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PLTR: Bullish signs at different time frames!Hello traders and investors! Let’s study PLTR today! It seems we have a Symmetrical Triangle chart pattern on PLTR, hourly chart, and most of the time, this is a continuation pattern, meaning, the odds favor the bulls here. But more important than the Triangle, is the support at the pink line, as if PLTR loses it, it could drop to $ 23, or even $ 21 again. It wouldn’t be easy, but it is a remote possibility . The most frustrating scenario for the short-term would be if PLTR does a sideways breakout of this Triangle, because it would ruin the pattern, and PLTR would have no clear short-term trend. But even so, the odds favor the bulls, especially if we look at the daily chart: The Triangle pattern in the hourly chart is a Pennant chart pattern in the daily chart, and the volume decreased during the Pennant, which is a clear indicator that we have no sell-off here, but people waiting for a pullback to buy it at a cheaper price. I find it very hard for PLTR to retest the Morning Star’s low, but if it loses the pink line, it could retest the 21 ema, and this would be a great opportunity. Let’s follow PLTR closely from now on and remember to follow me to keep in touch with my studies! And please, support this idea if you liked it! Thank you very much.
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by Nathan_The_Finance_Hydra
5
PLTR: Several bullish signs triggered. What's next?Hello traders and investors! Let’s study PLTR today! Ok, PLTR resumed the bull trend, as we expected it would in my last analysis, but today is doing another pullback . This is a natural movement, and PLTR could hit the 21 ema and this wouldn’t ruin the bull trend. In my last analysis (the link to it is below, if you missed) we discussed the several patterns that made PLTR rise this week. First, we had an Island Reversal pattern, second, PLTR defeated the purple trendline . This made the bear momentum weaker, but it wasn’t enough. The last catalyst was the pink line being defeated. These technical movements made PLTR engage in a bullish momentum again, at least for the short-term. Now, let’s look at the daily chart: The Island Reversal pattern in the hourly chart was a Morning Star candlestick pattern in the daily chart. This is curious. Also, remember that I said the volume wasn’t convincing me that we were going to see a sharper pullback? The black candlestick seen on Friday had a volume way lower than the white ones. This tells me that pullbacks aren’t real selloffs, but opportunities to buy, as you’ll take advantage of the market’s tiredness. Regardless if we’ll see any other pullback here, since PLTR engaged in a bull trend again, I think we can set out our next target at the ATH now. And if you liked this analysis, remember to f ollow me to keep in touch with my daily updates! And please, support this idea if it helped you in some way! Thank you very much for your attention.
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by Nathan_The_Finance_Hydra
6
TRENT - Three candles Bullish Reversal (Morning Star)- SwingThis analysis is done purely on basis of price action and chart patterns Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target Logic as well as the strategy for the trade setup is explained in the image itself. Pls note that this is not a trade recommendation. Do your own study before entering into any trade. Trade with your own risk & money management. Feel Free to comment for any query or suggestions Check out other reversal patterns in following ideas - (1) HDFC - Mother-Baby (Bullish-Harami) Pattern (2) VINATI ORGANICS - Morning Star Reversal Pattern.
NSE:TRENTLong
by AdityaKarn90
1
PLTR: Next challenges and TARGETS! Complete Analysis.Hello traders and investors! Let’s do a complete Multi Time Frame Analysis on Palantir today! Yes, PLTR defeated its first challenge in order to reverse the bearish momentum seen in the hourly chart: It defeated the purple trendline we discussed yesterday. Now, there are still some challenges, and we’ll talk about them here. And if you missed my previous analysis on PLTR, the link to it is below. The next challenge PLTR has to face is this pink line . If PLTR closes above this level, it’ll be another good sign that the trend is ready to resume. The other challenge is the 21 ema , which is flat right now (two days ago it was pointing down, so this is a good sign). If PLTR engages in a bull trend again, the next target would be the All Time High (ATH) again. Let’s see the daily chart: I find it good that the white candlesticks have higher volume than the average. This tells me that there is no real reason to panic here. And as long as this Morning Star keeps valid, PLTR will keep climbing, maybe slowly, but it will. The only thing that could get in PLTR’s way here would be if next week the gap of this Morning Star in the daily chart ( Island Reversal in the hourly chart) gets filled. This would be a sign of weakness of the buyers. So, we would have the bulls and the bears tired, and this would make the stock move erratically for some time. Now, you may be asking what the worst-case scenario for PLTR would be. I rarely use Fibonacci , but I would use it I the weekly chart to see how far it could drop: The $ 18 region is the 61.8% retracement. If we see a real sell-off here, that would be my target for PLTR, using Fibonacci. It looks like we have a Dark Cloud Cover candlestick pattern in the weekly chart as well, but it wasn’t triggered yet. Even if PLTR drops to the $ 18 again, I would see it as an opportunity to buy, because the trend is clearly bullish in the mid-term. Of course, this would be the worst-case scenario, and PLTR must trigger some patterns to make this happen, just like it has some challenges before it can resume the bull trend. The situation is quite complex, but looking at the technical points, I still see no reason to worry about PLTR. And remember to follow me to keep in touch with my daily analyses! And please, support this idea if you find it helpful. Have a great weekend. Thank you very much.
