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PLTR trade ideas

Wen Crash? Whales PukingThis whole move up has been an epic short squeeze. You have to respect the price action and uptrend, extremely powerful and many traders have been burnt, myself included. I still remain interested in a short so I am watching this on the 5-15 minute time frame. So where is all the buying pressure coming from? Definitely not from the insiders, whales have been puking this thing out for weeks now and this euphoric rally is reaching a climax. We do have a rising wedge and I would not be surprised to see a sharp fall, but wait for confirmation if you plan to go short. We need a change in market structure. Don’t fomo into a short position, respect the trend and inch into your short when it’s time. Not financial advice.
NYSE:PLTRShort
by NoFOMO_
20
Ove $45, We Going Long to $70NYSE:PLTR Palantir has proven they are the clear leader in enterprise AI. This company has a massive runway. 30% year-over-year growth, 38% margin, Rule of 40 score of 68. Think $NASDAQ:NVDA. Our entries are stacked down at $7-$10. However, there is a bullish trade here above $45 to trade to our next long-term target of $70. To play it safe, we will be taking some profit mid-$60s while holding the majority of our position long-term. We expect this to be a $10 trillion dollar company.
NYSE:PLTRLong
by PennyBois
10
PLTR heads up at $54.50: Dual Golden fibs that could cause a DipPPLTR has been flying as we all know. Election boost ran to a major landmark. Dual Golden fibs should be very strong. It is PROBABLE that we "orbit" them a few times. It is POSSIBLE that we have "topped" for a while. It is PLAUSIBLE to "overshoot" to next landmark. $ 54.49 - 54.60 is the resistance zone to watch. $ 50.21 - 50.38 is the first support zone below. $ 61.14 - 61.70 is the next resistance above. Drag DOWN on the PRICE scale to look above. ========================================
NYSE:PLTR
by EuroMotif
6
11/11/24 - $pltr - FAFO >$60- i'll probably get some hate for this one, also idc - largest short i've ever had in the book. $1mm. good luck to the longs. - price and momentum are in your favor. i'll give u that. - i'll call BS with a ton of skin in the game. - 40x sales? grows sales 20-25%? margins sub tier software? your gawd alex taking advantage of the meme and dropping 1/3 of his bags. - look there's a difference between a company and a stock. awesome company. but the valuation is 100% past the point of no return. - i'm wrong a lot. but this one looks like a nice setup to hedge my btc and nxt mega positions. :) V
NYSE:PLTRShort
by VROCKSTAR
3
PLTR pullback to $44MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price above channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM spiked positive Price at/near Fibonacci level In at $54 Target is $44 or channel top bottom Stop loss is $56
NYSE:PLTRShort
by chancethepug
4
PLTR - Short Rocket ShipsEarnings gap up and fanboys are cheering. But this looks like its got a good chance to be an Exhaustion gap. And now another smaller gap up and currently it sits just above the 1.786 overshoot ratio. And also above ATH resistance. There will be a lot of liquidity up here. It makes it ripe for a reversal. So i've entered a short position here. This is also in consideration that S&P has hit a critical long term fib (client only). Its obviously dangerous to short rocket ships but there is plenty technical to suggest a reversal is due and we have certainly reached "Euphoria." I laid out more technicals in the previous idea, so i've linked that below. Not advice
NYSE:PLTRShort
by dRends35
1
PALANTIR ON AN INCREDIBLE BULLRUN ! BUT... But be careful—this does not justify the price at all. Although Palantir has very solid numbers in its balance sheet, this does not justify a valuation at such an overvalued price could be very dangerous ! We must consider that markets in general are bullish, and the results of the latest report recently showed that it remains a very solid company in terms of sales. However, its earnings numbers are average—they meet analysts’ expectations, but by a very narrow margin. Historically, this has been the case in past reports as well. Now, let’s get back to the technical analysis of Palantir. After its report, it managed to break through that institutional zone that marked its peak 3 years ago (2021). After bouncing off the imbalance for a second time, Palantir showed a lot of strength and reached new highs. From here on, we just need to wait for a pullback soon to start analyzing a possible support level. Right now, Palantir is in no man’s land, which makes it a bit difficult to predict its next move. The only thing we can do here is to follow its movement candle by candle, staying alert to wicks and immediate zones where it might pull back. Thank you for supporting my analysis. TRADE SAFE!"
