$PLTR might go up to $57 after Q3 FY24 Earnings report?
NYSE:PLTR Palantir soared over 14.2% after Q3 FY24 earnings report:
• Net dollar retention 118% (+11pp Y/Y).
• Customers +39% Y/Y to 629.
• Revenue +30% Y/Y to 726M (22M beat).
• Non-GAAP EPS $0.10 ($0.01 beat)
. FY24 guidance:
• Revenue +26% Y/Y to 2.807B (+61M).
• Adjusted margin 38% (+3pp).
It will probably break above the resistance of previous high today.
But where will the price rise to?
To answer this question, we make comparisons with previous gap up candles which has broken above an important resistance level.
In Feb 05, it soared over 30% after Q3 FY23 earnings reports, and after that, it went up for another 25%.
In Sep 09, NYSE:PLTR soars over 14% toward record highs as the stock is set to be added to the S&P 500. And after that, it has risen for another 30%.
Therefore, it might go up to 57 if it break above the resistance of previous high today, according to similar historical price actions.
what's your opinion?
Pltrlong
I CALLED THE $PLTR TOP! Down 8% since. Here's where we are goingNYSE:PLTR
CALLED THE NYSE:PLTR TOP AS WELL! Down -8% since. Here's where we are going
The thesis explained below:
1.) Williams R% had a down slop if you drew a line from the 01JUL2024 top to the most recent 21OCT2024 top. It hit this top 4 times since the first one and everyone was lower indicating resistance and lower tops.
2.) You have a Multi-year CUP on the weekly without a handle formed. We need to form that handle before we go higher that coupled with valuation and the stock price getting ahead of the company's numbers is another reason that plays into this.
3.) The handle would be a perfect little handle with a Volume profile gap fill down to the next volume shelf at $36.50-$37.50.
4.) RSI was in overbought area and finding multiple tops with resistance. Also, it was hitting and rejecting off the same top as previous ATH's back in Jan2021.
5.) Double top on the stochastic and red through yellow downward.
6.) Just shows the date I called it out which was Sunday. Also, time stamped on my repost here. 😁
Thanks for reading! I hope you enjoyed my reanalysis of a thus far predicted pullback. It may not hit my target but that's not the point. The point is being able to realize when something is lining up to turn against you or turn with you to the upside. Also, to realize the fakeouts in the market like what I believe the pullback is on the NASDAQ:QQQ which I made an in depth video going into depth about just like this one. It's pinned on my profile if you haven't seen it yet.
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NFA
Palantir ($PLTR) IT MIGHT FINALLY BE TIME FOR A PULLBACK! 5 RY:NYSE:PLTR IT MIGHT FINALLY BE TIME FOR A PULLBACK!
Retail investors don't hate me for this. I'm a shareholder, too! DIP BUY INBOUND?!
5 REASONS WHY:
1⃣ We have DIVERGENCE on the Weekly Chart
2⃣ We have Volume Profile Gap Down
3⃣ It's a TRIM according to my Valuation Metric Tool (0/6 score)
4⃣ Top 5 gainer in AMEX:SPY
5⃣ Have a SIP and find out by watching. 👇
Stay tuned for more!🔔
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Will Palantir finally have a pullback? What price would you like to load up on more shares?
Not financial advice.
Palantir: Time to Exit?Upon closer reevaluation of Palantir, we continue to believe that we have not yet completed Wave (2) and that the price should not continue to rise. Our initial hypothesis was invalidated; we first expected to see Wave 5 at $19. Now, we assume Wave 5, or rather Wave (1), at $21.85, having developed Waves A and B, with Wave B at $25.69. This should also form our top and serve as an Expanded Flat, which we set from Wave A downwards. This closely aligns with the 61.8% level, which is highly probable for a Wave (2). Our target range is between $12 and $9.36. We should not fall below this; otherwise, we would consider closing the position down to $7.19, although we deem this unlikely. We believe the price will move within this range. We will place a limit buy order only after observing a significant weakness in Palantir.
