Palantir ( PLTR 1D) - Bearish short term scenario
Updated
Hi Fellows,
This is my Idea of BEARish scenario for Palantir.
From the view of TA its almost clear. But we have to wait for Earnings report to be release this tuesday 9/11/21.
BTW: Im big Bull on Palantir for long term but want buy with best entry price ;)
On the chart you can see strange overlaping what I think could be abc corrective wave and one more impulsive wave down (made of 5 subwaves) will come.
First subwave of that impulsive wave is probably there.
I will make and post also a chart of possible BULLish scenario. ;)
Trade safe and enoy the ride.
This is my Idea of BEARish scenario for Palantir.
From the view of TA its almost clear. But we have to wait for Earnings report to be release this tuesday 9/11/21.
BTW: Im big Bull on Palantir for long term but want buy with best entry price ;)
On the chart you can see strange overlaping what I think could be abc corrective wave and one more impulsive wave down (made of 5 subwaves) will come.
First subwave of that impulsive wave is probably there.
I will make and post also a chart of possible BULLish scenario. ;)
Trade safe and enoy the ride.
Trade active
Shocking !! :D Trade active
Here we go. Alredy middle of the (iii) of C). It could take about 1-2 months to reach bottom Accumulation Area.Patience folks ;)
Comment
Seems like there could be 1-2 weeks of smal growth to bring some hope for weak hands. Than final blow to shake them off the PLTR stock and reacumulation of smart money ;)
Trade active
Hi Traders, Hopefully you are enjoying recent TECH Pump. Seems like entire space of growth stocks is following same patterns.
There is my idea for PLTR. You should be alredy around +40% on your position.
With potential to get another +40% and than consider if its worthy for you to hold or its again overpriced.
(Despite the Moat and unique "products", P/E is simply too high).
Trade active
Hello Folks, Seems like my previous idea of a correction wave (abc) UP was not exact. Retracement was smaller. Hence I consider there is another possible EW cout of subwaves.
(4H Timeframe)
Comment
SMALL timeframe 1hor: probably last subwave of wave C should be completed.
Consider your risks, and you your Homework. Right now with pumping DXY even very good Q1 Earnings could cause small pump and than it will drop again with the rest of market. ;)
Comment
WARNING to ALL Palantir Investors: Despite I like company and their business model, there is an 20% chance it will continue to fall. Q1/22 Results were not so good and with slowing economy they can be faaar from being profitable.
According to Elliot waves it could go as low as 1.3 USD (A:C = 1:1).
Consider your ability to handle such risk ;)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.