Hello friends, welcome back!
In today’s post, we’re diving into a chart-based comparison of two tech giants — Palantir (PLTR) and Uber (UBER). This analysis is available in full detail on our YouTube channel, and we encourage you to watch the video for a visual walkthrough. You can also follow our regular market insights on appletree360.com.
Palantir: The Explosive Move Already Happened?
Palantir has already delivered explosive returns over the past year. Since going public in September 2020, it has experienced wild swings — rising 4x to 5x in just a few months, followed by a deep correction that took it below its IPO price.
But the real action began after that.
By applying the Fibonacci extension tool to its monthly chart, we can see that Palantir’s rally recently pushed through the 2.618 extension level, topping out around $108. This move followed its breakout past the 1.618 level around $69, which served as a brief pause before launching higher.
Looking ahead, if momentum persists, the next major Fibonacci level — 4.236 — sits near $172, suggesting 40%+ potential upside. However, after such a rapid move, it’s reasonable to expect some cooling off, perhaps a sideways range between $70–$120 over the next 6–12 months. That could set up a solid base for long-term investors.
Uber: Just Getting Started?
Now let’s turn to Uber, where things are looking quite interesting.
Uber is just breaking out above its previous all-time high of $87, with recent price action pushing up to $88.31. From a technical standpoint, this marks the beginning of what could be a strong upside move.
By applying the same Fibonacci framework, we see Uber’s next immediate target around $91, followed by a more substantial move to $135 — which is about 40–50% higher from current levels. If Uber maintains its breakout momentum and pushes beyond $135, then the 200–205 zone comes into play — potentially 100% upside over the next 6 to 12 months.
Uber is no stranger to the average consumer. Like Microsoft or Google, it’s a globally recognized brand with real-world utility. This kind of widespread adoption could help fuel long-term investor confidence, making it a strong candidate for both medium- and long-term positions.
The Takeaway: Learning from Palantir, Positioning with Uber
While Palantir has already played its hand — at least in the short term — Uber might just be stepping up to the table. The price action suggests a new leg higher is beginning, and if history is any guide, Uber could mirror Palantir’s explosive moves from prior years.
We’re not saying Uber will follow the exact same trajectory, but drawing lessons from Palantir’s chart behavior gives us a roadmap to watch. The key levels to monitor now are:
- $91 — first breakout confirmation
- $135 — mid-term target
- $200+ — long-term possibility
If you’re interested in seeing the full chart analysis and walkthrough, be sure to check out the latest video on our YouTube channel.
For more market insights, trade ideas, and investment strategies, visit appletree360.com.
Thanks for reading — and happy investing!
Discover more from AppleTree360
Subscribe to get the latest posts sent to your email.
