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P2LT34 trade ideas

PLTR: Shorts got absolutely obliterated It's been an unbelievable ride. Since beginning investing in Palantir back in 2020 I would have never imagined getting to this price point so soon, partly because theres no justification for it. However, I also didn't expect the AI sentiment would have gotten so strong so quickly. We can thank NASDAQ:NVDA for that I suspect. Based on Fibonacci extensions from Wave 1, we have gone far beyond typical extensions. The very last extension available on the tool is the 476% extension. In terms of price this means a target of $80-85. I don't know if we'll reach it, or if it will even be the top of Wave 3 I do know that this is still JUST Wave 3 of the 12345 impulse wave. Needless to say, we're just getting started. Wave 4 of an impulse move is typically the opposite of wave 2. In this case wave 2 was long and complex. Wave 4 should at least be less complex, and more uniform in its corrective move. Invest for the future!
NASDAQ:PLTRLong
by HassiOnTheMoon
1
PLTR Ascending Momentum: Dec. 6, 2024PLTR is trending higher, respecting an ascending channel. With recent bullish momentum and clear structural levels, this stock presents excellent opportunities for traders looking for scalping setups or longer swing trades. Here’s the detailed breakdown and playbook for today's session. Market Structure Overview: * Trend: PLTR is maintaining an uptrend, trading within a well-defined ascending channel. * Current Price Action: Consolidating near $72, with potential to test resistance or retest key supports. Key Levels to Watch: * Resistance: * $72.98: Immediate resistance from the upper channel line. * $77.79: Key upside target if bullish momentum accelerates. * Support: * $67.30: Strong horizontal support and mid-channel level. * $59.96: Major support near the channel base and a strong demand zone. Liquidity Zones & Order Blocks: * Liquidity Zones: * Price may seek liquidity below $67.30 if the support is tested. * Order Blocks: * Bullish OB: $67.30-$70 zone, aligning with previous breakout support. * Bearish OB: Near $73-$75, potential supply zone from prior rejections. MACD & Volume Analysis: * MACD: Momentum remains bullish, but the histogram is flattening, indicating slowing momentum. Watch for a bearish cross for signs of a pullback. * Volume: Recent bullish candles show decent volume, supporting upward momentum. Declining volume in the consolidation phase suggests a potential breakout or breakdown is imminent. Scalping Strategy: * Entry: * Look for quick scalps at $70-$71 if the price retests support and holds. * Short scalps near $73 if price shows rejection. * Exit: * For longs, target $72-$73. * For shorts, target $70-$69. * Stop-Loss: * Longs: Below $69.50. * Shorts: Above $73.50. Swing Trading Strategy: * Bullish Play: * Enter near $67-$68 support zone with bullish confirmation. Target $73, then $77 for swing plays. * Bearish Play: * If price fails to break above $73 convincingly, short with a target of $67-$68. * Stop-Loss: * For longs, set below $67. * For shorts, above $74. Game Plan for PLTR Trading: 1. Pre-Market Prep: * Mark $73 as resistance and $67 as key support. * Watch for macro news or sector-related updates that could influence PLTR. 2. Market Open Strategy: * Wait for 15 minutes to gauge initial direction. * Look for scalping opportunities at key levels. 3. Intraday Execution: * Use the ascending channel as a guide for entries and exits. * Avoid chasing the price near resistance without confirmation. 4. End of Day: * Close intraday positions and assess swing trades for holding overnight. Likely Direction: * Bullish Scenario: A breakout above $73 could push PLTR toward $77 or higher. * Bearish Scenario: Failure to sustain $70-$71 may lead to a pullback to $67 or even $60. Disclaimer:
This analysis is for educational purposes only and is not financial advice. Always perform your own research and trade responsibly.