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by Nathan_The_Finance_Hydra
2
PLTR: Two Bullish signs that you must keep in mind!Hello traders and investors! Let’s study PLTR again today, as we have some interesting movements going on. First, it lost the pink line that we discussed in my last analysis, so the short-term bear trend persists, but I wasn’t convinced that this would reverse the bull trend seen in the daily chart. Palantir still must defeat the purple trendline and the 21 ema, which are offering some resistance to the price right now, but we have some good signs around. We have what looks like an Island Reversal chart pattern, which is a reversal pattern, and it could be what PLTR needs to resume the bull trend in the daily chart. Speaking of daily chart: If you are familiar with my trading approach, you know that I always do a Multi Time Frame Analysis , never looking at just one timeframe. Sometimes, an Island Reversal pattern can be another pattern in bigger timeframes, and in this particular case, what we have here is a candlestick pattern called Morning Star , which is also a reversal pattern. Since the trend is bullish in the daily chart, and we have two bullish patterns, it seems that we just had a pullback on PLTR, as we were already expecting. If PLTR closes above the pink line it’ll be a good sign. Of course, in my opinion, it is a little too soon to say that PLTR will engage again in the furious bull trend seen in the daily chart, but at least it is stopping falling, and this is a good start. What’s more, look at the volume of this Morning Star. This could be what PLTR needs to defeat the trend line in the hourly chart. And if this idea helped you, remember to follow me to keep in touch with my daily analyses, and please, support this idea! Thank you very much.
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by Nathan_The_Finance_Hydra
11
Hufvudstaden — Bullish: Morning Star, S/R Flip, and moreHufvudstaden AB is a Swedish, Large-Cap real estate company listed on Nasdaq Stockholm. BACKGROUND: - During the severe sell-off in February/March, price traded at approximately -50% at its lowest point, as mesaured from the previous all-time high. - Throughout summer, price traded in a falling wedge pattern, which eventually broke out to the upside. At this point, as demonstrated in the chart, we see a clear local resistance level at around 132, confirmed by a third rejection at that level in mid-September. - We are likely seeing a change in market structure, which started with the wedge-breakout in September. We have at least one higher high, and two higher lows, as indicated by the arrows. - The 132-resistance level was broken in an early-November rally, and that level has seemingly been re-tested and flipped as support. The case of a S/R flip is strengthened by the occurence of a Morning Star pattern, which has formed on the daily chart. PROJECTION: - With double local confluences, including a mid-term S/R-level flip and a Morning Star pattern, going long here could be profitable. - A safer play in the longer-term, however, would be to wait for a proper break of the 140- and 145-levels. 140 constitutes a local double-top from April, confluent with the 38,2% Fibbonaci retracement level from the Feb/March drop. - 145 is a long-term resistance level, when looking on a multi-month/year time period. Price ranged below that level during +2 years time (2016-2018). - Clearing both these levels would signal substantial room for upside continuation and price recovery.
