Will PLTR explode next week? 🚀Yes, PLTR has many advanced breakouts, as some of you noticed, and this is intriguing! We already broke the resistance at 23.20, but we are still accumulating.
The Bollinger bands are still very tight, and sooner or later, we’ll explode, and the chances are that it’ll be up.
We still are oversold in the 4h chart, and we still have a long way to go. The support levels are working fine for us, and the risk-reward ratio is very good. We must keep an eye on PLTR from now! I’ll keep you guys updated!
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PLTR
PLTR: Time to buy? A complete study!Hello traders and investors! Let’s see how PLTR is doing today! Let’s do a complete Multiple Time Frame Analysis (MTFA) on it.
First, in the 1h chart, PLTR triggered the H&S chart pattern that made it drop to the support at $ 22.35 (red line). This movement was quite bearish, but there are some interesting points to keep in mind.
It has two open gaps , both are breakaway gaps , as they break the support levels made by the thin purple lines by doing a gap, not by opening above the support and breaking them intra-day. This shows that the bearish trend here is strong.
Now we just hit the support at $ 22.35 and we have a bullish pivot point at $ 23.39 . If PLTR defeats this point, it will defeat the 21 ema too, and it might work as a mid-term reversal seen in the daily chart:
The $ 22.35 is even more interesting now, because it is the 50% Fibonacci’s Retracement in the daily chart, and if PLTR triggers the pivot point seen in the 1h chart, it’ll confirm this dual-support level and we’ll bounce back up in the mid-term.
Given we have many open gaps in the 1h chart, we can assume that PLTR will be attracted by them in the mid-term, and it’ll do a rally to close them. But there’s more:
In the weekly chart, we already defeated the 21 ema, and the last 2 weeks were bearish, but the volume was quite low, indicating that this is not a true bearish reaction.
We just found the 21 ema again, and it is working as a support for us, making it not a dual-support level, but a Triple Support level (red line 1h, 50% retracement daily, and 21 ema weekly).
The $ 27.47 is the target in the mid-term, but honestly, I’m aiming for the gap at $ 31.34 . Since me and my followers bought PLTR at the dip around $ 20, we are just fine, and I see this pullback as another opportunity to buy.
We’ll see how PLTR will behave in the next few weeks. Remember to follow me to keep in touch with my daily studies, and support this idea if this insight was interesting to you.
Thank you very much,
Have a great weekend!
All going as planned! 👍 How to proceed now? 🧐Again, PLTR did exactly as we planned, and it did hold around the support area we talked about yesterday. Just like WISH, we have an RSI divergence + advanced breakout. All of this is great, and tells us there’s a good chance PLTR will do something good next.
In the 4H we are still oversold, and we do have a good candlestick, as we expected. Now there’s a good chance PLTR will fly again but remember: Always trade with a strategy! I do have mine, be sure to have yours!
I see PLTR at 25 is it triggers its buy signs!
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Melissa.
#PLTR#PLTR
Fondamentally, PLTR is doing well looking at its quarterly financial income statment. They are putting a lot of money in research and development.
Technically, the price could reach the next support level (red line) and eventually stop at 27.25.
Let's calmly wait for our chance! 👀We have several interesting signs here. First, the 30min is too oversold, we went outside the BBs today, and there’s no way it would keep falling in this situation. The RSI is at 25 rn, but it was at 17 during the morning.
We don’t see any good buy sign around, and we can’t see a bullish candle, but we have some points to bear in mind when we look at the 4h chart.
The 22.82 and the 22.37 are our main support levels for PLTR, and by analyzing the oversold RSI at 26, there’s a good chance it’ll hold here.
We have no confirmation yet, but at the first bullish candlestick we see around we must stay alert, as this might reverse the trend! I’ll keep you guys updated!
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Melissa.
PLTR - 2 scenarios, 1 likely There are two scenarios as the trend lines show.
White lines suggest the bearish path. The yellow trendlines suggest the continuity of price moving upwards and forwards. In my opinion, the retail investors have already reacted to the news of CW selling PLTR stocks and as such we have reached the bottom already. Sellers have hence exhausted their potential. Bulls should take control and move the price up (just look at the yellow trendlines).
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-- For educational purposes only. Do your own research before making investment decisions.
PLTR Bullish Long - Cup and Handle about to break out... I feel like this chart is self-explanatory and wanted to keep it simple... I am very bullish $PLTR long term and short term. Let me know any thoughts...
