Big tech GEM Palantir not bad entryPalantir is a really big tech GEM, after massive bearish rally we can wait slowly resurrection now, despite negative background some investors I see start bullish movement of PLTR.
First target 13.5$, continue some coŕrection around 12-11-10$
PLTR
PLTR/USD Daily TA Cautiously BullishPLTR/USD Daily cautiously bullish. *It's become rather apparent that even after an 85% drop from its ATH, investors still aren't done selling . Taking a closer look at their financials and it's clear that they are a tech growth company that intends to be here for a while but face the reality that they may be operating in a high interest rate environment for a year or more. Financials summary: negative income since going public due to arguably egregious spending on Selling/General/Admin Expenses (that exceed Gross Profit which is $1.20b); Shareholder Equity is at $3.32b as of Q1 2022 and they have maintained minimal debt since IPO; lastly, they started producing Free Cash Flow last year in their fourth year being publicly traded and continued to do so in Q1 2022. So even though they have a healthy balance sheet and are generating positive cash flow, growth companies are often faded in favor of value companies in rising/higher interest rate environments, which helps to explain a lot of the negative sentiment.* Recommended ratio: 65% PLTR, 35% cash. Price is currently retesting $8.52 minor resistance after bouncing from the lower trendline of the descending channel from November 2020. Volume remains moderate (low) and fairly balanced between buyers and sellers as of late but is currently favoring buyers for two consecutive sessions. Parabolic SAR flips bearish at $7.13, this margin is neutral at the moment. RSI is currently trending up at 42.48 but is still technically testing the uptrend line from 01/27/22 as resistance at ~40; if it can continue surging, the next resistance is at 46.81. Stochastic crossed over bullish in today's session and is currently trending up slightly at 93 as it tests 89.92 resistance; the next resistance is max top. MACD remains bullish and is currently trending up at -0.90 as it quickly approaches -0.81 resistance. ADX is currently trending down slightly at 39 as Price is attempting to establish a short term bottom, this is mildly bullish. If Price is able to break out above $8.52 minor resistance, the next likely target is a test of $10.44 minor resistance. However, if it gets rejected here then it will likely retest the lower trendline of the descending channel from November 2020 as support at ~$7.31 before potentially heading lower. Mental Stop Loss: (two consecutive closes below) $7.39.
PLTR - The case of Tiny Gold Nuggets
NYSE:PLTR
Did you see that May 12-May 13th price action?
Did you catch the bottom?
News:
I'm sure Russia or the war and the need for intelligence had nothing to do with the most recent bullish price action. As a matter of fact, PLTR failed earnings again!
Charts:
EMA ( Exponential Moving Average ): Well, like most stock, the EMAs are inverted. But, the most recent price action popped above the 200 EMA.
TTM Squeeze: Hmm... Was May 12trh the bottom we've been looking for? TTM is squeezing upwards.
Fib Levels: The price is right between 1 and .786. This is not an entry indicator for a swing trader but for longterm trader it's enough for a discount purchase. It's best to mostly wait for the cross and hold above .618 fib.
Candle Stick: Piercing or bullish engulfing pattern.The opposite pattern of three black crows is three white soldiers, which indicates a reversal of a downtrend. hmm... I don't like the use of black/white. haha
RSI: Went as low as 15.98 and currently at 31. Hmmm, this is looks like a great opportunity.
Pattern: We didn't get the double bottom pattern we initial wanted but this rising wedge is very tempting.
History: See related ideas below.
PLTR/USD Daily TA Neutral BearishPLTR/USD Daily neutral with a bearish bias. Recommended ratio: 45% PLTR, 55% cash. Price established a new ATL at $6.48 and is technically still testing the lower trendline of the descending channel from November 2020 ($7.88) as support. Volume remains high and favored buyers in today's session, ending a five day streak of seller dominance. Parabolic SAR flips bullish at $8.84, this is mildly bullish. RSI remains oversold and is currently trending up at 28.60 (after bouncing from 22.30) as it approaches a test of 33.59 resistance. Stochastic crossed over bullish in today's session (after bouncing from max bottom) and is currently trending up at 10; the next resistance is at 33.59. MACD remains bearish after breaking down below -0.81 support and is currently trending down at -1.34 as it approaches the ATL at -1.85. ADX is trending up at 37.50 as Price continues to fall, this is bearish. If Price is able to defend the lower trendline of the descending channel from November 2020 at $7.88 as support, the next likely target is a test of $8.52 minor resistance. However, if Price continues to fall here, then the next psychological support level is at $5. Mental Stop Loss: (two consecutive closes above) $7.88.
