Get started

PLTR

PLTR - Stronger than ever before! 💪-The end of May brought another positive headline for Palantir (NYSE:PLTR). The big data analytics company inked a $111 million follow-up contract with the United States Special Operations Command (USSOCOM). However, despite this news, the recent performance of PLTR stock has not been impressive. -Investors should understand that the company is not a one-trick pony. Although the bulk of its contracts are with the U.S. government, it has also built an impressive commercial business side that will only grow going forward. Besides, the infrastructure it is creating will be used a great deal in the future. Our very own Luke Lango reported on all of the exciting developments involving Palantir in a fascinating piece.
PLong
by caldooninvestment
20
Some strategies we can use here! 👀The situation is quite simple on PLTR: We have an ascending triangle, and to the side it breaks, it’ll be good. If it breaks downwards, which is something the RSI is telling us it’ll do, the 23.50 is the target. The 4h chart is a little bit more pessimistic, because PLTR has no supports aside from the fibs retracements. I’m not sure if PLTR can drop to the 21.73, but this is what the charts are telling me. On the other hand, the ascending triangle of the 30mins looks like a pennant in the 4h chart. This is a continuation pattern (most of the time), and PLTR can fly to the 27.50 if it breaks upwards. So, we must focus on these patterns from now on! 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.
P
by UnknownUnicorn21312077
2
PLTR Downward Channel BrokenWith tech indices gaining much-needed momentum last week, lower bond yields helped push Palantir past a key level in price action. Since December of 2020, PLTR had been trending in a downward channel- with lower lows and lower highs being established. On June 2nd, the price seemed to have broken out of that channel and may indicate a reversal in price action if bond yields can continue to decrease. Another move to note was the clear push past its 50-day moving average- a very bullish sign. In 2020, Palantir generated $1.1 billion in revenue, up 47% year-over-year. Their average revenue per customer was $7.9 million, up 41% year-over-year. Palantir has built its business with customers in the largest defense industry institutions like the U.S. Army, U.S. Navy, and CIA and companies like IBM, Amazon, and Airbus. Because of this, it is important to always keep an eye out for big contracts as their main source of revenue growth (for now).
PLong
by ClargyInvesting
Waiting for the next opportunity! 🤓PLTR is doing good movements today! And here it is the strategy I’ll use on it: If it breaks the red line, it’ll likely hit the 23.34. Then I’ll just wait for a good reversal candlestick / chart pattern around. If it doesn’t hit there, then I’ll trade better stuff, with better risk-reward. The 4h chart makes me nervous. Yes, there’s the glimpse of a pennant here, but I rather buy when the charts are clearer to me. The good news is the 20ma, which is going up and perhaps it’ll hit the price soon. This would be good, and would surely help me to trade PLTR, but it is too soon to say this. 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.
P
by UnknownUnicorn21312077
5
Let's give PLTR another chance! 😉The divergence on the RSI is one of the reasons why I’m cautious on PLTR right now. I don’t see it crashing or anything, but I’m just waiting for another pullback to trade it again. Our last trade was amazing, and I’m sure PLTR will give us another opportunity, but now it is not the time, it seems. Keep in mind that PLTR is right at a resistance in the 4h chart, and the RSI looks weird too. I prefer to wait for a decent pullback to the 22, or even the 23, if we see a good pattern over there. So far, I’m just an outsider, waiting for my next chance to buy it. 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.
P
by UnknownUnicorn21312077
1
$CLOV In Depth Analysis & Price PredictionsClover health has quite the catalysts not only fundamentally, but technically as well. Technicals: CLOV has been in a downtrend since early January, with an all time high near $17.00, and all time low of near $6.00. Quite the range. Fibonacci retracement levels can give us approximate levels of support and resistance once a breakout occurs. As you can see, the daily chart here shows a SLIGHT breakout (See B2) above the downtrend, as also seen in April (See B1). Another green candle above the downward trendline would give me further confidence of a breakout towards first $10.50, and then $11.86 following, the retracement levels act as price zones of support and resistance for my trading style. More on technical setup, we have a nice MACD convergence on the 1D chart, forming a nice consolidation for a breakout within the MACD, where I see a bullish reversal that can last long term. Fundamentals: Not going to lecture you on the company, but rather give you some interesting catalysts and factors that will most definitely play into the price. 1. Short interest is over 50% of the float, which to me, gives a lot of potential for a true squeeze, higher than GME and AMC. 2. Because CLOV is a SPAC, insider shares have a lockup as well as a predetermined price that the stock MUST be trading at for 90 consecutive days before insiders can sell. that price is $30 a share. Meaning if they want to sell their shares, price has to be $30 for atleast 90 days. 3. Short positions are in trouble near the $11 level, meaning above $11, nearly 100% of all short positions are in the red, and losing money. 4. Shares available to be shorted as of yesterday was only 600,000. With squeeze potential like this, such a large short percent of the float, and company insiders not being able to sell until $30 a share, expect nothing less of parabolic movement, but the real question is WHEN. Timing this will be a difficult thing to do, but I will be playing this with long term leap options as well as shares for accumulation. GLTA, in Chamath we trust, I guess.
