Short on PalantirPalantir's stock is facing several risks that could justify a short position. Its overvaluation is evident, trading at a P/E ratio of around 247 after a 150% surge in 2024, implying that future growth is heavily priced in; if the company doesn't meet these expectations, a sharp correction could occur. Insider selling over the past 90 days has raised doubts about confidence in Palantir’s future, despite some sales being pre-planned. The stock's gains are tied closely to the AI boom, but there's skepticism over whether Palantir's contracts can maintain momentum, leading to concerns that AI hype may not translate into sustainable growth. Analysts give the stock a "Reduce" rating with a consensus target suggesting a 33% downside, highlighting the potential risk of a pullback.
Furthermore, the stock appears technically overbought, increasing the likelihood of profit-taking and a subsequent decline. Also, it is posible that Palantir is done with the fifth and the last Elliott Wave, and ABC corrective wave are incoming, hence entering a short position (Put) at price $42.00, first target price $32.0 at the 0.5 Fibonacci retracement line, and the second target price 0.382 Fib retracement line $24.0.
A less than perfect earning will help us to get there.
PLTR trade ideas
Buy set upPalantir has recently broken out of its triangular formation and is now advancing toward the 68 level. Additionally, a series of positive developments are contributing to the bullish outlook, as the price continues to gain upward momentum each day.
N/b just a speculative set up. Like /follow if you agree. Thank you!
PLTR on the Move: Key Levels & Setup for Scalping and SwingTrading Plan and Technical Analysis for PLTR
Overview
Palantir Technologies (PLTR) has been displaying a strong uptrend, with price action respecting an upward channel. However, recent sessions have seen some volatility, creating both scalping and swing trade opportunities. Here’s a comprehensive breakdown of the setup, including supply and demand zones, order blocks, and key support/resistance levels to watch.
Key Levels
Support Zones:
$61.00: Immediate support that PLTR has recently bounced off. If it holds, this level could act as a base for short-term bullish momentum.
$57.13: Major support level to watch if the $61 level fails. This has previously seen significant buying pressure.
Resistance Zones:
$63.39: This is the first significant resistance level. A break and hold above this could lead to more upside.
$66.00: A key resistance near the top of the channel. This level would be a major target for swing traders.
Price Action & Supply/Demand Zones
Demand Zone: The region between $59 and $61 has shown consistent buying interest and aligns with previous demand levels. If the price retraces here, it could provide a solid entry for scalping or even a potential swing entry if it shows strong support.
Supply Zone: The area around $63 to $65 has seen sellers stepping in. If PLTR rallies into this zone, watch for possible rejection unless it breaks out with strong volume.
Order Blocks & Market Structure
Bullish Order Block: Around $59, we can see a strong area of support where buyers previously stepped in. Any pullback into this level could present a buying opportunity if we see buying volume return.
Bearish Order Block: Near $63.39, where sellers have taken control before. A break above this could signal a continuation of the bullish trend, but any struggle here might indicate another pullback.
Entry & Exit Suggestions
Scalping Entry: Look for entries around $61.00, especially if price action confirms support here with a bounce. Target quick exits at $63 with a tight stop below $60.50.
Swing Trade Entry: Consider entering near $61 with a target toward $66 if the overall trend remains bullish. Set a stop loss below $59 to manage risk.
Directional Outlook
Bullish Scenario: If PLTR holds above $61 and breaks through $63.39 with strong volume, it’s likely we’ll see a move toward the $66 level. This would make a solid case for a swing trade.
Bearish Scenario: A breakdown below $61 could lead to further downside, targeting the $57.13 support zone. This would be a short opportunity, but I’d wait for a clear break and close below $61 to confirm bearish momentum.
Thoughts and Suggestions
For scalpers, watch the $61 support level closely, as it has shown to be a pivot point in recent sessions. Swing traders should keep an eye on $63.39 as a breakout level. Volume confirmation at these key levels will be essential for determining the strength of any moves.
Overall, PLTR is respecting the channel well, but it’s important to be cautious if we see signs of rejection near resistance zones.
Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Always do your own research and consult with a financial advisor before making trading decisions.
PLTR: Holding Above its Critical Support Line!Daily Chart (Left)
Pullback Signal: There’s a potential pullback signal on the daily chart, indicated by the yestterday's bearish candle, and PLTR is trying to lose its low today. This could suggest that the price may retrace to lower levels before resuming its trend, however, it needs to lose its key short-term support level first, which we'll talk about soon.
Fibonacci Retracement Levels: The chart includes Fibonacci levels, with 38.2%, 50%, and 61.8% retracement lines drawn as potential support zones for the pullback. These levels are likely areas where buyers may step in if the stock pulls back further.
EMA Support: The 21-day EMA is positioned below the current price, acting as dynamic support. The stock remains above this EMA, indicating a bullish trend, although a pullback to the EMA could be possible.