NYSE:PLTRLong
by RocketMike111
PALANTIR: Extremely overbought. High probability sell to $40.Palantir is vastly overbought on its 1D technical outlook (RSI = 79.771, MACD = 3.330, ADX = 33.075), even the 1W RSI is on extreme levels (80.789) and that alone would be a good enough reason to sell. The picture gets even clearer on the 1W timeframe where the price has almost reached the top of the 2 year Channel Up, having completed a +241.84% rise from the January 2nd 2024 bottom and almost +172.53% rise from the August 5th bottom. Those are the symmetrical rally levels from the December 27th 2022 and May 1st 2023 Lows respectively. The result on that HH rejection was a test of the 0.382 Fibonacci level. That is our target (TP = 40.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:PLTRShort
by InvestingScope
PLTR at a Crucial Zone: Will It Break Higher or Retrace?Price Trend & Momentum: PLTR has been in a strong uptrend, showing consistent higher highs and higher lows. The stock is now testing a resistance area around $56.52, which is acting as a key level for potential continuation or reversal. The price is currently trading above both the 9 EMA and 21 EMA on the 1-hour chart, indicating strong bullish momentum. However, the candles near the resistance zone suggest a potential slowdown or consolidation. Volume Analysis: Volume has been tapering off slightly during the recent upward move, which may indicate that buying pressure is weakening as it approaches the resistance level. Watch for a spike in volume to confirm a breakout or rejection. Moving Averages: The 9 EMA is providing immediate support, currently around $55.60. This level has been respected as dynamic support during the entire uptrend. The 21 EMA, around $55, serves as a secondary support level, where buyers may step in if the price pulls back. Support and Resistance Levels: Immediate Resistance: $56.52 (recent high and potential breakout level) Support Levels: First Support: $55.60 (aligned with the 9 EMA) Second Support: $55.00 (aligned with the 21 EMA) Key Support: $45.79 (major pivot level, previously a resistance that turned into support) Critical Support: $41.10 (previous low, significant area for bulls to defend) MACD Analysis: The MACD line is flattening near the signal line on the 1-hour chart, suggesting a potential loss of momentum. This could indicate a period of consolidation or a possible pullback, especially if the histogram starts printing red bars. Price Action Expectation: Bullish Scenario: If PLTR can hold above $55.60 and push through the $56.52 resistance with strong volume, we could see a continuation towards the $58-$60 range. Bearish Scenario: A break below $55.60 could lead to a retest of the $55 support level. If the price falls below $55, it may head towards the $45.79 area, where stronger buyers are likely to appear. Conclusion: PLTR remains in a bullish trend, but the stock is approaching a key resistance area. A breakout above $56.52 could lead to new highs, while a rejection may result in a pullback towards support levels. Monitor volume and price action closely for confirmation. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please perform your own research or consult with a financial advisor before making trading decisions.
NYSE:PLTR
by BullBear-Insights
3
PLTR's Breakout Rally: Scalping & Swing Setup for Nov. 11, 24Palantir (PLTR) has shown a powerful breakout rally, climbing steadily within an upward trend channel on the 1-hour chart. The price action remains bullish, supported by strong volume. However, the stock is nearing the upper boundary of the trend channel, suggesting a potential pause or pullback before continuation. Price Action Analysis: Trend Channel: PLTR is trending upward within a defined channel. The stock is currently approaching the upper trendline near the $59-$60 area, a potential resistance zone. Watch for a pullback to the mid-channel line around $57-$58, where the 21 EMA provides dynamic support. Support and Resistance Levels: Immediate Resistance: $58.88-$60 is the upper trendline resistance. A breakout above could lead to a rapid move toward the next psychological level of $62.50. Immediate Support: $57-$55 aligns with the mid-channel and EMA support, offering a good area for scalping bounce entries. Key Level Below: $53.52 is a strong support area to watch for potential dip-buying if the trend breaks down. Volume and MACD Analysis: Volume shows healthy buying interest, but keep an eye out for any volume decline on a move higher, which may indicate weakening momentum. The MACD histogram shows a slight bearish divergence, suggesting a possible consolidation or minor pullback before the next leg up. Scalping Opportunities: Long Scalp Entry: Consider entering long near $57 with a tight stop below $56, aiming for a quick push back to $59-$60 resistance. Short Scalp Entry: If it struggles at $59-$60, a short scalp targeting the $57 support level could offer a quick profit. Swing Trade Ideas: A strong breakout and close above $60 could signal a swing trade toward the $62.50 target. A breakdown below $55 could open the door for a swing trade to the downside, targeting the $53.52 support level. Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own due diligence before making trading decisions.
