Get started

PLTR

PLTR: Teaching Technical Analysis to us!Hello traders and investors! Let’s see how PLTR is doing today! First, as we discussed in our last study, PLTR found a support level at $ 22.84, it reacted very well, a nd it broke the green line at $ 24.45 . This is a great sign, and likely PLTR will seek higher levels now. To check our last study, the link to it is below this analysis. Yesterday’s movement was important because PLTR is now free from the previous congestion , and what’s more, it seems the $ 24.45 is going to work as a support next, following the Principle of Polarity . Now, let’s see the daily chart: In the daily chart, we see a nice Ignition Bar yesterday, breaking the 21 ema along with the $ 24.45, and a nice increase of the volume . All of this, in addition to the bullish signs seen in the 1h chart, tells me that PLTR is going to fill the gap (yellow area) at $ 31.34. The only problem is if it is worth an entry point, and if the R/R ratio makes sense. It seems we have a Gift pattern today, which is just a correction seen in smaller time frames, translating into a small black candlestick in the daily chart. This could offer an opportunity, indeed, but there’s a right way and a wrong way of trading Gifts, and we must wait until the end of the day for more definition. If this analysis helped you, remember to like it! And I invite you to follow me to keep in touch with my daily updates. Thank you very much!
P
by Nathan_The_Finance_Hydra
15
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!
P
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!
P
by Nathan_The_Finance_Hydra
6