Oops!! $Palantir Technologies Inc.(PLTR)$
- Analysts still bullish despite earnings and 15% price sell off (see attached chart).

Financial Performance Highlights:

- Revenue: Palantir reported Q1 revenue of $883.9 million, marking a 39% year-over-year increase and surpassing analyst expectations.
- Earnings: Adjusted earnings per share came in at $0.13, aligning with consensus estimates.
- Guidance: The company raised its full-year revenue forecast to a range of $3.89–$3.90 billion, up from the previous estimate of $3.74–$3.76 billion.

Factors Contributing to the Stock Decline
- High Valuation Concerns: Despite robust financial results, investors expressed concerns over Palantir's high valuation. The company's forward price-to-earnings (P/E) ratio stands at 148x, significantly higher than industry peers.
- Investor Expectations: Palantir's stock had surged over 400% in the past year, leading to elevated investor expectations. The Q1 results, while strong, may not have met these heightened expectations, prompting a sell-off.
- International Revenue Slowdown: Analysts noted a slowdown in international commercial revenue growth, raising concerns about the company's ability to sustain its rapid expansion globally.
- Profit-Taking: Given the substantial stock appreciation over the past year, some investors may have opted to take profits, contributing to the stock's decline.

Technical Analysis:
Has to get past and hold the 0.618% Fibonacci line at $110 - $111 area where most likely the 200 moving average will meet it if it wants to get back bullish. Then if highs regained and broken then $135, $140 are the next big upside targets. Key area trading in currently for support - if fails $102 - $100 the next downsides.

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📘 My new book available from my bookstore: Renko Chart Trading Revolution — the foundation behind this forecast : THE STOP HUNTER BOOKSTORE

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🌐 Website: [www.thestophunter.co.uk] – tools, training, and book releases

Good luck with the trading!

Stephen