NYSE:PLTR
by BullBear-Insights
2
Palantir's Meteoric Rise: Ride the Wave or Wait for a Pullback? Overview: Palantir Technologies Inc. (NYSE: PLTR) Current Price: $55.53 (as of November 7, 2024) Sector/Industry: Technology / Software—Infrastructure Palantir has surged recently, hitting new highs. With the stock at peak levels, investors are asking: is now the time to buy, or should you wait for a pullback to improve the risk/reward setup? Key Levels and Price History 52-Week Range: $12.34 - $55.53 One-Month Range: $38.45 - $55.53 Support Level: $48.00 Resistance Level: $52.00 Upcoming Dates to Watch Next Earnings Date: February 12, 2025 Dividend: None (Palantir doesn’t currently pay dividends) Valuation and Metrics P/E Ratio: 258.69 (significantly higher than industry average) Free Cash Flow: Recent Quarter: $100 million TTM: $400 million Institutional Holdings: 55% Short Interest: 5% of float Recent Price Action & Technical Indicators Weekly Trend: +15% Monthly Trend: +25% RSI: 70 (indicating overbought conditions) Moving Averages: 50-Day: $42.50 200-Day: $30.20 MACD: Positive divergence, signaling upward momentum The RSI suggests caution at current levels, with an overbought signal indicating a potential pullback. Comparative Valuation P/E Ratio (PLTR): 258.69 vs. Industry Average: 35.00 P/B Ratio (PLTR): 30.00 vs. Industry Average: 10.00 EV/EBITDA (PLTR): 150.00 vs. Industry Average: 25.00 While Palantir’s premium valuation highlights its growth potential, it also suggests a higher risk if momentum fades or the market corrects. Growth & Financial Health Revenue Growth (3-Year CAGR): 30% Projected Revenue Growth (Next 2 Years): 25% annually Debt-to-Equity Ratio: 0.2 (low leverage) Cash Reserves: $2 billion Current Ratio: 3.5 Notable News & Social Sentiment News Highlight: November 6, 2024 – Palantir’s stock surged 23% after issuing optimistic revenue guidance. Social Buzz: Positive chatter on Twitter and Reddit, with bullish sentiment about future growth. Competitive Comparison Snowflake Inc. (SNOW): $180, P/E 150.00, Revenue Growth 40% Splunk Inc. (SPLK): $150, P/E 120.00, Revenue Growth 35% Investment Analysis: Should You Buy Now or Wait? 1. Entry at $55.53 (Current Price) Target Price (TP): $60.00 Potential Upside: $60.00 - $55.53 = $4.47 Percentage Gain: ~8.05% Stop Loss (SL): $45.00 Potential Downside: $55.53 - $45.00 = $10.53 Percentage Loss: ~18.96% Risk/Reward Ratio: 8.05% (reward) / 18.96% (risk) ≈ 0.42 Entering at $55.53 offers a lower risk/reward ratio, meaning each dollar of risk is offset by less potential reward. However, with recent momentum, this might appeal to those comfortable with higher risk for short-term gains. 2. Entry at $48.00 (Wait for Pullback) Target Price (TP): $60.00 Potential Upside: $12.00 Percentage Gain: ~25.0% Stop Loss (SL): $45.00 Potential Downside: $3.00 Percentage Loss: ~6.25% Risk/Reward Ratio: 25% (reward) / 6.25% (risk) = 4.0 Waiting for a pullback to $48.00 provides a much better risk/reward ratio of 4.0, allowing for more reward per dollar risked. With support at this level, it’s an ideal setup for more conservative, long-term positions. Price Forecast Scenarios Optimistic: $60.00 (continuing bullish trend) Neutral: $55.00 (aligned with analyst consensus) Pessimistic: $45.00 (support zone) Conclusion Palantir has captured the market’s attention with strong upward momentum and optimistic revenue outlook. Aggressive Entry (Today’s Price, $55.53): Potential for short-term gains but carries higher risk due to overbought conditions. Conservative Entry (Pullback to $48.00): Better risk/reward balance with support at $48.00, ideal for those looking to reduce downside exposure. Verdict: While both strategies have potential, a pullback to $48.00 offers a safer entry with a balanced risk/reward setup, letting you capitalize on Palantir’s growth with controlled risk. Disclaimer: This analysis is for informational purposes only and is not financial advice. Investing in stocks involves risk. Always conduct your own research and consult a financial advisor before making any investment decisions. Use this information at your own risk; I am not responsible for any outcomes that do not align with expectations.
