Palantir Playing Playing Wave 5In this update we review the recent price action in Palantir and identify the next high probability trading opportunity and price objective to target
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Palantirtechstock
PLTR So much for the growth stocksArk Invest sold more than 2Mil shares of PLTR yesterday.
The options are also slightly bearish ahead of the February earning call.
Palatir Technologies expects fourth quarter revenue of $418 million with 2021 revenue growth of 40% to $1.53 billion.
The earnings are still negative, so looking at the mk cap, PLTR is trading at 16.6 times revenue.
Maybe a pullback to 9-10X revenue would be healthy.
My buy area is between 8,8 and 10.5.
looking forward to read your opinion about it.
Buying PLTR HereBuying Palantir here, down over 60%. Can go lower and I will cut with tights stops and bottom tick it. I dont see this company closing doors with their gov contracts. Not advise.
#PLTR Huge bear trap? 🐻Megaphone in progress📣 + RSI divergenceHi All, my main 3 take-outs from this analysis are the following:
1- Even though the situation seems to be compromised and price seems be heading to 17$, be careful bears, as the price is forming right now a rare megaphone, also called broadening bottom. It basically indicates that the price is charging and volatility is increasing in the perspective of a strong reversal move
2- Please note that there is a strong divergence between price action (lower lows) and RSI (higher lows) and I think it is realistic to expect a reversal soon
3- Keep in mind that we have another static resistence given by the down black trendline that the price will need to retest (and possibly breakout from!). Dec 27th might be a good date to try this breakout...
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
PLTR Bearish Idea (Short term) 120121One year support level at 20.24 has been breached.
Zooming into to 1M reveals three consecutive high RSI to low RSI moves. Each move lower resulted in sideways price action with a small move higher then subsequent lower move. The first drop resulted in a -18.63% decline, the 2nd -13.77%, and the 3rd a -8.88% drop, each decline approx 5% less then the last. Extrapolating this I would estimate the next drop to be approx -3.8% resulting in a $18.68 price, possibly a next support level?
Moving averages: 200 moving day average has been above the 50 since November 10 with the price action currently below both lines.
RSI: Oversold at 21.08, we could see a slight move higher soon before the next drop.
DMI: Red (bearish) trend line looks like it's gaining strength from an upward looking trend strength indicator (yellow line)
Current analysis: Short term bearish, however it's looking like it's poised for a breakout due to being so oversold, watching the $18.68 level. The bearish trend on the DMI looks like there could be more downward price action for the near term.
This idea is for informational/entertainment purposes, this is not investment advice. Please use caution and do your own research before trading.
PLTR Palantir Technologies PLTR what to expect next.PLTR has made a lower high and just closed below the previous higher low indicating a downtrend. on the move to down side if it closes below 20.5 we can expect it to move towards its major support at 17. If it doesn't break the 20.5 area we can expect a move towards 23.05 which may act as resistance if it make a up move
PLTR Target Price 28.38PLTR Entry Price 26.75
TREND LEVEL SIGNAL
Up Trend + Trend Line Level EMA 10 Level EMA 20 Level + Pin Bar
(Trend: Up Level: Trend Line, EMA 10, EMA 20 Signal: Pin Bar)
Palantir Technology SIDEWAYSPalantir stock completed its Pricewise correction but timewise correction is still remains maybe in next 3-6 months...stock will start move untill need to wait...
Palantir Technologies Inc. (PLTR) stock forecastPalantir Technologies Inc. (PLTR) is trying to pull back to a demand imbalance on the monthly timeframe located around $11.42 per share. Palantir stock price has been stalling and stagnating for a few months since last February 2021 after the stock surged to all-time highs at almost $45 per share.
It’s likely that you’ve already heard the news that Palantir (PLTR) just reported a strong Q2 2021. It is a fact that there will probably be plenty of coverage of those results, including the tremendous growth and increased cash flow outlook. Do we really need to know about Palantir stock forecast by taking into consideration the second-quarter results?
