About to do something great! Watch these points! 👍In the 30min we have a trading range between the 25.05 and the 25.55, and to the side it breaks, we’ll see a big movement afterwards in the breakout’s direction. The RSI is enigmatic, and don’t give us any clue about to which side it’ll break.
PLTR is in a slow bull trend, but if it breaks the 25.05, it’ll most likely lose the red line and it won’t hit our target as soon as we expect. On the other hand, if it breaks the 25.55, then I believe we’ll start to fly again.
PLTR has been losing its volatility, but at one point it’ll recover it, and we’ll see some nice movements next. Let’s keep our eyes open around these two breakpoints just in case.
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PLTR
Palantir is putting a smile on our faces. PLTRStrong, strong evidence of an impulse start on Palantir after previously surprising us. We evidently pivoted and are drawing higher highs in regular intervals. What's next? We are ready to bet that this one is going higher.
This is a reflection using technical analysis + only and we do not consider valuation and macro factors at this stage.
The Fibonacci targets going down are highlighted in purples with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
We aren't going to 26... We are going to 30! 😲Hey, guys! Yes, PLTR can break the 26 target and hit the 30s next! It’ll all depend on how it’ll deal with this pivot at 25.55 in the 30min.
If breaks this point, I believe it’ll break our target at 26s, and the 4h chart shows a similar idea:
The pivot at 25.55 is also a trigger point for the hammer seen today (black arrow). PLTR did this pattern in a support area, and this is a nice buy sign. We just have to be careful with this red line, tho.
This will make PLTR gain momentum again, and the 30s is the next stop for us! Let’s watch this pivot!
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PLTR - CRAB Harmonic Pattern TP-1: OK, Next ? TP-2As Crab harmonic pattern rules, D point (BC Fibo Ext 261.8%-) was point to take an appropriate long position.
TP-1 = 25,09 (CD Fibo 38.2% ) - Taken.
TP-2 = 30,48 (CD Fibo 61.8%) / %19 profit if the stock maybe goes up
Crab Harmonic Patterns rules
B Point = Crab pattern begins with an impulse leg / XA Fibo =38.2% <78.6%
C Point = AB Fibo 38.2% - 88.6%
D Point= BC Fibo Ext 261.8%- 361.8%
Is it still going to the $26? Yes! 👍PLTR almost hit our target at 26, and I still think it’ll hit there, but we have a correction first.
The RSI was too overbought this morning, so, that was expected. Now the 25.04 is a breakpoint for us, and if PLTR loses it, the advanced breakdown on the RSI will confirm.
This could make PLTR drop to the 24.60 area in the 4h chart.
We have the 20ma and the red line as supports, but the BB are getting tight again, and this tells me PLTR could explode again soon.
The question is if it’ll do a pullback before that or not. The 25.04 will answer our question. But regardless of anything else, the 26 is still the target.
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This is it, going to $ 26 🚀Yes, PLTR what we said yesterday, and it broke the 24.93! It even did a pullback to this point (and the 20ma) to give us another chance to buy.
Now PLTR is just going up and we have a bullish momentum in course. If it falls again, probably it’ll react and give us another chance to buy. Although we are still in a congestion, PLTR has been breaking its pivots, so, we can assume the trend is becoming bullish.
How could things go wrong? If PLTR loses the red line. But for now, PLTR is just heading to our target at $ 26! Maybe we'll see some bumps around, like AAPL did with us, but this is our target!
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Good news here on PLTR! 👏👏Yes, PLTR did the pullback as we expected, and it hit the target we mentioned yesterday.
In the beginning of the day, PLTR opened outside the BB, but it closed the first candle inside it, indicating exhaustion. It also hit the support we talked about in the 4h chart.
But before we switch timeframes, look at the pivot at 24.93. If PLTR breaks it, probably we’ll see it going higher in the next days.
The target we talked about was the red line, which worked fine today. If PLTR breaks the pivot, the 26 is the target. But if PLTR loses the 24.18 then the bullish configuration won’t work anymore.
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About to give us another chance to buy! 👀Ok, PLTR was doing just fine, but it did this immense red Marubozu in the 30min chart, at 10am and this destroyed the bullish thesis (but not for good).
Yes, PLTR is still a great company, but that doesn’t mean we shouldn’t see pullbacks around, especially with the Nasdaq doing some bearish patterns around. This made PLTR lose the support at 24.68, and this might indicate we’ll see a correction ahead.
We have an advanced breakdown from the RSI in the 4h chart, and the indicator has been showing divergences for some time. Now, we are at the 20ma and the BB are getting tight, as the volatility decreases once again.
Our next trade is near, and I still need to buy more shares, but it seems I’ll do it after a pullback. We must be careful on PLTR, but this doesn’t mean that PLTR will crash. Far from that. I invest at it for the long run, but I like to trade it when I see a good movement around.
Let’s keep an eye on the Nasdaq, as it will dictate how PLTR will move in the next few days.
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PLTR: Should we panic now?Hello traders and investors! Let’s see how PLTR is doing today!
