PLTR stock analysis - Dec 20Buy above $85 and possible target for $88-92
Short below support line of $76
PTX trade ideas
A US Stock PLTR, Market structure update and strategy👋Hello Traders,
Our 🖥️ AI system detected that there is an D1 timeframe ICT Short setup in PLTR for Swing trade.
Technically it is clearly that a double top formation and a LG at second top.
Our idea:
if Closed below 71.0, it will find the next support level 63.6 above the demand zone.
There will be a good chance to buy after next accumulation next time.
Since we have stock on hand,
we will use Option strategy such as Short Call about 77 to collect premium.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Palantir Technologies Inc. (PLTR) - Top is In; Time to ShortPLTR is presenting a potential short setup as it approaches a short zone within the Fibonacci retracement levels.
This area aligns with strong resistance, suggesting a downside move could follow.
Trade Details:
- Entry (Short Zone): $74.25
- Stop-loss: $78.30
Targets:
- Target 1: $65.10 (Fibonacci 1.0 extension)
- Target 2: $57.15 (Fibonacci 1.618 extension)
Analysis:
The rejection of the resistance zone could trigger a bearish wave down to the targets. Fibonacci extensions provide additional confluence for the downside targets.
Monitor price action closely for confirmation.
PLTR: Technical Analysis (TA) and GEX for December 20Market Overview for December 19, 2024
Today’s market showed consolidation across major indices, with limited directional movement and investor caution following recent Federal Reserve policy updates. The S&P 500 and Nasdaq Composite experienced marginal declines, while the Dow Jones Industrial Average remained flat. Treasury yields exhibited mixed movements, reflecting a blend of economic resilience and sector-specific challenges.
Key highlights:
* Sector Movers: Darden Restaurants surged nearly 15% on strong results, while Lamb Weston and Micron Technology saw sharp declines.
* Sentiment: Caution persisted due to mixed economic data and limited clarity on 2025 rate cuts.
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Technical Analysis (TA) and GEX for PLTR
1. Key Levels (Based on Charts)
* Support:
* $72.00 (2nd Put Wall)
* $70.27 (Bearish channel support)
* $68.00 (3rd Put Wall)
* Resistance:
* $75.50 - Immediate resistance from today’s price action.
* $77.61 - Key GEX level.
* $80.00 - Highest positive NET GEX.
2. Price Action Insights
* PLTR’s price action suggests consolidation within a bearish descending channel on the hourly chart.
* Recent rejection near $75.50 indicates sellers defending this level.
* Intraday low volume suggests weaker momentum, aligning with a sideways trend.
3. Indicators Analysis
* 9 EMA and 21 EMA:
* Both EMAs are flattening, indicating a lack of strong momentum.
* MACD:
* Nearing a bearish crossover on lower timeframes, signaling potential downside pressure.
* Options Oscillator:
* Call activity dominates, with 83.9% calls indicating bullish sentiment, though it remains unconfirmed by price action.
4. GEX Analysis
* Key Gamma Levels:
* $75: 73% (2nd Call Wall) - Acts as a pivot level for tomorrow.
* $77: 52.26% (3rd Call Wall) - Bullish breakout above this level signals momentum.
* $72: 13.55% (-Put Wall) - First downside support.
* $70: Critical put support for bearish scenarios.
Trading Outlook for Tomorrow
Bullish Scenario:
* A break above $75.50 with strong volume can lead to $77.61 (GEX resistance) and potentially $80.
Bearish Scenario:
* Failure to hold $74 could result in a decline to $72 (Put Wall), with further downside to $70 in a bearish continuation.
Neutral/Range-Bound Scenario:
* Consolidation between $74 and $75.50, consistent with today’s activity, remains likely if volume stays muted.
Actionable Suggestions
* Entry:
* Bullish: Above $75.50 with targets at $77 and $80.
* Bearish: Below $74 with targets at $72 and $70.
* Stop-Loss:
* Long: Below $74.
* Short: Above $75.50.
* Scalping Opportunity:
* Monitor breakouts from the $74–$75.50 range for quick trades.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk appropriately before trading.
PLTR Analysis: A Long-Term Trendline in Play again!I've identified a key trendline on PLTR's chart that dates back to its early days. This line historically served as strong support during the stock's initial rise but turned into a resistance after PLTR broke below it.
Right now, PLTR is approaching this long-term trendline again, which could make it a critical turning point. 🚀 This trendline has proven to be a resistance several times already.
Why This Matters:
Breakout Potential: If PLTR can break above this resistance with strong volume and hold, the trendline may turn into support again, signaling a continuation of the uptrend.
