PLTR free trade idea 2Why ask Why...Try to learn How to ask Why, that will get you to the trade quicker
PTX trade ideas
$45 is the new baselineExpectations are that PLTR will hit near $80 before taking a pause in its meteoric rise. It decisively went through the 1.618 fib and wants to reach the 1.886 fib projection.
The cup formation has create a new bottom at $45. Institutional traders and market makers will be hard pressed to drive it below this new baseline. If they do, then unless the fundamentals of what PLTR provides as a service, changes, then anything below $45 is a back-up-the truck moment to buy. Right now this dramatic price action is because of the one-time inclusion into NASDAQ, which means funds and etfs need to buy it. Also institutions need to buy it to, to mirror whatever indices they follow.
PLTR = efficiency
Trump and Co. will be looking to optimize every federal gov agency and department. That's what PLTR does, and the federal government has deep pockets to buy what PLTR pedals. They've proven themselves in the military space already, and are now applying that commercially. Same basic tech, but rebranded. Throw in a bit of "AI" buzzword into the sales pitch and high level management everywhere will think this is the cat's meow in terms of offering a competitive advantage. Basically, the perfect storm for incredible growth at least for the next 18 months.
Will hold and re-evaluate once we hit $80.
Unsustainable FOMO - Go Short at $80Palantir, a current darling of wall street, with impressive customer/revenue growth in their AI analytics platform along with impressive government contracts. It's easy to see why PLTR has been a great trade for 2024, but with a forward PEG ratio of +9 and forward P/E ratio of 236 for fiscal year 2025, no wonder most fundamental analysts are saying stay away...
I'd like to go short when the FOMO stops and the tape shows a blow off the top near ~$80/share. Trade short with an initial target of $65 and then $55.
PLTR Elliott Wave Setup: Correction Before the Next Leg Higher?Palantir Technologies (PLTR) is showing signs of completing Wave (3) on the daily timeframe.
Here's the setup:
1. Correction Zone: Expecting a Wave (4) retracement into the $56-$62 range (0.382 Fib level).
2. Upside Targets: If the correction holds, Wave (5) targets are $96 and $106 (Fib extensions).
3. Risk Management: Stop-loss placed at $46.40 to manage downside risk if the setup fails.
Key levels are drawn, and this could offer a great risk-reward opportunity if Wave (4) aligns with the Fib zone and holds support.
PLTR to $80 by EOYPLTR had a great day today, and has had a great month so far following an earnings report that beat estimates. Using the Magic Linear Regression Channel we can see that PLTR broke out of a 2-year long channel at the beginning of the month (November 2024) following it's earnings report.
This means that its price structure has a brand new change of character. Using a second Magic Linear Regression Channel , we can create a new channel based on the pivot high prior to earnings and the pivot high prior to today. However, PLTR is also breaking out of that channel. By adding an additional outer Fibonacci band to the new channel, we can see that PLTR has a potential area of interest at around $80 - a 10% move.
If the new channel is valid, then this can be the first area where we might see a correction in a bullish scenario. Since PLTR is already at the top of the new channel, it could potentially bounce back from there, but it's already moving up in post-market trading, so, I'm guessing that bearish scenario is less likely.
Barring some crazy world events, I'm guessing we can see a steady move to $80 before seeing any kind of major correction.
PLTR Analysis: Poised for Growth or Due for a Pullback?As of December 8, 2024, Palantir Technologies (PLTR) is trading at $77.50. Here’s a detailed analysis and trading strategy.
1. Fundamental Analysis: Palantir's Growth Story
* Forward P/E Ratio: Approximately 44.5, indicating a premium valuation for a company in the growth phase, reflective of investor confidence in its expansion potential.
* Expected EPS Growth: A projected 25% 5-year EPS growth, driven by strong demand in AI, data analytics, and government contracts.
* Expected Revenue Growth: A robust 22% 5-year CAGR, fueled by an expanding client base and increasing adoption of AI solutions.
* Net Margins: 19.2%, showcasing profitability despite its ongoing growth investments and high R&D spending.
Fundamental Rating: 8.5/10
Palantir is a high-growth company with strong fundamentals, but its valuation is relatively high, making it more suitable for long-term growth investors who can stomach potential volatility.
2. Technical Analysis: Key Levels and Price Action
Support and Resistance Levels:
* Immediate Resistance: $80.00 (psychological level and recent trend high).
* Key Support: $72.20 (recent breakout level and liquidity zone).
* Major Support: $67.24 (previous demand zone, aligns with 50-day EMA).
Indicators:
* MACD: Bullish momentum is intact, but the histogram suggests slight weakening.
* Moving Averages:
* 20-day EMA: Positioned at $74.50, providing dynamic support.
* 50-day EMA: Positioned at $67.24, acting as a strong long-term support.
Liquidity Zones & Order Blocks:
* Liquidity Zone: $72 to $74.50, where significant buying activity occurred recently.
* Order Block: $67 to $72, highlighting an accumulation zone during previous consolidation.
3. Trading Plan: Playbook for Scalping and Swing Trades
Scalping Setup:
* Entry: Look for a pullback to $74.50 or a breakout above $78 with volume confirmation.
* Target: $79.50 to $80 (short-term resistance).
* Stop-Loss: $73.50 (below the recent support level).
Swing Trading Setup:
* Entry: Accumulate near $72 for a high-reward trade or wait for confirmation of a breakout above $80.
* Target: $85 to $90 for medium-term gains.
* Stop-Loss: Below $67 to minimize downside risk.
4. Where PLTR Might Be Headed Next
Palantir is in a strong uptrend, with bulls firmly in control. However, the stock is nearing overbought conditions on shorter timeframes, which increases the likelihood of a pullback to $72. The broader trend remains bullish, making any dip a potential buying opportunity for swing traders. Watch for a breakout above $80, which could trigger a rapid move toward $85 or higher.
Disclaimer
This analysis is for informational purposes only and not financial advice. Always do your own research and consult a financial advisor before trading.
PLTR: Danger LevelCheck the LPPL Bubble Indicator as previously described by Didier Sornette. Next 2-3 weeks this will burst and the price target is between 15 & 29
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!
Looking for a PLTR top? Then consider this.Palantir has been a strong stock in the past months. Increasing 10x since the lows. This measured move to $84 is interesting.
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.
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.
PLTR Stock Update: Bullish Signs AheadPLTR looks strong, trading above $67.88, a key level. If it holds, the next short-term target could be $78, especially with a supportive market rally.
The support at $65.56 is solid. A break below this level is unlikely, but if it happens, it could open short-selling opportunities.
Today’s last-hour high volume and bullish candle signal strong momentum. Keep an eye on these levels for your next trade!
Trading JournalBought Price 65
Sold price 66
Stupid sell, this became a case of buying some other stock NYSE:UBER , which failed and me wanting to not lose a small gain (as PLTR was not moving), decided to prematurely, without any reason sell it premarket.
Premarket => general market weakness..
I guess theme i am seeing is to focus on my stocks individually and not as a collective
$PLTR - $80 incoming. Flag breakoutPLTR - flag breakout here. broke $70 key resistance today. Seeing decent call flow coming in todays. Looking for $80 plus on this one if $70 holds. calls good to add as long as $70 holds.
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.
Overextended Stock has broke out of massive monthly base. The time to retest is at hand. What do you think?
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.
$PLTR: OUTLOOKNASDAQ:PLTR : OUTLOOK
I would like to see the $66.63 breakout! 📈
Target would be $67.47!
👉 LIKE & FOLLOW for more updates!
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.
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.
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.
