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PLTR

PLTR - DELAYED ROCKETContrary to what the loudest Karp fanboy is saying, this stock (and other similar ones... QS, SPCE, CCIV) are still correcting. But there's plenty of opportunity to make GAINS. I show a clear 5 waves down which would be completion of A to the 786 retracement. You broke divergence which is more evidence of a C leg down. Clear EW subdivision shown. Right here we see an inverse Head and Shoulders pattern forming. NO - iH&S does not always mean bottoming pattern, it is just something to look for to know how to trade the neckline. In this case, we are anticipating it to serve as the bottom but FYI HS and iHS is never absolutely a bottoming/topping pattern. We anticipate the nearest high before the head to serve as the neckline. We see that w3 failed to hit the 1.618 extension, so we don't expect w5 to hit the 2.272. However, we notice it failed to hit even the 2.0. For this reason, I wouldn't be surprised if we poked above the neckline for a relative high up near $27. But we don't care. We are not long currently, and not interested in longing with this type of uncertainty and RR. What we are interested in longing on a retracement which we would expect with the completion of this impulse. Keep note of the inverse HS pattern with defining neckline and slope to to serve as reactionary points. Sometime you get false breakdowns of the iHS because everyone is watching it. I expect something similar, but will continue to monitor/update as subdivision plays out for this small ABC. Target $23 for a retrace to land on top of a pretty critical defining channel line (red). SL at $21.50 marked by critical price level (somewhat critical, somewhat arbitrary... need to define the trade some way to stay diligent). For this last leg, I really like the $30 target as you have a critical price level. There's also confluence by the 618 extension. However, typically we see ABC's play out to the 1-1.272, so that target is also listed near $33. It's going to take a lot of momentum to get up there. Targeting $30 gives a 4:1 RR which is favorable. Playing this with normal shares because why would you need more than a 25% gain capped at ~6% loss?
PLong
by warrenbudget
7
Where is PLTR going? 🤔We have been doing so well on PLTR! Today we had a consolidation, and we did almost nothing interesting, but there are some points that we must update. I see the 26.71 and the 26.26 as pivot points, and they are going to tell us if PLTR will keep climbing or if it’ll correct. If we break the 26.71, fine. But what if we lose the 26.26? Will PLTR fail forever? Obviously not, probably PLTR will bounce back to the red line, and this is it, then we’ll see. If it does a bullish pattern around there it’ll be great for those who didn’t buy PLTR back with us. Also, you might have a chance to improve your cost-basis. The RSI is a little overbought, so, if it drops, let’s not scream in panic, ok? So far, we are doing amazingly well, and there’s nothing to worry about this great company. 😉 If I see another buy sign, I’ll tell you guys! 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 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
7
PLTR: You know how to deal with gaps, right?Hello traders and investors! Let’s update our thoughts on PLTR today! First, it defeated the $ 25.23 area we talked about last week, but only after it retested the purple trendline one more time. Now PLTR is defeating its resistances, a nd there’re no pullback/reversal signs around. The 21 ema is pointing up, and it is another support level that could hold PLTR in case of a pullback. Let’s look for more clues in the daily chart: We have a secondary resistance at $ 27.41, but since PLTR has been defeating all its resistances, I see no reason to be concerned about this black line. I still see the gap at $ 31.34 (yellow square) as a target for us. Remember, gaps work as magnets for the price . So far, we are making about 30% on PLTR, and if it fills the gap, we’ll do more than 50%. Another trade we did using a gap as a guide was on PINS, which filled its gap today, and we bought when it did a bullish engulfing in the weekly chart. I didn’t write a free analysis about it, though, I’m just telling this for educational purposes , to show you how to use gaps in your favor. This tells me that PLTR can hit our target, we just need to be patient. If you liked this analysis, remember to follow me to keep in touch with my updates and ideas, and support this post if it helped you! Thank you very much!
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by Nathan_The_Finance_Hydra
2
I told you something great was about to happen! 🤑Yes, as we said yesterday, something great happened today! PLTR is doing a lot of good movements, all very technical and precise. As we warned about yesterday, the 25.55 was a breakpoint for PLTR, and once broken, it opens room for a bullish momentum. Once again, we are above the 26s, and we are heading to the 30s. We just touched the resistance at 26.22, and I think we’ll break it. Maybe it’ll bounce back down to the red line again, maybe not. Our target is still 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 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
10
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. 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 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
7
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!
PLong
by Rykin_Capital
1
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! 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 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
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. 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 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
8
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! 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 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
6
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. 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 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
5
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. 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 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
9
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. If you liked this idea, remember to follow me to get more updates on PLTR and other stocks! Thank you very much!
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by Nathan_The_Finance_Hydra
4
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. 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 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
2
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.
PLong
by THG_trader
1
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. 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 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
2