Volume Confirmation: The recent price surge has been accompanied by a clear spike in volume—a bullish sign that adds weight to the move.
Momentum: The moving averages are trending upward, reflecting strong momentum.
What Could Happen:
Breakout Above the Trendline: A decisive break and close above resistance could push PLTR into a new phase of its bullish channel.
Rejection: If the trendline holds as resistance, we might see a pullback to retest lower supports like the moving averages or parallel trendlines.
I'll be watching this closely—this trendline could shape PLTR’s next big move. Let me know what you think! 📊
PLRT: Deja Vue We seem to have a typical Bubble behaviour that has bursted. I guess 38 should be the primary target.
Palantir: Target Zone Ahead!We now primarily assume that Palantir’s turquoise wave 3 has concluded at $82.72. For the ongoing turquoise wave 4, we have outlined a matching Target Zone (coordinates: $59.15 – $51.84), where the price should complete its interim correction and realize an upward trend reversal. However, as part of our alternative scenario, there is a 33% chance that the price will surpass the $82.72 mark directly to develop a higher high of the turquoise wave alt. 3.
PLTRTutes rinsed retail today and 3.7 billion dollars needs to be injected into the stock this week to rebalance the QQQ and indexes that track it. I’m sensing that todays pullback could be a retail rinse, sell the news event for institutions to get a cheaper entry. Look at that bounce this morning.
Doesn't make any sense a drop, right?It makes no sense that this company is dropping today, but there is a reason for it: it was forming this massive symmetrical triangle that aims to take us to a new high. In fact, it left two vectors with a formation waiting to be completed, perhaps today or during this important week of the FED meeting.
Palantir Technologies: Strong Potential for Growth Next WeekRecent Performance: Palantir Technologies has experienced a significant uptick
recently, nearing a bullish momentum with a 4.64% increase as it prepares to
join the NASDAQ 100. With a current market price of 76.07, the optimism
surrounding its AI-driven solutions and inclusion in a prestigious index
demonstrates growing investor confidence, suggesting further upward
movement.
- Key Insights: Investors should focus on important support and resistance
levels to guide their trading strategies. The key resistance is at $78.20,
while support sits at $75.38. Continued momentum could propel the stock
higher, particularly as demand for AI solutions remains strong.
Additionally, Palantir's robust revenue growth from U.S. government
contracts positions it as a significant player, making it attractive for
both retail and institutional investors.
- Expert Analysis: Expert opinions reflect a strong belief in Palantir's future,
with CEO Alex Karp projecting an ambitious valuation target. Analysts are
split, with some advocating for profit-taking while others emphasize the
potential for growth akin to moves seen in stocks like Nvidia. Market
sentiment is largely positive, with considerations around political dynamics
potentially influencing government contracts playing a role in the stock’s
performance.
- Price Targets: For next week, traders should consider the following targets:
- T1: $80
- T2: $82.70
- Stop Levels:
- S1: $75
- S2: $74
- News Impact: The announcement of Palantir’s inclusion in the NASDAQ 100
effective December 23 is a significant catalyst that is anticipated to drive
buying interest. Coupled with a notable 40% increase in revenue from
government contracts year-over-year, this news further solidifies Palantir's
position as a leader in the tech sector. Investors should remain vigilant
around these events, as they are likely to influence market movements.
GEX Analysis for PLTR-Dec. 13, 2024Current Price: $73.71
IVR: 61.7
IVx Average: 73.6
Options Sentiment: Bullish with 78.3% in Calls.
Key Levels:
Resistance:
* $75.00: Highest Positive NETGEX (Key breakout level).
* $76.00: 2nd CALL Wall.
* $77.00 - $80.00: Extended resistance zones (watch for potential rejections).
Support:
* $73.00: 3rd CALL Wall (Key support level for bulls to hold).
* $72.00: High Volume Level (HVL) and 1DTE PUT Wall.
* $68.00: GEX10 Level, stronger downside support.
Sentiment & Projection:
* PLTR is showing strong bullish options sentiment.
* A breakout above $75.00 could drive prices to $76.00 or higher.
* Failure to hold $73.00 could see a pullback toward $72.00, and further bearish momentum may test $68.00.
Trading Strategies:
Bullish:
* Entry Above: $74.00 (Confirmation of breakout).
* Target: $75.00, $76.00.
* Stop Loss: $73.00.
Bearish:
* Entry Below: $73.00.
* Target: $72.00, $70.00.
* Stop Loss: $74.00.
