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PLTR

Palantir - Overvalued but Strong 👍-Palantir (NYSE:PLTR) stock is trying to make a comeback. Don’t feel bad for it since it’s still up 140%, which is five times more than the S&P 500. -Recently the bulls suffered a blow going into the earnings. It is relatively weak because it has shed 60% of its value from the January highs. The dip was an absolute opportunity to buy into it or add to current positions. Consider that my not-so-secret conclusion and I will back up my story next. -There are a few dozen stocks that are the weapons in the Reddit versus hedge funds battle. PLTR falls on and off it, so it is messing with the natural price path of a quality stock. The January super-spike artificially exhausted the buyers. The bulls are still trying to recover from it and rebuild the base for long-term success. -The Palantir profit-and-loss statement shows their progress in black and white. There is no speculation in knowing that they have $1.2 billion reasons a year to be optimistic. They doubled their total revenues since 2018. -The company still loses money but that’s part of being a growing business. Profitability is not as an important a statistic as growth. It is not cheap and it doesn’t need to be, just ask those who invested in Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) early. Impressive growth does not come cheap, and those who skimp will get mediocre results at best. -PLTR stock will do well for as long as the stock market is bullish. Demand for their products and services is but a guarantee for years. They do have competition but they started early enough that they deserve early-mover credits. IBM (NYSE:IBM) has been touting AI prowess for over a decade. These guys are beating them to the punch in making it an actual business.
NYSE:PLTRLong
by caldooninvestment
25
It broke our target! How to proceed now?Ok traders! PLTR didn't confirm the advanced breakdown we talked about yesterday, and today is flying again! Now the 22 was left behind, and it can even work as support next. For now, the $ 24 is the second target, but since it already broke our initial target, it is a good idea to sell something around 25 - 50% of the trade. The RSI tell that we are overbought in the 30min, and the 4h chart too. It is still worth to hold some PLTR, but let's be careful out there. If it drops again to the 22, or to the 20ma, I will just buy again. 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.
NYSE:PLTR
by UnknownUnicorn21312077
4
We are doing great, but I have good and bad news for you.Ok, my dear traders, we have good and bad news. Let's start with the bad one. PLTR has what looks like an advanced breakdown, as the RSI is losing its support, while the price don't yet. Also, we are right at the 22, the most difficult price level for PLTR to break in the near future. Now, the good news. We have a bull trend, and PLTR is going up, after it touched the 20ma, as we expected. Nothing here makes me believe it'll reverse this momentum. PLTR has more upside ahead, but I would not be amazed if it suddenly drops to the 20ma again. The advanced breakdown would be the first indicator of a correction of this magnetide. But the trend is still bullish, and PLTR keeps going up. I'll keep saying, the 24 is 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.
NYSE:PLTRLong
by UnknownUnicorn21312077
4
PLTR: Trying to reverse the trend!Hello traders and investors! Let’s see how PLTR is doing today! We have a solid bull trend in the 1h chart, as we have higher highs/lows , and a trendline connecting the previous bottoms. What’s more, PLTR defeated every single of its resistances, showing some strength. This is good, and it reinforces our bullish thesis, since our last analysis, last week (link to it below). Pullbacks to its support levels, like the trendline, 21 ema, or any of the black lines would be just opportunities to buy . This bull trend is spreading to the daily chart as well: There are two good things here. First, it defeated the $ 21.60, which was a pivot point . Second, it is trading above the 21 ema again. Yes, PLTR had similar patterns in the past, and it failed, so, why would this time be different? Because PLTR did a false breakout from the $ 20.18, and the volume increased a lot over there. This means that there are people aggressively buying PLTR near support levels, and the more it drops the better. It is almost reversing the trend for good in the daily chart, it seems we just need more conviction. Now, the volume is normal, which is fine, but it feels that it needs to increase a little bit more. Either way, we do have some bullish signs around, and several resistances that could work as targets for us. Also, we have an open gap around $ 31.34, which might work as a magnet in the next few weeks. Let’s follow PLTR closely, and if you liked this analysis, remember to support it ! And follow me to keep in touch with my daily updates. Thank you very much.
