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PLTR

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:
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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.
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by UnknownUnicorn21312077
15
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.
PLong
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.
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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.
PLong
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.
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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.
PLong
by UnknownUnicorn21312077
6