First, it lost the ascending channel’s low that we mentioned last week, and this tells us that the bullish momentum is getting weaker. Doesn’t mean a reversal, neither that we are seeing a pullback, but that PLTR is resting.
In this case, we are having a Time Correction (when the price keeps moving sideways, as it can’t drop, but it can’t keep going up either). This scenario is quite realistic and it is a reasonable movement for PLTR right now.
The $ 25.23 is a key point for us, and maybe we can draw a purple trendline that could help us in the future, if PLTR drops more.
We have the idea of an Ascending Triangle here, but in the daily chart we have a Shooting Star just under its resistance, and this is not good. PLTR must deny this pattern quickly in order to not lose to the bearish pattern.
However, this wouldn’t be a reason to panic, as a pullback to the 21 ema would be acceptable, and wouldn’t ruin the bullish trend. My followers bought PLTR with me about a month ago, and I see no reason to panic, chart-wise or regarding the company’s fundamentals.
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Thank you very much!
This close to hit our target! 🤏Yes, PLTR did break the point we mentioned last week, and now it is almost 1 dollar away from our target.
Even with a RSI divergence, PLTR triggered the ascending triangle, and now the 26.22 is our next stop. PLTR is a great company, which I like to trade, but I also invest at it.
For now, I’ll assume it’ll hit our target, unless it loses the 24.68 again. Then I think it’ll correct, and I would probably buy more shares if it does.
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PLTR LONG. To buy now or should wait???Hey friends!
Fundamentally PLTR company is very valuable in my opinion. Despite the fact that their products are very expensive, the company is unique. They have won many government contracts and are becoming a fundamental analytical company already.
In PLTR 2 scenarios for me right now.
1.Nice accumulation since 27 may could release strong impulse. (scenario 1) Could be nice for intraday scalping.
2.Or retest of strong support zone 21,5-23$ could provide price to go higher(H&S pattern). (scenario 2) Could be nice for midterm buyers.
What's new on PLTR? 👁👁Ok, PLTR did break another pivot at 24.33, and it hit the resistance at 24.68 again. Now, the situation seems pretty simple: If it breaks the 24.33, then our next stop is the 23.51. If it breaks the 24.68, then we’ll keep climbing to the 26.
There’s an ascending triangle in the 4h chart, and this favors long trades. But we still have an divergence on the RSI, and that’s why I prefer to have a partial position, instead of a complete one, as I already told you guys I would.
If PLTR drops again, it’ll be a chance to complete my position, but if not, that’s fine, I won’t complain 😊. Let’s keep our eyes on the points mentioned and we’ll be fine.
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Here we have some good patterns! 👍Yes, PLTR is doing some good patterns around!
It hit the 23.51, and it went outside the BB, but it quickly went back in. The RSI was around 30 this morning, and this was a very good sign.
PLTR just hit the 20ma that we talked about yesterday, and we have a candlestick called hammer. If PLTR breaks the 24.39 it’ll trigger this pattern, and PLTR might just keep pushing up again.
Since we still have an advanced breakdown in the 4h chart, I prefer to proceed cautiously, and not go all in on PLTR right now, just to avoid FOMO.
If it drops and hit the 22 rea again, then I’ll just complete my position. 😊
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Finally doing something interesting! 🥳Ok, PLTR broke the red line now, no excuses this time, and we have an advanced breakdown on the RSI. This increases the odds of a correction, and this would be great for PLTR.
We have another divergence on the 4h chart RSI as well, but the 20ma is getting closer, and it is at 23.64 rn. This kind of ruins my idea of buying PLTR at 22, but that’s ok. I’m interested at a good risk-reward ratio, not necessarily in buying at the best price possible. We must have different strategies regarding trading and investing, remember this! 😉
I find amazing that the BB are very tight in the 30min, and if we see this in the 4h chart, I’ll be very happy! It feels like PLTR will explode soon! I’ll keep you guys updated every day about it!
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Make or Break Resistance PLTRPLTR is back at another high-traffic area of resistance. There's been lots of accumulation between $24 and $25 over the last week or so. But I have a feeling if it can bust through this level, we might see it go back to retest the lower fib. If it can, though, I'm hoping that the next fib higher around $27 is the mark. I currently have a position in the $24 calls expiring July 16th so we'll see if some momo can't squeeze outta this between now and the next few weeks. Obviously, would love to see $26 tested first. Anyone else have thoughts on the 1-month outlook?
Has gotten caught up in some of the meme stocks hype but not full ape lol. Also had some good news from the CDC renewal this week.
Beign squeezed! 😁Ok, I had to update the trend line, because PLTR lost the first one, but it didn’t do any impressive breakout, but it looks like we have a head and shoulders. The pattern wasn’t triggered yet, so, there’s still hope for us!
The stock is inside an ascending triangle, and at some point, it’ll do a breakout, either from the red line or from the black line.
I would like to buy PLTR if we do a downwards breakout, maybe to the 22 again. Now, the pattern squeezed the price so much, that I believe we can use today’s first candle as our guide.
If PLTR loses the 23.94, it might finally drop. If it breaks the 25.23, then it’ll just keep climbing. We’ll have our answer soon, maybe tomorrow!
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