Palantir Technologies and a strong look into its FundamentalsNYSE:PLTR is one of the most popular stocks of the last 2 years , and not for no reason being a high revenue growth stock "16.8% Growth Rate" , My personal problem with the stock lays with the valuation holding a PE Ratio of 201x, and a forward PE Ratio of 172.5x, a 20.1x Price to Books Ratio, and a 32.8x Price to Sales (Revenue) Ratio. an interesting Return on Equity of 10% , A Return on Assets of 4.6% , And an Return on Capital Employed of 6.7% , with Net margins of 16.3%. Being Completely "Debt" free according to there Balance Sheet
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Valuation:
PE Ratio: 201x
Forward PE Ratio: 172.5x
Price to Sales: 32.8x
Price to Books Ratio: 20.1x
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Balance Sheet:
Cash: US$4.00b
Debt: US$0
Equity: US$4.14b
Total Liabilities: US$1.05b
Total Assets: US$5.19b
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Strengths and Weaknesses:
The Valuation to me personally is a weakness, however the Balance sheet is a Strength in my view. I think based on the price I currently would wait to add this one to my own portfolio however all investors and traders are different.
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Disclaimer: I am not a financial advisor and in no way am I signaling a sell, buy, or hold opinion on this stock (Palantir Technologies) I am just giving my personal opinion as a hobby trader, I have no certifications and I am not a financial analyst, I also may be wrong about how I feel about the stock. I want you to do plenty more research on this and the stocks you are interested in because the stock market always holds a lot of risk that may pose different risks and overall be different for each investor and trader. Please do not make opinions based on this idea or any idea. Please be careful! this post is only for conversation.
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Idea:
Overbought
I have Shorted XAU GBP:
It looks overbought to me across all of the intraday timeframes.
This is a tight stop loss. Just above the new high.
Risk 0.25% Total Capital as its higher risk but potentially big RR
Sell XAU GBP 1960 to 1962
SL: 1966.10
ARB/USDT 15m / D BB & FVG / ELLIOT / LIQUIDATIONS / FIBOAccording to higher timeframes, the market sentiment is bullish. We are moving within an ascending channel with the potential to rise to 0.7416. To increase the probability of this outcome, the price needs to establish itself above the ascending channel.
Locally, within the range of the daily breaker block (D BB) and the daily imbalance (D FVG), three potential entry points are visible:
1. Liquidity grab (Sellside liquidity)
2. 0.5 Fibo
3. 0.618 Fibo / bottom of the ascending channel
4. The target is the local high, which is at the midline of the channel.
Locally, based on the EFIATR oscillator, volume, and liquidation levels, there is a likelihood of growth. According to Elliott Wave theory, a 5-wave pattern and an ABC correction in the 4th wave are visible, which further increases the probability of upward movement.
Here’s a warning for latecomers to the EUR/USD rallyEUR/USD has surged to highs not seen since July 2023. However, such has been the rush to buy since the start of August, it’s now sitting at extremely overbought levels on RSI (14) on the daily.
That should be a worry for late-to-the-party longs considering that outside the early stages of the pandemic, whenever EUR/USD has been this overbought, it’s coincided with some form of near-term top. Some have been small reversals, other considerably larger.
While that doesn’t guarantee another reversal on this occasion, it is a warning to those chasing the pair higher ahead in anticipation of Fed rate cuts. They were priced in long ago with the magnitude of expected easing not really changing over the past fortnight even as the dollar sank. The move comes across as technically driven, potentially making the signal from RSI more significant.
If we were to see a EUR/USD reversal, 1.1140, 1.10452 and 1.0948 are downside levels to note. Should the signal from RSI prove to be false, a continuation of the rally would likely target a push towards 1.12760, the high set in July last year. Watch for a topping pattern to strengthen the conviction of the trade. That’s not arrived yet on the daily timeframe.
DS
$AUDCAD | Sell Trade | Market Exec | Technical Confluences:
- Price actions are now at Stochastic Overbought conditions in Daily, H4 and H1
- Price action is at the 78% Fibo retracement levels which also coincides with a Interest Zone
Fundamental Confluences:
- Both currencies are considered as commodity currencies and both currencies require strong commodity prices to prosper and it all comes down to growth
- Australia's growth is more concentrated on China's outlook and Canada's very US-centric still.
- We are still not seeing much growth momentum in the China space and with US-side having a soft landing possibility, Canada's prospects should be better at the moment
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Will be taking a position into a sell OANDA:AUDCAD position.
Targeting to TP approximately half the position at the 50% Fibo Extension levels (in blue) and move my SL levels to B/E. It will depend on how the price action is at the 50% Fibo's Interest Zone.
This trade will be the battle of the Interest Zones.
Full TP are the 61%/78% Fibo Extension levels.
Remember, DYOR.
