PLTR volatility ahead! more volatility ahead as market digests decreased Fed funds rate cuts in 2025.
buy target at 90$ AFTER we fill the gap on 15min chart near 71.2-71.5 level imo..
looking to trade this setup via 80$ strike call option contracts for 1/10/25 & 1/17/25 expiration dates
after 90$ is reached, still anticipating additional volatility back down to 65-68$ range one final time before Inauguration Day. After that, I think this turns strongly bullish once again and runs above 100$
PLTR
12/22/24 Weekly Watchlist + NotesAMEX:SPY - Huge sell off across the board from FOMC news on Wednesday. SPY sold off down through previous Broadening Formation range reclaiming previous downside pivot just below 684. So with that in mind, we expand out of the BF below that pivotal low, or come back through range above it. With SPY currently setup to potentially go 3-2 daily, we look to see whether fridays high or low gets taken out. Being above the pivot at 684, we are looking to come back through that BF range and make new ATHs as of now. Of course this can all change depending on whether our W is green or red, but for now we are closer to making a daily HH than a LL. With Christmas being this week, the markets close 2 hours early on Tuesday, and re open on Thursday. Being a short week like this, we need to be extra cautious as there will be lower than normal volume, and simply less time for the weekly candle to form, so expectations on a large move this week as most seem to be predicting, may not happen for the prior reasons. Personally will not be trading Tuesday and possibly not at all this week if I don't see absolute A+ setups.
Watchlist:
Bullish:
NASDAQ:NVDA - Pot. 1-3-2U Daily to trigger failed 2D hammer week. Swept BF lows this past week. Looking to come back through range. This is a big name for the markets, so I expect that if the markets are recovering, this will lead the way or follow with it
NASDAQ:MU - 2-2U reversal potential daily to target gap fill from ER. We took out weekly BF mag on friday, hitting exhaustion levels after finally escaping the motherbar it was stuck in for the last 11 weeks. One side gets toasted, magnitude is hit for W and M. All the ingredients for a big recovery. Only issue is being stuck in last weeks range
NASDAQ:PLTR - potential 3-2D for a simultaneous weekly 2-1-2U trigger. Nuclear green on all TFs. Slight room to go to target ATH again, but mainly looking for the weekly inside up measured move, meaning if we go 2-1-2U, we can expect the same move up as we had in the week prior to last weeks inside bar week.
Cruise Lines: NYSE:CCL + NYSE:NCLH Weekly hammers. NYSE:RCL Not a clean weekly AS, but similar daily to other names in the industry.
Bearish:
NASDAQ:TSLA - 3-1 4Hr to trigger MoMo shooter Daily to trigger Shooter Weekly 2-2. Daily PMG to target from ATH Exhaustion. (Big green day for most names Friday, why was TSLA so bearish with such relative strength lately?)
NASDAQ:AVGO - Shooter 2U Day to trigger 2-2 shooter week. Huge gap up from earnings. Looking to attack the gap.
NYSE:KO - MoMo Shooter 2D day to trigger 2-1-2D week. Having issues making range lately, but daily BF is targeting lower still, and weekly 2-2d has yet to be negated. Inside week will confirm more downside to target our BF magnitudes on the D and W, or it will be negated by a 2U week. Simple plan here. Short under prev week low, exit if back above.
NYSE:UBER - MoMo shooter 2d Weekly to reconfirm M 2D and Q 2U going 3. Check Monthly for the BF. Wanna see continuation lower to Q mag at 54.84. No daily AS but 3-1 4HR. May be a slower mover on the list. Basing all my decisions on the weekly as the momo shooter should simply just trigger and work
Price target $35 remaining underweight for FY 2025- Ugly draw downs for NASDAQ:PLTR next year.
- Fundamentals don't support the rosy valuation. Stock is priced more than perfection.
- Investors expectations are way to high and will met with disappointment in upcoming quarters in FY 2025
- FY 2025 will likely trap bulls and lead to severe corrections at much lower levels than Twitter bulls claiming PLTR to the moon 100+
Strategy 2025. Introducing Palantir, BTC Killer Of The Year 2024It's gone 3 months or so since Palantir stock has joined on Friday, September 20 Stock Top Club, also known as S&P 500 stock index SP:SPX .
Palantir was one of the strongest contenders for inclusion in the broad market S&P500 Index.
This inclusion, as well as Dell (DELL), came after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier in this year 2024.
Since that, Palantir stock became the best (i.e. #1) S&P500 index performer this year, with current +375% YTD return in 2024, being highlighted at 80.55 USD per share - the new all the history peak reached last Friday, December, 19 at regular session close.
