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PLTR

PLTR: Impressive reaction! What's next for us here?Hello traders and investors! Let’s see how PLTR is doing today! As we expected last week, it is flying nicely. We see a clear bull trend in the 1h chart, as the red arrow is a trend line that is working as a nice support level for us. We retested this support last Friday, and today we are flying, as expected. Since we went up too much, too fast, there’s a chance that PLTR will correct, and that’s ok. Since it is a bull trend, pullbacks are opportunities to buy. We don’t see any bearish structure around. Now, let’s see the daily chart for more insights: Ok, PLTR defeated all its short-term resistances, and this reinforces our bullish thesis. We are leaving the 21 ema behind, and the next resistance is the $ 29 area. Probably we’ll see pullbacks along the way, but again, these would be just an opportunity to buy. PLTR is engaged in a bull trend since it hit the gap area at $ 23, and it found a bottom there as we thought. This is a good sign, and the only thing that I miss is a good volume. However, we see much more bullish signs than bearish right now. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you! Have a good day!
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by Nathan_The_Finance_Hydra
5
PLTR, the next Generational Company! Time to start DCA!Palantir is the best SaaS company to buy this year, next year and the following years. Right now, the accumulation happening is crucial. The next leg up that will happen (2-4 years) with bring it to 40, an 80% move. A golden cross happened (buy orders taken) so technical analysis is bullish. My discounted free cash flow model gives me a price target of 38. What do you guys think of Palantir as a long-term investment? Feel free to write it below!
PLong
by Fed02
$PLTR - Ready to pop? (multi-analysis convergence)This is one that i've been watching for a while now. Im going to look at this price action using 3 different methods: Elliot Waves, Pitchforks, and Volume Profile (with some anchored VWAP and MA action) Based on the EW analysis, we are in an intermediate wave 3 (yellow) of primary wave 3 (green) of cycle wave 3 (white), giving us a triple nest. If you look at the modified Schiff pitchfork, we got rejected off the median during the Sept 17 high, found support at the 1.618 line and are now holding that support. On the Volume profile, we got rejected off the high volume node (which coincides with the median line of the pitchfork and the wave 1 top from EWT) and are now consolidating off of another large high vol node, and sitting right underneath the POC line (red dashed), having bumped up against it several times now. If you take the YTD Anchored VWAP, we are also sitting right on top of it, and right underneath the 200 SMA creating a pinch point. If we get above 25.50-26, we will clear the volume node leaving us wide open to hit the previous high of 28-29, and clearing that, all the way to 40. If we do break the 1.618 pitchfork support, we could fall to the 2 line, and test the bottom of the current volume node around 22.90, giving us a double bottom pattern at the previous resistance turned support level.
PLong
by ir-rizzle
6
PLTR: It found its bottom! What to expect next?Hello traders and investors! Let’s see how PLTR is doing today! First, in the 1h chart, we see a crystal-clear bull trend, as it is doing higher highs/lows. The trend is not as strong as we would wish for, but it is looking good. The $ 24.71 is a key point for us, as it was the previous top, and it is supposed to become a new resistance for us, and at the same time, a pivot point. Now, let’s see the daily chart: Since PLTR found a support at the gap area, it has been trying to react. The reaction in the 1h chart it is a good start for a possible reversal in the mid-term, but it feels like the $ 24.71 is the most important price level for us here too. The $ 24.71 is a pivot point, and it is close to the 21 ema in the daily chart, which is still falling and pointing downwards. By breaking these 2 resistances, PLTR could easily fly again to the $ 29 area, as we don’t have any other meaningful resistance until there. There’s something missing, which is the volume. This low volume is depressing, but the price action is clear. We have some very good signs on PLTR, but we must wait for more confirmation. If you liked this analysis, remember to follow me to keep in touch with my daily updates! Have a good day.
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by Nathan_The_Finance_Hydra
9
PLTR: Trading near its bottom!Hello traders and investors! Let’s see how PLTR is doing today! As we thought in our last analysis, since PLTR lacked stronger bearish structures, it stopped at the gap area, which is working amazingly well as a support level. Now the bias is not bearish anymore, as the 21 ema got flat, and it seems PLTR wants to reverse. The $ 23.97 is a pivot point, and by breaking it, it’ll trigger the next movement to the $ 24.94, the next resistance. Now, let’s see the daily chart for more clues. Here we can see better, how the Gap worked as a support for us and the $ 23.19 is now the floor for PLTR. Since PLTR dropped too fast since the $ 29 area, it won’t be easy to reverse and resume the bullish bias, but the bullish reaction seen just above this support level is a good start. The only thing missing here is a good volume, and the price is still under the 21 ema, so let’s be careful. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Support the post if it helped you! Have a good day!
