Palantir - Victory after victory! | Elliot Wave Analysis

foreign [Music] yet another volunteer update my name is Ben from maintenance capital and I want to inform everyone here about the latest movements and counts of hours regarding this particular com company and I want to thank everyone of course from the last video because it got quite some likes and I was really really happy to receive some comments and emails regarding this company from people who were really thank thankful for their past analysis and how they were asking me to cover this again in the future and of course I am glad that I can help people on here and in this difficult times so I decided to record yet another video on palantir and of course inform everyone about the latest movements and just as the child suggests since our last update I think that volunteer has topped out in its way free right here at approximately 17 at 10 cents yesterday palantir had a really powerful opening and uh Rose more than 10 percent and in the late hours of trading we came back very strongly and I think it was a correction of about 15 yesterday alone and this just proves that palantir is a very very volatile stock and that's of course good and bad news for investors depending on how much risk you are willing to take and the next step would be of course a wave 4 correction like I highlighted it here in our green retracement zone ranging from the 0.236 to the 0.3382 retracement and in this Zone we should see in a considerable correction and it's possible that we could establish a triangle or another corrective movement that's quite common for a wave four but I my expectation uh still that we should correct in the upcoming days and weeks and after that we should see another wave 5 in our microwave one right here which should be quite volatile again and bring us two twenty dollar approximately or depending I am depending on the volatility we could reach this level right here at 18.45 cents or even twenty dollar and 30 cents so it's going to be interesting for sure and I will keep you guys updated about the movements of course and I just want to highlight our analysis from our past weeks and months again in case somebody hasn't seen this and as you might know we cover the ideas here on YouTube and training View and our website of course I can really recommend signing up there and get reinforced about our movements before the public thus and I just want to highlight this analysis again this has been from the 15th of May this was just after the incredible earnings pump and the stock was trading at approximately nine dollars back then and as you can see this is the same orange retracement zone right here extension Zone and this was the microwave one and I highlighted that depending on how strong this movement would be we could reach even higher prices and just as you can see this has been one of our greatest achievements in this year alone and I'm really happy that I could help a lot of investors with this and I am thrilled to see how this AI hype and this company will will develop in the year in depart in the next six months and I just want to highlight that we are invested in volunteer with two positions both from last year and I highlighted them on our accounts run one with a higher entry point at 12.43 and one with a lower at approximately 7.50 and we are still well in profit with these two and yeah I'm quite optimistic that we should be seeing higher higher movements in the next weeks and yeah just I think that's that has been everything regarding the short term count so I don't want to want to miss and I skip out on this a long term chart this is palantir for since it's iPod in in 2022 and as you can see right here we established this with one top right here this was the all-time I at 45 dollars and since yes we've seen a considered considerable correction this was a blood path to be honest in the palette here and we established uh zigzag correction right here this means five wave movement right here in a wave a three waves up ABC and those movements where two bearish waveform two setups right here and they push the price all the way down to this cycle bottom under six dollars so it's been quite right and regarding the future I can only highlight again that we expected a microwave one will develop and it's already developing in the market and wave one two three four five this would be a microwave one we have to see where this wave will Top out of course after that microwave 2 should establish this could this correction could last a few months or only a few weeks it really depends on the overall market and after that of course away free which we should finally push us above the last all-time high and I have set this quite a few times in the past our wave free Target of this whole cycle waves is still at the same Target at 76 dollars and 70 cents it of course it will take quite some time until we reach these levels and we have a lot of work to do it's going to be a difficult road until this targets will be hit of course but I'm very optimistic and I will stay invested in this company and hold my positions until we reach this green extension Zone and as an explanation for the newer for the newer subscribers on here we set these extension zones and these resemble price targets for Wave 3 for Wave 3 or away five and the minimum Target of the move of the X-ray free is at this extension at 76 dollars and this extension the 1.618 is the most important far away free at 76.70 and it could even be possible that we reach prices of 93 dollars at that 2.0 extension but of course this is well into the future and we will have to see how this company will perform but just if I pointed out just this I have pointed out this in the video quite some times I'm very optimistic and will hold my positions so and back to the short-term chart if you aren't invested in volunteer and missed this right I could recommend loading up on positions in this screen retracement Zone and anything under 14 is a very attractive price level and I am currently evaluating with my colleagues if we are loading up on a third position in Pelletier but we will inform our subscribers on our website only of course so again I could highlight our website and if you want to receive updates about hour long or short rates just sign up it's worth it so that's it for today in palantir see you guys in another video and of course we can be optimistic about this one greetings from Cyrus Switzerland goodbye [Music]

Channel: Mendenmein Capital

Views: 1,827

Keywords: palantir, AI, stocks, PLTR

Id: ywxof92UFKY

Length: 9min 23sec (563 seconds)

Published: Thu Jun 08 2023