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PLTR

Trade Idea on PLTR. What we are expecting before taking action.Today, we will look at a possible setup we may take on PLTR if everything goes as expected. a) At the moment, the price is making contact with a relevant resistance level. That's why we want to see a breakout attempt before taking action b) Whats are we waiting for? We want to see a correction with similar proportions to the oval you can see on the chart. Why? Because it is a similar size to a pattern that has already happened in the past. c) If that happens, the trading scenario is simple to understand. We will execute setups above the oval. Stop loss below the oval. Break-Even level on the line that says "protect your setup." Final target at the end of the 2nd green arrow (42.50) d) What about risk? We will risk 1% of our trading capital in a scenario like this. That means that if the setup is executed and then the price goes straight to the stop loss, we will close our position with a -100USD (assuming we have a 10.000USD account) e) The expected time for a movement like this in case the corrective pattern happens as expected is between 20 to 30 days Thanks for reading!
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by ThinkingAntsOk
2
Win Big and Lose Small storyAugust 2021, was one of the best months for me. While Major indexes (NASDAQ, S&P 500, Dow Jones, Russell 2000) gained between 1.5-4 %, I had 8 analyses with a 10-73% gain in one month, those which hit stop loss made 1- 4% loss..! I also trade BABA option twice and close them with +180 and 100% profits..! and had 2 unsuccessfull trade with -30% loss (use 3% of my capital for each trade) I publish this review to talk about one of the most important habits(strategies) in trading. Novice Trader Story: Season 1: In the middle of a bullish market, FOMO: Fear of Missing Out Episode 1: Before Trading Journey Started Many people and friends share their experience of making profits trading cryptos and stocks on their social media, why should not I give it a try??? Episode 2: Trading Journey Started Opening the trading account, installing the app, transferring the money, and the gate of a multi-trillion dollars world are open now! Episode 3: Pushing the first buy button Welcome to the journey of trading, a journey full of adrenaline for novice traders! Episode 4: Making the first profit It feels like I am the wolf of wall street! Those who entered the market after March 20, 2020, think making money in the market is the easiest thing in the world. From a statistical point of view, it is very unlikely to made loss between March 2020 and February 2021. Episode 5: Market become less inefficient In a trended market (inefficient market) most tickers are positive on most of the trading days..! so making money is more probable than loosing it even for novice traders! Problems start when corrections start, novice traders start changing their positions to find the bullish tickers that gave them the same good feeling. They do not know market behaves in cyclical patterns and they experience multiple corrections by chasing for the best bullish movees. Episode 6: Fear of Loss after a couple of bad experiences, they decide to cash out the profits as soon as they see any, no matter how little it is..! Episode 7: Vicious Cycle Novice traders now experience the killing phenomenon of losing big in the hope of making reversals and wining small in fear of losing their small profits. Episode 8: blowing up the trading account There is not much left to lose! After the trading account becomes smaller and smaller, it is time to go all-in. Usually, it does not work..! Episode 9: what should I do now Novice trader is now addicted to trading and can not stop trading, so decides to recharge the account..! Episode 10: start over Novice Trader 1: Keep doing the same thing over and over again, the same result over and over again (majority) Novice Trader 2: Start learning about the market (reading books, courses) and keep trading, better results but making lots of mistakes because of not having a fully defined strategy. Novice Trader 3: Stop trading and back to normal life, an insightful decision for many people if they make it..! Novice Trader 4: Stop trading, start learning, and promise themselves not to start trading unless they have a fully defined strategy with good backtesting results. (less than 5% of all people) Nash Equilibrium: What Is Nash Equilibrium? Nash equilibrium is a concept within game theory where the optimal outcome of a game is where there is no incentive to deviate from the initial strategy. More specifically, the Nash equilibrium is a concept of game theory where the optimal outcome of a game is one where no player has an incentive to deviate from their chosen strategy after considering an opponent's choice. Overall, an individual can receive no incremental benefit from changing actions, assuming other players remain constant in their strategies. A game may have multiple Nash equilibria or none at all.