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PLTR

PALANTIR: Best buy opportunity since January.PLTR is bearish on its 1D technical outlook (RSI = 33.299, MACD = -0.640, ADX = 35.931) as it trades under its 1D MA50 and today reached the 1D MA100 for the first time since February 5th. Even though the 1 year Channel Up still has some downside to bottom on its 1D MA200, this is technically the best buy opportunity since the January 31st low as the 1D RSI entered the 1 year Support Zone. This is the 3rd correction inside this Channel and each leg is -4% shorter, so the current -25% correction from the top is a fair Low to buy. The accumulation at the bottom of those corrective waves has been between 4-6 weeks so the market may take its time to accumulate towards the end of May and then rally aggressively. Fair target, the 1.236 Fibonacci extension (TP = 29.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:PLTRLong
by InvestingScope
1
PLTR - Earnings pop incoming?I've put a lot of thought into this one. This chart is in log mode as the wide range of prices covered are smoothed and reveal the potential true picture. I give a primary bullish scenario but caveat with multiple different potential outcomes given certain price actions. Trade at your own risk. As you can see, PLTR put in a significant top near the 61.8% retracement of the major move down from January 2021 to January 2023. In linear mode, it's also a 61.8% retracement (not shown on chart) of the September 2021 top from the January 2023 bottom, further confirming how much of a massive resistance level it is. Elliot Wave indicates that this was a 3rd wave in a 5-wave upward impulse. For that to be true, PLTR will need to hold the $12 area if it is going to continue down leading into earnings. Should it hold there, the potential for an earnings pop is at our fingertips. If you look at the 2nd wave of the current 5-wave move up, the same thing happened with earnings there leading to a massive move upward into our very explosive 3rd wave. This leads to our buying opportunity. Should we see PLTR dip below $15 today through Wednesday, October 27th, it would be in the accumulation zone. Set your stop at $12.00 with a GTC-EXT order. This should limit your losses should earnings kickstart a further downward move that breaks support. Assuming the 5th wave does engage, the potential targets are outlined on the chart. I must caveat though that 5th waves are unpredictable. They can terminate before, at, or higher than the general expected levels. In Elliott Wave, usually only one of the 3 impulse waves (1,3, and 5) will see an extension. With 3rd waves usually targeting the 161.8% fib extension level, the 5th wave target is generally expected to be the 200% level. With every 3rd wave extension level, you can usually expect the 5th wave level to rise the same number of extension levels. In this case, the 3rd wave extended and surpassed the 176.4% level, one extension level above the standard, and came shy of the 200% level. So the general minimum expectation for our 5th wave target should be a minimum of the 223.6% level, which comes in at around $25. Given that the 3rd wave already extended, it should not be expected that the 5th wave will also extend. If it somehow does, the upper target is a gap fill from February on 2021 at $31.34. Profit is generally taken at the minimum level with some runners left for potential upside. Should PLTR start rising and form an upward pattern prior to hitting my ideal 4th wave target in the mid $12's, it is possible the 4th wave is already in (or maybe it touches the mid $13's one more time). I will add that the shape and structure of a 4th wave that terminates in the $13's holds a far more likely chance of becoming a a descending triangle where the bottom holds flat and the tops terminate lower until the pattern ends. If this were a triangle, it would be most likely that the next touch of the mid $13's would be the c wave with an e wave to come in the $17 range and the e wave to again target the $13's. Due to the nature of the current structure, I only favor a significant earnings pop should PLTR fall to $13 or lower. Should you see PLTR dip below $12, then the expectation shifts to a major top being in and downward pressure taking this to $10 and potentially lower. Therefore, below $12 range and I recommend getting out and waiting for further clarity. If you hold at a basis higher than the previous top and don't want to sell, consider selling calls to lower your basis or selling $10 puts. The alternate count not shown on this chart would have the May 2021 low as an A wave, the September 2021 top as a B wave, and the January 2023 bottom as the C wave in a larger degree (A)(B)(C) long term corrective pattern. The recent top at the 61.8% level would be the 3-wave (B) wave of this larger degree, with the bottom (C) wave coming in at new lows over the next 1-2 years. This is why the stop is so important. Readers should always remember that markets are their own creature made up of millions of individuals and institutions each following some combo of inherent bullishness, inherent bearishness, fundamentals, technicals, stupidity, and pure emotion. Elliott Wave, and specifically Fibonacci Pinball (developed by Avi Gilburt at elliottwavetrader.net and prominent Seeking Alpha author), merely provide a framework based on the observed price action to date. I know that while my wave outline is based on years and years of data and application from not only me, but some of the best in the game, I also know that markets do not follow a set path and that sentiment can remain irrational far longer than I can remain rational. That is why you MUST consider the altneratives and manage risk appropriately. Know the pivot zones that could lead to the primary path failing. In this case, it's the low $12.00 range. I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors. My analysis is not a recommendation for a specific trade. My analysis outlines a potential scenario and provides risk assessments for multiple alternate scenarios. -mazag08 - TastyWavez 2023