NYSE:PLTRLong
by exlux
2
PLTR Eyeing Further Upside with CautionPalantir Technologies (PLTR) is consolidating after a strong uptrend within a rising channel on the hourly chart. Here's a detailed technical breakdown for scalpers and swing traders: Support Levels: Immediate support sits around $58.17. A break below could indicate a pullback to the next major support at $56.47. Stronger support lies at $53.54 – a level to watch for any deeper retracement. Resistance Levels: $62.08 is a key resistance level. A breakout above this zone with strong volume could propel PLTR higher, potentially testing $65 as the next target. Moving Averages: The stock is trading above both the 15 EMA and the 161 EMA, indicating a bullish momentum. If PLTR remains above these moving averages, it suggests sustained upward pressure. Volume Analysis: Volume is trending down slightly during this consolidation, which may indicate a potential pullback before a continuation. Watch for a volume spike to confirm any breakout or breakdown. Scalping Setup: For intraday trades, a break above $62 on high volume could offer a quick entry, targeting the upper channel line or the next resistance. If PLTR pulls back to $58 and bounces, it could provide another short-term entry for a ride back to resistance. Swing Setup: For swing traders, waiting for a break above $62 could set up a position targeting $65 and potentially beyond if momentum holds. Conversely, if PLTR breaks below $56, consider reducing exposure as it may signal a larger correction. Disclaimer: This analysis is for informational purposes only and not financial advice. Always conduct your own research before trading.
NYSE:PLTR
by BullBear-Insights
$PLTR Potential Movement (11/11/24)What a week for $PLTR! There’s a new heavyweight in the game, and they’re here to stay. With no clear resistance in sight, let’s turn our focus to the key support zones: We’ve got a higher high and break of structure at $58.28, the closest to the current price, followed by another at $56.24, and a higher low at $53.91. Keep these levels on your radar—any bounce here could fuel another strong run! As always, stay disciplined and lock in those profits! David Diz-Plin Trading
NYSE:PLTR
by DizPlin
1
Palantir to plunge 40% ??In seven days from now Palantir will publish their not so hot earnings report. How can I know this? The chart. On the above 6 day chart price action has rallied a massive 600% in 24 months. A number of reasons now exist to be short. They include: 1) Support and resistance. Both price action and RSI are at resistance. 2) Price action support has failed. See daily chart below. 3) The Bollinger Band (red arrows). Explosive moves in price action eventually reach exhaustion. This is first indicated by the Bollinger band as the mouth curls inwards. This is a strong indication of a trend reversal. 4) The 40% correction is derived from past resistance, which has never confirmed as support. It is also a significant Fibonacci level. Is it possible price action breaks resistance and continues to climb? Sure. Is it probable? No Ww Trend breakout on daily
NYSE:PLTRShort
by without_worries
20
PLTR: Taking a fresh look. More bullish than before!PLTR chart has been bullish for a while and the recent price action looks very much like a wave 3 of some degree. This made me rethink my previous count that I was tracking as an expanding ending diagonal for wave 5 of c of various degrees of wave 5s to complete intermediate wave 1. But that started to look a bit unrealistic. Wave 5 was getting bigger than the 2x extension of waves 1 and 2. Taking a second look to terminate intermediate wave 1 at the March high. This gives us a very short and shallow intermediate wave 2 correction ending in May. This makes the rest of the price action pretty bullish, even though the minute degree wave 2 of Minor degree wave 1 came in very deep. Let's ignore that situation, as it was very quick correction, and price has moved very quickly and very far without any major dips since. And if this bullish count is correct, then price should not come down to orange line $33.13 until minute degree waves 3, 4 and 5 are complete. Price should hit a few all-time highs to around $60 area before we see a sizable dip. However, that dip should not violate the red line at $20.65. If all goes well, the huge wave 3 of 3 will start that should take the price to the moon. This count is wrong if price goes below $33.13 before the 5-wave minute degree sequence is complete. I will go back to my previous, now somewhat awkward looking count to end intermediate 1 brace for a much bigger wave 2.
