Tech Stocks & General Market Weekly BreakdownHey guys, in this video we're gonna break down the bigger timeframe where I'm going to skim through a lot of tech stocks on my S&P500 ticker list.
Going through:
AMZN
ABNB
ADBE
ARKK
BABA
FB
FVRR
DASH
GOOGL
LMND
NFLX
MSFT
PYPL
PLTR
UBER
LYFT
among others. You can let me know what you're watching or post your questions underneath.
PLTR
STOCKS - Palantir $PLTR - Wave 3Algorithm has given entry signals for Palantir Technologies
- Palantir Technologies is ready for the triple digits, to join its peers in FAANG.
- Potential technical breakout.
- Invalidated if the rally turns to a sign of weakness.
GLHF,
DPT
Disclaimer:
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PLTR: These bullish patterns could make it fly again!Hello traders and investors! Let’s take a look at how PLTR is doing today!
Since our last analysis, PLTR did a breakout from the points we mentioned, and now it is trying to reverse the bearish sentiment, but it is still looking quite weak. If you missed my last analysis, the link to it is below.
Now, PLTR found a support level at the blue line ($ 22.84), and although it reversed the bear trend seen in the 1h chart, this is not a clear bull trend – it looks more like a congestion .
If PLTR loses this blue line, it’ll also trigger a possible Head & Shoulders chart pattern, and the target would be around the $ 21.07. This blue line is also important because it was the peak between the valleys of the previous Double Bottom pattern, which we discussed in our last study as well.
So, we can assume the blue line is a relevant support level, while the green line at $ 24.45 is a possible pivot point. Let’s see the daily chart for more clues:
If PLTR defeats the $ 24.45 again, it’ll trigger a pivot point in the daily chart, and this could easily reverse the bear trend. If it breaks the $ 27.41, even better, as it’ll trigger a Double Bottom pattern in the daily chart as well, and this will confirm all the bullish signs PLTR could possibly give in smaller time frames. Let's see if PLTR will confirm the bullish idea.
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Thank you very much!
PLTR 2 ScenariosThese are just two futures I can see coming for PLTR.
Scenario 1, we continue to bounce between our current areas of support and resistance until we're able to find a similar consolidation pattern upwards for the next push upwards. I think this is the most likely since the descent should've happened by now.
Scenario 2, in the upcoming days we see a big drop down to our first level of support with some uncertainty for the future. Any consolidation downwards could mean dropping further.
PALANTIR ABOUT TO RETEST RESISTANCE AGAIN!palantir now has to break the falling resistance. Then we see another retest of the old resistance @ around 26. Good opportunity for short term trades / swing trades.
Personally i will hold most of my position size long for several years . For everyone who intends to do this there is still a buying zone right now!
$PLTR - Bullish-ish but barely.Hi Ya'll,
First of all, this is not financial advice. It's my own DD that i use to trade. This ain't even very logical DD and is likely a pretty bad idea actually. Almost regretting it really.
I think PLTR is bullish, but just barely... There was a big sell off in February as shown by the OBV indicator and this means that PLTR has lost it's legs and previous support/resistances. It's entered a new trading range.
I think if PLTR is attacked by hedgies, it'll have a rough time staying above $20. If however hedgies and shorties aren't interested in PLTR, i think we can float at around $20 - $24.
My bet on PLTR is that due the previous sell-off, someone will actually buy PLTR shares at the end of the bullish wedge i'm indicating on the chart. Unfortunately even though i want this to happen, i think it's just a dream as wall street isn't very interested in buying PLTR with it's various tech related excuses, but i believe it's mostly because of how PLTR's shares are set up and how no external entity can have true ownership over PLTR no matter how many shares they buy. This is in PLTR's prospectus document.
Only Kathy Woods and retail might be interested in PLTR due to it's actual value, whilst the rest of wallstreet isn't really interested because it's not a company they can bet against also due to the huge share float of PLTR.
So yeah, PLTR barely bullish for me, just barely with a chance of shorts if they catch on and realize PLTR is prime for a quick one. I should probably be shorting it, but i'm not that kind of guy so. PLTR's OBV is somewhat terrible and has collapsed due to the large selloff by Cohen and others. I'm not sure this company can make it in the Public trading domain... and honestly i might actually just kill my buys... I don't know, i want to have hope but... yeah. Indicators not looking good for me and i'm not terribly confident in their ability to make a net profit yet cause they aren't making money...
Gonna be checking them out for the next few quarters and see if they improve with their ever increasing government contracts.
I have a large long buy position PLTR btw.
Palantir [PLTR] time to accumulate more sharesAs the 10 year Treasury Yield continues to climb, Palantir is staying relatively stable. Not much price movement unless huge institutional investors continue to buy such as Cathie Woods or Palantir makes a new contracts with other bigger companies or government agencies as such. Till then will wait for PLTR earnings report which will be May. Till then Prices will stay relatively stable . Will continue to monitor PLTR progress as PLTR will make a huge disruption in the TECH industry.
Bullish on PLTR(This is not financial advice)
Hey everyone I made this chart on PLTR a few days ago and so far I am in the green and is turning out as expected so take this as you wish I setup some price targets and my entry was 21.50.
I really like Palantir as a company and stock. Both long and short term I think they are very undervalued and have a lot of potential. For this play I would be looking to buy 20-23 for entry with a stop loss of 19.50 or somewhere around there. Looking to break out of this resistance off this support. People are starting to move back into tech and innovation stocks like PLTR so I think this a good swing trade over a few days and maybe weeks taking profits at price targets on the way up.
Let me know what you think and if you agree or disagree in the comments. Also be sure to like and follow.
Thanks for checking out my Idea!
- Vlaire