NYSE:PLTRLong
by mazag08
3
Palantir and Oracle Forge Alliance in AI and Cloud ComputingUnveiling a Strategic Partnership In a bold move destined to reshape the landscape of artificial intelligence (AI) and cloud computing services, Palantir Technologies ( NYSE:PLTR ) and Oracle ( NYSE:ORCL ) have announced a groundbreaking partnership. This strategic alliance heralds a new era of innovation and efficiency, promising to revolutionize how businesses harness the power of data analytics and AI technologies. Harnessing the Power of Palantir's Platforms At the heart of this partnership lies Palantir's renowned software platforms: Palantir Gotham, Palantir Metropolis, and Palantir Foundry. These platforms, tailored to specific industries, have already demonstrated their effectiveness in empowering organizations to unlock actionable insights from complex data sets. Now, with the added advantage of Oracle's cloud infrastructure, these platforms will be further enhanced in terms of scalability, performance, and accessibility. Pioneering the Future of AI with Generative Models One of the key highlights of this collaboration is the migration of Palantir Foundry workloads to Oracle's cloud computing platform. This strategic move underscores the commitment of both companies to providing customers with unparalleled flexibility and agility in deploying AI-driven solutions. Moreover, Palantir's Gotham and AI Platforms will now be deployable across Oracle's distributed cloud, expanding their reach and impact across diverse market segments. Technical Outlook Palantir ( NYSE:PLTR ) closed at 22.48 down by 1%. Palantir stock is trading below the 200-day Moving Average (MA) with a Relative Strength Index (RSI) of 41.33 indicating a moderate selling bias of the stock.
NYSE:PLTRShort
by DEXWireNews
Palantir: Time to Exit?Upon closer reevaluation of Palantir, we continue to believe that we have not yet completed Wave (2) and that the price should not continue to rise. Our initial hypothesis was invalidated; we first expected to see Wave 5 at $19. Now, we assume Wave 5, or rather Wave (1), at $21.85, having developed Waves A and B, with Wave B at $25.69. This should also form our top and serve as an Expanded Flat, which we set from Wave A downwards. This closely aligns with the 61.8% level, which is highly probable for a Wave (2). Our target range is between $12 and $9.36. We should not fall below this; otherwise, we would consider closing the position down to $7.19, although we deem this unlikely. We believe the price will move within this range. We will place a limit buy order only after observing a significant weakness in Palantir.
NYSE:PLTRLong
by stromm_by_wmc
3
Palantir Stock Plummets by 6% Amidst Generative AI Hype CyclePalantir Technologies (NYSE: NYSE:PLTR ) has been on a wild ride in the stock market, experiencing both exhilarating highs and nerve-wracking lows. The latest twist in this rollercoaster journey comes with an analyst downgrade from Monness, Crespi, Hardt & Co., sending the stock plummeting by 6%. The reason? An 'Unprecedented Generative AI Hype Cycle' that has inflated the company's valuation beyond what some analysts consider reasonable. The Hype Cycle: Generative artificial intelligence (AI) has been the talk of the town lately, promising to revolutionize industries with its ability to create text, images, video, and even computer programming code autonomously. Palantir, known for its data-mining and analytics prowess, has eagerly jumped on the generative AI bandwagon, aiming to leverage this technology for growth in commercial markets. Analyst Downgrade: Brian White's downgrade of Palantir ( NYSE:PLTR ) stock to 'Sell' from 'Neutral' with a price target of $20 reflects concerns over the stock's sky-high valuation amidst the generative AI frenzy. Despite Palantir's significant gains of nearly 43% in 2024, White believes the company's valuation has become "egregiously rich," leaving investors vulnerable to potential downside risks. Reality Check: While Palantir ( NYSE:PLTR ) has made strides in capitalizing on the AI trend and expanding its market reach, concerns linger over the lumpiness of government-related contracts and spotty execution. Additionally, the stock's recent retreat from its March high underscores the volatility inherent in Palantir's journey. Disclaimer: Investing in stocks involves risks, and past performance is not indicative of future results. Investors should conduct thorough research and consult with financial advisors before making investment decisions.