NASDAQ:PLTR
by BullBearInsights
PLTR: Decoding the Next Move! Scalping & Swing Trade Plan Dec. 5Technical Analysis & Price Action * Trend Overview: PLTR has shown volatility with a sharp drop from $72.20 and a quick recovery to the $70 zone, currently consolidating around $69.69. This indicates indecision with potential for a breakout or further correction. * Support Levels: * $67.28: Immediate support from previous consolidation. * $65.65: Strong support aligning with a prior liquidity zone. * $64.24: Critical support, marking a potential bearish breakdown. * Resistance Levels: * $71.31: Immediate resistance; a break above here could target $72.20 and beyond. * $72.20: Key resistance; breaking this level on volume could lead to a bullish rally toward $74. Liquidity Zones & Order Blocks * Liquidity Zone: $67–$68, where significant volume accumulation occurred during recovery. * Order Block: $69.50–$70.50; a breakout from this range could determine the next directional move. Scalping Playbook 1. Bullish Setup: * Entry: Above $71.31 with volume confirmation. * Target: $72.20 (partial) and $74. * Stop Loss: Below $70. 2. Bearish Setup: * Entry: Below $67.28 with a break on heavy volume. * Target: $65.65 (partial) and $64.24. * Stop Loss: Above $68. Swing Trade Strategy 1. Bullish Swing: * Entry: If PLTR closes above $72.20 with strong volume. * Target: $74 (short-term) and $76 (medium-term). * Stop Loss: $70. 2. Bearish Swing: * Entry: A break below $65.65 with volume. * Target: $64 and possibly $62. * Stop Loss: $67. Thoughts & Projections * PLTR’s current price action shows potential for a breakout above $71.31 if the bulls maintain momentum. However, failure to hold $67.28 could lead to a bearish reversal. * The MACD on lower timeframes is curling slightly bearish, indicating caution. Monitor volume closely for confirmation of either direction. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and manage risks responsibly.
NASDAQ:PLTR
by BullBearInsights
PLTR Hits Fresh Highs: Momentum Play or Pullback Ahead? Dec. 4, PLTR has shown impressive strength today, breaking through key resistance levels with high volume. Here’s a trading plan to capitalize on its momentum or prepare for potential pullbacks. 1️⃣ Price Action & Chart Analysis * Trend Overview: PLTR is in a strong uptrend, pushing above $71.50, a key resistance level. * Key Levels: * Resistance: $71.54 (current high), $73.00 (next target). * Support: $69.50 (recent breakout zone), $67.86 (previous support). PLTR is trading at an elevated level, so managing risk is crucial for new positions. 2️⃣ Liquidity Zones & Order Blocks * Liquidity Zone: Watch for activity around $70.50–$71.50, where consolidation may occur before another move higher. * Order Block: Significant demand zone identified near $67.50–$68.50 from recent accumulation. 3️⃣ Scalping Strategy For quick intraday opportunities: * Entry (Breakout): Buy above $71.60 if volume supports the move. Target $72.50–$73.00 for a quick scalp. * Stop-Loss: Below $71 to minimize downside risk. * Rejection Play: If $71.50 holds as resistance, consider a short trade targeting $70. 4️⃣ Swing Trade Strategy For longer-term positions: * Entry Option 1: Buy on a confirmed breakout above $71.50. * Entry Option 2: Wait for a pullback to $69–$70 for a better risk-reward setup. * Targets: * Initial Target: $73.50 * Extended Target: $75.00 * Stop-Loss: Below $67.50 for a conservative approach. 5️⃣ Momentum & Indicators * MACD: Positive momentum confirms bullish sentiment with no signs of reversal yet. * Volume: Increasing volume supports the breakout, signaling strong interest from bulls. Game Plan for Tomorrow * Scenario 1: If PLTR sustains above $71.50, expect a continuation toward $73 or higher. * Scenario 2: Failure to hold $71.50 could lead to consolidation or a pullback to $70. Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research and due diligence before making any trades.
NASDAQ:PLTR
by BullBearInsights
12/3/24 - $pltr - the "are you retarded" test.i'm short again. and opened it in size. let's see if it works out... again. got lucky last time. but this time, it seems more obvious. "we work with the government" pop.. lol "we integrate with AWS" mid day pop.. lol get your baby oil out. vigilante time. V PS - trading view removed my other posts b/c they were under the NYSE listing so you can find them there. of course the stonk got a pump on that too. anyway. may the biggest balls win again.
