Stock Analysis Update – Palantir $PLTR

Since my last post here, $PLTR has hit the strong resistance level of 27.39 which is exactly at the Fibonacci level of 38.2 from the previous technical analysis. This triggered a sell-off as investors were moving funds away from high-growth stocks into value and cyclical stocks, to play the re-opening following Covid-19, and also due to an increasingly hawkish stance by the U.S. Federal Reserve.

The bear case would be that the sell off may continue until it hits the first strong support level of 23.52 which is the confluence at the Fibonacci level of 61.8 as well as its mid term 20 EMA level.

Mid to long term wise, i still have full conviction for $PLTR and looking forward to its rebounding when nearing its next earnings call on 9 Aug 2021.

In the meantime, you can buy put options for $PLTR at 23 level to protect your holdings (which is what i had done)

if you wish to understand about $PLTR and what makes it a great growth stock to hold for capital gains , do read my blog postingΒ hereΒ from my portfolio spotlight series.

Stock Analysis Update – Palantir $PLTR

Well Well, Palantir has not let me down at all. Since my last posting here talking about its bullish case, it has indeed went up and is now at 26.07 πŸ™‚

This means it has broken past the resistance level of 25.34. Next resistance will be 27.39/31/39.14.

To The Moon ! πŸ™‚

if you wish to understand about $PLTR and what makes it a great growth stock to hold for capital gains , do read my blog posting here from my portfolio spotlight series.

Stock Analysis Update – Microsoft $MSFT

Well Well !! Congratulations to those who bought at the low price point of 240 back in 4th June ! You can refer to the post here.

By now you would have heard that Microsoft has joined Apple as one of only two trillion dollar companies in Wall Street ! This is a testament to the solid fundamentals of the company. Do refer to my post here for the portfolio spotlight on Microsoft.

As of current, I am seeing that Microsoft could be retracing back to the strong support line of 262 due to profit taking. Then the bull case is that it will bounce back up and continue on its upward trend. The bear case is it breaks past 262 and continue downwards. However I am trending more towards the bull case as overall, the trends are all showing signs of upward trending with 20,50,100,200 EMA all above each other. I am looking forward to seeing where is the new ATH (All Time High) price point of Microsoft priced by Mr Market πŸ™‚

Stock Analysis – CXSE $CXSE

CXSE was at attractive price level of 60 back in End May/Early June 2021. Notice the bullish divergence? if you had bought at this price back in May, you would have ride the trend up to the current price level of 64.67. Currently, the stock is at the tail end of an inverted head and shoulder which signify a bullish reversal. I am trending more towards the bull case for this stock short term. Next resistance levels would be 67.98/ 70.69 / 72.83/81.17. DYODD!
Mid term wise, the stock is bouncing off its 40 , 50 EMA levels most of the time. Currently its very near its 40,50 EMA levels πŸ™‚

Stock Analysis – TSM $TSMC

TSM was at attractive price level of 107.78 back in May 2021. Notice the bullish divergence ? if you had bought at this price back in May, you would have ride the trend up to the current price level of 118.25 . Currently, TSM is at the tail end of its W shape recovery. The bear case is it could dip back and hit 107 support level in which case would be a great buying opportunity. The bull case would be that it continues its upward trend until its next resistance 124.34/128.50/141.77. An important detail to note is that TSM’s next earnings call is on 22 July 2021 πŸ™‚ DYODD!
Mid term wise, notice that the lowest TSM share has ever hit is at the 100 EMA level which is back in March/April 2020 – the COVID 19 Pandemic ! Usually it will rebound off its 50 EMA level. I would accumulate more if it hits 107 support level again

Stock Analysis – Palantir $PLTR

Palantir was at attractive price level of 17.13 back in May 2021. Notice the bullish divergence ? if you had bought at this price back in May, you would have ride the trend up to the current price level of 24.67. Currently, I am seeing more upside in short term as the 20 EMA cuts over the 50 EMA , both pointing upwards. This indicates more uptrend short term. Next resistance levels would be 25.34 / 27.39 / 31.31. 24.67 could be the last price pt to buy in before the next ride up. DYODD !

Stock Analysis Update – Microsoft

Following the hawkish announcements from the Fed on the 4th Jun, Microsoft has rebounded from previous intra day low and is now at 249.22. The bullish candle is an indicator of uptrend. The stock should hit the next support level of 256 and / or its all-time high of 262 follow by profit taking. Hope you saw my post below and invested before the bullish recovery !
Microsoft is at attractive price level of 245.30 premarket. I see opportunity to accumulate this great company at its 100 EMA Price level. Notice that the stock usually bounces off the 100 EMA. Good opportunity to add before its next earnings call in July. DYODD !