NYSE:PLTRShort
by DEXWireNews
PLTR: Obvious distribution happening, time to buy is coming soonPLTR is stuck in a range. Distribution patterns are forming. RSI is holding on to a critical level. Good new out there is not making any dent to the price action. The ticker has a history of falling off the cliff after being range bound. EW count is suggesting a full 5 wave sequence is complete. So, basically it is time to hurry up and wait. PLTR has just completed the first minor degree wave 1 cycle. It is expected to see a deep correction, but the company fundamentals are very strong. My plan is to watch the EW wave formation in lower timeframes and the fib retrace areas to identify buying zones. I am willing to accumulate as price is going down, because the probability for this stock to go much, much, much, higher is too great to ignore. Price targets will come soon when the correction intensifies.
NYSE:PLTRShort
by mukit1
$PLTR Weekly Chart Double Top PierceNYSE:PLTR Weekly Chart Double Top Pierce, to break through this, wait for bullish consolidation. A "Double Top" in technical analysis refers to a chart pattern that occurs when a security's price forms two consecutive peaks at a similar level, separated by a trough. It typically signifies a potential trend reversal from an uptrend to a downtrend. In the case of the NYSE:PLTR weekly chart, a Double Top pattern suggests that the stock price of PLTR reached a peak, retraced, and then failed to surpass the previous peak, indicating a possible reversal in the stock's upward momentum. Traders and investors often use this pattern to make decisions about selling or shorting the stock, anticipating further price declines.
NYSE:PLTR
by AlgoTradeAlert
QS Accumulation completeI have been accumulating QS for a while now and I will admit that I have had to average down a few times. The chart has been hard to read and has been manipulated many times to throw people like me off their scent. But I believe this stock is being accumulated just like PLTR was. Both stocks chart also show a lot of similarities and I have added PLTR fractal. I correctly predicted the bottom of PLTR and it has done well ever since. Please boost this idea and following for more contents Note: This is not an investment advice, please do your DD
NYSE:QSLong
by BlackisKing
5
Palantir Wins U.S. Army Contract For Project TITANPalantir Technologies ( NYSE:PLTR ) has secured a lucrative $178 million contract with the U.S. Army for Project TITAN, a cutting-edge battlefield system powered by artificial intelligence. This groundbreaking development has sent shockwaves through both the defense and technology sectors, propelling NYSE:PLTR stock to new heights. Project TITAN, aptly named Tactical Intelligence Targeting Access Node, represents a paradigm shift in modern warfare, harnessing the power of data aggregation from space and terrestrial sensors for unparalleled precision targeting and battlefield planning. Palantir's role in this venture underscores its position as a leader in providing AI-enabled capabilities to bolster national defense efforts. "This award demonstrates the Army's leadership in acquiring and fielding the emerging technologies needed to bolster U.S. defense in this era of software-defined warfare," remarked Akash Jain, president of ( NYSE:PLTR ) Palantir's U.S. government business, in a statement. The company's commitment to innovation and strategic partnerships has positioned it as a linchpin in the modernization of military operations. The integration of technologies from industry stalwarts such as Northrop Grumman, Anduril Industries, and L3Harris Technologies further underscores the collaborative nature of this endeavor. By leveraging the collective expertise of industry leaders, Palantir ( NYSE:PLTR ) aims to deliver a battlefield system that sets a new standard for efficiency and effectiveness in military operations. Beyond its immediate impact on defense capabilities, Palantir's ( NYSE:PLTR ) foray into AI-defined vehicles marks a significant milestone in the company's evolution. With a keen focus on commercialization, Palantir ( NYSE:PLTR ) seeks to leverage its AI platform to penetrate diverse markets, including healthcare, energy, and manufacturing. The company's ambitious expansion plans underscore its confidence in the transformative potential of AI-driven solutions across industries. As Palantir ( NYSE:PLTR ) prepares to showcase its AI platform at the upcoming AIPCon event, investors are eager to witness the unveiling of this groundbreaking technology. With NYSE:PLTR stock already surging in response to the TITAN contract, analysts predict continued momentum as the company solidifies its position as a driving force in the AI landscape.
