PLTR trade ideas
PLTR: Next pullback will tell us if bottom is inPLTR is checking off a lot of boxes. The initial ABC move seems to be complete. C wave missed 1.618 extn of A wave by a few but more or less structure looks ok. Wave 3 of 3 of C had the largest oversold reading in RSI. Pretty massive RSI bullish divergence is playing out at the moment. Now, the moment of truth will come on the next pullback. If the retrace holds about at 50% of the bounce and moves above the last high, it's game on. Fundamentally, I think the company is a gem. It has a lot going for it. The CEO has a solid head on his shoulders. Like any tech companies, there is a burn-in period before things start to take off. And like any other groundbreaking tech companies, PLTR brand comes with a heavy risk of complete failure or a huge potential to become a household name. At this price point, I am willing to take the bet and buy in for a long-term hold. If price decides to move down and hit the 1.618 extn, I'll buy some more; only what I can afford to lose and not care. As usual, not a financial advice.
ElliottWave count for $PLTR Stock - 5th Wave to finish off!$PLTR, in line with all high growth tech stocks, have experienced huge drawdowns. Have we reached the bottom? I don't think so, as we miss a 5th Wave to the downside to finish off the correction.
$PLTR - Weekly TF Analysis$PLTR weekly showing a reversal after completion of a 5-3-5 correction. A pullback from 10-12 could be a good place to go long.
PLTR: Room to move up, but where will it stop?Contacts left and right recently. But Palantir has grabbing contacts left and right for a year now.
Why is this recent small upwards trend different than any other? I'm not sure that it is. Until some major change occurs. It appears Palantir has always and continues to move with the market (in the volatile Palantir fashion we know and love)
The one thing we can't do is predict the future... But we can always test our understanding of the trends.
Just a side note: the day we surpass our more 17 month long resistance is a game changing day.
Good luck all. Share your opinions 👇
Buy if you want this one soon.Every idiot internet trader, idiot tech lover, every idiot fund manager told you to buy above $20.
Big tech GEM Palantir not bad entryPalantir is a really big tech GEM, after massive bearish rally we can wait slowly resurrection now, despite negative background some investors I see start bullish movement of PLTR.
First target 13.5$, continue some coŕrection around 12-11-10$
Palantir - 4h ChartThis stock has been beaten down hard and I believe it has reached the bottom. By now everyone who don't believe in the company have abandoned the ship.
A breakout from the bull flag occurred just as predicted in my previous 2h chart analysis which you will find here:
What we see now is a big Falling Wedge pattern which in most cases signals that the stock has reached a certain bottom. This aligns well with my previous analysis on Nasdaq which you will find here:
I expect the same kind of move breaking out of the minor falling wedge, to occur breaking out of the major falling wedge. By the time people realize the breakout it will have moved significantly.
I am super bullish on Palantir! There is huge upside to this stock.
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Disclaimer: This is not an investment or financial advice. I'm just sharing an idea for educational purposes.
Palantir - 2h ChartThis stock has been hammered down to the ground and I believe it has reached the bottom.
We now see a bull flag pattern that just broke to the upside.
I am super bullish on Palantir! There is huge upside to this stock.
Like & subscribe if you want to see similar analysis and updates. Enjoy!
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Disclaimer: This is not an investment or financial advice. I'm just sharing an idea for educational purposes.
PLTR/USD Daily TA Cautiously BullishPLTR/USD Daily cautiously bullish. *It's become rather apparent that even after an 85% drop from its ATH, investors still aren't done selling . Taking a closer look at their financials and it's clear that they are a tech growth company that intends to be here for a while but face the reality that they may be operating in a high interest rate environment for a year or more. Financials summary: negative income since going public due to arguably egregious spending on Selling/General/Admin Expenses (that exceed Gross Profit which is $1.20b); Shareholder Equity is at $3.32b as of Q1 2022 and they have maintained minimal debt since IPO; lastly, they started producing Free Cash Flow last year in their fourth year being publicly traded and continued to do so in Q1 2022. So even though they have a healthy balance sheet and are generating positive cash flow, growth companies are often faded in favor of value companies in rising/higher interest rate environments, which helps to explain a lot of the negative sentiment.* Recommended ratio: 65% PLTR, 35% cash. Price is currently retesting $8.52 minor resistance after bouncing from the lower trendline of the descending channel from November 2020. Volume remains moderate (low) and fairly balanced between buyers and sellers as of late but is currently favoring buyers for two consecutive sessions. Parabolic SAR flips bearish at $7.13, this margin is neutral at the moment. RSI is currently trending up at 42.48 but is still technically testing the uptrend line from 01/27/22 as resistance at ~40; if it can continue surging, the next resistance is at 46.81. Stochastic crossed over bullish in today's session and is currently trending up slightly at 93 as it tests 89.92 resistance; the next resistance is max top. MACD remains bullish and is currently trending up at -0.90 as it quickly approaches -0.81 resistance. ADX is currently trending down slightly at 39 as Price is attempting to establish a short term bottom, this is mildly bullish. If Price is able to break out above $8.52 minor resistance, the next likely target is a test of $10.44 minor resistance. However, if it gets rejected here then it will likely retest the lower trendline of the descending channel from November 2020 as support at ~$7.31 before potentially heading lower. Mental Stop Loss: (two consecutive closes below) $7.39.
