PLTR | Palantir Technologies | 2 Towers and more | Buy
Updated
This is a follow up of Palantir after my last PLTR trade was closed some weeks ago.
The former ideas lead to 5 positions which resulted in (+94.21%, +90.81%, +63.10%, +41.22% and +28.84%).
If you want to check them out here are the links:
tradingview.com/chart/PLTR/T8w97obP-Palantir-Long-Saruman-wants-it-back/
( +90.81%)
(4 postions | +28.84%, +41,22%, +63.10%, +94.21%)
As the next report for earnings and revenue is tomorrow i expect some volatility kicking in. If take a look at past days they always caused some volatility. It is to note however that the kind of reports (positive or negative earnings) never gave a hint in which direction it would go only that some volatility was coming in.
Next thing to mention is the weakness of price, as it failed moving to the 50% of the Fib. See the red circle. A big sell- out followed that weakness.
There are currently 2 scenarios which i´m looking for.
Scenario 1 (Orange arrow)
Requirements: Price falling below S/R Level 2 and S/R Level 4 but retaking them after.
Target: Slightly below the 50% Fib, thats also the area where the last big sell-out started and caused the recent uptrend to stop. (+40.32%)
Entry: Retake and a daily close above
Stop- Loss: None (Long- term hold)
Invalidation: Price cant retake the mentioned levels or price never falls below it
Scenario 2 (Blue arrow)
Requirements: Price falls into buy zone 1
Target: Slightly below the 50% Fib, thats also the area where the last big sell-out started and caused the recent uptrend to stop. (+40.32%)
Entry: See Requirements
Stop- Loss: None (Long- term hold)
Invalidation: None (Long- term hold)
Good luck
Disclaimer:
- My posts are mostly for my own journaling
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
The former ideas lead to 5 positions which resulted in (+94.21%, +90.81%, +63.10%, +41.22% and +28.84%).
If you want to check them out here are the links:
tradingview.com/chart/PLTR/T8w97obP-Palantir-Long-Saruman-wants-it-back/
As the next report for earnings and revenue is tomorrow i expect some volatility kicking in. If take a look at past days they always caused some volatility. It is to note however that the kind of reports (positive or negative earnings) never gave a hint in which direction it would go only that some volatility was coming in.
Next thing to mention is the weakness of price, as it failed moving to the 50% of the Fib. See the red circle. A big sell- out followed that weakness.
There are currently 2 scenarios which i´m looking for.
Scenario 1 (Orange arrow)
Requirements: Price falling below S/R Level 2 and S/R Level 4 but retaking them after.
Target: Slightly below the 50% Fib, thats also the area where the last big sell-out started and caused the recent uptrend to stop. (+40.32%)
Entry: Retake and a daily close above
Stop- Loss: None (Long- term hold)
Invalidation: Price cant retake the mentioned levels or price never falls below it
Scenario 2 (Blue arrow)
Requirements: Price falls into buy zone 1
Target: Slightly below the 50% Fib, thats also the area where the last big sell-out started and caused the recent uptrend to stop. (+40.32%)
Entry: See Requirements
Stop- Loss: None (Long- term hold)
Invalidation: None (Long- term hold)
Good luck
Disclaimer:
- My posts are mostly for my own journaling
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
Note
Well PLTR knows no chill ;). As assumed volatility kicked in on Earning and revenue reporting day.
Related publications
Disclaimer
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