Hourly Chart (Right)
Short-Term Support at $58.57: The hourly chart shows $58.57 as a significant short-term support level. Holding above this level is crucial for the stock to maintain its upward momentum in the short term. If PLTR loses it, then it'll possibly trigger a mid-term correction to its support levels described on the daily chart.
Trading Implications:
PLTR is experiencing a potential pullback after a strong rally. The $58.57 level on the hourly chart is a critical support to watch. If PLTR fails to hold above it, then the retraments will be our next stop, and then we'll see if PLTR will be a buy again or not.
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.
PLTR on the Rise: Key Levels to Watch for Nov. 14, 2024Palantir Technologies Inc. (PLTR) has been trending upward, but it’s approaching critical levels that could determine the next move. Here’s a deep dive into the price action, supply and demand zones, order blocks, and trade opportunities for scalping and swing positions.
Market Structure Overview:
PLTR has been on a steady uptrend, currently trading within a rising channel. The stock is approaching resistance levels, and momentum could either drive it to new highs or lead to a pullback if buyers show exhaustion.
Key Zones:
Demand Zone (Support): $60.00 - $61.00
This zone has consistently attracted buyers, providing support within the channel. If PLTR revisits this area and holds, it could be an ideal entry for long scalps or even swing trades.
Supply Zone (Resistance): $63.35 - $63.39
This range is the immediate overhead resistance, representing a psychological level that may test the strength of the current uptrend. A break above this range could signal bullish continuation, while rejection could lead to a short-term pullback.
Order Block Insight:
PLTR has formed an order block around the $62.00 level, which has served as a battleground in recent sessions. This area represents potential institutional interest, and reactions here may provide clarity on short-term direction.
Support & Resistance with Entry, Exit, and Stop Suggestions:
Immediate Support: $61.00
Long Entry: Look for entries near $61.00 on signs of a bounce, targeting exits around $62.50 and $63.00.
Stop-Loss: Below $60.50 to manage risk if PLTR breaks lower.
Immediate Resistance: $63.00
Short Entry: Near $63.00 if there’s rejection, with targets at $62.00 and $61.00.
Stop-Loss: Above $63.50 to protect against a breakout.
Swing Trade Setup:
Swing Long: Above $63.39, with targets at $64.50 and $65.50 if momentum continues.
Stop-Loss: Below $62.50 to reduce downside risk.
Swing Short: Below $60.00, aiming for $58.00 as the next support level.
Stop-Loss: Above $61.00 to control risk if PLTR reverses.
Price Action Insights:
PLTR’s price action indicates bullish momentum within the rising channel, but it’s nearing a critical resistance around $63. The MACD shows a mild bullish momentum, which aligns with the potential for an upward push if buyers remain committed. A failure to break $63, however, might lead to consolidation or a slight pullback.
Indicator Analysis (9 EMA & 21 EMA):
PLTR is currently trading above both the 9 EMA and 21 EMA, supporting the bullish outlook. If it stays above these EMAs, the uptrend should remain intact. A bearish cross or loss of these levels could prompt a short-term reversal.
Scalping & Swing Outlook:
Scalping: Look for quick long entries near $61.00 for bounces toward $62.50, or short entries around $63.00 if there’s resistance.
Swing: The key breakout level is $63.39. A strong push above could lead to extended gains. Conversely, a drop below $60.00 could signal a retracement to lower support levels.
Directional Thoughts & Suggestions:
Given PLTR’s current structure, it appears poised for a bullish continuation, especially if it can clear the $63 resistance. My suggestion would be to monitor reactions around $63.39 closely. If it fails to break, expect some consolidation within the channel or even a test of lower support. A breakout above $63.39 would favor longs targeting new highs within the channel.
Conclusion:
PLTR is at a decisive point, with clear levels for both bullish and bearish plays. Patience for confirmed moves and disciplined stops are essential here. The setup offers potential in both directions, so stay alert to reactions at key zones.
Disclaimer: This analysis is for educational purposes only and not financial advice. Please conduct your own research and consult with a financial advisor. Trading involves risks, and past performance does not guarantee future results.
PLTR: Rising Channel with Key Resistance at $62 – Will It Hold?
📌 Overview
Palantir Technologies Inc. (PLTR) is currently trading within a rising channel on the 1-hour chart, with price oscillating between the channel's support and resistance lines. The 9 EMA and 21 EMA are providing guidance on short-term momentum, while volume analysis suggests possible consolidation before a decisive move. Let’s examine the critical levels, indicators, and potential trade scenarios.
📊 Current Trend on the 1-Hour Chart
The 1-hour chart shows a clear upward channel, with PLTR making higher highs and higher lows. The price is moving along the channel’s support and resistance, indicating a strong uptrend within this pattern.
However, current price action appears to be consolidating near the middle of the channel, which could either signal a continuation higher or a potential pullback.