PLTR possible ending of Wave BPLTR may soon be completing Wave -B and then charge higher for W-C to complete W-4 primary
Let's see how it unfo\lds
PLTR: continued opportunities to go longPalantir will not do well in this style market. Let's be frank, it did not do well at the end of the bull market since it IPOd. Chalked up to a classic misunderstood public company - politically, it's got a CEO and creator on opposite ends of the political spectrum, something this country cannot understand - yet something to behold for those that want a strengthened, bipartisan democracy. Folks are unclear where it derives it's revenue from - is it reliant solely on government? If so, were told it's not enough, and commercial revenue is not growing fast enough in case they do loose government contracts. Is it reliant on commercial contracts? If so, were told it's not growing fast enough, and the steady government contracts won't sustain their growth.
Palantir can't seemingly do anything right according to wallstreet, yet they've grown over 35% YoY?
if you're like me, and you've done your due diligence for this company - you understand it's ability to obtain and retain clients for it's well designed, efficient and capable bespoke software. With your strong conviction, you feel smething's not right.
If you're like me you can also see the writing is on the wall for companies like Palantir, that are so misunderstood. That they can't possibly thrive in any market (without hype - as we saw in it's early IPO stages thanks to Cathy Wood). That unless, on paper, they can show without a reasonable doubt, that money talks. And by then it would have been too late for most people to invest and make a reasonable return.
I see further sideways or downward movement as we continue to travel down our bear channel.
To me I just see more opportunities for leap contracts and going long.
Please share your thoughts on this company.
Do you dislike the company or stock? If yes/no please comment your thoughts below.
Good luck all!
Palantir, a real reason to be bullish (for once)Ask any PLTR shareholder what bothered them most in 2021 and almost all of them will yell in unison - "SHARES BASED COMPENSATION!" They have a right to be upset. Nearly a billion extra shares hit the public float as company execs effectively flooded the market with them for pretty much the entire year. I can't necessarily blame them, as they were likely options that had to be exercised by a certain date and it's just part of how growing companies have to lure in new talent- offering stock. Nonetheless, LOTS of people are quite jaded by the whole ordeal. It doesn't make you feel great as a shareholder to know that the company execs are raking in tens of millions of dollars while simultaneously diluting your share value.
Well, here we have the first evidence I have found that not only has that subsided - it reversed! I am short term bullish PLTR to close the highlighted gap, but I am also thinking about putting in a longer term stake based on this finding. We can use all sorts of indicators, trend lines, patterns, etc to prove or disprove a belief in this polarizing stock Palantir..... but this is perhaps the single most important bullish "indicator" I have found. I truly believe if this trend keeps up Palantir has almost certainly already put in a long term bottom and accumulation has already began. With that being said, keep your stop losses tight if you're a trader and rather loose if you have a horizon of 1+ years. I can't fully get on board almost any individual security right now until I have more confidence in the macro indexes which are being battered with bad news from all sides. But when I do flip to full-bull, PLTR will be one of the first stocks I'm going to load up on.
Palantir UP!Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations.
Trading at 66.2% below our estimate of its fair value
Revenue is forecast to grow 26.26% per year
Plebantir Or New Fang?Good chance this has bottomed - Question is are we looking at a new FANG stock that displaces the old over time or is it just another hype train that runs off the tracks leaving plebs rekt.
PLTR - The case of Tiny Gold Nuggets
NYSE:PLTR
Did you see that May 12-May 13th price action?
Did you catch the bottom?
News:
I'm sure Russia or the war and the need for intelligence had nothing to do with the most recent bullish price action. As a matter of fact, PLTR failed earnings again!
Charts:
EMA ( Exponential Moving Average ): Well, like most stock, the EMAs are inverted. But, the most recent price action popped above the 200 EMA.
TTM Squeeze: Hmm... Was May 12trh the bottom we've been looking for? TTM is squeezing upwards.
Fib Levels: The price is right between 1 and .786. This is not an entry indicator for a swing trader but for longterm trader it's enough for a discount purchase. It's best to mostly wait for the cross and hold above .618 fib.
Candle Stick: Piercing or bullish engulfing pattern.The opposite pattern of three black crows is three white soldiers, which indicates a reversal of a downtrend. hmm... I don't like the use of black/white. haha
RSI: Went as low as 15.98 and currently at 31. Hmmm, this is looks like a great opportunity.
Pattern: We didn't get the double bottom pattern we initial wanted but this rising wedge is very tempting.
History: See related ideas below.
Palantir long. Short term play.The whole market is going to get a boost from now until probably the 25th when the Fed minutes from the last meeting come in and make everyone crap themselves again. I think Palantir closes that gap along the way. Top of the gap is the goal, that's it. Then I'm out.
PLTR/USD Daily TA Neutral BearishPLTR/USD Daily neutral with a bearish bias. Recommended ratio: 45% PLTR, 55% cash. Price established a new ATL at $6.48 and is technically still testing the lower trendline of the descending channel from November 2020 ($7.88) as support. Volume remains high and favored buyers in today's session, ending a five day streak of seller dominance. Parabolic SAR flips bullish at $8.84, this is mildly bullish. RSI remains oversold and is currently trending up at 28.60 (after bouncing from 22.30) as it approaches a test of 33.59 resistance. Stochastic crossed over bullish in today's session (after bouncing from max bottom) and is currently trending up at 10; the next resistance is at 33.59. MACD remains bearish after breaking down below -0.81 support and is currently trending down at -1.34 as it approaches the ATL at -1.85. ADX is trending up at 37.50 as Price continues to fall, this is bearish. If Price is able to defend the lower trendline of the descending channel from November 2020 at $7.88 as support, the next likely target is a test of $8.52 minor resistance. However, if Price continues to fall here, then the next psychological support level is at $5. Mental Stop Loss: (two consecutive closes above) $7.88.