(Investopedia) What Is a Zero-Sum Game? Zero-sum is a situation in game theory in which one person’s gain is equivalent to another’s loss, so the net change in wealth or benefit is zero. A zero-sum game may have as few as two players or as many as millions of participants. In financial markets, options and futures are examples of zero-sum games, excluding transaction costs. For every person who gains on a contract, there is a counter-party who loses.(Investopedia) Conclusion : Traders can make decisions and hurt themselves if they deviate from their main strategy based on Nash Equilibrium. Most Important Question any trader should ask her/himself: What is my strategy to make money in the market? How I can make it better??? Refrence: 1- UPST: 2- AFRM; 3-ROOT: 4- PLTR: 5-AMC: 6- COIN: 7- GME: 8- BABA: 9- SPRT:
NYSE:AMC
by Moshkelgosha
3
$PLTR stock analysis. Boxes trading strategyHi everyone! Today I analyze NYSE:PLTR stock price movement. For a preface, I consider Palantir a great company with interesting business strategy, so it's a buy for a long-term hold in my book. But We are here to analyze it's recent movements and decide where to buy/sell. What's going on? Price has been moving sideways in 16-27 range since February 2021. Long-term trend channel established after bouncing from 16,38 level. Strong supply level at 27,5. Strong demand level at 20,88. There are two notable shorter-term levels that developed in the last couple of months: 23,7 and 26,8. Watch the price action around them closely. What's next? IF 27,5 is taken, we see melt up to 30,45 level. ELSE We test 23,7 again. Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
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by AyBe_Invest
PLTR - Example of Implied VX - Going to break PLTR remains in a well defined range, it is going to break hard. Implied VX is waffling, there were a numner of chasers and as in many shares, Options are in play as opposed to outright ownership of the Underlying. This forces Options Writers to Buy the Eggs they want to sell If they are pushed too far. Tesla is an example of this as is APPL. SImply more Gamma in play to force the Indies higher. It will end poorly for most, but as long as the Casino lights are flashing... all clear for Dice rolls.
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by HK_L61
10
PLTR: Time to PANIC, or time to BUY?Hello traders and investors! Let’s see how PLTR is doing today! First, in the 1h chart, we see that PLTR dropped sharply today, but this didn’t, at any moment, ruin the bullish thesis on PLTR. We talked about this in my previous analysis, and the link to it is below this post, as usual. In fact, PLTR just dropped to hit the previous support at $ 25.03 (black line), and it is bouncing back up, making it a classic Double Bottom chart pattern. Now the 21 ema is going to be our next resistance to defeat. Let’s see the daily chart now: Palantir is slowly heading to our target at $ 27.47, and in the daily chart, we have another support level to work with. The $ 25.03 in the 1h chart is pretty close to the 21 ema in the daily chart, making this area a good Dual-Support level , and it won’t be easy for PLTR to lose it. In fact, when we see a stock near a support like this, it is usually a buy opportunity, as the risk/reward ratio is very good. What’s more, the 21 ema is pointing up, and we have not a single bearish structure around. Let’s follow PLTR closely now, as it is close to our target. And if you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good week!
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by Nathan_The_Finance_Hydra
PLTR: Seeking the $ 27.47!Hello traders and investors! Let’s see how PLTR is doing today! Yes, it lost the purple trendline we talked about in our last study, it did the pullback as expected, and now we have a good reaction. We see that PLTR is resuming the bull trend, by doing higher highs/lows in the 1h chart, and it is above the 21 ema again. It seems the purple line is now a resistance for us, but that’s ok. Now, let’s see the daily chart: After our last analysis, PLTR just dropped to the 21 ema in the daily chart, and it did a fantastic reaction: A Piercing Line pattern. In fact, PLTR could’ve dropped all the way down to the purple line and the trend would still be bullish. The only thing that is not the best is the volume, which is still a little low. The bullish thesis we did build last week is still intact, and PLTR is still bullish. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good weekend!
