Short
I CALLED THE $PLTR TOP! Down 8% since. Here's where we are going
$NYSE:PLTR
CALLED THE $NYSE:PLTR TOP AS WELL! Down -8% since. Here's where we are going
The thesis explained below:
1.) Williams R% had a down slop if you drew a line from the 01JUL2024 top to the most recent 21OCT2024 top. It hit this top 4 times since the first one and everyone was lower indicating resistance and lower tops.
2.) You have a Multi-year CUP on the weekly without a handle formed. We need to form that handle before we go higher that coupled with valuation and the stock price getting ahead of the company's numbers is another reason that plays into this.
3.) The handle would be a perfect little handle with a Volume profile gap fill down to the next volume shelf at $36.50-$37.50.
4.) RSI was in overbought area and finding multiple tops with resistance. Also, it was hitting and rejecting off the same top as previous ATH's back in Jan2021.
5.) Double top on the stochastic and red through yellow downward.
6.) Just shows the date I called it out which was Sunday. Also, time stamped on my repost here. 😁
Thanks for reading! I hope you enjoyed my reanalysis of a thus far predicted pullback. It may not hit my target but that's not the point. The point is being able to realize when something is lining up to turn against you or turn with you to the upside. Also, to realize the fakeouts in the market like what I believe the pullback is on the
QQQ which I made an in depth video going into depth about just like this one. It's pinned on my profile if you haven't seen it yet.
LIKE l FOLLOW l SHARE
NFA
CALLED THE $NYSE:PLTR TOP AS WELL! Down -8% since. Here's where we are going
The thesis explained below:
1.) Williams R% had a down slop if you drew a line from the 01JUL2024 top to the most recent 21OCT2024 top. It hit this top 4 times since the first one and everyone was lower indicating resistance and lower tops.
2.) You have a Multi-year CUP on the weekly without a handle formed. We need to form that handle before we go higher that coupled with valuation and the stock price getting ahead of the company's numbers is another reason that plays into this.
3.) The handle would be a perfect little handle with a Volume profile gap fill down to the next volume shelf at $36.50-$37.50.
4.) RSI was in overbought area and finding multiple tops with resistance. Also, it was hitting and rejecting off the same top as previous ATH's back in Jan2021.
5.) Double top on the stochastic and red through yellow downward.
6.) Just shows the date I called it out which was Sunday. Also, time stamped on my repost here. 😁
Thanks for reading! I hope you enjoyed my reanalysis of a thus far predicted pullback. It may not hit my target but that's not the point. The point is being able to realize when something is lining up to turn against you or turn with you to the upside. Also, to realize the fakeouts in the market like what I believe the pullback is on the
QQQ which I made an in depth video going into depth about just like this one. It's pinned on my profile if you haven't seen it yet. LIKE l FOLLOW l SHARE
NFA
Note
They will need almost perfect earnings today in order for them to not keep pulling back. I'm talking 30%+ revenue growth is the only path higher from these prices. Note
No more pull back haha. Still got it right for over 8%. But like I said I believe in the company and hold them in my LT portfolio. THIS IS WHY I SAID DON'T TRY AND SHORT! Note
Also, I said if they do 30% revenue growth we will go much higher. They did just that. This is a reminder to everyone why you don't play these amazing companies to the short side. Again, I am long this name, I had no short position and told you not to short this name. Was just saying what the charts were telling me. 
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📈 Stocks, Cryptos, ETFs, Levered ETFs
📱 Find me on other Socials
🌆 High Five Community 👇
whop.com/highfive-pro/
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.
🖐️ High Five Strategies
📈 Stocks, Cryptos, ETFs, Levered ETFs
📱 Find me on other Socials
🌆 High Five Community 👇
whop.com/highfive-pro/
📈 Stocks, Cryptos, ETFs, Levered ETFs
📱 Find me on other Socials
🌆 High Five Community 👇
whop.com/highfive-pro/
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.