PLTR volume slope/MACD price divergences 2hDowntrend is getting weak. MACD and volume slope lines are diverging from the price. I also noticed how WEAK was 38 USD second peak. I mean it! compare volume near that level or near the first run(to 38) and the volume now near the bottom. Interesting isn't it? Either we got a lot of new buyers or people don't know if they have to sell or buy which results in a lot of transactions. Uncertainty s never good in my opinion which I consider as a trend drawback.
PLTR
Palantir will load more at $20PLTR declined 9.2% in the last trading session, 17.4% over the past five days, and 37.2% since February 9, in part because insiders sold shares following the expiration of the lock-in period following the stock’s listing. Insiders were initially allowed to sell just 20% of their shares; the limit on their ability to sell their remaining 80% expired last week. While insider stock sales don’t necessarily suggest a company’s weak prospects, PLTR’s recently released mixed fourth quarter (ended December 31, 2020) results could be a reason for worry for investors.
PLTR Entry Under 25$PLTR has been beaten down from its ATH of 45$ which is largely due to the state of a volatile bond/stock market. PLTR is an incredible company that dominates its industry and has also diversified its revenue streams away from government contracts towards the private sector. Famous growth investor Cathie Woods has also been buying the dip heavily on PLTR which signals to me that she believes that it is massively undervalued. PLTR has been trading in the 23$-25$ for the past week showing a possible bottom for it. After the suspension of the shareholder lock up, as well as positive retail investor sentiment, and massive growth potential, I see PLTR retesting its high of 45$ in March, nearly doubling from its current price. This is not financial advice, I am not advocating the buying or selling of PLTR stock.
Watch for a huge breakout! $38 could be coming very soon! $PLTRAs soon as we break that $30.50 resistance there is so much more room to go up. Could see $38 very fast
BUY PLTR - PURELY TECHNICAL STOCK ANALYSISIt is evident from the chart a clear support level has been established, but not only that, it has been respected. On that basis, it can be said it is likely PLTR will continue up for the foreseeable future.
*NOT FINANCIAL ADVISE, MERELY AN OPINION*
Reverse Head and Shoulder complete , once Selling pressure over Feel Free to comment
Pattern complete
Once selling pressure from insider are over we will reach new HIgh
Target : re test 43$ before May
PLTR Falling wedge pattern! Look for a reversal!$PLTR Palantir Tech
Price Targets:
1. $27
2. $29
3. $32
PLTR has been seeing some strong declines over the past month making lower lows and lower highs and formed a classic falling wedge which is a bullish pattern. There is a divergence in RSI (was below 30 for the past few days) and RSI is currently around 45 again divergence in RSI is also a potential bullish signal.
PLTR broke out of wedge in the opposite direction today which is a sign of a reversal. Volume is relatively low. Need a good volume confirmation before opening a long position.
Good luck and trade smart! (not a financial advice)
PLTR LongSo much confluence on this setup, with a good market sentiment and momentum i think it will have a huge run in no time. Very high watch for me, currently loading in the entry zone for starter position, will have a full position on the break of the wedge with volume. Happy trading :)
$PLTR Perfect Bounce at $22! Next Bounce a Breakout?How's it going everyone! Hopefully you all have a great weekend! Here is a follow up Video breakdown on $PLTR going into March!
PLTR Falling Wedge ReversalPalantir got beat down this week due to the broad selling in every sector but is still a high growth, fundamentally strong stock to have. We see a falling wedge reversal pattern forming, ranging in a tight cone from the past couple of days. After hours, news dropped that Cathie Woods from ARK was buying, which lifted shares up almost 3%, and is currently trying to break out of the wedge. RSI looks healthy after cooling off on all time frames proving that PLTR is oversold. We are in PLTR spreads, and are waiting for a confirmation break out of the wedge. Entry Above 24.4, PT1 27.3, PT2 30.1, LT PT 45+, SL below 22.7
BUY THE DIP | READY TO POP $PLTRPalantir is primed for another run, will you tag along?
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Waiting for a strong confirmation on Monday to confirm but PLTR is looking beautiful into this close...
Tag along for some Easy Loot!
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PLTR is reacting to a key level at $22.59 as it looks to hold it as support. Today we seemed to have made our first test, would like to see a nice bounce Monday will confirm stronger support (bounce 4-5%). After we should see a nice run toward $31.5 to test as resistance before blowing past.
After we bounce & breakout:
Target: Long HODL (NEVER SELL)
2rd Target: $31.5
3nd Target: $37.98
Easy Loot Speculation $80-$120 minimum within next 5 years
DCJ
PLTR strong support the end of downtrend?we have a strong support area with a hammer candle its a good sign of reversal
Bullish Divergence on the MACDBeginner Friendly
I love to see bullish divergence on the MACD(moving average convergence divergence) indicator. It usually always makes a bullish cross to the upside :)
Bullish Divergence:
To put it simple, when price action is making lower lows while the MACD is making higher lows, its considered bullish divergence. This is a good indication that a trend reversal is about to happen. Of course no one indicator is 100% accurate, so make sure to also evaluate the sentiment of the market/stock. I like to pair this indicator with the RSI (relative strength index) to get a better idea on where I should position myself in the trade.
For example, lets take this PLTR chart:
Price Action is falling (making lower lows)
The MACD indicator is rising (making higher lows)
There was a bounce off of the support line as the MACD is crossing up
The RSI indicator is pretty low indicating that the stock is oversold
These make great conditions for a trend reversal. I would only take this trade once the cross is complete because remember, no indicator is 100% accurate. As stated in my previous post, I wont be hopping into this trade until a trend reversal is signaled because the market is too mixed for me.
I found a really awesome post that will help you understand different type of divergence's ---> Types Of Divergence
Thanks for reading, leave a comment and me know what you think!
PLTR to the moon !!!I have high hopes for PLTR it seems to have formed a pennant on the 4 hour timeframe and looks about ready to breakout. It is also respecting the support line that has been tested 4 times. Let's see what happens over the next day or two.
I'm already in multiple PLTR calls with April exp dates but am looking to size up should it break out of this formation with volume.
I'm not an expert and any critiques or advice is welcome :)
pltr updatelittle trade here
buy wave 2 pull back in my golden zone
pt: 37 for wave 3
this may take a bit longer than projected, so trade carefully
PLTR On Strong SupportPLTR is holding its strong support. If buy here first target 30ish and second is 33ish.