Pltrlong
PLTR long trade ideaPLTR is coming back down to the bottom of the recent trading range. $23 is a solid support and it is objective to go long here with stop should be placed below the trading range according to your upside target. On hourly chart, bullish falling wedge and oversold on RSI. Just swinging back to the top of the range is well into double digit potential gain. As we all know, trading range do not last forever, eventually it is going to move one way or the other. My strategy is to take a partial position here and if it breaks up, I will add onto my position. Another way I can see myself adding is when it slightly undercut the bottom of the range to shake off weak handed longs and shorts pile in and if it reverses, then it will be a bear trap. That can be the catalyst for next leg up.
Have a good trade everyone,
T.
Areas of Supports and Resistance for $PLTRI am Bullish long term for this company.
Big data management is the future for almost every Company if you can manage data for other companies it is a win-win for both parties. unlike selling the software as a service to a normal joe they are selling it to big companies which tends to have strict contracts and high per-customer spending. As the CEO said stay here for a long run or find other option. let's stay here.
The company is spending aggressively on the software which will give good returns in a few years.
Follow for more technical analysis.
PLTRPLTR brakes trendline resistance. Also CCI comes out to oversold area and Stochastic cross too.
News of today about PLTR: the company has entered into a six-year strategic partnership with French automotive supplier Faurecia to help the latter accelerate its digital transformation and move toward carbon neutrality.
The French company will use Palantir's Foundry software to obtain better insights on data from manufacturing to purchasing, and from engineering to finances.
Palantir's on the BUY list of ARK's ETF too.
1st target price 30
2nd target 40
Save and Invest
LazyBull
DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
$PLTR Expecting one more leg down.$PLTR had a flash crash to $20.18 and recovered back to $23 which also is Fib 0.618 retracement level. 23$ is a possible support zone to hold if you want to take an early trade with a tight stop aiming to take profit at $35. Since we can clearly confirm that the strong up trend is currently broken and momentum still declines, I am on the bearish side. $16-$17 range looks better for a new entry targeting approx $50 in the mid term.
C'mon guys, it's not even oversold yet (:
PLTR Continuing to add to this Long position Going through some major consolidation.
I believe a breakout is very close.
Should retest the $30 then 40+ area
PLTR: Ending diagonal?Don't follow this one much, but I've heard some good things about the company. I'll have to look into them more. The chart looks good. We have a pretty ugly ending diag. If examined closely it fits the internal wave structure of the aforementioned pattern. We also have some pretty good looking divergence on the 1hr. Some good looking humps ;)
What do you all think of PLTR?
I've been trying to keep these updated as much as I can while balancing family and work. I hope we all come out on top next week. I've been bleeding out long enough :) lol
Linked another potential diag in EVGN. This one is a larger degree and it's a motive diag, not a corrective one.
Thanks for checking it out!
What we can expect from PLTR?Hello Guys, I would like to introduce to you my idea about the future of PLTR . I am a holder of 1000 shares from 24.01$ 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: Buy/Call I base my ideas on the chart technical analysis. Although I did realize this is a "meme stock," the 4 hour, hourly, and 30 minute are divergent and the trend line has been broken. Entry occurred days ago, so nice time to buy at least until the indicated price based on the Fibonacci.
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*
PLTR LongSo much confluence on this setup, with a good market sentiment and momentum i think it will have a huge run in no time. Very high watch for me, currently loading in the entry zone for starter position, will have a full position on the break of the wedge with volume. Happy trading :)
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!
PLTR On Strong SupportPLTR is holding its strong support. If buy here first target 30ish and second is 33ish.
is $PLTR set for a new wave up ? PLTR has had a huge growth and is now facing major pullback, the price seems to be reacting to the previous support and looking for a bounce up.
Going long here seems to be a rational choice, but keep an eye on the $20-$22 range, because if the price goes below we may witness a huge sell-off.
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. (:
PLTR BULLISH MOVEPLTR althought it was pretty red day i see inverted head and shoulders and im hoping it will bounce from here as it respect support area nicely aswell. still holding $
BEST DIP IF YOU WANNA BUY...
PLTR BULLISH INCOMING $PLTR. Great earnings ; 25 support great, suggest buying soon #pltr #arkinvestments