What to do with PLTR? 😱 Check these points...So PLTR finally hit the support at 24.52 and look how it couldn’t close the first candlestick above the resistance at 25.05. And some people don’t like TA!
We have a weak bullish divergence on the RSI and the BBs are getting tight again! Soon PLTR will explode again, and I think it’ll go up.
It is pretty oversold in the 4h chart too, but the thing that it is missing here is confirmation. We have no good bullish pattern around here, just a few indicators telling us that this could go up next.
PLTR is not a buy yet, but it’ll be soon. Let’s calmly wait for our chance. I’ll keep you guys updated
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
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PLTR: Time to panic? A Multiple Time Frame Analysis!Hello traders and investors! As you asked, I’ll look at PLTR again this week! Some people are getting nervous about it, so, let’s talk about it. We'll do a complete Multi Time Frame Analysis (MTFA) today.
First, as some of you pointed out, yes, we have a H&S pattern in the 1h chart, which was triggered, and it already hit its technical target, at $ 24.52 (previous bottom).
Now, not by coincidence, it is starting to react. This point is a good bottom candidate.
If you look at the daily chart, PLTR dropped sharply since it retested the resistance at $ 27.47. This movement was extremely technical, as PLTR hit the resistance, did a bearish engulfing, and now it is seeking supports again.
But remember: The trend is still bullish . We have higher highs/lows, and the 21 ema is going up. We are slightly under the 21 ema now, but that’s ok. PLTR went up a lot since May’s bottom.
The weekly chart gives us another clue about PLTR. It is dropping sharply this week (-8%), but the volume is extremely low, indicating that this is not a true sell-off, but only people not interested in trading PLTR at $ 27, so the price must drop a little bit more to get more interesting.
This bearish candlestick came after a series of seven white candlesticks in a row, so, this was already expected , and there was no better top candidate than the resistance at $ 27.47.
As this is just a pullback, in my view, I see no reason to panic, and I still see PLTR filling the gap at $ 31.34.
I hope my insights helped you, and if that’s the case, remember to follow me to keep in touch with my studies, and support this idea if you liked it !
Thank you very much, have a good weekend!
PLTR Repeating bottom move, Engage Thrusters!Look at the move repeat a bottom turn Reversal candle for candle. Keycode Path already placed.
by iCantw84it
07.01.2021
PLTR - Still has potential to go lowerBlueWave Gave red dot sell signal
+ Stochastic RSI was Overbought
Just doing what it should do! 🤓PLTR did exactly what we expected it would, again. It is extremely oversold in the 30min chart, and we could see a rally to the 26s at any moment. The question is, will it be a buy sign, or a dead cat bounce?
In the long run PLTR is a buy, but right now we must see more signs.
We lost the red line, and the RSI is at 38 rn. This tells me PLTR could drop a little bit more, but if it holds around 24.70, we’ll see a rally to the 26s. It must do this movement quickly, and tomorrow, preferably.
Is there any hope for PLTR? Of course, and as I said, PLTR is a buy, especially for the long run.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
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Melissa.
What you should know about PLTR! 👀What you should know about PLTR! 👀
Today PLTR stressed our support levels we talked about yesterday, but it didn’t break them. These supports are holding the stock pretty well, and the more it accumulates above these levels, more interesting will be PLTR’s next movement.
I think this is a good movement on PLTR. The BBs are getting tight again, and the RSI is starting to get oversold.
But maybe this is not enough:
We just hit a resistance, and we have a bearish engulfing in the daily chart. The pattern was triggered today, and the RSI has a long way before it gets attractive again.
All of this indicates more correction, but I don’t think this correction will last too long. The closer it gets to the 25, the better. Soon it’ll give us another trade. No, it is not the time to buy, thanks to these signs, but it is not the time to go short either. Let’s calmly wait for our next play. I’ll update you guys every day. Keep in mind that our target is the 30s!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
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Melissa.
PLTR - Anubis PatternIdea for PLTR:
- Anubis pattern detected: "God of Death", "the Underworld", "God who ushered souls into the afterlife", "to decay", "a royal child", "Foremost of the Westerners", "Lord of the Sacred Land", "Master of Secrets".
- I learned this pattern from DOGE:
Option 1 (Bullish):
PT: 67-70
Option 2 (Bearish):
PT: 17
Watch out, Square wave cycle has it distributing tomorrow-Jul 1. Will it be distributed while shooting up, or just dumped? Don't be ushered into the underworld.
