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PLTR

PLTR: How to proceed and what's next for it?Hello traders and investors! Let’s see how PLTR is doing, and if it has been moving according to the technique and to what we discussed last week! First, yes, as we already figured out, this is an annoying congestion , indeed, and the support level at the blue line ($ 22.84) has been holding the price quite well, at least until now. But that’s ok, as this congestion at least broke the bearish bias seen from March 15 – 30. We talked about all these points in previous analyses, which you may find the links below in this post, if you are curious. Now, if PLTR loses this blue line, then probably it’ll fill the gap (yellow area) and hit the $ 22.06, then we must wait to see how it’ll react there. Otherwise, if it defeats the green line at $ 24.45 again, then PLTR will probably reverse the trend to bullish in the daily chart: The green line is a pivot point , and PLTR would also break the 21 ema as well. There are good chances that it will hit the $ 22.06 again, but if it reacts and triggers this pivot point, then PLTR will have everything to fly again. The volume increased recently, which is something to notice. If we see a correction on the Nasdaq Index, hardly PLTR will fly right now, so, keep in mind that this stock might test our nerves in the next few days, before it can give us any interesting sign. Remember to follow me if you liked this analysis and to support this idea with your like ! Let’s follow PLTR closely from now on! Thank you very much. Have a great week!
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by Nathan_The_Finance_Hydra
13
STOCKS - Palantir $PLTR - Wave 3Algorithm has given entry signals for Palantir Technologies - Palantir Technologies is ready for the triple digits, to join its peers in FAANG. - Potential technical breakout. - Invalidated if the rally turns to a sign of weakness. GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
PLong
by UnknownUnicorn1043646
4
PLTR: These bullish patterns could make it fly again!Hello traders and investors! Let’s take a look at how PLTR is doing today! Since our last analysis, PLTR did a breakout from the points we mentioned, and now it is trying to reverse the bearish sentiment, but it is still looking quite weak. If you missed my last analysis, the link to it is below. Now, PLTR found a support level at the blue line ($ 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. If you like this idea, remember to follow me to keep in touch with my daily updates, and please, remember to click in the like button before you leave! Thank you very much!
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by Nathan_The_Finance_Hydra
6
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.
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by PlayerNonZero
$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.
PLong
by leenixusu
2