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Pltrstock

PLTR Bearish Idea (Short term) 120121One year support level at 20.24 has been breached. Zooming into to 1M reveals three consecutive high RSI to low RSI moves. Each move lower resulted in sideways price action with a small move higher then subsequent lower move. The first drop resulted in a -18.63% decline, the 2nd -13.77%, and the 3rd a -8.88% drop, each decline approx 5% less then the last. Extrapolating this I would estimate the next drop to be approx -3.8% resulting in a $18.68 price, possibly a next support level? Moving averages: 200 moving day average has been above the 50 since November 10 with the price action currently below both lines. RSI: Oversold at 21.08, we could see a slight move higher soon before the next drop. DMI: Red (bearish) trend line looks like it's gaining strength from an upward looking trend strength indicator (yellow line) Current analysis: Short term bearish, however it's looking like it's poised for a breakout due to being so oversold, watching the $18.68 level. The bearish trend on the DMI looks like there could be more downward price action for the near term. This idea is for informational/entertainment purposes, this is not investment advice. Please use caution and do your own research before trading.
NYSE:PLTRShort
by QuestITM
PLTR Q3 POST EARNINGS (SWING TRADE) NYSE:PLTR Hello everyone! So I recently got the time to learn more about PLTR stock and I am quite bullish on this stock. Despite the fantastic Q3 earnings result, this stock has got beaten down >10% and ARK has loaded up more shares with this dip. In this post, I will be going through my technical analysis on PLTR and why I think a bounce will be due soon. (Disclaimer: I have a long position in this stock) 1) Price is touching the long-term uptrend line drawn since IPO. It has bounced off nicely once previously on 12th May 2021(Marked red circle) 2) Price is touching the lower Bollinger band and too stretched out with the recent sharp dip 3) Price is hovering around the Fibonacci Retracement level of 0.618 which also happens to be near the uptrend line and lower Bollinger band, giving a cross-confirmation 4) Regular Bullish Divergence can also be spotted on both Daily and 4H timeframe, signaling that a bullish move may be due soon PLTR is a great stock and if the price does continue to fall, I would expect it to find support at around the $20.5 area as drawn (Marked purple rectangle) which a rough downside of -10.1% as compared to a potential upside of 18.4%, hitting the area of resistance where I would expect the price to be met with selling demand (Marked purple rectangle). Cheers, just my two cents!
NYSE:PLTRLong
by TraitsOfTrades
READY TO POP? | Palantir could breakout from hereNews has been relatively good for Palantir and could lead to a run. Regardless, we are approaching a pretty strong channel resistance which if not broken could lead to a sell off to $18. Bullish: We are looking for a small wick out above this channel then a pullback to find support for a week or two, after we will see a strong push up and through that channel bringing us toward $28.20 by the end of October. Overall it's very likely we see Palantir back above $30 by the end of this year. Bearish: If we respect this channel resistance firmly, we could potentially see a pullback to $18-$20 toward the end of the year (for the last time). If this happens, I will just buy more :) DCJ | $PLTR
NYSE:PLTRLong
by DotcomJack
$PLTR - Weekly Swing Trade OpportunityWith PLTR gaining momentum over the past month, it seems primed to make a breakout over the dreaded 27.50 level. If we manage to get above it, we likely run to 30 due to there being little overhead resistance, and tons of buying pressure. A break above 30 leads us into uncharted territory. This is a relatively simple trade. Above 27.50 leads us up to 30, giving us roughly 10% profits at the end of the day. I'd keep a stop loss set at the 27.50 level after entering a position as we may trade sideways or fall out of the channel if we break trend. Good luck everyone!
NYSE:PLTRLong
by FluxTrades
PLTR BUY/LONG NOW READY! 16.00 to Potentially 81.50!TICKER CODE: PLTR Company Name: Palantir Technologies Inc. Industry: Technology | Software - Infrastructure | USA Position Proposed: BUY Technical Analysis 1. Large Falling Wedge Pattern Forming 2. Fibonacci Retracement at 0.786 (Silver Zone) 3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole 4. RSI was at OVERSOLD level The market will more likely than not pullback to 16.00 - 17.00 before another rise up to reach 60.00 and possibly 80.00 Entry: NOW READY (16-20) 1st Partial Take Profit: 59.00 (August - End 2021) 2nd Partial Take Profit: 81.50 (Mid-End 2022)
NYSE:PLTRLong
by traderprosignals
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