Let's calmly wait for our chance! 👀We have several interesting signs here. First, the 30min is too oversold, we went outside the BBs today, and there’s no way it would keep falling in this situation. The RSI is at 25 rn, but it was at 17 during the morning.
We don’t see any good buy sign around, and we can’t see a bullish candle, but we have some points to bear in mind when we look at the 4h chart.
The 22.82 and the 22.37 are our main support levels for PLTR, and by analyzing the oversold RSI at 26, there’s a good chance it’ll hold here.
We have no confirmation yet, but at the first bullish candlestick we see around we must stay alert, as this might reverse the trend! I’ll keep you guys updated!
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Palantir
My thoughts on $PLTR - ElliottWave 2 correcitve incoming$PLTR is experiencing at the moment a sharp drop after topping at $27.50. The drop looks like a corrective EliottWave 2 (sharp and short). When this Wave 2 finishes off, we should see an impulsive ElliottWave 3 to the upside, I consider an attractive entry in the $21-22 zone.
PLTR - 2 scenarios, 1 likely There are two scenarios as the trend lines show.
White lines suggest the bearish path. The yellow trendlines suggest the continuity of price moving upwards and forwards. In my opinion, the retail investors have already reacted to the news of CW selling PLTR stocks and as such we have reached the bottom already. Sellers have hence exhausted their potential. Bulls should take control and move the price up (just look at the yellow trendlines).
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What to do with PLTR? 😱 Check these points...So PLTR finally hit the support at 24.52 and look how it couldn’t close the first candlestick above the resistance at 25.05. And some people don’t like TA!
We have a weak bullish divergence on the RSI and the BBs are getting tight again! Soon PLTR will explode again, and I think it’ll go up.
It is pretty oversold in the 4h chart too, but the thing that it is missing here is confirmation. We have no good bullish pattern around here, just a few indicators telling us that this could go up next.
PLTR is not a buy yet, but it’ll be soon. Let’s calmly wait for our chance. I’ll keep you guys updated
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Just doing what it should do! 🤓PLTR did exactly what we expected it would, again. It is extremely oversold in the 30min chart, and we could see a rally to the 26s at any moment. The question is, will it be a buy sign, or a dead cat bounce?
In the long run PLTR is a buy, but right now we must see more signs.
We lost the red line, and the RSI is at 38 rn. This tells me PLTR could drop a little bit more, but if it holds around 24.70, we’ll see a rally to the 26s. It must do this movement quickly, and tomorrow, preferably.
Is there any hope for PLTR? Of course, and as I said, PLTR is a buy, especially for the long run.
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What you should know about PLTR! 👀What you should know about PLTR! 👀
Today PLTR stressed our support levels we talked about yesterday, but it didn’t break them. These supports are holding the stock pretty well, and the more it accumulates above these levels, more interesting will be PLTR’s next movement.
I think this is a good movement on PLTR. The BBs are getting tight again, and the RSI is starting to get oversold.
But maybe this is not enough:
We just hit a resistance, and we have a bearish engulfing in the daily chart. The pattern was triggered today, and the RSI has a long way before it gets attractive again.
All of this indicates more correction, but I don’t think this correction will last too long. The closer it gets to the 25, the better. Soon it’ll give us another trade. No, it is not the time to buy, thanks to these signs, but it is not the time to go short either. Let’s calmly wait for our next play. I’ll update you guys every day. Keep in mind that our target is the 30s!
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PLTR - Anubis PatternIdea for PLTR:
- Anubis pattern detected: "God of Death", "the Underworld", "God who ushered souls into the afterlife", "to decay", "a royal child", "Foremost of the Westerners", "Lord of the Sacred Land", "Master of Secrets".
- I learned this pattern from DOGE:
Option 1 (Bullish):
PT: 67-70
Option 2 (Bearish):
PT: 17
Watch out, Square wave cycle has it distributing tomorrow-Jul 1. Will it be distributed while shooting up, or just dumped? Don't be ushered into the underworld.
GLHF
- DPT
I warned you about the 27.01! 😱The situation is quite simple on PLTR today! We are dropping, just as we expected, because it lost the 27.01 that we talked about yesterday, and now PLTR is looking for support areas to hold itself.
No, it won’t drop forever, and it’ll recover at some point, the question is, which point?
We have a pivot at 26.45, if triggered, I don’t think the 26.26 will hold it, and we’ll drop more – but not much more.
We are still a little overbought in the 4h chart, and if PLTR drops to its red line again, it’ll be great.
The situation is more serious in the daily chart, tho. We have a bearish engulfing that could make PLTR drop to the 25s again. The RSI is overbought here too. We must be careful.
We must watch the pivot in the 30min, as it’ll tell us if PLTR will turn bearish for now, or not. If it turns bearish, we’ll look at the 25 – 26 area, as it might be a chance to buy! PLTR is moving according to our plans, for now!