NYSE:PLTR
by DEXWireNews
Palantir : In-depth Chart Analysis and Future OutlookIn our detailed examination of the daily chart for Palantir Technologies, we've uncovered the development of a 5-wave cycle culminating in our significant Wave (1). We are currently navigating through Wave (2), which appears to be shaping up as an expanded Flat Correction. Closer analysis suggests that the extent to which Wave B overshoots should directly correlate with the extent to which Wave C dips below Wave A, precisely targeting the 61.8% retracement level. This makes the $10.94 level particularly intriguing for us. Given the presence of a gap near the 78.6% retracement level, there's also a possibility that this gap might be filled. Our conviction in Palantir's potential and the compelling narrative of the chart argues against being prematurely stopped out. Consequently, we're considering setting our stop-loss strategically below the $7.19 level, the subordinate Wave 2, at $7. For the upcoming Wave (3), we anticipate a minimum rise to 161%, with the potential to extend up to 361%, projecting a price range between $32 and $58 for Wave (3).
NYSE:PLTRLong
by stromm_by_wmc
CRWD VWAP bounce earnings coming LONGCRWD reports on March 4th in the meanwhile in it is shown here on a 15 minute chart with a Bollinger Band overlay. Price has trended from the upper bands down through the middle line into the lower inner and outer bands where a reversal took place at the level of the mean anchored VWAP band where the price fall was rejected with good support and wick touches on the lower time frames. I see this as a set up for a new trend up in the run to earnings. I will take a long trade of shares and call options. My easy target is the upper BB bands but expect more than that in the upcoming week.
NASDAQ:CRWDLong
by AwesomeAvani
3
SNOW - buy the disappointment discount sale LONGSNOW beat the earnings estimates by 150% and slightly exceeded revenue estimates. Price dropped in printing a bear flag in a 22% move yesterday at the close. Buying from the bottom has begun and I have the idea that I should join. My pre-earnings play was closed going into the earnings in the high liquidity that proceeds it. I got my ask price on that position. The chart shows today's buyng volume and volatility. On the slow resumption of bullish price action, I have taken a long trade from the near bottom after this morning's reversal and call options ITM for the July monthy.
NYSE:SNOWLong
by AwesomeAvani
3
Momentum, Growth & Innovation: Updated WatchlistMomentum, Growth & Innovation: Updated Watchlist www.tradingview.com My updated trading watchlist includes a diverse range of companies across various sectors, prominently featuring technology, healthcare, and finance, among others. These companies, currently part of ARK Invest's holdings, are identified as being in a confirmed Stage 2 uptrend, indicating strong bullish trends according to Mark Minervini's methodology. This analysis will highlight key sectors represented, providing a broad understanding of the market dynamics at play. Technology Sector Companies like NASDAQ: NASDAQ:AMD (Advanced Micro Devices Inc) NASDAQ: NASDAQ:MSFT (Microsoft) NASDAQ: NASDAQ:NVDA (NVIDIA Corporation) and NASDAQ: NASDAQ:GOOG (Alphabet) underscore the significant emphasis on technology, particularly in semiconductors, cloud computing, and artificial intelligence. These firms are at the forefront of innovation, driving trends in digital transformation, and represent strong growth opportunities as they capitalize on increasing demand for technology solutions. Healthcare and Biotechnology NASDAQ: NASDAQ:IONS (Ionis Pharmaceuticals) NASDAQ: NASDAQ:RXRX (Recursion Pharmaceuticals Inc) NYSE: NYSE:NET (Cloudflare) and NASDAQ: NASDAQ:VRTX (Vertex Pharmaceuticals Incorporated) highlight the focus on healthcare and biotechnology. This sector benefits from ongoing advancements in medical research, genetic sequencing, and personalized medicine. Companies in this space are pivotal in addressing global health challenges, including new therapies and vaccines, reflecting potential for significant impact and investment returns. Finance and Cryptocurrency With holdings like NYSE: NYSE:ICE (Intercontinental Exchange Inc) NASDAQ: NASDAQ:COIN (Coinbase Global Inc) and AMEX: BITO, there's a clear interest in financial services and the burgeoning field of cryptocurrencies. These selections point to the growing influence of digital assets and blockchain technology in