PLTR: Complete study for the weekend (H, D and W charts)!Hello traders and investors! Let’s see how PLTR is doing today!
It is impressive, but today’s drop was just a pullback to the previous support at $ 23.69 (we hit $ 23.67), and it is reacting again. The movement was extremely technical, and it looks like a sideways correction , rather than a real sell-off.
When we look at the daily chart, we see that PLTR simple can’t drop, but since it wen’t up a lot after earnings, it can’t keep flying. A sideways correction is the best scenario for PLTR, and it is getting closer to the 21 ema now.
Since we are near the 21 ema in the daily chart, and we just retested the support at $ 23.69 in the 1h chart, I see a good buy opportunity on PLTR.
In addition, if you plan to hold PLTR for a while, the situation is looking great:
In the weekly chart, we have the classic Ignition Bar followed by a Gift candlestick pattern. The high volume reinforces this incredibly bullish pattern. I bought PLTR around the $ 20s with my followers, but if you ask me, there’s still time to buy it , even after it is going up almost 20% for us.
We have a pivot point at $ 27.47 (red line), and if PLTR defeats it, the $ 45 is the next technical target. Therefore, there’s a lot of room for PLTR to go up.
If you liked this analysis, remember to follow me to keep in touch with my daily updates on stocks and indices.
Have a good weekend!
PLTR
Palantir - No resistances till $26-$27 👍-Palantir increased its full-year 2021 adjusted free cash flow outlook by 100% and is now projecting $300+ million while maintaining its 30%+ annual revenue growth through 2025.
-Palantir added 20 new customers in Q2 2021, its average revenue per customer increased 19% to $7.9 million, and average revenue per top 20 customers grew 36% to $39 million.
-Palantir ended Q2 2021 with $3.4 billion in total remaining deal value, which was an increase of 63% YoY.
-Palantir is being conservative, and based on its growth rates, will exceed $400 million in Q3 2021 revenue and produce another earnings beat.
Swing trade on PLTREverything is on the chart, aside of having some other buy side algos kicking in, basic chart geometry suggests potential upside swing to the golden zone above. Everything is on the chart. Entering small risk position and watching for new higher lows...
What do you hear? Nothing but the rain. Keep calm.
TSLA: Crashing today! Next key points to watch from here.Hello traders and investors! Let’s see how TSLA is doing today!
We lost the support at the gap area around $ 687, and today we lost yesterday’s low, a sign of weakness. What’s more, TSLA triggered a bearish pivot point in the 1h chart, indicating a bearish reversal sign for the short-term.
This bearish momentum might last for a while, and as long as we don’t see any clear reversal sign, TSLA will just seek its next support level.
However, it is interesting to notice that TSLA did two gaps, as evidenced by the yellow squares. Both gaps are Breakaway Gaps , and this movement reminds me of PLTR. Just check PLTR’s chart below:
I see TSLA doing a similar movement PLTR did a few weeks ago. Since TSLA has many support levels to work with, it still has good chances of filling at least the last the last Breakaway Gap in the next few days/weeks. Nevertheless, this doesn’t mean TSLA won’t drop. As I said, we have no bullish reaction so far , and the area between $ 627 - $ 621 is the next support level for us to work with.
In the daily chart, we see why the $ 627 - $ 621 is a good support level for us, as it was previous support. What’s more, TSLA failed in reacting around the 21 ema, and this ruined the bullish bias. On the bright side, we lack bearish structure in the daily chart, meaning that this is more like a crash, rather than actually a sell-off.
Yes, TSLA has more room to drop in the short-term, but if it does a good reaction quickly, it might be a good opportunity.
If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good day.
BTC Teethers to the real market....is there a correlation? In this first of many videos I have gone through a list of 100+ stocks and marked the placement of the teethers and the actual price point at the time I marked them. I will filter down this list to any stock I see a underlying correlation to the price action of the stock. I have used this technique to predict the bottom of bitcoin when it hit $30k and bounced. So basically finding the bottom twice with extreme accuracy. I actually believe I have some Ideas posted showing this bounce. and also some ideas showing where it would go afterwards. Being that bitcoin is above $42k I believe my 6 predictions leading up to it plus the two bounces at the bottom were all correct.
