Palantir - Weekly - UpdatePalantir - Weekly - Update
These are my keylevels for Palantir on Weekly time frame.
PLTR trade ideas
PALANTIR May fractal points to $24.50 before years end.Palantir (PLTR) a week ago above the top (Lower Highs trend-line) of its medium-term Descending Triangle pattern, and has been basically consolidating this whole week but notably on a series of (minor) red candles. This is similar to what turned out to be a Bull Flag pattern of May 10 - 15.
Surprisingly, the stock had also broken above the Lower Highs trend-line of its Descending Triangle at the time, and with the support of the 1D MA50 (blue trend-line), it registered a remarkable (almost) +180% rally on the August 01 Top. Although in order to attract a rally of equal proportions, a strong fundamental catalyst would be needed, we can deem the 1.5 Fibonacci extension, a feasible technical target by the end of December, as it can even be within the borders of a Channel Up.
As a result, as long as the 1D MA50 is supporting, we have a medium-term target at $24.50 on PLTR.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
PLTR: Buy ideaBuy idea on PLTR as you see on the chart because we have the breakout of the vwap indicator and also the breakout of the resistance line.Thanks!
PLTR: Sell ideaSell idea on PLTR as you see on the chart because we have the breakout with force the vwap and the breakout of the support line by a big red candle follow by a large red volume.Thanks!
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: Buy ideaBuy idea on PLTR as you see on the chart because we have the breakout of the resistance line by a big green candle with a large green volume.Thanks!
PLTR- looking bullishNote the fractals here. There have been 2 bullish ones back to back. There doesn't appear to be anything inflicting this move as of yet. The push could very well go beyond THE GREEN arrow, but at a minimum to the 161. There is a cycle ending Aug 9th and this should trigger upside action.
Note: My charts tend to be busy, but that is due to the techniques used. I have removed many of the most important here, showing fractals, hoping that may allow some people to feel comfortable with the reasoning. Also note this is a scaled chart at 3 days, so do not expect to see a lot of movement in fast order. Will take 3 days to see candles on this chart
Palantir Technologies (NYSE: PLTR) A View On The StockPalantir Technologies (PLTR) on Thursday reported third-quarter earnings and revenue that topped Wall Street targets as commercial market growth came in above expectations. PLTR stock surged as guidance met views amid buzz over artificial intelligence.
Released before the market open, Palantir earnings for the quarter ending Sept. 30 were 7 cents on an adjusted basis, vs. 1 cent a year earlier. Revenue rose 17% to $558 million.
For the current quarter ending in December, Palantir forecast revenue of $601 million at the mid-point of guidance vs. estimates of $600 million.
Price Momentum
PLTR is trading near the top of its 52-week range and above its 200-day simple moving average. Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
Palantir | Long | Saruman wants it backThis is a follow up of my previous Palantir analysis. (See related ideas). Read it if you want to know where i placed my buy orders.
The original swing created a range in which price kept moving around (mostly above the 50%) - which indicates to me in general upwards strength.
With the range high taken out, price constantly moved between the upper resistance level and the 50% before breaking down.
As the range low was now taken out i see a retest of the 50% and or even break above it.
A small obstacle to overcome is the lower resistance level - which i think will hold price for a short period of time down. A very conservative target to close the position atleast parts of the position would be the lower resistance level
Additional:
The orange markins are engulfs of range high or support / resistance levels
Good luck
Disclaimer:
- 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 BullishMarket structure with Head and shoulders pattern is in an uptrend.
On the fundamental side, PLTR's recent upward trend in earnings estimate revisions can surely be regarded a bullish.
Weekend special - Will 2023 be a better year?As everyone is enjoying the weekend, I want to give you guys on here a special treat!
We cover Palantir for over a year now, and the stock has been trading downwards ever since. Because of the whole bear market last year, which hit technology stocks especially hard, bullish signals couldn’t be observed in this stock.
However, since the new year Palantir could steadily build up momentum and managed to gain almost +23% since the significant low @5.92$. We estimate that the whole bearish count has finally come to an end, and it is very likely that 2023 is going to be a lot better for Palantir than 2022!