Market Punishing Palantir Palantir $PLTR earnings came in significantly below expectations, missing by >44.5% while revenue was slightly above projection, beating estimates by nearly $3 mil (+0.66%).
The market immediately reacted with PLTR losing > -27%.
Risk-off environment. Unprofitable, risk-on tech-oriented speculative equities are being punished in a tightening fiscal environment.
Current trend, down 84% from ATH in Jan 2021. Next fib below current price & ATH is 0.118, giving a PT of $2.87 at next earnings.
Palantir ( PLTR 1D) - Bearish short term scenario Hi Fellows,
This is my Idea of BEARish scenario for Palantir.
From the view of TA its almost clear. But we have to wait for Earnings report to be release this tuesday 9/11/21.
BTW: Im big Bull on Palantir for long term but want buy with best entry price ;)
On the chart you can see strange overlaping what I think could be abc corrective wave and one more impulsive wave down (made of 5 subwaves) will come.
First subwave of that impulsive wave is probably there.
I will make and post also a chart of possible BULLish scenario. ;)
Trade safe and enoy the ride.
PLTR looks primed for higher pricesNYSE:PLTR
the price of PLTR has been declining for quite sometime now. trading at a significant discount.
if you liked this stock at 25 then you will love it under 11
we have a type two return (double bottom) on the daily timeframe while showing strong hidden bullish divergence.
trading in a deep value you area here i could see reversal coming soon.
price targets for his asset are 14.90, 17, and eventually 21
let me know what you guys think in the comments!
happy trading
mindset matters
PLTR- BREAKOUT OR GOOD BUY OPPORTUNITYPalantir Technologies is scheduled to announce Q1 earnings results on Monday, May 9th, before the market open.
The consensus EPS is $0.04 and the Revenue Estimate is $443.51M.
On the chart, we see a breakout of the support level, but the earnings report will give us a confirmation of whether the breakout is real or fake.
Worse than expected results will push PLTR to dive even deeper into the red zone and new lows below $9 will be displayed on the chart.
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More pain to follow in PLTRDespite a big bull on PLTR long term, charts are showing a breakdown to revisit ATL on PLTR.
Disclaimer: Educational idea on technical trading. I have long positions in PLTR. Will open a short term swing trade for short if price visits supply zone of 12$
target for next 3 years this is reasonable targets for PLTR
yes its X4 and X10
but it reasonable for this company.
i will not be surprised if reached the target in less then 3 years
PLTR/USD Daily TA Neutral BearishPLTR/USD Daily neutral with a bearish bias. Recommended ratio: 45% PLTR, 55% cash. Price is currently at $10.74 and still technically testing the uptrend line from 02/24/22 ($11.71); the largest value zone in its short history (company listed on NYSE 09/30/20) is between $10.84-$13.15. Volume remains relatively moderate and fairly balanced between buyers and sellers, indicating Price is in a period of consolidation. Parabolic SAR flips bullish at $11.78, this is mildly bullish in the short term. RSI is currently trending up at 38.25 after bouncing off of the uptrend line from 01/27/22; the next resistance is at 46.81. Stochastic remains bullish and is currently trending up at 19.84 after bouncing from 8 support, the next resistance is at 30.65; this is bullish. MACD remains bearish and is currently trending down at -0.56 with premature signs of forming a trough; the next support is at -0.81. ADX is currently trending up at 24 as Price is trending down after a rejection at the 50 MA (which happens to coincide with the Point of Control of the VP at $11.84). If Price is able to recapture the uptrend line from 02/24/22 at $11.71 and flip $12.25 minor resistance to support, then it will likely retest $14.59 minor resistance before retesting the upper trendline of the channel from January 2021 at $17-$18. However, if Price breaks down below the descending trendline from 01/24/22 at $10.10, then it will likely test the ATL at $8.97 and potentially lower to retest the descending trendline from November 2020 at $8. Mental Stop Loss: (two consecutive closes above) $11.84.
We haven't found the gold in PLTR!
NYSE:PLTR
Waiting, waiting, waiting...