QS Accumulation completeI have been accumulating QS for a while now and I will admit that I have had to average down a few times. The chart has been hard to read and has been manipulated many times to throw people like me off their scent. But I believe this stock is being accumulated just like PLTR was. Both stocks chart also show a lot of similarities and I have added PLTR fractal. I correctly predicted the bottom of PLTR and it has done well ever since.
Please boost this idea and following for more contents
Note: This is not an investment advice, please do your DD
The Bullish Case for Palantir Technologies ($PLTR)NYSE:PLTR is in a strong bullish momentum and breaking resistance levels. This is the year it will test and breaks its previous all time highs.
Strong Revenue Growth: Palantir Technologies has shown impressive revenue growth in recent years. In 2023, the company's revenue increased by 17% year-over-year to $558 million in Q3. This growth can be attributed to the company's expanding customer base, which now includes major clients like the National Health Service in England.
AI Integration: Palantir has been integrating artificial intelligence (AI) into its analytics platform, which has been a game-changer for the company. This has allowed Palantir to offer more value to its clients and has contributed to its revenue growth.
Government Contracts: Palantir has a long history of securing lucrative government contracts, and this trend is expected to continue. In 2023, the company was awarded a $414 million data-communication platform contract with England's National Health Service. This demonstrates the company's ability to secure large deals and maintain strong relationships with government clients.
PALANTIR BREAKOUTExpecting to rally upto 30-36$ per share, since this stocks being accumulated by the Department of Defense in US.
FOr my own view, were on a SOS zone. literally sign of another rally to come in the next few days.
This is not a financial advice.
Follow for more.
Stocks to buy not to trade with.
Palantir (NYSE:PLTR) Gradually Makes Way to Two-year HighPalantir (PLTR) stock rose above $20.24 – the high from August 1 – on Friday as the artificial intelligence (AI) company attempts to finish off its third straight week of gains. This is the highest level that PLTR stock has traded at since November 2021. PLTR stock progressively rose throughout the session to more than 3%, reaching an intraday high of $20.45.
Palantir stock news
Much of the news surrounding Palantir at the moment stems from hedge funds and family offices filing their 13Fs for the third quarter with the Securities & Exchange Commission (SEC) this week. PLTR stock is a common holding of many of them.
Most notably, Palantir co-founder Peter Thiel’s Mithril venture capital fund sold $48 million worth of Palantir stock in the third quarter, which ended in September. The shares were acquired about a decade ago.
Coatue Management, run by Philippe Laffont, purchased a new position in Palantir. The hedge fund bought just under 894,000 shares of the AI platform company.
Palantir Technical Analysist
Palantir has just barely marked a new two-year high on Friday. The stock has risen as high as $20.34 at the time of writing, 10 cents above the August 1 high of $20.24 and its highest value in two years.
There is no telling how far Palantir stock could rise in the present rally. The 161.8% Fibonacci Extension (not pictured) provides a reading of $22.18 though. The 9-day Simple Moving Average (SMA) is strongly leading its 21-day SMA counterpart, as would be expected in a rally of this type.
Support rests nearby at $18, a level that has been used as both resistance and support since the summer.
PLTR | Palantir Technologies | 2 Towers and more | BuyThis is a follow up of Palantir after my last PLTR trade was closed some weeks ago.
The former ideas lead to 5 positions which resulted in (+94.21%, +90.81%, +63.10%, +41.22% and +28.84%).
If you want to check them out here are the links:
( +90.81%)
(4 postions | +28.84%, +41,22%, +63.10%, +94.21%)
As the next report for earnings and revenue is tomorrow i expect some volatility kicking in. If take a look at past days they always caused some volatility. It is to note however that the kind of reports (positive or negative earnings) never gave a hint in which direction it would go only that some volatility was coming in.
Next thing to mention is the weakness of price, as it failed moving to the 50% of the Fib. See the red circle. A big sell- out followed that weakness.
There are currently 2 scenarios which i´m looking for.
Scenario 1 (Orange arrow)
Requirements: Price falling below S/R Level 2 and S/R Level 4 but retaking them after.