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by Nathan_The_Finance_Hydra
5
PLTR cup and handle bigger than expected?!at first i was confused as to why the breakout of the cup and handle wasn't as fast as it was projected to be. Then i realized that the consolidation could've been pointing to the cup and handle on PLTR being bigger than expected. I waited about a week and sure enough, we see a handle being formed. By all means, it needs at the minimum a week but because of the size of the cup it should take about 2 weeks, maybe 3. Anyways, the lowest it can go is about 23.50 but ideally it should stay above 24.75. We all know its hard to establish supports and resistances on cup and handles, so when you should take positions is up to you. Anyways, this is my second analysis on this website so criticism is by all means appreciated. Have a good one guys!
PLong
by peterfortin37
1
PLTR: Example of how to do a Bullish Thesis.Hello traders and investors! Let’s see how PLTR is doing today, do a complete Multi Time Frame Analysis (MTFA), and I'll share with you my bullish thesis on it. First, in the 1h chart, we see a strong bull trend, and PLTR is just doing higher highs/lows without a rest. The 21 ema is pointing up, and there’s nothing indicating that it’ll drop. Only if we lose the purple trendline in the 1h chart we might see a decent pullback in the daily chart, but for now, we have no bearish confirmation, and the trend is 100% bullish. In the 1h chart, it seems we have a Cup & Handle chart pattern, and the target of this pattern is the $ 27.47. Even if PLTR does a pullback in the daily chart, let’s say, to its 21 ema, the trend would still be bullish in the mid-term, and wouldn’t change our bullish thesis. The $ 27.47 is another key point. It is not just the target of this Cup & Handle, but it is a pivot point in the weekly chart : If PLTR defeats the $ 27.47, there is no other meaningful long-term resistance other than the $ 45 . What’s more, the chances of a breakout are very high, and this is evidenced by the volume , which has been increasing a lot in the past few weeks. We have more targets to work with in the mid-term, like a gap at $31.34, but if you aim for the long-run, PLTR is a fantastic stock to own, given all the patterns it has been doing. And this is how we build our thesis, based on technical analysis (or fundamentals), not on what we "think", "believe" or "guess". Nobody else's opinion matters, not even mine. Only the charts matter. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped! Have a good weekend!
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by Nathan_The_Finance_Hydra
8
READY TO POP? | Palantir could breakout from hereNews has been relatively good for Palantir and could lead to a run. Regardless, we are approaching a pretty strong channel resistance which if not broken could lead to a sell off to $18. Bullish: We are looking for a small wick out above this channel then a pullback to find support for a week or two, after we will see a strong push up and through that channel bringing us toward $28.20 by the end of October. Overall it's very likely we see Palantir back above $30 by the end of this year. Bearish: If we respect this channel resistance firmly, we could potentially see a pullback to $18-$20 toward the end of the year (for the last time). If this happens, I will just buy more :) DCJ | $PLTR
PLong
by DotcomJack
PLTR: Will it hit our target again? Let's see.Hello traders and investors! Let’s see how PLTR is doing today! We have many interesting key points to watch this week. First, in the 1h chart, the trend is 100% bullish . We have a sequence of higher highs/lows , and there’s nothing indicating that PLTR will drop. The 21 ema and the red line at $ 25.74 made a dual-support level , which PLTR must not lose. Otherwise, it’ll trigger a possible Head & Shoulders chart pattern , and this would delay our plans, but wouldn’t invalidate our bullish thesis. If PLTR triggers any bearish pattern, the 21 ema in the daily chart is the support for us: It wouldn’t be the end of the world. The volume is quite good, indicating that this is a healthy bull trend. We have some remote chances of a pullback, but the price is not confirming anything yet. So far, PLTR is just heading to our target at $ 27.47 . But now it is not the time to buy, as a good buy was around the $ 20s, when I bought it. Let’s see how it’ll behave when it hits there. If you liked this analysis, remember to follow me to keep in touch with my daily updates about stocks and indices! Have a good day!
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by Nathan_The_Finance_Hydra
15