So I had a wild Idea....what if there is some correlation to the real market. A lot of companies are invested in bitcoin these days and a lot of institutional buying is also invested in bitcoin. If algos are trading bitcoin then it would be my belief that there is a correlation to the market and crypto through the algos that are being used. If a major institution is trading btc using its algo, and it is also trading the regular market, it would probably show in the price action in the same way. In just this first video, I think I prove that.
You are welcome to try and recreate what I have done here but I have acquired savant syndrome, I doubt you will see it the same way I do. There really is nothing to what I am doing that is special. I am just analyzing what I see, comparing that to the curve, wyckoff methodology, Candle stick technical analysis, Node analysis, and pattern recognition.
It takes me about 30 mins just to upload a video to Tradingview. So this will be 1 of probably 15 videos over a months time most likely an on going thing after the initial set that covers the first look. I will have to continuously adjust the list of the stocks that are showing some type of correlation to the BTC Teethers. Then Come up with an Ideology of how to interpret which lines are interacting with Price Action on each stock. If there is a Strong Correlation or a slight. Then come up with a test to really see if this stands up as a solid indicator. If anyone would like to help fund this, it would be much appreciated as it would take up 8-12 hours a day for months if not years. Finding early results would be easy but really finding out how this plays our will take months, each stock. Contact me here if you are interested in helping and I will post you in the credits plus give you first hand review of all the findings as I go through them. Thanks for watching.
by iCantw84it
08.17.2021
Trading Plan on PLTR for the current range.Today we will take a look at PLTR.
a) The price is inside a range since March 2021. The support and the resistance zone define this range.
b) There is an accepted idea that the expected target of a range breakout is its length above or below it. Using this, we can project a minimum target on the yellow arrow if we have a bullish breakout. However, if the price keeps going up, the next resistance zone we may encounter is the previous ATH
c) Ok, great. But how do you plan to trade this? - We want to observe a corrective pattern on the edge of the range with the same proportions as the previous one. IF that happens, we will set pending orders on the green activation line. Our stop loss will be below the structure. The break-Even level is the range projection. Our Target will be 42.60 to be conservatives.
d) If everything goes as expected, we think the movement can take between 15 to 30 days
e) We will risk on a setup like this 1% of our Capital on the stop loss.
Thanks for reading!
Palantir (PLTR) UpdatesI haven't talked about Palantir since March 2021,
I was certainly expecting better performances, but I am staying absolutely long for the long term.
The reasons why Palantir is a must-have stock are many and will be analyzed more carefully for the private group participants (stay tuned because there will be a special price at the launch), you just need to say that we are talking about one of the real big data giants. We speak of the present but also, indeed above all, of the future.
After the March investment, the price broke the resistance of $ 21 after testing the level twice, but it did not "lose" enough to be able to make another entry that I would have made if the tightening had occurred until the area of $ 12.
After the break in May, the price quickly and strongly resumed the price of $ 21, and then touched the area of $ 27 (corresponding to the 382 Fibonacci level, see chart).
After a foreseeable retracement again in the $ 21 area, a very important level for the future, after the Earnings on August 12, positive with a surprise of 13%, PLTR opened in the Gap and then basically remained stationary on Friday 13.
The uptrend may have started, we are on the "C" leg of the more classic ABCD pattern.
The key level that needs to be broken to the upside for Palantir to be sure to be in an uptrend is $ 27.52.
PLTR is part of my long-term portfolio, in August I don't usually trade with a few-day swing because the volumes are low and the American indices are at all-time highs.
It is reasonable to expect a pull-back in the short term, something will certainly happen when the Fed changes its interest rate policy.
Consequently, the new levels where you can enter or add size to the position are $ 21 and the "new" $ 17 marked in May.
The targets for those who instead moved with short time horizons:
27.52 $
34 $
45 $ (where I too would take home some profit)
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
PLTR - Short term Long (weekly)Disclaimer: I consider this a risky stock so I advise caution
We all saw PLTR have a good earnings release that caused the monolithic upwards gap last week and finally breaking out of its base. Since then the stock has been trending sideways creating a pennant. As a result of a good earnings release as well as Bullish ADX and DMI, I strongly believe that PLTR will hit the 27's (macro-structural resistance) by the end of this week.