Target: Slightly below the 50% Fib, thats also the area where the last big sell-out started and caused the recent uptrend to stop. (+40.32%)
Entry: Retake and a daily close above
Stop- Loss: None (Long- term hold)
Invalidation : Price cant retake the mentioned levels or price never falls below it
Scenario 2 (Blue arrow)
Requirements: Price falls into buy zone 1
Target: Slightly below the 50% Fib, thats also the area where the last big sell-out started and caused the recent uptrend to stop. (+40.32%)
Entry: See Requirements
Stop- Loss: None (Long- term hold)
Invalidation : None (Long- term hold)
Good luck
Disclaimer:
- My posts are mostly for my own journaling
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
$PLTR Rapidly Approaching TP1NYSE:PLTR has been extremely bullish since Sept. 25 and has been in a strong uptrend after breaching the orange resistance level. The next key price target, the light blue resistance line, is rapidly approaching. PLTR is a war stock that is benefitting from the new Israel Palestine conflict. Other key events this week are September PPI inflation data and Fed meeting minutes on Wednesday October 11. I think the markets are likely to have some sideways price action on Tuesday in anticipation of the new inflation and fed data.
$PLTR Quarter 3 (Q3) AnalysisPLTR has been extremely bullish, and just received a $250 million contract from the US Army this week. I think PLTR has been a very bullish stock in 2023, and I believe PLTR will have a monster Q4 performance. My key price targets are $28.33 and $37. There is short-term resistance at $19.11, but I believe PLTR will break above $19 in Q4.
PLTR - Buy orders - Saruman aint having it 3 Buy orders
General
Palantir is in a downtrend and generated a lower swing compared to the recent swing low. However we are close to the start of all time low. Also in my opinion its due for some uptrend.
3 buy orders placed. First will be executed now.
Target
Next resistance level (level 1).
Confluence with the recent swing low.
Requirements
- None, just hitting the orders
Invalidation / SL
- None
Stop- Loss
- None
Time duration
Days, weeks, months, years... ;)
Good luck
Palantir and Arkk Comparison 57% ProfitPalantir SPLTR & SARKK Comparison
These charts are so similar. Arkk looks like it is about to repeat Palantir's 57% move
- RSI positive divergence
- Head and Shoulder reversal bottom
- Price above 200 day MA & the POC
AMEX:ARKK appears ready to break away from the H & S.
Your stop should be placed just under the H & S baseline.
Are you in?
AI Possible Buy Between 30 and 40I would like to see PLTR take a break and consolidate sideways for a bit, a healthy pullback below 40 would be a great opportunity to purchase on the dip. I marked the next area I'm accumulating in the meantime I'll continue to watch price and volume action. I'm concerned with the April 4th large distribution day, keeping an eye on it.
$PLTR cup formation formingI've been buying in the buy zone and watching the cup pattern develop. Everything continued to hold as the bottom developed, volume looks good, and both continue to do so as the right side of the cup pattern comes into play. Watching how the $14.86 range plays out, I'm looking for a base to form while sideways movements.
$PLTR looks good for more upside $12-19 targetsIt looks like a bottom has formed in PLTR and price could start moving upwards.
You can see that price has been consolidating in a downtrend channel, but we recently broke above resistance ($7.97) and have now confirmed it as support. The next challenge for price is to break above the channel and continue upwards.
The targets to the upside are on the chart, let's see how it plays out over the coming months.
PLTR | A LONG Opportunity Near $6.4PLTR | A LONG Opportunity Near $6.4
Palantir is showing the a beautiful bullish harmonic
pattern that can be completed very soon.
We just have to be patient with this trade.
on the other hand PLTR is a volatile stock and it tends
to rise very quickly.
During the previous weeks PLTR proved that near $6 price zone
the buyers are well positioned.
SO we can see the price to rise further from that zone.
Thank you and Good Luck!
PLTR:Very close to trend line!Palantir Technology
Short Term - We look to Buy at 9.19 (stop at 7.55)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Trend line support is located at 9.00. Support could prove difficult to breakdown. Dip buying offers good risk/reward. Further upside is expected.
Our profit targets will be 12.96 and 14.00
Resistance: 13.00 / 16.00 / 24.00
Support: 9.00 / 6.60 / 4.00
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