What is most important also, even recent Federal Reserve (The US Central Bank) hawkish projections on monetary policy in 2025 were not able to stop the only game in the city, or even make a pause on Palantir leadership.
Since Palantir stock is rallying 7th month in a row, the stalkers remain decently far away, swallowing the galactic dust of Palantir shares.
Judge for yourself.
One of the nearest pursuer, Nvidia Corporation NASDAQ:NVDA (# 4 out of all S&P500 index performers in 2024) is nearly to finish the year of 2024 with +170% return, i.e. lagging against Palantir behind twice.
The quite similar things happen with the most popular and heavy c-coin, also known as Bitcoin BITSTAMP:BTCUSD that is currently +130% YTD return in 2024.
What is most important also, Palantir stock outperforms both - S&P500 index, Nvidia Corp. and Bitcoin 7th straight month in a row.
In human words that means, Palantir stock monthly returns (every single month from May to December 2024) were better against each of mentioned above assets.
What is Behind this?
On November 4, 2024 Palantir Technologies has announced financial results for the third quarter ended September 30, 2024.
“We absolutely eviscerated this quarter, driven by unrelenting AI demand that won’t slow down. This is a U.S.-driven AI revolution that has taken full hold. The world will be divided between AI haves and have-nots. At Palantir, we plan to power the winners,” said Alexander C. Karp, Co-Founder and Chief Executive Officer of Palantir Technologies Inc.
Q3 2024 Highlights
• U.S. revenue grew 44% year-over-year and 14% quarter-over-quarter to $499 million
• U.S. commercial revenue grew 54% year-over-year and 13% quarter-over-quarter to $179 million
• U.S. government revenue grew 40% year-over-year and 15% quarter-over-quarter to $320 million
• Revenue grew 30% year-over-year and 7% quarter-over-quarter to $726 million
• Closed 104 deals over $1 million
• Customer count grew 39% year-over-year and 6% quarter-over-quarter
• GAAP net income of $144 million, representing a 20% margin
• GAAP income from operations of $113 million, representing a 16% margin
• Adjusted income from operations of $276 million, representing a 38% margin
• Rule of 40 score of 68%
• GAAP earnings per share (“EPS”) grew 100% year-over-year to $0.06
• Adjusted EPS grew 43% year-over-year to $0.10
• Cash, cash equivalents, and short-term U.S. Treasury securities of $4.6 billion
• Cash from operations of $420 million, representing a 58% margin and $995 million on a trailing twelve month basis
• Adjusted free cash flow of $435 million, representing a 60% margin and over $1 billion on a trailing twelve month basis.
Is the stock growth fundamentally deserved? Definitely, "Yes".
Palantir stock Alpha
What is Alpha?
Alpha (a) is a term used in investing to describe an investment's ability to beat (outperform) the market, or its “edge.” Alpha is thus also often referred to as excess return or the abnormal rate of return in relation to a benchmark, or any other asset (even against simple sitting in a cash) when adjusted for risk.
The main graph represents a comparison across Bitcoin and Palantir stocks. Since Palantir outperforms BTC twice over the past 12 months (watch lower "percent bar chart" subgraph), so why isn't to continue the play, by staying in a long with Palantir, and kill "the new oranges" respectively.
Palantir: Target Zone Ahead!We now primarily assume that Palantir’s turquoise wave 3 has concluded at $82.72. For the ongoing turquoise wave 4, we have outlined a matching Target Zone (coordinates: $59.15 – $51.84), where the price should complete its interim correction and realize an upward trend reversal. However, as part of our alternative scenario, there is a 33% chance that the price will surpass the $82.72 mark directly to develop a higher high of the turquoise wave alt. 3.
Doesn't make any sense a drop, right?It makes no sense that this company is dropping today, but there is a reason for it: it was forming this massive symmetrical triangle that aims to take us to a new high. In fact, it left two vectors with a formation waiting to be completed, perhaps today or during this important week of the FED meeting.
PLTR to $80 by EOYPLTR had a great day today, and has had a great month so far following an earnings report that beat estimates. Using the Magic Linear Regression Channel we can see that PLTR broke out of a 2-year long channel at the beginning of the month (November 2024) following it's earnings report.
This means that its price structure has a brand new change of character. Using a second Magic Linear Regression Channel , we can create a new channel based on the pivot high prior to earnings and the pivot high prior to today. However, PLTR is also breaking out of that channel. By adding an additional outer Fibonacci band to the new channel, we can see that PLTR has a potential area of interest at around $80 - a 10% move.
If the new channel is valid, then this can be the first area where we might see a correction in a bullish scenario. Since PLTR is already at the top of the new channel, it could potentially bounce back from there, but it's already moving up in post-market trading, so, I'm guessing that bearish scenario is less likely.
