PTLR ABOUT TO RISEPTLR is in the buy zone and about to turn around. I am making a buy and taking profits at $16.60 when it passes 17.14 I am buying and taking profit again at $22.30 and again in the $26.50 ranch which it should be reversing..
History has shown us that resistance support are strong in these price ranges. We will see!
In this market it may bounce between the last and second level but eventually make it over $26.52.
PLTR
$PLTR Would love to see this bounce!I think the fundamentals are great but for technicals, I would wait to see if it bounces from $11 and base around 14-15$ area for a long position (short-term). Below 11$, I think this one is a steal. Good for long term.
Disclaimer:I've been accumulating for long term
PLTR. This Future Move Makes Sense. RE-POSTED.NYSE:PLTR was in a rising wedge before it made the recent 43% drop. Now, on the weekly, it appears to be forming a falling wedge . What this means is that we see at least one lower low, before we can break the top of the falling wedge , and eventually reach all time high. Currently, the falling wedge is not confirmed because we have only two touches on its bottom side. Moreover, RSI is sinking lower and lower with each new low. We wait to see a lower low corresponding with a higher RSI low, forming an RSI divergence. When that happens, then we have a trade setup with 80% to 100% upside, depending on where bullish confirmation occurs. For now, we just wait and see.
Some Thought's i had on Friday before close Please don't mind my lousy grammar as i had no time to really work on it , im sure you could imagine why
Why the Feds Got it wrong And Cathy’s Got it right
In recent there has been turmoil in the market place as to the inflationary pressure that we have noticed in the recent economic data such as the PPI and the CPI reports. The feds most recent hawkishness causing great distress to the market turmoil that we are currently witnessing. Given that the markets are a forward indicator the market is repricing in the data to the current per share price, but why is the market not finding a bottom ?? simply said the market is unsure ….
The market is telling us something, something the market sees but the feds don’t !! something is wrong !! what is it ? it’s the softening of one of the most robust pandemics ever. We are starting to see the economy of the pandemic unravel which is prevalent in a company such as PTON ( Peloton ) Or NFLX ( Netflix ) which have both recently reported. Further I would add that the issue in our supply chain which was apparent in the demand and boost to the economy (because of Fed fiscal stimulus) in my opinion has been the catalyst for the inflationary concern that and covid. I suspect that we will continue to see weakness in the chip makers and any other recently left over covid trade. The end of the day raising interest rates and a softening economy is a recipe for disaster. Which to me brings up point number two
Why do I think Cathy’s got it right ?
Her timing may have been bad but her trade idea is right. I believe that as the case for the feds which is unfolding before us takes to its bottom, that there will be a reverse in companies such as the growth stocks that have been taking the brunt of the market’s punishment for the last year. I believe that their growth in a tightening interest environment is detrimental to their price expansion over the next 2 years. As these companies continue to show strength in this environment it will be the catalyst for their interest by investors in the companies. I particularly am talking about PLTR (Palantir) that has been growing by 30% yoy and is profitable. Granted they are trading at an extreme multiple on there PE but comparative to industry favorites and this company is having a fire sale on their common shares. This will all be apparent in upcoming earnings
All said apart from the concern of the raising interest rates , I still believe the economy is still in expansion , but in the expansion we were pre covid
The above is my opinion,
PLTR
Stay tuned for follow up ,
Single digit Palantir..!PLTR could cross below 10 soon!
Best,
Moshkelgosha
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5 Wave Analysis PalantirHello dear traders and investors,
As far as I understand, we are in the wave 5 of the wave 5. We surely can see some correctrion up to 24$, if the wave 5 already have ended.
It would be nice top hear your ideas and views about this interpretation of Elliott Wave Principle on the example of Palantir stock
PLTR TECHNICAL UPDATELong term investment banger Palantir.
No debt, efficient business model where its operated via cash flow, although burning enough of it to focus on R&D, this company has enough experience to manage itself considering it has been operating within the government sector for the past decade, it has an accelerated growth company with 3x yoy revenue increase, looking into broaden itself into the commercial sector.