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PLTR: Harmless pullback or reversal? How to tell the difference!Hello traders and investors! Yes, PLTR hit the $ 27.45 as we said it would in our last study (the link to my previous idea is below this post), but what to do now?
The $ 27.45 is a secondary target in my view, but it is working very well as a resistance. Now we can expect some struggle around this area, and the fact that PLTR dropped below its 21 ema in the 1h chart reinforces this idea.
It is interesting to notice that it is dropping a lot, but the volume is not that good . This tells us that this is not a true bearish movement, just a harmless pullback.
This resistance is quite relevant in the daily chart, and today we have a Bearish Engulfing (so far). This might cause a pullback to the purple trendline or even to the 21 ema again.
This wouldn’t be surprising, and PLTR will still remain bullish. Remember: In a bull trend, we have higher highs/lows, but we do have lows . Sometimes, people get anxious when we are doing higher lows, and think it is the end of the world.
To identify a harmless pullback, just look at the volume: If it is dropping, with lower volume, than it is just a pullback. This follows the 5th tenet of Dow Theory: The volume must confirm the trend. If the volume doesn’t confirm the trend, we must be careful. If you see a bearish structure, like lower highs/lows, then we are talking about a reversal sign.
Today’s movement doesn’t change my target on PLTR, at $ 31.34, and since we bought around the $ 20, we are in a very comfortable situation.
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You must keep an eye on these points now! 👁Just as we expected, PLTR is just flying, and there’s nothing here telling me otherwise.
Today we have an intraday consolidation, and this is good, because we have new points to look at.
The 27.50 is the resistance we must see broken this week. The 27.01 is the support we don’t want to see PLTR losing.
Let’s see the daily chart for a change. PLTR is at an interesting resistance, and if it loses the 27.01, we might correct a little bit. The RSI is quite overbought, and this is another thing that we should be aware.
If PLTR loses the 27.01, we might see it between the 26-25s. Then we’ll see. Maybe we’ll have another buy there! Nothing scary. 😉
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$PLTR - We will continue seeing correctional movementsThere are two clear Elliot Trend Waves. Both waves suggesting that we are heading towards consolidation/ correction. At the same time, the Pitchforks are being respected perfectly and so one can expect the price movement within these boundaries.
For now, I am waiting and watching.
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Going according to our plan! 😎Palantir is obeying technical analysis and it is behaving according to the plan.
Today it is breaking the 26.71, the breakpoint that would resume the bull trend, as we talked about I my last analysis. The only thing that could trigger a pullback is if PLTR loses the 26.71 again and make this a false breakout.
But we are good for now, and we shouldn’t worry about what didn’t happen.
The problem is that PLTR is overbought in the 4h chart, and if we see a bearish pattern here, it could trigger a pullback. But since we don’t have one, we are ok. 😉
Even if it drops, this doesn’t change our target at 30. I’ll keep you guys update in a daily basis!
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Where is PLTR going? 🤔We have been doing so well on PLTR! Today we had a consolidation, and we did almost nothing interesting, but there are some points that we must update.
I see the 26.71 and the 26.26 as pivot points, and they are going to tell us if PLTR will keep climbing or if it’ll correct. If we break the 26.71, fine. But what if we lose the 26.26? Will PLTR fail forever?
Obviously not, probably PLTR will bounce back to the red line, and this is it, then we’ll see. If it does a bullish pattern around there it’ll be great for those who didn’t buy PLTR back with us. Also, you might have a chance to improve your cost-basis.
The RSI is a little overbought, so, if it drops, let’s not scream in panic, ok? So far, we are doing amazingly well, and there’s nothing to worry about this great company. 😉
If I see another buy sign, I’ll tell you guys!
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I told you something great was about to happen! 🤑Yes, as we said yesterday, something great happened today! PLTR is doing a lot of good movements, all very technical and precise.
As we warned about yesterday, the 25.55 was a breakpoint for PLTR, and once broken, it opens room for a bullish momentum. Once again, we are above the 26s, and we are heading to the 30s.
We just touched the resistance at 26.22, and I think we’ll break it. Maybe it’ll bounce back down to the red line again, maybe not. Our target is still the 30s. 😊
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About to do something great! Watch these points! 👍In the 30min we have a trading range between the 25.05 and the 25.55, and to the side it breaks, we’ll see a big movement afterwards in the breakout’s direction. The RSI is enigmatic, and don’t give us any clue about to which side it’ll break.
PLTR is in a slow bull trend, but if it breaks the 25.05, it’ll most likely lose the red line and it won’t hit our target as soon as we expect. On the other hand, if it breaks the 25.55, then I believe we’ll start to fly again.
PLTR has been losing its volatility, but at one point it’ll recover it, and we’ll see some nice movements next. Let’s keep our eyes open around these two breakpoints just in case.
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