NASDAQ:PLTRShort
by VROCKSTAR
6
PLTR Analysis: Scalping and Swing Trade Playbook for Dec. 3PLTR is trading in a range, presenting opportunities for both scalping and swing trading. This analysis outlines actionable strategies, key support/resistance levels, and projected price movements for traders looking to capitalize on PLTR’s next move. Technical Analysis and Price Action 1. Trend Overview:
PLTR has been consolidating near its highs after a strong run-up. The MACD shows neutral momentum, and the price is approaching key trendline support, indicating potential breakout or breakdown scenarios. 2. Key Support & Resistance Zones: * Support Levels: * Primary: $65.28 (trendline support). * Secondary: $64.24 (strong horizontal support zone). * Resistance Levels: * Immediate: $67.88 (recent high and breakout level). * Strong Resistance: $69.00 (psychological level and long-term target). 3. Liquidity Zones and Order Blocks: * Buyer activity is strong at $65.28, suggesting a demand zone. * Sellers are concentrated near $67.88, creating a critical supply zone. Game Plan and Playbook Scalping Strategy * Entry: Long above $67.88 with confirmation of volume and strength. * Target 1: $68.50. * Target 2: $69.00. * Stop Loss: $67.30 (below breakout level). * Alternative Play: Short at $67.88 if rejection occurs, targeting $65.28. Swing Trading Strategy * Bullish Setup: * Entry: Bounce from $65.28 with bullish candlestick patterns. * Target 1: $68.50. * Target 2: $70.00 (if breakout sustains). * Stop Loss: $63.50 (below trendline). * Bearish Setup: * Entry: Breakdown below $64.24 with strong bearish volume. * Target 1: $62.50. * Target 2: $60.00 (major support zone). * Stop Loss: $65.00. Projection: Where PLTR Could Head Next PLTR is at a pivotal point. If it breaks above $67.88, it may continue to test $69.00 or higher. A failure to hold above this level could lead to a retest of $65.28 or lower. Watch for volume spikes to confirm the next directional move. Key Indicators to Watch * MACD: Neutral, awaiting a crossover for directional clarity. * RSI: Currently balanced, leaving room for upward or downward movement. * Volume: Essential for validating breakout or breakdown. My Thoughts and Suggestions PLTR’s current price action suggests a breakout or breakdown is imminent. Scalpers should focus on high-probability trades near the support and resistance zones, while swing traders should wait for clear confirmation before entering trades. Patience and discipline are key to navigating this consolidation phase. Conclusion Palantir is primed for a potential move as it consolidates near its highs. By adhering to a structured plan and focusing on key levels, traders can maximize their risk-reward ratios. Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and trade responsibly.
NASDAQ:PLTR
by BullBearInsights
A compelling long position opportunity in PLTR next weekRecent Performance: Palantir Technologies (PLTR) has demonstrated impressive market activity, boasting a remarkable 52% stock increase since early August, with the current price sitting at $67.18. The stock is holding strong support around the $65 level while challenging resistance near $68, indicating positive momentum that has caught the eye of both long-term investors and short-term traders. - Key Insights: Investor optimism is fueled by recent analyst upgrades and price target increases, with $75 being the new target from Wedbush. The strong foothold in the AI sector and defense industry, coupled with anticipation of the NASDAQ listing, positions PLTR favorably for further gains. The stock's ability to maintain key support levels enhances bullish sentiment. - Expert Analysis: Market sentiment towards PLTR is overwhelmingly positive, bolstered by CEO Alex Karp's bold growth projections and a 30% year-over- year revenue increase. Experts agree that the company's inclusion in the S&P 500 amplifies its credibility and attractiveness to institutional investors, with many eyeing a possible climb toward $70 in the near term. - Price Targets: Next week targets based on thorough analysis suggest T1 at $70 and T2 at $73. For stop levels, S1 should be set at $65.50 and S2 at $64. This positioning reflects a balanced approach to managing risk while taking advantage of the stock's upward momentum. - News Impact: Significant events, including Palantir's recent S&P 500 inclusion and robust revenue growth, have solidified its market position and validated its business model. These developments are crucial in shaping the current bullish outlook on PLTR, underscoring its appeal as a strong investment choice in the tech sector.