$PLTR Target 33.39 for 56.41% $PLTR Target 33.39 for 56.41%
Or Next add at 22.88
I’m just going to aim right for that GAP. Target has not changed...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
PLTR: Good QR! More upside in upcoming weeksTechnically, PLTR is in an uptrend now with registered higher high and higher low.
The good quarterly report today pushed price up to an intermediate resistance. Might see a pullback to close the gap, but that could mean better entry for us.
Target profit 1 set at $27 i.e. next resistance.
Will observe price action again to see if target profit 2 ($31 area) is a good target.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
PLTR: Complete Multiple Time Frame Analysis after Earnings!Hello traders and investors! Today PLTR reported its earnings, and the volatility increased, as expected. There are some key points we can use, and we’ll talk about them in this complete Multi Time Frame Analysis (MTFA) .
First, now it is too late to buy. The time to buy was during the Ignition Bar evidenced in the 1h chart, which was a classic bullish candlestick pattern, just above the support at the purple trendline.
What’s more, PLTR just filled the first Breakaway Gap , which was my first target since the analysis I did on July 20, “PLTR: A very Technical Bullish Thesis”, which is public, and the link to it is below this post. If you buy now, it feels like you’ll buy from someone who bought at the Ignition Bar down there, and will use you to book profits. Always try to buy from who’s panicking, not with the herd.
If I were out, I would wait for the Risk/Reward ratio to make sense again, probably after a correction, near a support level. This wouldn’t change the bullish bias seen on PLTR, as I still believe we’ll seek the next gap at $ 26.32. The daily chart reinforces the bullish thesis:
The daily chart suggests that we can seek the $ 27.47. We just defeated the 38.2% Fibonacci’s Retracement , which worked as a resistance at least 2 times (Jul 12 and Aug 10). We also defeated the 21 ema, and the situation is clearly bullish. It would be good if it corrects again, but we can’t count on that.
It is interesting to notice that PLTR has been doing many good and technical movements. The bottom seen last month was just a pullback to the 61.8% Fibonacci’s Retracement, and it did a perfect Piercing Line candlestick pattern on Jul 19.
However, I have one more key point for you, and this time it is in the weekly chart:
Although the $ 27.47 is the target in the daily chart, this is a bullish pivot point in the weekly chart . If triggered, PLTR has a good chance of retesting its All-Time High again.
To sum up, if you aim for the short-term, you have an opportunity to book profits now, as we just hit the first target in the 1h chart. If you aim for the mid-term, the $ 27.47 is the target for you. In a longer-term perspective, if PLTR triggers the pivot point in the weekly chart, the $ 45 is where you should aim.
In addition, if you still don’t follow me, I invite you to do so ! I write daily analysis here on Tradingview, and I’m sure you’ll find something interesting around.
Take care, my friends!
Serving Technicals Up On A PLTRSo I plotted this fib retracement a while ago using all highs and lows since IPO. I also plotted out a trend line that seems to have been an interesting level between the 618 and 50 fib levels. Today's update included an extension of that trendline (in dotted orange). The interesting part of it all is that this remains a key level on the chart and is almost exactly where PLTR was denied after this epic gap-up. Now that it has reclaimed some ground, eyes are on this current resistance to turn support (for longs) as well as the 50 fib level if or when it establishes a new support "up here". With tech flip-flopping, it will be interesting to see how PLTR reacts after 8/12's session.
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Quote & Learn More: Top Tech Penny Stocks To Watch For August 2021
What are the bullish evidence in Palantir chart???1- Closing above resistance level (Flat Top)
2- Increase +70% in trading value in comparison to average weekly trade, and +50% in comparison to monthly trade.
3- Crossing above 20 days EMA.
4- Long bullish candle that covers the buddy of the last 14 candles!
5- Closing above 20 EMA weekly ..!!!
* this is not on the chart but It is ranked 4th on WSB mentions today with 600% increase!
Please review my last 3 analysis on Palantir:
June 29th, 2021
keep it on your short watch list!
Trading volume Decreased from 140 M to 42 M, which means there is no buyer for Palantir at this level!
Wait for a clear short entry!
July 16, 2021:
Sensitive level of 21.50
21.50 is the most important level for Palantir to trade. In most cases, it has experienced a 12-27% bounce.
This is not a long-term trade setup!
August 5th, 2021:
Correction seems finished..!
PLTR ANALYSIS 12.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
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