PLTR: Ending diagonal?Don't follow this one much, but I've heard some good things about the company. I'll have to look into them more. The chart looks good. We have a pretty ugly ending diag. If examined closely it fits the internal wave structure of the aforementioned pattern. We also have some pretty good looking divergence on the 1hr. Some good looking humps ;)
What do you all think of PLTR?
I've been trying to keep these updated as much as I can while balancing family and work. I hope we all come out on top next week. I've been bleeding out long enough :) lol
Linked another potential diag in EVGN. This one is a larger degree and it's a motive diag, not a corrective one.
Thanks for checking it out!
PLTR
PLTR - Massive Divergence on the horizon!Hello investors,
As we can see, we had a huge Sell-off for a few weeks and today the move to the downside was massive!
Palantir is signing more and more contracts, while the price is falling, which would mean that the only reason for the fall is the over-all bearish sentiment in the market.
We can see the enourmous divergence that we have on the RSI on the 4hr chart and this indicates that we are near the bottom of the fall!
Fundamentals of the company are more than amazing as we are a huge devoleper of an inovative industry, so huge returns are expected once the whole market becomes bullish.
A long-term BUY position is a safe and smart move and since Cathy has been buying the stock a lot during the last few days, she should have acquired an enormous amount of shares today and with that the bottom of this fall is near.
Good luck to all my fellow investors and traders!
Bullish Bat in Palantir..!This analysis is obsolete if price slips below 22.50..!
Potential gain:30%
Reward/Risk:+5
Timeframe: 2-4 wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
*** overall PLTR is famous for its wild moves! Please manage your risk !
**** this could be a left shoulder of a head and shoulder pattern..!
***** opening long position 20-25% of your trading capital in the first two weeks of March is not recommended!!!
Moshkelgosha
PLTR: Light in the end of the tunnel?Hello traders and investors! Let’s talk about PLTR today! Let’s begin with the daily chart, then we talk about the weekly chart.
First, the problem with PLTR is that it is losing its support level at $ 22.50. This would be dangerous, as PLTR has no other clear support levels below this point (maybe the $ 17, but I’m not sure).
On the other hand, now would be the perfect time for a reaction. If we see a bullish sign on Monday, or a strong reaction today, the market may see a false breakout from this support level, and this could be a buy opportunity. Movements like this are buy opportunities because the Risk/Reward ratio is very attractive, and investors like good R/R ratio.
But we must see a good reaction quickly, otherwise, the bear trend will persist. Now, the weekly chart:
PLTR is not only near a support level in the daily chart. In the weekly chart, the stock just dropped to hit its 21 ema (it is a brand-new 21 ema, yes, because PLTR is a quite new stock as well, but we can’t deny we have one 21 ema now).
We have 2 support levels in different time frames, and this is why I see this moment as a good opportunity for a reaction. It is not a buy, but it is not a sell either. We must patiently wait for more signs on PLTR.
Given the high volume during the recent sell-off, we can assume that PLTR will not react and fly again. Scenarios like this are very unlikely after a sell-off with high volume. The volume must decrease first, and the stock must do some accumulation patterns before it can fly again, in my opinion.
Let’s follow PLTR closely from now on, and if you want to keep in touch with my daily studies, remember to follow me . And if you’ve made this far, it means you found this analysis good in some way. If that’s the case, please, support it!
Thank you very much, have a nice weekend.
What we can expect from PLTR?Hello Guys, I would like to introduce to you my idea about the future of PLTR . I am a holder of 1000 shares from 24.01$ and I am long till a minimum of 200$.
After the last week, we got few red days including yesterday, but as an Elliott wave trader, I can see an opportunity to jump in as like in AMC, I think we reached the bottom as you can see we already bounced few times from the support lane. After carefully checked the Fibonacci lvls, you can see that we bounced exactly from 61,8 for the 2nd wave of Elliot. The question is when we will start the Gamma Squeeze, maybe it will be on 19/3 ?!?, who knows. But in my opinion, the Gamma squeeze will be the 3 wave of the daily Elliot, till 81$ - 117$ range, It all depends to us, how long we will keep our Dimond hand.
Just HOLD Guys, we can make it <3
PLTR - Diamond WatchIn looking through high multiple names this one stayed right in EQ through-out the sell-off. Top bounce watch. The siren song of Friday Weeklies..if we bounce.
PLTR bullish everythingBlueWave gave us a buy signal + Bullish Divergence.
RSI Oversold - & sitting on the support line
$PLTR on historic supportHello traders. Let's get right into it: PLTR has tested the $23-$25 support range multiple times the past few months (about 12) . That level was tested 6 times the past 10 days or so. So far it has been holding like a champ. For that reason I think this is a relatively safe place to start a trade because if that level holds we will most likely see some upside sometime soon (perhaps modestly at first due to fear in the market). If we break below that level we can potentially revisit lower lows.The next support is around the $20-$21 range. Below that there is some support on the $16-$17 range.
I believe this is an optimal entry because you can exit the trade with minimal harm if the price breaks and closes below the support. Additionally, there is bullish hidden divergence between RSI and price and MACD is in oversold territory. Finally, volume is decreasing considerably (though still above average), which means sellers are getting exhausted. If you want to be more conservative you can wait for a MACD crossover and move above the 0 level to place a trade. If you are a long term investor I think this is a good buy opportunity. That support zone is solid like a rock. Let's hope it keeps holding.
Safe trades and good luck!
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
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.
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