This stock imo is my next outperformer, with target prices reaching to 120% gains within the next 6 - 12 months, 300% within the next 18-29 months.
Considering this stock is at an unbelievable buy zone and has fallen way under its intrinsic valuation. I am personally making this 80% of my portfolio.
On the technicals side, way oversold RSI, great bounce on the .786 retracement with a 5% move up, a forming inverse head and shoulders pattern, and to conclude, 3 exhaustion gaps seen within the chart each of them having a near 70-80% chance of getting fulfilled.
Lots of interest on the reddit community, making this stock the signpost of wallstreetbets.
Im jacked to the tits on this stock now that its so cheap and would look to hold it for the next 5 years.
Not financial advice.
LFG
pltr ~lot of people have been bullish on pltr, but have gotten wiped out with this larger phase of accumulation.
i'm here to bring you guys some hope
i think pltr is finally finished correcting, and will begin the ascension from here
conservative target sits at $66 at the -0.236 algo target, but it can most certainty move a lot higher over time.
PLTR, Daily , Butterfly Harmonic ShapeNYSE:PLTR
--------------FOR OPTION CONTRACTS --------------
Daily Chart = Min 1-2 Months, Hold 2-4 Weeks
---------------------Disclaimer ----------------------
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
$PLTR - Weekly TF Analysis (log scale)Plantir has a pretty clear count. The only thing that throws in some confusion is if you use a log scale or arithmetic scale. Both scenarios result in the same conclusion for the short term....its time to buy!
On the arithmetic scale, we have reached the 78.6% retracement and the weekly RSI is very close to oversold levels. We could see a bounce for to hit the RSI trendline followed by a last sell off to complete wave 5 of the Y leg of the wave 2 correction.
On the log scale, we've just reached the 61.8% retracement. The weekly RSI conclusions remain the same as above, and the lower degree count is still the same. We have a wave 4 higher which will likely bring us to between 19.50 and 21.50...we could go as high as 22.70 but that seems unlikely unless other growth names are surging and there is some news about the business itself.
The arithmetic 88.7% fib and the log 78.6% fib both land around the $12.50 mark and that's where im expecting this correction to end, potentially around the end of April 2022
Looking for the next TSLA? NYSE:PLTR has dropped ca. -64.24% from is ATH and on the way down it began forming a H&S pattern beginning from May 13 2021 and completed formation... today 06 January 2022. This is the distance from the neckline and down that we usually are looking for in H&S patterns for taking profits. In the meantime what has PLTR done to improve its business? simply closed contract after contract after contract. Thats right 3 contracts in just the past two months alone.
Sitting on 1.52B dollar + Knocking ER after ER out of the park (If you ask me) + Reinvesting in R/D + Extremely competent teams + Best of the best employees + "good at products, bad at sales" + Eccentric CEO = This reminds me exceptionally of TSLA back in the day.
I got TSLA at $90 and still holding onto it ofc.
People since then has been on the look out for the next TSLA stock like (looking all around EVs won't get you there because well... TSLA dominates there) So where to? Right here baby, PLTR. This is a no brainer. DCA all the way to at least $500. Thats my medium PT at around ultimo 2023.
Not financial advise. Do your own DD.
PLTR 4h Channel breakouttrade LONG !!Hello trader,
Nice weekend and profitable deals 💲
NYSE:PLTR 4h
⬆️ Why is my gaze directed south:
✔️ PLTR is above strong support
✔️ PLTR broke the downward channel
✔️ PLTR is in the area of 2 Trend Based Fib-Time
✔️ PLTR has achieved the goal of the rising wedge
⛔ STOP and 🤑 Take Profit see in the chart
I would like to mention that all I post are just options and my own opinion!
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
If you have any questions, let me know
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks for reading my ideas,
Trade save !!
PLTR PALANTIR - Triangle in progressThe course of Palantir NYSE:PLTR appears to be in a compression triangle.
In the short term, it is heading towards the support of $ 17 (end of wave C). Then it will probably retest the $ 21 (wave D) before returning to its old support (wave E and end of the triangle).
After that, it either breaks the green downtrend line and we are off to pick up his old ATH or back to $ 10.