OMXSTO:HUFV_ALong
by amg_nik
FB - mini Morning Star (uptrend intact)After a steep 62% pull back of the AB swing up, Facebook has since started to rebound followed by a relatively shallow 50% pullback of the recent CD swing up. We now have a mini (3 candle) Morning Star pattern that signal the uptrend is likely to continue. Go long as it breaks above yesterday's candle close @ 263.8 with initial stop @ 254 (a few ticks below the morning star's low) with a potential to rise back to the last high of 303. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
NASDAQ:METALong
by Juliac
📖 Japanese candlestick charts. Part 1We are beginning a new theme “Trading strategy’s most important technical analysis tools”. Today we are going to tell you about the most important things in trading, candlesticks! 📌Japanese candlestick charts were developed in the 17th-18th centuries by the Japanese rice traders. They were introduced to trading by Steve Nison in the 20th century. It's a simple, but very important tool for technical analysis, as these candlesticks contain different information about the market. I guess that everyone in this channel already knows how to read candlesticks, so we are going to talk about their usage. ⚡️First — its form, this shows market participants’ state and mood. It could show their doubts/balance (doji) or trend exhaustion (graph looks like a hammer or a falling star). There are only a few main models, and we are going to talk about them in the future. However, you can start learning about them yourself by saving the screenshot below. ⚡️Candlesticks show reversals and it is what we need in trading. By trading reversals you are catching the trend, it could be short or long. However, you will be able to understand when the trend is exhausting and you will be able to leave trade when there is a reversal. In addition to the presence of the reversal pattern itself, the preceding trend is important, you have to have at least 3 candles. If there isn’t a clear trend, then there is no trade. Additionally, we are looking at the candlesticks’ volumes and how trading continues after the last reversal pattern. We are entering position not on the reversal candlesticks, but on the following ones after the trade (or candlestick above/below fixation, depending on a situation)! Reversal setup is a needed factor, but it's not enough to enter a trade. 📌 And these are not all of the necessary conditions for implementation! You have to understand that you are getting rid of risky positions that not only will give you headache but could also result in losses. You should only trade in situations where you are confident in, the confidence is achieved by fulfilling very certain conditions, of which only few people in the market know about. Continued in part 2.
Education
by I.T.Analytics
24
DOCU - Bullish morning starAfter a rather steep correction, DOCU's signal to long is triggered today: a bullish divergence as well as a morning star (3 candlesticks) formation. I went long as soon as it surpasses the 1st morning star candlestick's body @ 197 with initial stop @ 192 (below today's candle low). Planning to scale out partially @ 215 and then around 229 or trail stops upwards as the trade goes our way. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
NASDAQ:DOCULong
by Juliac
Cyber Security has become essential for all"Because of the rise of remote working, cyberattacks have grown exponentially in recent months, with the FBI reporting a 400% increase in complaints in April versus March, as attackers hope to expose weaknesses in an organization's business continuity strategy" Fundamental difference between some of the biggest cyber-security companies: CrowdStrike's (CRWD) endpoint protection uses resource-friendly security agents to inform its crowdsourced cloud about any potential threat anomalies. All customers are protected based on a single threat found, and its technology is supported by having renowned threat remediation and hunting capabilities. OKTA disrupted the identity access and management market with its cloud-based technology that has a large number of application integrations that make controlling who has access to what much simpler for security teams. In a perimeterless security world, the importance of identity is becoming paramount. Zscaler's (ZS) secure web gateways delivered via its cloud locations provide customers a safe route to cloudbased resources. Branch and remote users can go directly to their applications instead of going through a centralized data center, decreasing lag for the end user and alleviating traffic bottlenecks for IT teams. Palo Alto Networks (PANW) is an attractive option for investors. In our view, its cloud transition springboarding growth off its firewall leadership, upselling and cross-selling prospects via its security platform, and strong cash flow and balance sheet are being overlooked for the pure cloud-based companies.
NASDAQ:ZS
by dorfmanmaster
MOBL is in an ASCENDING TRIANGLE! Hello Traders MOBL stock price seems to be trapped in an ASCENDING TRIANGLE. As you can see the RSI 14 is not overbought so there’s a good range for the price to still go up. The MACD shows that the bullish momentum is becoming weaker, but I am confident that after the price touches the support line it will become stronger and the price will have an uptrend. Going Long with a MORNING STAR is a good opportunity! Remember to put a stop loss in order to secure your capital! Not a financial advice.
MLong
by vf_investment
XRP Weekly AnalysisXRP on the weekly chart is still in an overall downtrend but it’s showing bullish signs. Currently trading just around it’s 20ema, also it’s point of control YTD as seen on the volume profile . If we can close above this with above average volume (+104.655M), we can expect more bullish sentiment to follow. I’d be looking to see a brief some resistance around the downward trending tend line and high volume node before resistance around the 50ema Other bullish signs: XRP is forming a morning star pattern bouncing off its value area on the volume profile and an upward trending trend line . Bullish engulfing bar trading the most volume since the week of April 27th (141.894M) which was at the top of its last mini bull cycle before the last pullback which is now over if we use this weeks bullish engulfing bar as confirmation after last weeks doji . Price Volume Trend is spiking upwards. Thoughts welcome :)
KRAKEN:XRPUSDLong
by MoxieTrading