NYSE:PLTRLong
by mukit1
2
PLTR: A Dangerous Top Signal Appears!Key Observations: Daily Chart (Left) Inflection Point: The price has fallen back, approaching an inflection point around $40.36 after failing to sustain momentum above the recent high at $45.00. This area could act as a short-term support, and any further weakness below it could signal a potential shift towards bearish control. EMA Support: The daily chart shows the 21-day EMA as a potential dynamic support near the inflection point. There is still time for PLTRT to react, but for now, there is no bullish signal around. Weekly Chart (Right) Bearish Engulfing Pattern: A bearish engulfing candlestick pattern has formed near the all-time high around $45.00, signaling potential bearish reversal pressure at a major resistance level. This pattern often suggests that sellers have overwhelmed buyers, which could lead to further downside or at least a consolidation phase. According to Bulkowski's studies, a BE reverses the trend 79% of the time, so it is a quite powerful candlestick pattern, and we shouldn't ignore it (Encyclopedia of Candlestick Charts). Long-Term Uptrend: Despite this bearish signal, PLTR has been in a strong uptrend on the weekly chart, supported by the 21-week EMA, which is currently below the price. Any correction from here might still be viewed as a pullback within a broader uptrend unless key support levels break down. Conclusion: PLTR's chart shows short-term bearish signals, particularly with the bearish engulfing pattern near the all-time high. Watch for support around $40.36 and the 21-day EMA as critical levels for short-term sentiment. The long-term uptrend remains intact, but this could be a phase of correction or consolidation. In order to avoid a bearish scenario, PLTR needs to react, above the $40, and break the $45, maintaning the price above this level on the wekly chart. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NYSE:PLTR
by Nathan_The_Finance_Hydra
5
Palantir, expecting retracementPalantir uptrend move from June 2024 so far has been incredible. But I think enough is enough! Palantir broke out of its "cup and handle" pattern in mid June and already hit its target at about 50$ per share. The stock price is currently standing at 58$ per share, which is surpassing its cup and handle target and even 4.76 Fibbonaci extension level. I believe we will see a retracement to around 50$ per share soon. We also see that the when RSI indicator is at these elevated levels, there is usually a retracement or sideways price action.
NYSE:PLTR
by Mo_reza_kaz
Palantir looks like a classic Bubble in the MAKINGNow I don't like picking tops and bottoms, so that's why I have chosen Neutral for this. However, the market is driven by more greed and potentially soon Fear than usual. ANy market that climbs beyond 60 degree inclination, should indiate potential warnings of a major crash to come. That's because, it gets to the points where the NAV is far below the actual price. And what drove the market is perception of the people, which is fickle. So we can watch and see how it plays out - But no way would I buy with a market that looks like this.
NYSE:PLTR
by Timonrosso
PLTR: Explosive Move! New ATH After Earnings Report.Daily Chart (Left) Explosive Move: The price surged more than 20% following a strong earnings release, indicating high investor interest and strong buying momentum. New Support at $45: The $45 level, previously acting as resistance, now serves as a potential support according to the principle of polarity. Monitoring this level is crucial for any pullbacks or consolidations. Therefore, even if we see PLTR losing momentum, any pullback to the $45 won't ruin the uptrend. Strong Uptrend: The moving average (21 EMA) supports the ongoing bullish trend, with the price well above it. Weekly Chart (Right) All-Time High Breakout: The price has broken past its previous all-time high, confirming strong bullish momentum on a larger time frame. Sustained Upward Trend: The consistent uptrend since mid-2023 continues with increasing strength, supported by a steep rise in the weekly 21 EMA. Trading Implications: PLTR is currently experiencing strong bullish momentum, marked by an impressive breakout following earnings. The $45 level is crucial to watch for potential support on pullbacks. The trend remains bullish as long as the price stays above the 21 EMA and the support level holds. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NYSE:PLTR
by Nathan_The_Finance_Hydra