GLHF
- DPT
I warned you about the 27.01! 😱The situation is quite simple on PLTR today! We are dropping, just as we expected, because it lost the 27.01 that we talked about yesterday, and now PLTR is looking for support areas to hold itself.
No, it won’t drop forever, and it’ll recover at some point, the question is, which point?
We have a pivot at 26.45, if triggered, I don’t think the 26.26 will hold it, and we’ll drop more – but not much more.
We are still a little overbought in the 4h chart, and if PLTR drops to its red line again, it’ll be great.
The situation is more serious in the daily chart, tho. We have a bearish engulfing that could make PLTR drop to the 25s again. The RSI is overbought here too. We must be careful.
We must watch the pivot in the 30min, as it’ll tell us if PLTR will turn bearish for now, or not. If it turns bearish, we’ll look at the 25 – 26 area, as it might be a chance to buy! PLTR is moving according to our plans, for now!
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Melissa.
PLTR: Harmless pullback or reversal? How to tell the difference!Hello traders and investors! Yes, PLTR hit the $ 27.45 as we said it would in our last study (the link to my previous idea is below this post), but what to do now?
The $ 27.45 is a secondary target in my view, but it is working very well as a resistance. Now we can expect some struggle around this area, and the fact that PLTR dropped below its 21 ema in the 1h chart reinforces this idea.
It is interesting to notice that it is dropping a lot, but the volume is not that good . This tells us that this is not a true bearish movement, just a harmless pullback.
This resistance is quite relevant in the daily chart, and today we have a Bearish Engulfing (so far). This might cause a pullback to the purple trendline or even to the 21 ema again.
This wouldn’t be surprising, and PLTR will still remain bullish. Remember: In a bull trend, we have higher highs/lows, but we do have lows . Sometimes, people get anxious when we are doing higher lows, and think it is the end of the world.
To identify a harmless pullback, just look at the volume: If it is dropping, with lower volume, than it is just a pullback. This follows the 5th tenet of Dow Theory: The volume must confirm the trend. If the volume doesn’t confirm the trend, we must be careful. If you see a bearish structure, like lower highs/lows, then we are talking about a reversal sign.
Today’s movement doesn’t change my target on PLTR, at $ 31.34, and since we bought around the $ 20, we are in a very comfortable situation.
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Thank you very much!
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!
You must keep an eye on these points now! 👁Just as we expected, PLTR is just flying, and there’s nothing here telling me otherwise.
Today we have an intraday consolidation, and this is good, because we have new points to look at.
The 27.50 is the resistance we must see broken this week. The 27.01 is the support we don’t want to see PLTR losing.
Let’s see the daily chart for a change. PLTR is at an interesting resistance, and if it loses the 27.01, we might correct a little bit. The RSI is quite overbought, and this is another thing that we should be aware.
If PLTR loses the 27.01, we might see it between the 26-25s. Then we’ll see. Maybe we’ll have another buy there! Nothing scary. 😉
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$PLTR - We will continue seeing correctional movementsThere are two clear Elliot Trend Waves. Both waves suggesting that we are heading towards consolidation/ correction. At the same time, the Pitchforks are being respected perfectly and so one can expect the price movement within these boundaries.
For now, I am waiting and watching.
If you find my analysis useful and helpful, please do consider subscribing and liking my work. This helps me stay motivated.
For any questions or comments, do let me know!
-- For educational purposes only. Do your own research before making investment decisions.
$PLTR - Weekly Swing Trade OpportunityWith PLTR gaining momentum over the past month, it seems primed to make a breakout over the dreaded 27.50 level. If we manage to get above it, we likely run to 30 due to there being little overhead resistance, and tons of buying pressure. A break above 30 leads us into uncharted territory.
This is a relatively simple trade. Above 27.50 leads us up to 30, giving us roughly 10% profits at the end of the day. I'd keep a stop loss set at the 27.50 level after entering a position as we may trade sideways or fall out of the channel if we break trend. Good luck everyone!
Going according to our plan! 😎Palantir is obeying technical analysis and it is behaving according to the plan.
Today it is breaking the 26.71, the breakpoint that would resume the bull trend, as we talked about I my last analysis. The only thing that could trigger a pullback is if PLTR loses the 26.71 again and make this a false breakout.
But we are good for now, and we shouldn’t worry about what didn’t happen.
The problem is that PLTR is overbought in the 4h chart, and if we see a bearish pattern here, it could trigger a pullback. But since we don’t have one, we are ok. 😉
Even if it drops, this doesn’t change our target at 30. I’ll keep you guys update in a daily basis!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
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Melissa.