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Palantir

What's new on PLTR? 👁👁Ok, PLTR did break another pivot at 24.33, and it hit the resistance at 24.68 again. Now, the situation seems pretty simple: If it breaks the 24.33, then our next stop is the 23.51. If it breaks the 24.68, then we’ll keep climbing to the 26. There’s an ascending triangle in the 4h chart, and this favors long trades. But we still have an divergence on the RSI, and that’s why I prefer to have a partial position, instead of a complete one, as I already told you guys I would. If PLTR drops again, it’ll be a chance to complete my position, but if not, that’s fine, I won’t complain 😊. Let’s keep our eyes on the points mentioned and we’ll be fine. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
2
Here we have some good patterns! 👍Yes, PLTR is doing some good patterns around! It hit the 23.51, and it went outside the BB, but it quickly went back in. The RSI was around 30 this morning, and this was a very good sign. PLTR just hit the 20ma that we talked about yesterday, and we have a candlestick called hammer. If PLTR breaks the 24.39 it’ll trigger this pattern, and PLTR might just keep pushing up again. Since we still have an advanced breakdown in the 4h chart, I prefer to proceed cautiously, and not go all in on PLTR right now, just to avoid FOMO. If it drops and hit the 22 rea again, then I’ll just complete my position. 😊 If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
Finally doing something interesting! 🥳Ok, PLTR broke the red line now, no excuses this time, and we have an advanced breakdown on the RSI. This increases the odds of a correction, and this would be great for PLTR. We have another divergence on the 4h chart RSI as well, but the 20ma is getting closer, and it is at 23.64 rn. This kind of ruins my idea of buying PLTR at 22, but that’s ok. I’m interested at a good risk-reward ratio, not necessarily in buying at the best price possible. We must have different strategies regarding trading and investing, remember this! 😉 I find amazing that the BB are very tight in the 30min, and if we see this in the 4h chart, I’ll be very happy! It feels like PLTR will explode soon! I’ll keep you guys updated every day about it! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
8
Beign squeezed! 😁Ok, I had to update the trend line, because PLTR lost the first one, but it didn’t do any impressive breakout, but it looks like we have a head and shoulders. The pattern wasn’t triggered yet, so, there’s still hope for us! The stock is inside an ascending triangle, and at some point, it’ll do a breakout, either from the red line or from the black line. I would like to buy PLTR if we do a downwards breakout, maybe to the 22 again. Now, the pattern squeezed the price so much, that I believe we can use today’s first candle as our guide. If PLTR loses the 23.94, it might finally drop. If it breaks the 25.23, then it’ll just keep climbing. We’ll have our answer soon, maybe tomorrow! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
2
Some strategies we can use here! 👀The situation is quite simple on PLTR: We have an ascending triangle, and to the side it breaks, it’ll be good. If it breaks downwards, which is something the RSI is telling us it’ll do, the 23.50 is the target. The 4h chart is a little bit more pessimistic, because PLTR has no supports aside from the fibs retracements. I’m not sure if PLTR can drop to the 21.73, but this is what the charts are telling me. On the other hand, the ascending triangle of the 30mins looks like a pennant in the 4h chart. This is a continuation pattern (most of the time), and PLTR can fly to the 27.50 if it breaks upwards. So, we must focus on these patterns from now on! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
2
Waiting for the next opportunity! 🤓PLTR is doing good movements today! And here it is the strategy I’ll use on it: If it breaks the red line, it’ll likely hit the 23.34. Then I’ll just wait for a good reversal candlestick / chart pattern around. If it doesn’t hit there, then I’ll trade better stuff, with better risk-reward. The 4h chart makes me nervous. Yes, there’s the glimpse of a pennant here, but I rather buy when the charts are clearer to me. The good news is the 20ma, which is going up and perhaps it’ll hit the price soon. This would be good, and would surely help me to trade PLTR, but it is too soon to say this. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
5
Let's give PLTR another chance! 😉The divergence on the RSI is one of the reasons why I’m cautious on PLTR right now. I don’t see it crashing or anything, but I’m just waiting for another pullback to trade it again. Our last trade was amazing, and I’m sure PLTR will give us another opportunity, but now it is not the time, it seems. Keep in mind that PLTR is right at a resistance in the 4h chart, and the RSI looks weird too. I prefer to wait for a decent pullback to the 22, or even the 23, if we see a good pattern over there. So far, I’m just an outsider, waiting for my next chance to buy it. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
1
Palantir Technical AnalysisUsing Elliott Wave Theory, we could say that Palantir is now entering a wave 3, which could protect us all the way up to $86-$126. The actual target will become clearer in the coming months. For now, we still need to get confirmation that a bottom is in. If/when we rally past the recent high of $24, I would be able to count a five-wave structure from the low, which would give us good confirmation that the low is indeed in. As far as a time frame goes, it’s hard to say when we will achieve this given target, but I think 12 months is a reasonable assumption. References Source: Author’s work
PLong
by allyhamed123
PLTR might drop, and this will be good! 👍Yes, PLTR did break the pivot point we mentioned yesterday, and it quickly hit its resistance again. I’m still waiting for a better risk-reward ratio, but I’m happy for those who did catch this trade. Now, the chart looks like a flag pattern, but I think it has to hit the 20ma one more time, at least. The 4h chart looks very overbought, and it is in a resistance. Since we already did a phenomenal trade here, I’m good just waiting. I would like to see it at the 22 again, but let’s see, maybe PLTR will do another bottom above it, like Tesla is trying to do. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
