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PLTR

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
PLong
by Samirp01
4
BUY THE DIP | READY TO POP $PLTRPalantir is primed for another run, will you tag along? - Waiting for a strong confirmation on Monday to confirm but PLTR is looking beautiful into this close... Tag along for some Easy Loot! - 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
PLong
by DotcomJack
2
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!
PLong
by diamondparker
2
Excellent opportunityFirst of all, we must not forget that we are looking at a very young stock. It also offers a more hectic exchange rate and serious potential. The support level around $ 24 has proven to be stable on several occasions even on worse days - from a different point of view, the stock is a rare good buy here. The pessimism caused by the report will soon pass. One after another, positive news and new business collaborations arrive. I expect a serious rise, I have already bought it. Target price is the current maximum, later the moon. Finally, we must not forget that we are dealing with one of the cornerstones of digitalisation. Good luck to everyone. (:
PLong
by UnknownUnicorn6107104
1
PLTR: Giving us a Technical Analysis class!Hello traders and investors! Let’s talk about PTR today! We have multiple technical points to discuss here. First, in the 1h chart we have a classic Inverted Head and Shoulders chart pattern, which is usually a reversal sign. The Pivot Point is at $ 30.18. Now, it is doing a pullback to the 21 ema, and we’ll see how it’ll behave from now on. What’s more, we had another classic chart pattern called Island Reversal , which is usually a strong sign, as long as it is not frustrated. Now, let’s see the daily chart: In the daily chart we have a classic candlestick pattern called Morning Star, which is interesting. Every Morning Star is at the same time an Island Reversal pattern in smaller time frames. The volume increased a lot in the past few days, but the problem is that right now the stock just found a resistance at the 21 ema, which can make things difficult for PLTR. In fact, in the daily chart, it barely hit the 21 ema and now it is doing this Dark Cloud Cover candlestick pattern. Let’s proceed carefully on PLTR, as we have bullish and bearish patterns, the question is, which side do you think will prevail? The bulls or the bears? Remember to follow me to keep in touch with my daily analyses on stocks and indices. And if this idea helped you, please, support it ! Thank you very much!
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by Nathan_The_Finance_Hydra
10