NASDAQ:PLTRLong
by CrowdWisdomTrading
PLTR – Consolidation Break Imminent? Dec. 2PLTR is consolidating within a tightening range, showing signs of a potential breakout. This trading plan provides insights into price action, key levels, and trading setups for both scalping and swing trading opportunities. Market Structure & Price Action: * Recent Trend: PLTR has been trading sideways, forming a tightening wedge pattern between $64 and $68. The price is testing upper resistance at $67.50, signaling potential breakout energy. * Liquidity Zones: * Buyers have defended the $64 zone consistently, forming a strong demand area. * Sellers are active near $67.50–$68, creating a supply zone that caps further upside. Key Levels: 1. Resistance Zones: * $67.50–$68: Immediate resistance zone where selling pressure increases. * $70: Psychological level and key breakout target. 2. Support Zones: * $66: Short-term support within the wedge. * $64: Strong demand zone and wedge bottom. Indicators: * MACD (1-hour): The MACD is bullish, with a crossover indicating upward momentum, but histogram growth is flattening, signaling a possible pause or pullback. * Volume: Relatively low volume suggests consolidation; a breakout will require higher volume for confirmation. Trade Ideas: 1. Scalping Setup: * Entry (Long): Above $67.50 with confirmation (strong bullish candles or increased volume). * Target: $68.50–$69. * Stop-Loss: Below $66.80. * Short Setup: If price rejects $67.50, short below $66 targeting $64, with a stop above $67. 2. Swing Trading Setup: * Bullish Case: * Entry: On a breakout above $68. * Target 1: $70. * Target 2: $72–$73. * Stop-Loss: Below $67. * Bearish Case: * Entry: Short below $64. * Target 1: $62. * Target 2: $60. * Stop-Loss: Above $65. Game Plan for the Week: 1. Watch for a breakout above $67.50 or a breakdown below $64, as these levels are critical for the next directional move. 2. Use lower timeframes (5-min, 15-min) to refine scalping entries based on breakout confirmation or rejection. 3. Stay patient during consolidation and wait for a decisive move with strong volume. Thoughts & Outlook: Palantir's tightening range indicates that a breakout is imminent. A move above $68 could trigger bullish momentum, while a break below $64 may lead to a deeper pullback. Traders should stay vigilant and wait for volume confirmation before taking positions. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and trade responsibly. Trading involves significant risk.
NASDAQ:PLTR
by BullBearInsights
PLTR: Testing Key Resistance Levels Ahead of Early Market CloseTrading Plan and Technical Analysis for PLTR Market Reminder:
📢 The U.S. stock market will close early tomorrow, Friday, November 29, 2024, at 1:00 PM EST. Plan your trades accordingly. Price Action Overview:
PLTR is trading near $66.20, with price action following an ascending trendline. It is currently testing a critical resistance level near $67.50. The MACD histogram is neutral but hints at a potential bullish crossover, while volume remains moderate. Liquidity Zones and Order Blocks: * Liquidity Zone (Support): $63.50-$64.00 - Buyers stepped in strongly here during prior pullbacks. * Liquidity Zone (Resistance): $67.50-$68.00 - Key sellers' area that aligns with recent price rejection. Key Support and Resistance Levels: * Support Levels: * $65.50 - Minor support, where intraday buyers could step in. * $64.00 - Major support aligning with the ascending trendline. * Resistance Levels: * $67.50 - Immediate resistance; watch for price behavior here. * $68.50 - Breakout target if bullish momentum sustains. Scalping Gameplan: * Bullish Setup: * Entry: Long above $67.50, targeting $68.50 and $69.00. * Stop-loss: Below $66.50. * Confirmation: Look for volume spikes and MACD crossover on the 5-minute timeframe. * Bearish Setup: * Entry: Short below $65.50, targeting $64.00 and $63.50. * Stop-loss: Above $66.50. * Confirmation: Watch for a rejection at $67.50 followed by a breakdown. Swing Trading Playbook: * Bullish Case: * Entry: Sustained breakout above $67.50, targeting $69.00. * Stop-loss: Below $66.00. * Indicators: RSI trending above 60 with MACD supporting bullish momentum. * Bearish Case: * Entry: Rejection at $67.50 and breakdown below $65.50, targeting $63.50. * Stop-loss: Above $66.50. Thoughts and Suggestions:
PLTR is at a pivotal level, with its next move likely defining the short-term trend. Bulls need a breakout above $67.50 to sustain momentum, while bears are eyeing a breakdown below $65.50 to confirm a reversal. Given the early market close, scalpers should aim for quick profits, and swing traders should plan for reduced liquidity tomorrow. Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions.