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
Not to the moon but to the core of the earthOverall downtrend, break of baseline PLUS breakout out of triangle formation. I got one word for you: SHORT. Target zone: core of the earth.
$PLTR $75 Price Target (End of Year) BIG NEWS WITH BWMFull Video breakdown on $PLTR
We just got news that BMW will be working with $PLTR
This contract is big in the sense that 60% of the contracts $PLTR has are with the government.
They also have done this with no commercial sales team or advertising. $PLTR has room to grow into the commercial section as data is just simply apart of our future. They have a lot of room to grow outside government contracts and this could be the catalyst to do so.
Palantir -Top and Bottom-Top and bottom are 130 and 4.75.
Above 130 the chart is worthless until we revisit the area below 130
Expect stronger resistance / profit taking at 85.
Expect support after that around 35.
GL
$PLTRHello, my Palantard friends. We are waiting for the earnings day. However, from the look of the chart, we are entering the bull phase pretty soon. Optimism is the key. Never let your emotions come on top. Patience is the key.
PLTR Falling wedge pattern! Look for a reversal!$PLTR Palantir Tech
Price Targets:
1. $27
2. $29
3. $32
PLTR has been seeing some strong declines over the past month making lower lows and lower highs and formed a classic falling wedge which is a bullish pattern. There is a divergence in RSI (was below 30 for the past few days) and RSI is currently around 45 again divergence in RSI is also a potential bullish signal.
PLTR broke out of wedge in the opposite direction today which is a sign of a reversal. Volume is relatively low. Need a good volume confirmation before opening a long position.
Good luck and trade smart! (not a financial advice)
$PLTR Perfect Bounce at $22! Next Bounce a Breakout?How's it going everyone! Hopefully you all have a great weekend! Here is a follow up Video breakdown on $PLTR going into March!
BUY THE DIP | READY TO POP $PLTRPalantir is primed for another run, will you tag along?
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Waiting for a strong confirmation on Monday to confirm but PLTR is looking beautiful into this close...
Tag along for some Easy Loot!
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PLTR is reacting to a key level at $22.59 as it looks to hold it as support. Today we seemed to have made our first test, would like to see a nice bounce Monday will confirm stronger support (bounce 4-5%). After we should see a nice run toward $31.5 to test as resistance before blowing past.
After we bounce & breakout:
Target: Long HODL (NEVER SELL)
2rd Target: $31.5
3nd Target: $37.98
Easy Loot Speculation $80-$120 minimum within next 5 years
DCJ
UNRIVALLED - Palantir Technologies $PLTR - The Final Alert“We’ve seen this before with other lockups. People sell them leading up to the lockup period expiring, and then they have a bit of a relief rally,” said Ryan Jacob, chief executive of the Jacob Funds, which does not own Facebook shares.
In August, shares of the online reviews website Yelp Inc surged by more than 20 percent on the day that insider trading restrictions expired. That stock’s rally was boosted as short-sellers scrambled to cover their positions when the expected flood of selling failed to materialize, say analysts. - Reuters, on Facebook lockup expiration
At last, the end game has arrived for Palantir.
I have been working on this trade since before my Jan.8 Idea, and now it all comes to fruition!
As of today, lockup expiration is over, and short sellers are hoping that insiders sell, with a 70%+ borrow fee, and no more shares available.
We have seen the massive institutional demand at 25, with 300M volume (4x avg volume), and this floor seems unbreakable.
Cathie Wood herself went on CNBC to speak about Palantir... "Palantir is the future", were her words.
With no more negative catalysts, and the greenlight from the big banks, there is only one direction left for Palantir Technologies.
Palantir is one of a kind... Unrivalled.
Palantir should bounce here/ LONGPalantir is in a strong uptrend and I am expecting it to continue pushing higher, we should see storng PA at this level.
