
Entered long , September calls @ $12 strike.