reshaping financial transactions, investment strategies, and asset management. Consumer Discretionary and E-Commerce Companies such as NASDAQ: NASDAQ:AMZN (Amazon.com Inc) NYSE: NYSE:SHOP (Shopify Inc.) and NASDAQ: NASDAQ:MELI (MercadoLibre) represent the e-commerce and consumer discretionary sectors. Their inclusion underscores the continued growth in online retail and digital consumer behaviors, accelerated by global shifts towards online shopping and digital platforms for goods and services. Aerospace and Defense With NYSE: NASDAQ:KTOS (Kratos Defense & Security Solutions Inc) NYSE: NYSE:LHX (L3Harris) and NASDAQ: NASDAQ:AVAV (AeroVironment Inc.) there's an acknowledgment of the importance of aerospace and defense. These companies are involved in cutting-edge technology for national security, space exploration, and unmanned aerial vehicles, sectors expected to see substantial growth due to increased defense spending and interest in space. Conclusion My watchlist reflects a strategic focus on high-growth sectors poised for continued expansion and innovation. By targeting companies within technology, healthcare, finance, consumer discretionary, and aerospace & defense, the list aligns with sectors that not only have strong current performance but also hold future growth potential.
AMEX:ARKK
by JS_TechTrading
PLTR pre-earnings play LONGPLTR has earnings on February 5 while on the 120 minute chart, the price action is that of a rising wedge with price compressing between a rising support trendline and a falling resistance trendline the extension of the neckline of the head and shoulders pattern of November. PLTR fell today and is near and above support. In a long trade, I see the target as 18 ( at the resistance trendline) with a narrow stop loss just under the support trendline. This makes for a possible 6% profit with a very good reward-to-risk ratio. A call option for the 2/16 expiration striking $17 is also under immediate consideration.
NYSE:PLTRLong
by AwesomeAvani
14
I am just saying, no fear of missing out here...Bearish short-term, but Bullish longterm... Palantir Technologies, Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. The firm offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. Its products include Palantir Gotham and Palantir Foundry. The company was founded by Stephen Cohen, Nathan Dale Gettings, Joseph Lonsdale, Alexander C. Karp, and Peter Andreas Thiel in 2003 and is headquartered in Denver, CO.
NYSE:PLTRShort
by EndlessCode
PLTR: waiting for the retracePLTR has exploded in February. It is also looking like finishing up the five wave sequence with an ending expanding diagonal pattern. There could be one more spike up before the sequence is over and we see a rather healthy retrace. the first leg of the retrace could be as explosive as the way up, followed by a bounce and another leg of drawn out accumulation phase. I will be planning on putting in a very, very long term (10 year plus) position in PLTR as it completes the intermediate wave 2 and gears up for a long wave 3 that could take this stock to triple digit numbers. The drawdown may coexist with the overall market correction that is due very soon and could last for two to three months. This is one of the few stocks I would like my money to be in.
NYSE:PLTRShort
by mukit1
1
The Bullish Case for Palantir Technologies ($PLTR)NYSE:PLTR is in a strong bullish momentum and breaking resistance levels. This is the year it will test and breaks its previous all time highs. Strong Revenue Growth: Palantir Technologies has shown impressive revenue growth in recent years. In 2023, the company's revenue increased by 17% year-over-year to $558 million in Q3. This growth can be attributed to the company's expanding customer base, which now includes major clients like the National Health Service in England. AI Integration: Palantir has been integrating artificial intelligence (AI) into its analytics platform, which has been a game-changer for the company. This has allowed Palantir to offer more value to its clients and has contributed to its revenue growth. Government Contracts: Palantir has a long history of securing lucrative government contracts, and this trend is expected to continue. In 2023, the company was awarded a $414 million data-communication platform contract with England's National Health Service. This demonstrates the company's ability to secure large deals and maintain strong relationships with government clients.
NYSE:PLTRLong
by EgideSimba