$PLTR Big News with BMW! ($75 PT End of Year)We just got news that BMW will be working with $PLTR
This contract is big in the sense that 60% of the contracts $PLTR has are with the government.
They also have done this with no commercial sales team or advertising. $PLTR has room to grow into the commercial section as data is just simply apart of our future. They have alot of room to grow outside government contracts and this could be the catalyst to do so.
THE CHART
-$21.50 currently the support within the wedge we are in. (green trend lines )
-Short interest has fallen substantially in the last 180 days from 10 percent to 4. That means people betting against PLTR are backing off. This is good for a stock coiled up as it is.
-I think this news with good earnings could see buyers coming back to $PLTR as alot of traders were shaken out due to the massive shorts during the WSB debacle
I agree with alot of analyst that data mining is apart of our future. Everything we do practically is data at this point. I am looking forward to more commercial contracts from $PLTR . This deal is impressive seeing as $PLTR has no ads or commercial sales team. So All this is a recipe for some substantial growth.
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Pltrstock
What we can expect from PLTR?Hello Guys, I would like to introduce to you my idea about the future of PLTR . I am a holder of 1000 shares from 24.01$ 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 on historic supportHello traders. Let's get right into it: PLTR has tested the $23-$25 support range multiple times the past few months (about 12) . That level was tested 6 times the past 10 days or so. So far it has been holding like a champ. For that reason I think this is a relatively safe place to start a trade because if that level holds we will most likely see some upside sometime soon (perhaps modestly at first due to fear in the market). If we break below that level we can potentially revisit lower lows.The next support is around the $20-$21 range. Below that there is some support on the $16-$17 range.
I believe this is an optimal entry because you can exit the trade with minimal harm if the price breaks and closes below the support. Additionally, there is bullish hidden divergence between RSI and price and MACD is in oversold territory. Finally, volume is decreasing considerably (though still above average), which means sellers are getting exhausted. If you want to be more conservative you can wait for a MACD crossover and move above the 0 level to place a trade. If you are a long term investor I think this is a good buy opportunity. That support zone is solid like a rock. Let's hope it keeps holding.
Safe trades and good luck!
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
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 to the moon !!!I have high hopes for PLTR it seems to have formed a pennant on the 4 hour timeframe and looks about ready to breakout. It is also respecting the support line that has been tested 4 times. Let's see what happens over the next day or two.
I'm already in multiple PLTR calls with April exp dates but am looking to size up should it break out of this formation with volume.
I'm not an expert and any critiques or advice is welcome :)
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.
PLTR reversal to upside on huge volume & morning star pattern PLTR on 4 HR: showing signs of reversal to upside
RECENT NEWS
Cathie Wood's Ark Invest ETFs acquired over 6.8 million shares of PLTR last week.
TECHNICAL OBSERVATIONS
PLTR was trading in an upward channel but broke below the channel early last week (2/16).
Toward end of the week, PLTR recently bounced with huge volume with more institution buying.
NYSE:PLTR On the daily chart, the morning star candlestick pattern was created on Friday (2/19) which indicates a bullish reversal to upside.
SUPPORT & RESISTANCE
Resistance: $31.30 | $36.60 | $38.20 | $40
Support: $24.80 | $23.35
PLTR load up... to the moon!PLTR after amazing an ER run up, stock price took a hard hit today as it dropped nearly 13%. PLTR earnings and beat analyst upgrades with a 41% growth in revenue from 2019 and is expecting to report a 30% yoy increase in revenue growth for 2021. Great add to your long term as they continue to spread their data analytic software to not only commercial customers but the government as well. Also founder of ARK Investment,Cathie Wood, has added this to her portfolio. From a TA standpoint, I can see more room for this to come down looking for a bounce near 24 to my wave c target to complete our abc correction before we start to form a 1-2 EW set up for a confirmed reversal. Now, if we gap up and we don't come down to get our dip entry, I wouldn't enter any short term swing and wait for a safe entry which would be a break and hold above 31. Good point here to go long with shares!
Key Levels:
Support: $25.30, $22.36
Resistance: $29.11, $30.92, $33.34, $37, $42.04, $45.19
Ways to Play This:
1. Buy Shares and HOLD!
2. LEAPS (year out option contracts, couple strikes OTM will suffice)
3. Swing minimum 3 week out exp. Option contracts
Option Ideas:
30C 3/5 2.30
30C 3/19 3.15
30C 1/21/2022 9.95
40C 1/21/2022 7.70
50C 1/21/2022 6.08
*Keep in mind these are contracts that catch my attention due to their liquidity (high vol and high OI) you can always go ITM or closer strike prices but my style is to go OTM unless ITM is cheap