📉 Key Levels
Resistance Levels:
$62.08: This is the recent high and a significant resistance level. A breakout above this level with strong volume could confirm further upside within the channel.
$59.78 - $59.73: The current ask and bid prices are near this level, marking minor resistance. Clearing this zone is essential for PLTR to retest the higher boundary of the channel.
Support Levels:
$57.13: This support level aligns with previous lows and could act as a short-term floor if PLTR pulls back.
Lower Channel Trendline: The lower boundary of the rising channel acts as dynamic support. A break below this trendline would indicate a potential reversal of the current uptrend.
🔄 Indicators
9 EMA and 21 EMA:
The 9 EMA is currently above the 21 EMA, which supports the bullish trend. However, the two EMAs are close to each other, indicating possible consolidation.
If the 9 EMA crosses below the 21 EMA, it would signal short-term bearish momentum, suggesting that the price may test lower support levels.
MACD:
The MACD is relatively flat, indicating a lack of strong momentum. This suggests that the stock might be consolidating and could see a breakout or breakdown depending on the next volume push.
Volume:
Volume has been declining, a common pattern before a significant move. Watch for a volume spike to confirm any breakout above resistance or breakdown below support.
🛠 Trade Setup
Bullish Scenario:
A breakout above $62.08, accompanied by increased volume, would confirm bullish continuation within the channel. In this scenario, a possible target could be the upper boundary of the channel, with additional upside depending on market momentum.
Bearish Scenario:
A breakdown below $57.13, or a close below the lower channel trendline, would indicate a bearish reversal. In this case, targets would include the $55 area or lower, depending on the selling pressure.
⚠️ Risk Management
Stop-Loss: For bullish trades, consider a stop-loss just below the lower trendline or $57.13. For bearish trades, set a stop-loss above $59.78 to limit losses if PLTR reclaims the channel.
Position Sizing: Ensure proper position sizing according to risk tolerance, as channel breakdowns or breakouts can lead to accelerated moves.
📚 Key Takeaways
PLTR is in an upward channel, currently consolidating near the middle.
The 9 EMA and 21 EMA indicate a bullish bias, but potential consolidation could shift momentum.
Watch for volume and price action around $62.08 for confirmation of bullish continuation or a break below $57.13 for bearish potential.
💬 Conclusion
PLTR is in a strong upward channel but currently consolidating near the middle of this range. The next move will likely be driven by volume and momentum signals. Traders should monitor the upper and lower levels for potential breakout or breakdown setups.
Disclaimer:
This analysis is intended for educational purposes and should not be considered financial advice. Please conduct your own research or consult with a financial advisor before making trading decisions.
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.
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.
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 $53.52 support level.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always conduct your own due diligence before making trading decisions.
PALANTIR ON AN INCREDIBLE BULLRUN ! BUT...
But be careful—this does not justify the price at all. Although Palantir has very solid numbers in its balance sheet, this does not justify a valuation at such an overvalued price could be very dangerous !
We must consider that markets in general are bullish, and the results of the latest report recently showed that it remains a very solid company in terms of sales. However, its earnings numbers are average—they meet analysts’ expectations, but by a very narrow margin. Historically, this has been the case in past reports as well.
Now, let’s get back to the technical analysis of Palantir.
After its report, it managed to break through that institutional zone that marked its peak 3 years ago (2021). After bouncing off the imbalance for a second time, Palantir showed a lot of strength and reached new highs.
From here on, we just need to wait for a pullback soon to start analyzing a possible support level.
Right now, Palantir is in no man’s land, which makes it a bit difficult to predict its next move. The only thing we can do here is to follow its movement candle by candle, staying alert to wicks and immediate zones where it might pull back.
Thank you for supporting my analysis. TRADE SAFE!"
PLTR's Uptrend Threatened? Rising Wedge Nears Strong ResistancePLTR is approaching a critical technical zone as it forms a rising wedge pattern while facing weekly resistance. This combination suggests potential downside pressure if buyers can't push past the resistance.
Palantir, expecting retracementPalantir uptrend move from June 2024 so far has been incredible. But I think enough is enough!
Palantir broke out of its "cup and handle" pattern in mid June and already hit its target at about 50$ 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.
$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
shorting palantire palantire breakout of all time high probably it will go for a restest at level 44.96 nothing will go straight up with no correction or a retest of support NYSE:PLTR
PLTRSeems like a constant growth.
PLTR will reach above 55—SL below the red hatchline.
It is just a speculation
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.
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.
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:
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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
PLTR Back to ATHsBounced off the .382 fib retracement with only ATH remaining. Lots of bullish momentum and TA has been smooth as well. Possible S&P 500 inclusion in September could also be driving price action from "smart money."
Flow into calls has been increasing with a few big orders above ATH have been spotted
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.
$PLTR - possible $60 before pullPLTR - stock hitting all time high today. Currently, stock in overbought position. possible $60 before pull. needs to hold $55 to continue or puts below.
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.
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