NYSE:PLTR
by Nathan_The_Finance_Hydra
14
TSLA ROLLERCOASTER AHEADIt's clear TSLA is correcting after a historic run. things dont go vertical forever. Are you new here? I have it in wave 4 of C Anticipating a complex correction by the rule of alternation, so wave 4 still has some time to play out completely. It's clear wave B of the larger ABC is complete. wave C projected to the 1:1 of A to B. given that wave 1 of C projection went REALLY deep, like almost to the 2.618, we can expect a deep wave 5 as well. This will establish bullish divergence on the larger TFs as well. By VPVR there's targets near the 3.618. I really dont like doing fibs this far out, but im giving it a relative zone that fits the evidence mentioned above.
NASDAQ:TSLA
by warrenbudget
2
It hit the 20ma as we expected. Now what?Yes, PLTR is sitting at the 20ma as we expected it would in our last analysis, and tomorrow we'll see if it'll fly again, or keep the correction! The bias is clearly bullish, and I think this movement is not done yet! Yes, it hit the 22 today, the target we've been aiming, but if you look at the 4h chart, there's still some upside left! The problem: The 22 is the 61.8% fibs retracement, and was a nice support level in the past, so, in theory, it shouldn't be easy to break it. But given the bull trend in the 30min, it is possible to see a breakout here, and in this case, the next stop is the 24 area. The RSI is not overbought at all, and it could go higher before a correction in the 4h chart. So far, we doing amazingly well here. I'll keep you guys updated every day :) 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.
NYSE:PLTRLong
by UnknownUnicorn21312077
6
PLTR mapping the current situation. What can we expect?Today, we will take a look at the 4HS chart on PLTR Current situation: The price is below a Massive support zone now working as a resistance. This is a key level because we can deduce major directions if the price stays above or below the key level. Bearish Scenario: If the price reaches the red line, we can expect a continuation of the bearish movement towards the next trendline, which is not something clear but, if we have to create a possible level to see some bullish pressure, we think that would be one. Bullish Scenario: If the price breaks the key support/resistance zone and reaches the green line, we can expect either a direct continuation of the bullish movement towards the next resistance zone OR a throwback (retest of a key level after being broken) and a continuation movement towards the next resistance zone. Thanks for reading!
NYSE:PLTR
by ThinkingAntsOk
We are doing well, but the moment is complex! What to expect?Ok, PLTR did a bullish harami today, just above the 20.80, and this confirms our main idea. Now PLTR is bullish again, and it is supposed to seek the 22 one more time. If PLTR will break this resistance we don’t know yet, but I’ll keep you guys informed about the next steps. Therefore, remember to follow me! Right now, we may see a correction, but the 21 is a support level, as it is the 20ma area. The 4h chart indicates that we could see PLTR breaking the 22 in the next days, and it could seek the 24 next. Meanwhile, everything is going well with PLTR, and our trades are doing just great so far. 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.
NYSE:PLTRLong
by UnknownUnicorn21312077
When you forget to update your trading strategies..!One of the most common problems in trading is having a single strategy! If one strategy works for a while it is very good, but you should be ready for different markets. We have at least 3 different types of markets! Bullish, Bearish, Correction. If anyone tries the very same strategy during different types of markets, the result will be disastrous! It seems ARK Invest still tries the same strategy they used in the past years. But in the past 3 months, they are more than 35% down and they keep ignoring money outflow and profit booking from their funds! look at the result: -1 PLTR 2- NASDAQ:VUZI 3- AMEX:ARKK 4- AMEX:ARKF 5- AMEX:ARKG 6- AMEX:ARKW If you find these chart following the same pattern it is because: Cathie forgot to ask Brett to update the trading algorithms! Moshkelgosha
NASDAQ:TSLA
by Moshkelgosha
1