NASDAQ:CLOVLong
by chartxzy
3
$PLTR Meme Stock with Real Fundamental ValueQuick update on PLTR, moving how I predicted towards its first target of $27. Red day today because of the meme stock price movement, but this company does in fact have true fundamentals and continues to sign deals with the US government as well as show YOY growth, data analytics will without a doubt be one of the biggest sectors in the near future, and one of the only positions I will accumulate steadily throughout my lifetime as an Amazon or Facebook of my generation. The price movement can also be reflected by the meme stock rampage currently going on, due to redditors absolutely loving the company as well as our faithful Cathy Wood that continues to BTFD. Palantir not only is an incredible growth company that I believe will have a significant value in the years to come, but Reddit also can and has been giving this some steam to break out even further. Options are interesting on this one, so I would say share accumulation is the way to go. GLTA, PLTR to the moon (Long term for good reasons).
PLong
by chartxzy
PLTR might drop, and this will be good! 👍Yes, PLTR did break the pivot point we mentioned yesterday, and it quickly hit its resistance again. I’m still waiting for a better risk-reward ratio, but I’m happy for those who did catch this trade. Now, the chart looks like a flag pattern, but I think it has to hit the 20ma one more time, at least. The 4h chart looks very overbought, and it is in a resistance. Since we already did a phenomenal trade here, I’m good just waiting. I would like to see it at the 22 again, but let’s see, maybe PLTR will do another bottom above it, like Tesla is trying to do. 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.
P
by UnknownUnicorn21312077
9
PLTR: Near a resistance! How to proceed?Hello traders and investors! Let’s talk about PLTR today! First, as we discussed in our last analysis, PLTR did a nice reversal, and we have a crystal-clear bull trend , made by higher highs/lows. The purple trendline is working very well as a support level, along with the 21 ema. Pullbacks to these points should be seen as opportunities to buy . The link to our last analysis is below this post, as usual. But, there’s a catch. The green line at $ 24.26 is a resistance level , made by the previous top (Apr 26 – 27). This might indicate a possible pullback ahead, but so far, we have no bearish reaction. In the daily chart the situation looks bullish, but it feels like we just had a V-Shape recovery with a target at the $ 24.26. Again, this might indicate a pullback, but nothing that could frustrate the bullish momentum. The volume is increasing again, and we are above the 21 ema in the daily chart as well. We still have some resistances to defeat, like the $ 24.26, the $ 26 and the $ 27.41, but once we defeat them, we’ll finally hit our target at the gap ($ 31.34). Let’s follow PLTR closely, and if you liked this analysis, remember to follow me to keep in touch with my studies, and support this idea if it helped you! Thank you very much!
P
by Nathan_The_Finance_Hydra
5
Soon we'll trade it, but not right now.Yes, PLTR gave us a good trade, but right now it is dropping and we have no bullish pattern around. Yes, one may say that the 23.34 is a pivot point, and that we just hit a support level at the 20ma, but look at the 4h chart: We just hit a resistance at 24, and the RSI looks overbought to me. I would buy it again if it corrects to the 22 area, but it feels it is too soon to buy PLTR again. Either way, I’ll keep sharing my ideas with you, and hopefully we’ll do another trade on PLTR, but only after a correction to the 22 area. 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.
P
by UnknownUnicorn21312077
7
PALANTIR - Hammer candle in the weekly!What is very noticeable is that the price ran in a zone defined by me (back in April) and formed a hammer candle exactly at the level! I justify it with the fact that the stock is very popular for retailers (in most cases they had their stops at this level). The hammer candle was accompanied by volume, which is also a positive signal. A short-term close above 27.50 would be important. Then the stock has chances of up to 35 in the next move! Should the price dip back below 19 and stay there, it would be considered as a negative signal for the chart. Prices below the hammer candle (17.05) activates targets around 13 (EMA 200 W) or even prices up to 8.92. D1: H4:
P
by TizTrader
PALANTIR - Buy Setup Forming!PALANTIR is overall bearish, trading below our blue trendline but since it is approaching a strong demand zone in green we will be looking for buy setups to catch the next impulse. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? Our blue trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) We also have an inverse head and shoulders pattern forming (in red) adding more strength to our buy setup. Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, PALANTIR would be overall bearish and can still test the green demand or break it downward. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
PLong
by TheSignalyst
28
We had a great week here too! GL for who's still in PLTR! 😁And we finish this week with 16% gains on PLTR! Not bad for a week! Now I sold it at the 24 area, as we already have been planning since last week. Why did I sell it? First, it hit the target, the previous resistance. Second, the RSI was too overbought in the first 30min candle, around 90. Third, it hit the target by doing a huge candlestick, and usually this means we have an exhaustion bar. We see better the resistance at 24 in the 4h chart. And the RSI was pretty overbought as well. Now, PLTR left some huge wicks above the last candles bodies. All of this triggered a warning sign on my head to book profits. We’ll see what to do next week. I don’t see a short opportunity, but if it drops to the 21.93 or 20ma and does anything good, we might buy it again. Anyway, I'll keep updating you about my insights on PLTR. 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.
P
by UnknownUnicorn21312077
15