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by Nathan_The_Finance_Hydra
2
Palantir..... a case of accumulation Idea is based on Wyckoff theory. Although the price action has elements of distribution present (e.g. the lower low on the secondary test in phase B which could indicate a minor sign of weakness), I believe a more probable scenario is that we are currently still in an accumulation phase. Price held at the selling climax level and both supply and downward result decreased afterwards. We either are in the last phase of weak hands shake out where we will get one more test and upwards price movement, or we get a spring like action to capitulate weak hands and we resume to the upside from there.
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by NQunlocked
$PLTR Next Move? Hello Trading Legends, Let's have a quick look at one of the most popular ticks lately - $PLTR. I've been trading it quite heavily in the past and the results were more than satisfying! It's not a secret the stock took quite a lot of beating lately, however PALANTIR managed to build some sort of cult and it reminds me of the early days of Tesla. The Stock is trading sharply up today after announcing a massive $800M contract with the U.S Army. It needs to be noted that's a contract expanding over 7 years period, which makes it around $130M per year. Not a substation amount of money when you compare it to PLTR's $45B market cap. Government contracts are always solid signals and this one is not a small one either... would that make $PLTR too big to fail and would that bring more contracts? I guess we have to wait and see... Based on the current information and data it's hard for me to predict what the stock will do. I absolutely love the company and the stock, however at the moment I don't see any strong signals in what directions the stock might go. Will sit and observe but for now I'm staying neutral. My first post here, hope you liked it. Good luck and may the odds be in your favor, Trading Legends! Noir21
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by Noir21
PLTR LONG. WHEN TO BUY? TARGETSPalantir Technologies Inc. shares rallied in the extended session Tuesday after the data-software company said it was selected for a U.S. Army intelligence program contract. The company said it won a $823 million contract to provide the Army with its Gotham platform, which is “an operating system for defense decision making and is specifically designed to connect the dots between disparate sources,” Palantir said in a statement. Two buy zones here, and two targets. PLTR becomes fundamentally important system company. That's the point, not only money from the single contract like a ones time idea. My congrats to holders!
PLong
by THG_trader
WATCHING $PLTR - Key Levels & AnalysisWATCHING $PLTR - Key Levels & Analysis PALANTIR Technologies made a nice after-hours move up 13.2% due to landing a $823 million contract to provide the Army with its Gotham platform, which is “an operating system for defense decision making and is specifically designed to connect the dots between disparate sources,” Palantir said in a statement. (Source:MarketWatch) It jumped & closed beautifully above the 20MA making it a possible play for tomorrow. ———— Red = Resistance Green = Support Blue = trend lines 180 EMA = Purple I am not your financial advisor. Anything can happen… I’m just posting what I see… but the risk is on you if you decide to trade the setup with me. I certainly don’t win them all so be mindful of your position sizes and do your due diligence. I’m happy to answer questions to the best of my ability.
PLong
by SPYder_QQQueen_Trading
1
PLTR: Just filled a gap! What's next?Hello traders and investors! Let’s see how PLTR is doing today! We had a Red Monday yesterday, and PLTR crashed along with the rest of the market. Now, what’s for us here? First, let’s keep in mind that PLTR just filled its gap at $ 23.19, and now we have the beginning of a bullish reaction. This candlestick pattern could be a Harami, which is not the best reversal pattern, I agree, but since it is near such a good support level, the odds of a reversal increases dramatically. In addition, PLTR has been dropping since Sep 24, but the volume was below the average. This is another sign that PLTR has been dropping just because it has been following the market. We still don’t see any meaningful bearish structure that could sustain this drop for too long. In fact, there’s a good chance that we just hit the bottom for now. What we must see is a clearer bullish structure in the 1h chart: If PLTR closes above the previous support level at $ 23.67, it’ll be a good sign, but what we really must see is a bullish structure. So far, PLTR has been doing lower highs/lows, and as Dow would say: Trends persist until a clear reversal occurs. This week is going to be decisive on PLTR, and if you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day!
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by Nathan_The_Finance_Hydra
5