Barring some crazy world events, I'm guessing we can see a steady move to $80 before seeing any kind of major correction.
Is $POET the next AI RUNNER?! 86% UPSIDENASDAQ:POET
A great looking H5 Setup that just needs a breakout!
Warning: High Risk/ High Reward Small Cap
-H5 indicator is GREEN
-Pennant breakout that needs a retest. Measured move is $6.13 which puts us to a breakout of the Cup&Handle!
-Williams Consolidation Box needs to create support and bounce in order to be live! A big pullback to retest the Pennant breakout then bounce would be a perfect area for an entry into this trade.
-Large Volume Shelf with nothing but SPACE above.
📏$6.13 🎯$7.75 📏$11
Not Financial Advice - NFA
BUY OPPORTUNITY COMINGPLTR has been slow to get off the ground, but treading below 30 has proven to be strong long term accumulation. That said, while the structure is a little unclear due to it’s recent parabolic nature, there is evidence in possible counts that a pullback is near, and will possibly create a buying opportunity. With the lack of weekly divergence, I would lean toward a wave three top being near, with a target in the 70 zone. The wave 4 pullback will like target the 50 zone, but could be as low as the 40 zone. If correct, I see value in buying the dip for long term growth.
PLTR: Bears are gonna hate me for this one...We're just getting started.
Based on wave theory we're technically on wave 3 of our impulse moves (which is always the strongest). We may reach 68 or even 78-80 for a 423.6% extension before correction wave 4.
From there, I believe 2025 will continue to be a bullish year and the final wave 5 will take us to further heights, at least to 120-140
The thesis for PLTR that everyone will be talking about -- which many Palantarians who have been investing since 6 - 15 -- is that their total addressable market... Is total. I mean, everything. Palantir's software will be in every enterprise, every government system, a part of every operating system.
The valuation does not, I repeat does not matter when within an impulse move. That's the point of the impulse.
Best of luck everyone. This isn't me telling you to trade or do anything. Just presenting what I believe I see.
PLTR: Holding Above its Critical Support Line!Daily Chart (Left)
Pullback Signal: There’s a potential pullback signal on the daily chart, indicated by the yestterday's bearish candle, and PLTR is trying to lose its low today. This could suggest that the price may retrace to lower levels before resuming its trend, however, it needs to lose its key short-term support level first, which we'll talk about soon.
Fibonacci Retracement Levels: The chart includes Fibonacci levels, with 38.2%, 50%, and 61.8% retracement lines drawn as potential support zones for the pullback. These levels are likely areas where buyers may step in if the stock pulls back further.
EMA Support: The 21-day EMA is positioned below the current price, acting as dynamic support. The stock remains above this EMA, indicating a bullish trend, although a pullback to the EMA could be possible.
Hourly Chart (Right)
Short-Term Support at $58.57: The hourly chart shows $58.57 as a significant short-term support level. Holding above this level is crucial for the stock to maintain its upward momentum in the short term. If PLTR loses it, then it'll possibly trigger a mid-term correction to its support levels described on the daily chart.
Trading Implications:
PLTR is experiencing a potential pullback after a strong rally. The $58.57 level on the hourly chart is a critical support to watch. If PLTR fails to hold above it, then the retraments will be our next stop, and then we'll see if PLTR will be a buy again or not.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
$PLTR Potential Movement (11/11/24)What a week for $PLTR! There’s a new heavyweight in the game, and they’re here to stay. With no clear resistance in sight, let’s turn our focus to the key support zones:
We’ve got a higher high and break of structure at $58.28, the closest to the current price, followed by another at $56.24, and a higher low at $53.91.
Keep these levels on your radar—any bounce here could fuel another strong run!
As always, stay disciplined and lock in those profits!
David
Diz-Plin Trading
PALANTIR: Extremely overbought. High probability sell to $40.Palantir is vastly overbought on its 1D technical outlook (RSI = 79.771, MACD = 3.330, ADX = 33.075), even the 1W RSI is on extreme levels (80.789) and that alone would be a good enough reason to sell. The picture gets even clearer on the 1W timeframe where the price has almost reached the top of the 2 year Channel Up, having completed a +241.84% rise from the January 2nd 2024 bottom and almost +172.53% rise from the August 5th bottom. Those are the symmetrical rally levels from the December 27th 2022 and May 1st 2023 Lows respectively. The result on that HH rejection was a test of the 0.382 Fibonacci level. That is our target (TP = 40.00).
See how our prior idea has worked out:
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PLTR Back to ATHsBounced off the .382 fib retracement with only ATH remaining. Lots of bullish momentum and TA has been smooth as well. Possible S&P 500 inclusion in September could also be driving price action from "smart money."
