Not a bull trap if the retest is successful, we should see a quick move to $460
We have certainly over extended (I'm proud to say as a PLTR investor who has remained in the stock since IPO). Let us be reasonable in the short term, and look forward to a potential correction/buying opportunity. If you're long but have been hesitant about acquiring some shares, we all may have the opportunity to load up. Now that $45 has been breached, there...
After a 4 year long corrective phase, we had a clear impulse move upward which signalled a clear break out, and perfectly executing the 1 618x fib extension. It's possible we see a pull back from here as 2024 comes to a close. Final profit taking measures perhaps? At any rate, look for supports on the way down for your buy signals. If we breach below 400, we...
First stop is 458 based on first 1.61 Fib extension. However I believe bullish sentiment will continue prior to inauguration to the next level at 650 prior to wave 4. Not trading advise but wave 3 is typically the longest and strongest.
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...
We're looking at an Expanded Flat correction in Wave 2, with Wave C forming a Complex Corrective ABCDE triangle pattern After breaking down from the triangle pattern, Wave C is likely to terminate near major support levels (~$7.50-$6). Implications for Wave (3): Once Wave (2) concludes, a powerful impulsive Wave (3) is expected, with targets...
Strictly off a long term investor perspective, and not a trade idea. I buy companies I know will be successful in the future... And do technical analysis for fun. We are entering in the final 5th leg of an impulse wave with a clear break on the monthly timeline out of the bull wedge pattern that has lasted 4+ years (e.g. "corrective wave 4") If you wanted an...
gap fill incoming Bullish Technical sentiment: - Potentially forming a cup and handle. - Within and rising wedge Fundamental Sentiment; - Expanding from battery safety into nuclear energy safety products - Obtained contract with US Navy (notoriously very difficult to acquire), among others Good luck all.
Legging up one more time... Some bullish divergence on the 4 hour. Decreased selling volume. 78 would be 423.6% of the 3 wave we're currently in.
We're just getting started. Based on wave theory we're technically on wave 3 of our impulse moves (which is always the strongest). We may reach 68 or even 78-80 for a 423.6% extension before correction wave 4. From there, I believe 2025 will continue to be a bullish year and the final wave 5 will take us to further heights, at least to 120-140 The thesis for...
Working our way up to a resistance line that has never been broken. Are we entering a new age of AI and abundance? Or not yet? Or not at all?
In this bearish divergence signal - it shows the price making an equal high while the oscillator makes a lower high. This signals less buy side pressure. Simultaneously were hitting a long term resistance at this point. Price may want to come down and retest bottom of the rising wedge we find ourselves in. From that point, another analysis is needed.
PLTR is on a tear officially breaking out of rising wedge (with a retest!) Get ready for new all time highs palantarians. Comment below with your cost average and why you think we can go past 45?
40 dollars is so close and also I think that's where we're heading in the short term. I do however think that the market has been pricing in rate cuts for September. They're satisfied and could possibly begin to take their profits. Time will tell. This is short term correctional sentiment but the market is still very strong and I think we have another year+ in...
$515 -520 is not out of the question. At this stage we'll have made just about 10% correction. Technically, it's possible to continue but I think this market overall is strong, and we may likely continue with the overall trend upward. I'd consider compiling your favorite companies and preparing buy orders. Best of luck!
Short term turbulence for the month of September. Today was the worst first week of September in a long time. Sign of sentiment to come, in the short term, perhaps? Happy Friday
If there was ever a time to get your positions in before a serious rally, go ahead and prepare yourselves. Based on current projections, it looks as though we have the ability to enter into a final impulse wave. If Tesla executes on a fundamental basis, I do believe there's no stopping it. We are in the final move of our corrective phase, and coiling. Don't try...
Disney will be the last to stop this terrible ideology, and therefore the breakdown will be prolonged. Nevertheless, $45 here we come .