Reminder:
Always verify IVR and IVx for real-time updates before entering trades. Adjust setups accordingly for the latest market conditions.
Disclaimer: This analysis is for educational purposes only. Always perform your own research before trading.
PLTR Price Levels & Options Strategy: Game Plan for Dec. 12Overview of GEX Levels
Resistance Levels:
$75: 2nd Call Wall and a key resistance area where sellers may dominate.
$73: GEX10 zone, offering intermediate resistance to monitor.
$80: Call resistance level, marking a strong cap for upside moves.
Support Levels:
$70: HVL (Highest Volume Level), acting as a critical support level. Staying above this level keeps the bullish structure intact.
$68: GEX8, another notable support where buying interest may appear.
$66: Highest negative NETGEX, representing strong downside protection and a potential floor for the price.
Options Oscillator Insights
IVR (Implied Volatility Rank): 60.5.
Elevated IVR suggests a favorable environment for selling options, as implied volatility is higher than average.
IVx Avg: 72.8.
Current implied volatility is above the norm, making strategies like credit spreads or iron condors appealing.
Call$/Put$ Ratio: 71.4% tilted toward calls.
Indicates bullish sentiment, with traders expecting upward movement or protection against missed upside.
Technical Setup
PLTR is consolidating between $70 and $75. A breakout above $75 could propel the stock toward $80, while a breakdown below $70 may test $68 or even $66. Traders should focus on price action at these levels to confirm direction.
Options Trading Strategy:
Bullish Play:
Buy PLTR Dec 15, 2024, $75 Calls if price breaks and holds above $75. Target: $80; Stop: $72.
Neutral Play:
Sell PLTR Dec 15, 2024, $75 Calls and buy $78 Calls (credit spread) if price consolidates below $75. This takes advantage of elevated IVR.
Bearish Play:
Buy PLTR Dec 15, 2024, $70 Puts if price falls below $70 with increased volume. Target: $68; Stop: $72.
***Reminder: Always check the real-time IVR and IVx during the trading session before entering a trade. These levels provide dynamic updates that enhance decision-making accuracy.
Conclusion
PLTR is showing signs of consolidation, with $70 and $75 acting as pivotal levels for the next move. Elevated IVR suggests profitable opportunities for options traders, especially with strategies aligned to the direction of the breakout or breakdown. Monitor GEX and Oscillator levels closely for confirmation.
Disclaimer: This analysis is for educational purposes only.
PLTR"Please provide meaningful walkthrough of your thought process"
Uhhhhh
Voices?
Jk :)
This is just my thinkers
Due to the harmonic nature of earth
I declare a bitter sweet symphony
Leading into "Sweet Harmony" - Liquid
We pump it like we dump it
We pump it like we dump it
PLTR: Navigating Gamma Levels for Next Moves – Key Insights!Gamma Exposure (GEX) Levels and Price Action:
1. Key Levels Identified:
* Highest Positive NETGEX (Call Resistance): $80
* This is the most significant resistance level where price may struggle to break due to gamma positioning.
* 2nd Call Wall: $75
* A critical intermediate resistance level that will act as a test for bullish momentum.
* HVL (Hedging Volatility Level): $69
* This level serves as a potential support where hedging activities may stabilize the price.
* PUT Walls:
* 1st PUT Wall: $67
* Immediate support with substantial gamma activity suggesting strong buyer presence.
* 3rd PUT Wall: $62
* A deeper support zone where significant buying interest is likely if the price falls sharply.
2. Price Action:
* PLTR is currently trading around $71.35, near the HVL level. Consolidation around this area indicates gamma-driven hedging activities are influencing price stability.
Technical Indicators Analysis:
1. MACD:
* Slight bearish momentum with a negative crossover. If this trend continues, it may push the price toward the $69-$67 range.
2. Stochastic RSI:
* Near oversold territory, signaling a possible bounce or consolidation around the HVL level ($69).
3. Trendlines:
* A descending trendline aligns with recent price action, suggesting resistance around the $75 level.
Options Strategy Plan:
1. Bullish Scenario:
* If PLTR holds $69 and pushes above $75:
* Call Option Entry: Strike price at $80, expiration 1-2 weeks.
* Target: $80 (next resistance level).
* Stop-Loss: $68.
2. Bearish Scenario:
* If PLTR breaks below $69:
* Put Option Entry: Strike price at $67, expiration 1-2 weeks.
* Target: $62 (next support level).
* Stop-Loss: $71.
3. Neutral Strategy:
* If PLTR consolidates between $69 and $75:
* Iron Condor Strategy:
* Sell a call at $80 and a put at $67.