News:
Nothing new, just waiting for earnings; not that it matters; it has failed all previous earnings.
Charts:
EMA ( Exponential Moving Average ): Well, like every other stock, the price is hanging out below the 20/50/100/200 EMA and are all pointing downwards! And yes, Nov. 19th death cross is still in action.
TTM Squeeze: Hmm... have we found the bottom? A double bottom will be nice at this point but tomorrow's interest rate hike will decide.
Fib Levels: The price is bouncing off of the 1 fib and holding a major support.
Candle Stick: Piercing or bullish engulfing pattern. Fingers crossed, we might just be at the end of this downtrend.
RSI: Didn't touch 30 but bouncing off of 32/34 range is not a bad idea. especially if TTM squeeze is stabilizing and candles are looking positive.
Pattern: Bullish rectangle and crossing fingers for a double pattern.
History: See related idea before.
Palantir: Potential inverse Head and Shoulders forming?Palantir Technology - Short Term - We look to Buy at 12.46 (stop at 11.59)
A bullish reverse Head and Shoulders is forming. A break of 14.87 is needed to confirm follow through bullish momentum. The medium term bias remains bullish. Preferred trade is to buy on dips. News events could adversley affect the short term technical picture. Expect trading to remain mixed and volatile.
Our profit targets will be 19.99 and 23.15
Resistance: 14.86 / 17.46 / 19.99
Support: 12.42 / 10.27 / 9.74
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Palantir - Will PLTR finally push up 25%We have been waiting on PLTR to break the downward trend. Is it time now? If so, will it push up 25% back into the long term EMAs?
Palantir Next MovePLTR with a huge bullish falling wedge. Trading to upper range then will take most profit.
$PLTR STILL IN A FALLING WEDGE !NYSE:PLTR
Sad to announce that we have not hit gold. Prior prediction/analysis were "on point"
Chart - Daily
EMA ( Exponential Moving Average): 20 EMA failed to cross the 50 EMA ... This is baaaad. Hoping this trend doesn't lead to a "Double Top" as it will spell BAD NEWS in the near term.
TTM Squeeze: Squeezed! But momentum dropped at the 1.618 fib . Definitely accomplished the journey to fill the gap down from Feb. 16th.
Fib Levels: Smooth sailing from 0 fib to 1 fib ($10.27 to $13.02). Having trouble holding above the 1 fib and eventually went for the 1.618 (a major resistance) As previously predicted, it got a butt whooping around ($14.85) and got sent trending downwards.
Candle Stick: Summary of last 5 candles equate to a bearish movement.
Pattern: The double bottom bullish pattern is over and I'm afraid that we are back to our falling wedge pattern.
News: Sigh, nothing has changed; no matter the news, good or bad, this stock just seems to want to trend down.
History: The last 2 earnings have resulted in a downward trend even with great numbers.
For a company worth Trillions, the "gold" (prize) still seems to be far fetched. Just gotta keep on digging and investing in the dip.
Palantir pullbackPalantir NYSE:PLTR has performed a pullback from the recent rally. This came to my attention from a spike alert and it is happening at a 50% Retracement. This is a followup to my initial entry on March 15, 2022 when no one was talking about Palantir stock anymore (see below). This time in addition to the options position is purchased shares to hold for the long run.
BUY THESE THREE AREAS. BIGGEST 5-10 YEAR INVESTMENT TRADEPLTR is a long term no-brainer. Data, Data, Data. LFG.
Accumulate in the three areas, and manage trades accordingly.
50% pos % size exit at upper box.
Palantir $PLTR Sub $10 Before Earnings?PLTR missed forecast by nearly 45%, the CEO (Karp) has been critical of short-term event horizons.
Couple the previous miss with:
- Economic: Macro headwinds due to sharply rising prices w/ rampant inflation that's looking to be persistent
- Technical: Support on the 20/50 EMA will be tested again seemingly, bigger focus is being rejected without gaining momentum to test the 100 EMA is a surprise
Next few days' price action will be interesting.
Palantir Changing the Trend? Palantir Technology
Short Term - We look to Buy at 14.24 (stop at 13.28)
Previous resistance, now becomes support at 14.00. Short term oscillators are moving higher. Price action has broken from the previous formation. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 17.80 and 19.50
Resistance: 18.00 / 20.00 / 27.00
Support: 14.00 / 10.00 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