9
Soon we'll trade it, but not right now.Yes, PLTR gave us a good trade, but right now it is dropping and we have no bullish pattern around. Yes, one may say that the 23.34 is a pivot point, and that we just hit a support level at the 20ma, but look at the 4h chart: We just hit a resistance at 24, and the RSI looks overbought to me. I would buy it again if it corrects to the 22 area, but it feels it is too soon to buy PLTR again. Either way, I’ll keep sharing my ideas with you, and hopefully we’ll do another trade on PLTR, but only after a correction to the 22 area. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
7
PALANTIR - Hammer candle in the weekly!What is very noticeable is that the price ran in a zone defined by me (back in April) and formed a hammer candle exactly at the level! I justify it with the fact that the stock is very popular for retailers (in most cases they had their stops at this level). The hammer candle was accompanied by volume, which is also a positive signal. A short-term close above 27.50 would be important. Then the stock has chances of up to 35 in the next move! Should the price dip back below 19 and stay there, it would be considered as a negative signal for the chart. Prices below the hammer candle (17.05) activates targets around 13 (EMA 200 W) or even prices up to 8.92. D1: H4:
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by TizTrader
PALANTIR - Buy Setup Forming!PALANTIR is overall bearish, trading below our blue trendline but since it is approaching a strong demand zone in green we will be looking for buy setups to catch the next impulse. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? Our blue trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) We also have an inverse head and shoulders pattern forming (in red) adding more strength to our buy setup. Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, PALANTIR would be overall bearish and can still test the green demand or break it downward. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
PLong
by TheSignalyst
28
We had a great week here too! GL for who's still in PLTR! 😁And we finish this week with 16% gains on PLTR! Not bad for a week! Now I sold it at the 24 area, as we already have been planning since last week. Why did I sell it? First, it hit the target, the previous resistance. Second, the RSI was too overbought in the first 30min candle, around 90. Third, it hit the target by doing a huge candlestick, and usually this means we have an exhaustion bar. We see better the resistance at 24 in the 4h chart. And the RSI was pretty overbought as well. Now, PLTR left some huge wicks above the last candles bodies. All of this triggered a warning sign on my head to book profits. We’ll see what to do next week. I don’t see a short opportunity, but if it drops to the 21.93 or 20ma and does anything good, we might buy it again. Anyway, I'll keep updating you about my insights on PLTR. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
15
Palantir - Overvalued but Strong 👍-Palantir (NYSE:PLTR) stock is trying to make a comeback. Don’t feel bad for it since it’s still up 140%, which is five times more than the S&P 500. -Recently the bulls suffered a blow going into the earnings. It is relatively weak because it has shed 60% of its value from the January highs. The dip was an absolute opportunity to buy into it or add to current positions. Consider that my not-so-secret conclusion and I will back up my story next. -There are a few dozen stocks that are the weapons in the Reddit versus hedge funds battle. PLTR falls on and off it, so it is messing with the natural price path of a quality stock. The January super-spike artificially exhausted the buyers. The bulls are still trying to recover from it and rebuild the base for long-term success. -The Palantir profit-and-loss statement shows their progress in black and white. There is no speculation in knowing that they have $1.2 billion reasons a year to be optimistic. They doubled their total revenues since 2018. -The company still loses money but that’s part of being a growing business. Profitability is not as an important a statistic as growth. It is not cheap and it doesn’t need to be, just ask those who invested in Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) early. Impressive growth does not come cheap, and those who skimp will get mediocre results at best. -PLTR stock will do well for as long as the stock market is bullish. Demand for their products and services is but a guarantee for years. They do have competition but they started early enough that they deserve early-mover credits. IBM (NYSE:IBM) has been touting AI prowess for over a decade. These guys are beating them to the punch in making it an actual business.
PLong
by caldooninvestment
25
It broke our target! How to proceed now?Ok traders! PLTR didn't confirm the advanced breakdown we talked about yesterday, and today is flying again! Now the 22 was left behind, and it can even work as support next. For now, the $ 24 is the second target, but since it already broke our initial target, it is a good idea to sell something around 25 - 50% of the trade. The RSI tell that we are overbought in the 30min, and the 4h chart too. It is still worth to hold some PLTR, but let's be careful out there. If it drops again to the 22, or to the 20ma, I will just buy again. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
4
We are doing great, but I have good and bad news for you.Ok, my dear traders, we have good and bad news. Let's start with the bad one. PLTR has what looks like an advanced breakdown, as the RSI is losing its support, while the price don't yet. Also, we are right at the 22, the most difficult price level for PLTR to break in the near future. Now, the good news. We have a bull trend, and PLTR is going up, after it touched the 20ma, as we expected. Nothing here makes me believe it'll reverse this momentum. PLTR has more upside ahead, but I would not be amazed if it suddenly drops to the 20ma again. The advanced breakdown would be the first indicator of a correction of this magnetide. But the trend is still bullish, and PLTR keeps going up. I'll keep saying, the 24 is the target. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
PLong
by UnknownUnicorn21312077
4