* Buy a call at $85 and a put at $62 to cap risk.
Recommendation for Expiration Date:
* Short-Term Expiry (1-2 weeks): Optimal for quick movements around the identified gamma levels.
* Mid-Term Expiry (3-4 weeks): Provides flexibility if price action takes time to react to gamma positioning.
Summary of Gamma Insights:
* The $75 level serves as an intermediate resistance and a potential breakout point.
* The $69 HVL is a strong support, providing a buffer against downside momentum.
* A break below $69 could lead to a retest of $67, while sustained momentum above $75 could aim for $80.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct thorough research and consider risks before trading.
PLTR: Post-Drop Analysis – Rebound or Further Decline? Dec. 101. Fundamental Analysis
* Forward P/E Ratio: PLTR's forward P/E ratio stands at 43.5, reflecting a premium valuation relative to peers in the AI and data analytics sector. This indicates that investors are optimistic about future growth prospects.
* Expected EPS Growth: The company is expected to deliver an EPS growth rate of 32% YoY, driven by increased demand for its AI-driven analytics solutions.
* Expected Revenue Growth: Revenue growth is projected at 24% annually, highlighting strong adoption in both government and commercial sectors.
* Net Margins: Current net margins of 23% signal the company's ability to maintain profitability even while scaling operations.
* Fundamentals Rating: 8/10
* PLTR's robust growth trajectory and profitability make it a solid player in the technology sector. However, its high valuation could deter conservative investors.
2. Technical Analysis
Price Action Breakdown:
* Opening Action: PLTR opened lower today, following a sharp drop in the prior session after testing $82.70, a key resistance level.
* Support and Resistance Levels:
* Resistance: $73.50, with $82.70 as the major psychological barrier.
* Support: $67.32, followed by $64.
* Trendlines:
* PLTR is maintaining an upward channel, but the drop today tested the lower trendline of the channel.
Indicators:
* MACD: MACD is showing bearish momentum with a recent crossover below the signal line. However, the histogram suggests weakening bearish momentum.
* Moving Averages:
* The price is hovering near the 50-period MA, acting as support.
* A break below the 50-period MA could trigger further downside.
Liquidity Zones and Order Blocks:
* Liquidity Zone: Significant accumulation is seen between $67 and $72, with buying interest evident at these levels.
Scenarios:
1. Bullish Scenario:
* If PLTR holds above $72 and breaks above $73.50, it may retest $82.70, the prior high.
2. Bearish Scenario:
* A break below $67 could lead to further downside toward $64 or lower.
3. Trading Plan
Scalping Strategy:
* Entry Points:
* Long: Above $73.50 with targets at $75 and $77.
* Short: Below $72 with a target of $67.
* Stop Loss:
* Place stop-loss levels $1 above or below entry points.
Swing Trading Strategy:
* Bullish Outlook: Accumulate near $67-$72 if the stock holds above the trendline. Target $77 and $82.
* Bearish Outlook: If PLTR closes below $67, wait for further confirmation to short with a target of $64.
Risk Management:
* Use a 1:3 risk-reward ratio.
* Monitor volume and trendline support closely.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence before making trading decisions.
Palantir UpdateI have been going over this chart for a while now. Looking at the most recent price action, and the MACD, I have decided to alter my count slightly. It doesn't change any targets, but I believe this more accurately reflects the structure. I moved the wave (iii) & (iv) higher suggesting that the wave (iii) extended slightly. I primarily did this due to the MACD reading, and the strength we saw from 4-11 November. As mentioned above, this does not change any targets.
Looking at the recent price action, you can see price came $0.04 cents shy of the yellow $2.236 and then got rejected hard. We still cannot say with any kind of certainty that a top is in though. I wouldn't be surprised in the slightest if it was. The reality of the matter is, though, no key levels have been broken. Until price can get below $58.85, the upside is still intact. Thats almost a $15 correction from current levels. We do have more neg div as you can see on the MACD at the bottom, which is a start. We need this downward bias to continue though. Should price continue higher, I believe it will tag the 1.382 @ $94.03 or at least come very close. If the top is in, we would ideally be headed for the $43 region next, for the completion of wave 4.
PLTR free trade idea 5...except gareth, then it's a dollarYou ever wonder if an animal in the zoo is lucky it was taken...it may of been bullied by the others and now its like- influencer famous...
PLTR free trade idea 4The last time I saw a hummingbird...I thought, do they ever have a slow and long conversation on a branch one time
PLTR free trade idea 2Why ask Why...Try to learn How to ask Why, that will get you to the trade quicker
$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.