From a technical perspective we can clearly say, that Palantir finished three bearish waves, which are marked in orange (iv), red 4 and in purple (4). The last wave down formed a very common chart structure, which is known as the “ending diagonal”. In such chart structures, a wave 3 is mostly very short and wave 1 seems to be very big in comparison to the other waves. The price action in Palantir really depends on how the Nasdaq will perform in the following weeks, currently the whole market seems to recover, and we are confident that Palantir will profit from this.
Investors who are interested in this company and who don’t already hold stocks can use this opportunity to accumulate in our marked zone. (9.63$ - 5.13$)
We currently cover a microcount which can be seen below, as many investors who are familiar with Elliot waves know – micro counting is very speculative. We are going to monitor Palantir very closely in the next weeks and if investors on here are interested in this company we could post updates about it more frequently.
In our microcount we are currently in wave (v) in green. The wave (v) should push the price into the orange Fibonacci zone ranging from $7.24-$7.70, overshooting is possible. After this the price should go into a small wave 2 correction, we will calculate a new buy zone for wave 2.
Please note that we are already invested in Palantir with 2 positions, which we announced last year. If Palantir manages to establish a minor bullish wave 1 – wave 2 we will decide to acquire another position…
Long #1 (Announced 21.03.2022)
AVERAGE EXECUTION PRICE: 12.53$
STOP-LOSS: NONE
LONGTERM TARGET: +80$
Long #2 (Announced 09.05.2022)
AVERAGE EXECUTION PRICE: 7.59$
STOP-LOSS: NONE
LONGTERM TARGET: +80$
PLTR BULLSPLTR TO $19
stock is gaining more momentum and found support @ $17.60
If it remains above that support level it will continue past $18.00 to tap $19.
H&S ? High Right Shoulder? Gap fill at 10.29? I still believe that gap at 10.29 will get filled. Entertainment purposes only. We can dream :)
$PLTR - Might retest the shoulder lineNYSE:PLTR It might retest the shoulder line.
Here are the support areas for a bounce:
$16.90
$16
$15 (POC)
Deja Vue - Palantir: Major move ahead !Watchout for the Oct. 20th Option Chain ! 20 seem to be reasonable as initial target.
$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.
Palantir Has PausedPalantir Technologies more than doubled between early May and late July. Now, after a period of consolidation, trend followers may return to the software company.
The first pattern on today’s chart is the rectangle between roughly $13.68 and $16. PLTR chopped in this range for almost eight weeks, but closed above it on Friday. That could make some traders think the shares are ready to start moving again.
Second, prices recently tested and held the rising 100-day simple moving average. Is the longer-term trend pointing higher?
Third, the August and September lows corresponded with a 50 percent retracement of the rally between May and late July. That could suggest more upside remains in the move.
MACD has also started rising, which may suggest that the shorter-term momentum is getting bullish.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
PLTR very short term bearish?hey guys how are you?
its seems to me that PLTR trading in a rising wedge on the 15 minutes interval I guess if its will break down we will go to about 15.2 / 15 anyway the SL is tight I think we should wait to see what will happen?
please let me know what you think.
NYSE:PLTR
Update: Are we still in H 'n S ?Was this a setup for a bear trap? Although I believe there is a slight AI bubble. Is that bubble done, ready to pop? Is this a coordinated effort to keep the investment money flowing to further AI for our own inevitable demise?
or...
At least until our puppet masters can blame AI for our own intentional destruction. Think of an old episode of 'Black Mirror' or 'Terminator 3.' Ah heck! Lump "War Games," "Robocop" and "I-Robot" in there too! You can just sense it, if you don't? You haven't read "Revelations."
Movie magic!
9:7
"And the shapes of the locusts were like unto horses prepared unto battle; and on their heads were as it were crowns like gold, and their faces were as the faces of men."
9:8
"And they had hair as the hair of women, and their teeth were as the teeth of lions."
9:9
"And they had breastplates, as it were breastplates of iron; and the sound of their wings was as the sound of chariots of many horses running to battle."
9:10
"And they had tails like unto scorpions, and there were stings in their tails: and their power was to hurt men five months."
PLTR (or rather our gov) uses AI in WAR in Ukraine with drones.
I know this could be an Apache helicopter as well.
How 'bout a future war machine that is a combination of both drone and helicopter> sorta like that which has already been marketed for years for beautiful panorama views?
Sleep peacefully at night knowing we're in good hands :/\
