PLTR
PLTR: I have 3 points for you to keep your eyes on!Hello traders and investors! Let’s see how PLTR is doing today!
I have 3 key points for you. First, the $ 20.18 . This is a strong resistance, which PLTR failed to break before the recent drop. This is the most important point for a mid-term reversal.
Second, we have a short-term congestion, and its bottom level is the $ 18.52 . If PLTR drops below this point, it’ll resume the bear trend and seek the next support levels, like the $ 17.
Last, we have a micro pivot point at $ 19.46 , which if defeated, could make PLTR retest the $ 20.18, and then, the fight will be intense.
In the daily chart, PLTR looks quite pessimistic, but the reaction seen on Tuesday might bring something new for us. The volume was great, but as promising as this sounds, we are still in a bear trend in short/mid-term, and no reversal sign yet.
Let’s just keep our eyes on the $ 20.18, as this is the most important key point to watch. If you liked this analysis, remember to follow me to keep in touch with my studies, and please, support this idea if it helped you!
Thank you very much.
Seeking the $ 22! But there's one problem...PLTR hit the 50% fibo retracement today, at 18.66, and if it breaks the 20.30 we'll have a bullish confirmation that could take the stock to our target.
The area between the 18.81 and the 20.30 is a solid resistance, but if PLTR breaks it, the 22 area is the next stop.
We have no other major divergence on RSI or OBV, so, our analysis will be naked today, we'll only use only with Fibo. But PLTR must break the 20.30 as soon as possible, or it'll just keep dropping.
If it loses the 50% retracement, we'll see it at the 17 again. Let's keep our eyes open here!
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.
Do not follow ARK invest..!My private followers Just made a+50% to +100% gain by shorting Palantir when it was above 20 yesterday! (buy put 20, May 14, 2021, at 64 cents!)
I don't sell signals, I teach people how to make profits out of market opportunities.
For instance, do you know what type of Gaps were created in most Stocks yesterday, and how you should play them?
My followers know because I send them educational articles below my posts!
I spend 6 months studying the ARK investment behavior and I found most of their tricks..!
While Ark invest has had a great performance of +988% between Feb 2016 and Feb 2021, they had a -38% loss in the last 3 months!
Their best days have gone..! they are trapped in the bubble they created through social media propaganda! I warned people since mid-February 2021!
PLTR is flying today! What's the targets for it?Our trade on PLTR is doing pretty well. It triggered our trade at 19, as we talked about in our last analysis, and now it almost our first target, at the first fibo retracement.
The RSI divergence worked wonders here, and PLTR looks great.
PLTR was extremely oversold yesterday, and it did a power bar today, and this could work as a short-term reversal point. Let's keep watching 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.
Palantir breaking downSince PLTR IPO, the price has been ranging in 3 areas.
It appears we are breaking down from the strongest support (bottom on range 2), and will potentially enter the range 1. This level is also coincidental with 61.8% Fibonacci Retracement line.
I would be willing to enter a position for a long-term trade, if we can reach the high of the IPO, which is approximately $11
PLTR - We can see a possible Support!Terrible month for the tech sector and the whole market. After staying as a favorite pick for many thanks to the support from Cathie Wood as well, Palantir was a one-stop to go for the investors. However, now it is one of the most negatively affected stocks that lost a good amount since the recent recession in the tech sector. But here we are, at a strong support point standing at 18.00.
-What now?
We see possible 2 supports that can bring the PLTR back on track again. One at 18.00 and the second at 14.00. Well, hopefully, we won't see it dropping to the 14.00 but it looks like these 2 points are the only way out of this situation.
Is it still worth trading PLTR? Here's an idea for you!Hello community! Well, PLTR didn't trigger the trade we were looking for, but the RSI divergence still persists. This drop only means we can buy it at a better discount, but always wait for the trigger point, ok?
The trigger is the 19, and we have two targets: the 20.74 and the 22, and there's a good reason for this. These points are not only previous tops, but fibo retracements in the 4h chart.
The 20.74 is the 38.2%, the 22 is the 61.8%. These are quite important points for us, and we must keep our eyes at them!
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.
PLTR to $15 or $32This is so manipulated. The volume has been drying up every single day for the last few months and the MM;s are just allowing shorts to drive the price down. there has been no negative news in quite some time. I expect a beat on earnings, but the MM's want this down. probably not a good trade.
ADDED to $PLTR Target 33.39 for 24.26% $PLTR Target 33.39 for 24.26%
Or next add level is at 20.35
Added again here. Anywhere around this price point is an EXCELLENT entry. I will be adding more next week.
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
PLTR - Rise to the Top of the ChannelHello everyone,
I hope you are all doing well!
In this analysis, we have are moving inside a huge channel and are currently at the bottom.
We are sitting on a KEY SUPPORT that I beleive we are going to hold and go to $31.
There is possibility of more bad news and break lower. The lowest point would be between $16 and $14 and from then on, we would rise back up to touch the channel once again and most likely break it.
Currently, only 3.43% of the shares are in profit. Think about how the BIG hedgies would react to being at a Loss, would they Sell or Doubble Down and Average Down their position? These prices are a steal to have for Long-Term investing and 96.57% are bought higher than you would buy now ;)
Controlling your emotions is one of the key elements in being profitable in trading and now is the time for the market to test your control. Do not panic sell as there has not been any funadmental changes in the price to bring it down as much with the company, the investment funds are currently in Crypto, so that is why we have fallen so much. As soon as Crypto dies, the funds will flow back.
Thank you for the attention, I wish you an amazing Friday!