PLTR headed for a run within next 4 weeks.....PLTR is headed for a run within the next 4 weeks.... with very little history and data the chart looks to have all its important support lines up high closer to is current pricing. After riding the top side of the BolBand's it has snapped down and up and appears to be coiling. the BB's are closing in for a pinch before years end.
Looking for PLTR to run to 34 by Jan 22nd 2021.
the move here is to buy shares and sell calls against those shares for premium bi weekly. keeping well safe of the growth line.
PLTR
PLTR , PT 41Another stock that is stuck in a symmetric wedge or if I say pennant pattern also. For long play, once it breaks above the wedge, it can move to ~ 41. To protect losses for long play, the red solid line should be treated as a stop loss.
Also, it's holding 20MA (green line) which is giving it a bullish sentiment.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
$PLTR - Demo date & Symmetrical Triangle - Bullish-7'th Jan is the first Demo date for one of the Palantir Products.
-11'th of Jan is the end of the symmetrical triangle we're trading in.
Symmetrical triangles are typically bullish.
Play #1: If Palantir is as strong as we think it is, there could be bullish hype buildup before the demo. Buy before the hype buildup and sell before or during Demo day to lock in easy profits. This way you avoid risk if the demo is not well received.
Play #2: Buy before demo day and hold through Demo day. If the demo is well received, you should receive extra profits by selling after the demo is complete during the same day or up to 1-2 days after the demo.
Based on past experience with bullish wedges, the bullish symmetrical triangle should indicate a breakout between the 5'th - 11'th. It's best to be in PLTR before that at a nice low average of 27-28. Anything more and you're looking at a short-mid term hold before you break-even.
Palantir: Too many eyes on the name. May need a shakeout firstTwo problems I'm seeing with this stock.
1) A lot of people are asking about it. Too many . This is understandable after a huge run.
2) Every trader sees the same wedge building (and they are not wrong, but traders are usually wrong on how a market resolves patterns).
It's rare for markets to appease one sided speculators. I think a shakeout to the high 22s - low 24s is more likely before breaking out to the 30s, if it does (I think it does).
#PLTR: analysis and ideaPalantir Technologies is a public American software company that specializes in big data analytics. Yesterday's growth was due to the receipt of a new contract. Each new contract will add to Revenue, and the quotes of growth companies are primarily focused not on Net Profit, but on dynamic Revenue growth. With good revenue, you can always optimize costs, and profit will immediately appear.
12/22 WATCHLIST + MARKET OUTLOOK** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS
With the stimulus bill all but passed, and fairly positive sentiment around existing vaccines being effective against the new coronavirus strain, I remain bullish and continue to believe we will see a blow-off top in equities in the short term. This morning during pre-market, we're seeing SPY back above the major support line (red) that has been support since the coronavirus low. Let's see whether we can break the major resistance line (green) today. If so, a good trade would be to wait for a retest of this line, and enter long on the bounce confirmation.
Yesterday's watchlist went absolutely bonkers. I post watchlists daily - be sure to follow me so you get the notification!
WATCHLIST 12/22
Recall that my trading style is short scalps and intraday trading. These are not swing levels.
LONG LIST TODAY! Highly suggest you pick a few of your favorite setups out of these and just focus on them
BA calls over 221.2, puts under 215.6
PLTR calls over 29.75
MSFT calls over 224
CHWY calls over 109.1
GRWG calls over 41.2
JMIA calls over 43, second entry 44.5
NFLX calls over 531.9
NVDA calls over 534.9
BABA puts under 257.8
DIS puts under 170
PYPL calls over 240.45
SOLO calls/equity over 7.65
TWLO calls over 370.5
HD calls over 272
Stocks To Watch This WeekThe Bull Market is strong, but many stocks are extended and sentiment seems to be bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 15 total stocks on this list. I also included 3 stocks with potential short squeeze opportunities. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!