PLTR: last leg down?From EW perspective, it makes sense to see another slight lower low to bring this downturn to an end. It is not necessary that another lower low will happen since the weird fake wick might have taken care it. In either case we have a weekly bearish divergence on the RSI which seems to be playing out right now. Right now I am focusing on options trade and currently delta neutral to bearish biased. If price falls to $6-$5 level, I am going to start buying shares in blocks and start selling monthly covered puts/calls for a very long time; possibly for the next decade or so. I still believe PLTR can have the same growth potential as appl, msft, goog etc.
PLTR trade ideas
PLTR Creating A Nice BaseA nice cup pattern is forming with the correct volume to back it up. In the beginning stages of a pattern like this, I follow up daily with tight Stop Limits, better risk management, especially since the base has not begun on the right side. Very early analysis but IMO worth trading.
A healthy retracement into the purchase area on light volume will consider adding to position.
Wouldn't mind it remaining above the 50 MA either.
Alerts and Stop Limits while accumulating.
PLTR Wedge Transfer from Think Or SwimNoticed this breakout of this PLTR Wedge that was in ToS so I transfered to TradingView
$PLTR maybe up big today, howeverNYSE:PLTR
Zoom out of PLTR and you can see it still sits below its IPO price from way back despite being up big and finally having a decent earnings.
personally i am not interested in this untill we see a break of that IPO price with a back test.
PLTR AnalysisPrice played out nicely as analyzed last week. Price took liquidity at 9.06 and dropped lower. As earning call draws near, I'm expecting a miss on the guidance for Q4 2022 results as analyzed previously. I'm expecting price to continue lower.
$PLTR stalled after the gap fill, earnings upcoming$PLTR stalled after the gap fill, earnings upcoming
Palantir ShortRejection of Resistance level, bearish hammer, stochastic divergence. Retest of support IMO - TP at @7 for me.
Entry position already gone (sorry for not sharing). Let me know your thoughts.
PLTR AnalysisPrice did not play out as analyzed last week. Similar to the whole market, price invalidated the bearish POI at 7.97 and took liquidity at 9.06. Price is nearing the bearish POI at 10.10 which could be the potential target for this bullish move. Price is overextended with this up move and I'm expecting a retracement to be coming soon.
Is coming backPrice is forming a descending triangle and squeezing more and more. I think It'll break out at any time from now. Looks that it bottomed at $6.5 and is forming a bullish divergence. I just open a long position. I like the risk and reward here.
PLTR D-Chart is still bullish- Rising wedge has formed.
- Price is moving within the wedge trendlines.
- Break on either side of the wedge will define the next trend.
PLTR long position in daily chartPLTR take a long position in daily wedge pattern with reversal rsi trend
good luck
PLTR | Maybe It Has Reached The BottomPLTR | Maybe It Has Reached The Bottom
When the price reached the bottom near $6 some days ago
we can see that the buyers were well positioned there as the price increased
very quickly.
On the daily chart, we can also see a very solid wedge pattern
that may push the price even higher.
It could be a very good long-term investment and the price may grow more than
I am expecting in the short term.
Thank you and Good Luck!
PLTR AnalysisPrice hits the first target and retraced deeper into the bearish POI. Price has also created relatively equal lows at 6.67 which could be taken once confirmation on lower timeframe has been made. This will push price back down to the bullish POI at 6.38.
PLTR still NOT ready to go upI am fully Bearish in NYSE:PLTR for Both TA analysis or Financial analysis
TA analysis shows that the main trend is DOWN TREND and it is still that Not ready for reversal Until it close daily Above the price as shown in the chart
and Financially the company still Not a profitable company so finding another company in this sector is better right Now
What do you think? share your ideas in the comment
PLTR: Trap?Prices have been floating upwards for a bit. Folks seem to forget the macro environment we find ourselves in. When will we be reminded is the question.
Perhaps we'll move a bit higher. Though for now we continue to travel within a channel.
Palantir - Price May Change Direction SoonPalantir - Price May Change Direction Soon
PLTR is showing a wedge pattern on the trading radar.
Bullish volume built up within the pattern
is getting ready to rise the price.
We can see that the price is breaking out of the pattern.
Chances are very high that we may be in a correction
and not at a clear point of reversal.
Details on the chart!
Thank you and Good Luck!
PLTR - Short Term Profits by Mid JanuarySimple bet I'm making here, some technical analysis involved by also a gut call based on fundamentals, above 50ma on hourly and approaching 200ma, approaching 50ma on 4hr, reversal on the daily, possible retest of previous resistance before going down further or a continuation up. Either way I think we could see this upside first.
I don't have a crystal ball, or a Palantir, but I'm going to take a risk of 3-4% for 6-7% profit at this level.
Fundamentals look good along with the new Skykit announcement. Would be surprised to see things start looking better, only thing really holding PLTR down is the market in my opinion, so if we have a green day on the market, I wouldn't be surprised to see Palantir top that.
PLTR- Short on Positional BasisPLTR Already breaks its strong support zone and retests it again, so this is good for taking short positional trad also US index is bearish so the probability is high to give a good risk reward.
PLTR - D Chart - Descending Triangle broken downwards1- LL
2- Support broker @ 6.50
3- Descending triangle bottom line broken
4- Fib level 0.23 acting as resistance
5- Downward slop Head & Shoulder
PLTR AnalysisPrice played out nicely according to my previous analysis. Price filled the fair value gap at 8.00 before giving a strong reaction to the downside, taking out the sell-side liquidity at 6.89. I'm expecting price to head down lower to take out the all-time lows at 6.44 following the higher timeframe order flow.
PLTR AnalysisPrice has been consolidating around the $7 range. We can also see sell-side liquidity being built here as price tries to rally. Furthermore, price created equal lows at 6.89. There is a high probability that price will take these liquidity.
PLTR: Palantir: Worth to have a small bag, for risk loversNYSE:PLTR On support. What to say? Risky asset but definitely worth to have a small bag of it, Palantir will probably leverage itself with the use of AI way more, and what if they make an as powerful AI as ChatGPT is?
I do not know.. let's grab a bag!