Flow into calls has been increasing with a few big orders above ATH have been spotted
Can a Crystal Ball Really Predict the Future of Tech?In an era where artificial intelligence promises to reshape the technological landscape, Palantir Technologies has emerged as a testament to the power of long-term vision meeting present opportunity. The company's remarkable third-quarter performance, marked by a 30% revenue surge to $725.5 million and doubled net income, isn't merely a financial triumph—it's a validation of two decades spent perfecting the art of data analytics while others were still grappling with its fundamentals.
What sets this trajectory apart is Palantir's unique ability to bridge two seemingly disparate worlds. On one side, its deep-rooted expertise in government and defense contracts, evidenced by a 40% growth in U.S. government sales to $320 million, demonstrates unparalleled capability in handling sensitive, mission-critical data. On the other, its commercial division's explosive growth, particularly in the U.S. market with a 54% revenue increase, reveals an organization that has successfully translated complex government-grade technology into practical business solutions.
The company's strategic positioning, however, tells a more intriguing story beyond the numbers. While competitors scramble to adapt to the AI revolution, Palantir's Artificial Intelligence Platform (AIP) represents the culmination of years spent understanding the nuances of data integration and security. This foundation, combined with innovative approaches like their hands-on "boot camps" where clients work directly with Palantir engineers, suggests that perhaps the company named after Tolkien's all-seeing orbs has indeed developed a knack for anticipating the future of enterprise technology.
PLTR: Explosive Move! New ATH After Earnings Report.Daily Chart (Left)
Explosive Move: The price surged more than 20% following a strong earnings release, indicating high investor interest and strong buying momentum.
New Support at $45: The $45 level, previously acting as resistance, now serves as a potential support according to the principle of polarity. Monitoring this level is crucial for any pullbacks or consolidations. Therefore, even if we see PLTR losing momentum, any pullback to the $45 won't ruin the uptrend.
Strong Uptrend: The moving average (21 EMA) supports the ongoing bullish trend, with the price well above it.
Weekly Chart (Right)
All-Time High Breakout: The price has broken past its previous all-time high, confirming strong bullish momentum on a larger time frame.
Sustained Upward Trend: The consistent uptrend since mid-2023 continues with increasing strength, supported by a steep rise in the weekly 21 EMA.
Trading Implications:
PLTR is currently experiencing strong bullish momentum, marked by an impressive breakout following earnings. The $45 level is crucial to watch for potential support on pullbacks. The trend remains bullish as long as the price stays above the 21 EMA and the support level holds.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Clear Winner in Enterprise AI | Over $45, We're Long to $70NYSE:PLTR
Palantir has proven they are the clear leader in enterprise AI. This company has a massive runway. 30% year-over-year growth, 38% margin, Rule of 40 score of 68.
Think $NASDAQ:NVDA.
Our entries are stacked down at $7-$10. However, there is a bullish trade here above $45 to trade to our next long-term target of $70. To play it safe, we will be taking some profit mid-$60s while holding the majority of our position long-term. We expect this to be a $10 trillion dollar company.
Ove $45, We Going Long to $70NYSE:PLTR
Palantir has proven they are the clear leader in enterprise AI. This company has a massive runway. 30% year-over-year growth, 38% margin, Rule of 40 score of 68.
Think $NASDAQ:NVDA.
Our entries are stacked down at $7-$10. However, there is a bullish trade here above $45 to trade to our next long-term target of $70. To play it safe, we will be taking some profit mid-$60s while holding the majority of our position long-term. We expect this to be a $10 trillion dollar company.
$PLTR might go up to $57 after Q3 FY24 Earnings report?
NYSE:PLTR Palantir soared over 14.2% after Q3 FY24 earnings report:
• Net dollar retention 118% (+11pp Y/Y).
• Customers +39% Y/Y to 629.
• Revenue +30% Y/Y to 726M (22M beat).
• Non-GAAP EPS $0.10 ($0.01 beat)
. FY24 guidance:
• Revenue +26% Y/Y to 2.807B (+61M).
• Adjusted margin 38% (+3pp).
It will probably break above the resistance of previous high today.
But where will the price rise to?
To answer this question, we make comparisons with previous gap up candles which has broken above an important resistance level.
In Feb 05, it soared over 30% after Q3 FY23 earnings reports, and after that, it went up for another 25%.
In Sep 09, NYSE:PLTR soars over 14% toward record highs as the stock is set to be added to the S&P 500. And after that, it has risen for another 30%.
Therefore, it might go up to 57 if it break above the resistance of previous high today, according to similar historical price actions.
what's your opinion?