NASDAQ:PLTR
by BullBearInsights
PLTR: Setting Up for the Next Big Move – Key Levels to WatchPLTR) is trading within an ascending channel, showing promising upward momentum in recent sessions. The stock has been building higher highs and higher lows, a strong indication of a bullish structure. Let’s break it down: Key Levels to Watch: * Support Zones: * Immediate support at $63.91, marked by recent consolidation. * Major support at $58.85, aligning with previous demand zones. * Resistance Levels: * First resistance at $67.88, the upper range of the current channel. * Key resistance at $69.00, which may act as a breakout point for further highs. Order Block & Liquidity Zones: * A notable bullish order block is sitting near the $63.91 zone, indicating significant institutional buying interest. * Liquidity appears to be building above $67.88, suggesting a potential liquidity grab and breakout. Price Action Insights: * PLTR has been trading within a well-defined ascending channel, supported by increased volume on green candles, signaling strong buyer interest. * The MACD shows a bullish crossover, adding further conviction to the upward trend. Game Plan for Traders Scalping Opportunities: * Entry: Consider entering near $66.00, targeting a quick move to $67.88. * Stop Loss: Place a tight stop loss below $65.00 to limit downside risk. * Exit: Take profit near $67.88, aligning with the immediate resistance level. Swing Trade Setup: * Entry: A solid breakout above $67.88 with volume confirmation could be a strong swing trade setup. * Stop Loss: Place a stop loss below $63.91 to account for volatility. * Target: Aim for $72.00, the potential next resistance if the breakout sustains. Trader Sentiment * Retail traders appear optimistic about PLTR due to its bullish price action and consistent higher lows. * Institutional activity is evident in the order block near $63.91, showing significant accumulation at lower levels. Market Direction Prediction PLTR is likely to continue its upward trend if it breaks above $67.88 with conviction. However, traders should watch for false breakouts and ensure volume confirmation. Risks include broader market volatility or unexpected news impacting the tech sector. Thoughts & Suggestions PLTR is shaping up for a potential breakout, but patience is key. Stick to the game plan and avoid chasing the price. Keep an eye on volume spikes and the $67.88 resistance level for the next move. Disclaimer This analysis is for informational purposes only and not financial advice. Always do your own research and consult with a professional before trading.
NASDAQ:PLTR
by BullBearInsights
PLTR NEOWAVE ANALYSISExperimental analysis with the intention to follow back later on as I am still learning Looks like a clear flat pattern due to the very stretched out B wave, which also ended around the 1.38 extension of wave A retracement. This tells me one thing: the B wave was indeed strong. Normally, in such scenarios, there is a very small chance that wave C retraces wave A with such force. This pattern will most likely be the first leg of a very complex correction. Although rest assured that the overall trend for PLTR is up, I do not know to what extent. But after this wave C completion, we will be headed down for quite some time.
NASDAQ:PLTR
by thekidtrader11