NZDCAD - OverBought Territory... Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDCAD has been overall bullish , trading within the rising channel in blue.
Currently, NZDCAD is approaching the upper bound of the channel.
Moreover, the zone marked in red is a massive supply zone.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the supply zone and upper blue trendline acting as non-horizontal resistance.
📚 As per my trading style:
As #NZDCAD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD showing weakness in early Oceania trade in NZ Monday.
An hour into trading of the New Zealand Oceania & Asian session, the week opener, EURUSD is already showing weakness. I see a good short trade here across the Asian session and possibly running into European & New York session.
On the flip-side, there is also weakness in the USD, see my recent chart on USDX. However, I don't see this real weakness playing out in the USD until mid-week or perhaps Tuesday. USDX is under it's moving averages on the daily timeframe, last Thursday it retreated harshly following a bullish Heads 'n' Shoulders pattern on the 1HR chart.
Cheers,
Chris
GBPJPYif price showed any sign of rejection or retracement at this level I will be bearish for the rest of the day
I believe price is over bought for the day, we will wait for for confirmation to sell
GBPCAD - Overbought Zone AheadHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPCAD has been overall bullish from a long-term perspective, trading within the rising channel in red.
Currently, GBPCAD is approaching the upper bound of the channel.
Moreover, it is also approaching the upper bound of the medium-term channel marked in blue.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red/blue trendlines acting as non-horizontal resistance.
📚 As per my trading style:
As #GBPCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Potential Buy OrderSummary
The analysis reveals an upward trend in the exchange rate. The recent drop was expected due to overbought conditions, with prices now recovering towards the resistance level at 163.25. The Fibonacci analysis indicates significant support levels at 157.35, while resistance is identified at 162.00. Technical indicators suggest that it is too early to place safe buy orders.
Trend Determination
The direction of the exchange rate in recent times is depicted by the primary upward trend channel that has formed, with price movements occurring in the middle zone. The channel's range is approximately 1200 pips, with the price distance from the upper resistance limit being 600 pips and from the lower limit 600 pips.
In a shorter time frame, a secondary upward trend channel is observed. The price trajectory is upward, with movements recorded in the lower zone of the trend channel. The secondary channel's range is 525 pips, with the price distance from the upper resistance limit being 485 pips and from the lower limit 40 pips.
The recent drop in the exchange rate was expected as prices had reached overbought levels. This increases the likelihood of the price moving higher. The first resistance level is set at 163.25, and the support level is at 152.60.
Fibonacci Support and Resistance Levels
Fibonacci Retracement
The Fibonacci Retracement analysis shows that the recent downtrend was a corrective move. Specifically, the exchange rate halted at 157.35 and is now moving upwards. This point is a significant support level, and its potential breach could start a downward trajectory. Additional support levels are observed at 156.20 and lower at 154.74.
Currently, there is no clear confirmation for future price rises, as movements between 157.35 and 158.96 make drawing conclusions difficult. Placing trades while the exchange rate moves within these prices carries very high risk. Safer trading positions appear to be above 159.96 for buy orders and below 156.20 for sell orders.
Fibonacci Expansion
Additional resistance levels, using Fibonacci Expansion, are identified at 159.96, 162.00, and 164.34 – 163.63. The latter, as shown in the chart, might be a significant resistance level, as two resistance levels from different Fibonacci Expansions converge.
Technical Indicator Analysis
Moving Averages
Currently, the exchange rate prices are between the moving averages. This indicates that it is still too early to place buy orders.
MACD
The MACD is moving positively in a downward direction. The divergence observed between the exchange rate prices and the MACD results was confirmed by the recent corrective downtrend. At present, the indicator's results do not support placing a buy order.
Future Movement Scenarios
Scenario A
The first scenario concerns the potential upward movement of prices. Confirmation of this scenario comes from two factors. The first is the upward breakout of the moving average from the price. The second is the exchange rate moving above 159.96. The first resistance level is at 163.25, followed by 164.34. The reversal point is placed relatively lower at 157.35.
Stance: Neutral | Outlook: BUY | Risk for placing orders: Moderate
Entry Point: > 160.00 | Target: 163.25 | Down Limit: 157.35
Scenario B
The possibility of a continued downtrend can occur if the exchange rate moves below 156.20. In this case, the trajectory needs to be reassessed.
AAPL Signals Short Term DropOf the 71 times AAPL triggers a sell on my RSI indicator (the magenta arrow at the bottom of the chart), the stock drops 97.143% of the time in the following 25 trading days. During 37% of the successful drops, the stock moves upward for 1-4 more days after the signal occurs in what I call the delay period.
What qualifies as a successful drop? The sell signal was triggered based on the closing price of AAPL stock on July 10, 2024 at 232.98. This means 97% of the time the stock will move below this closing price in the near-term. 2.85% of the time, the stock does not drop below this price over the following 25 trading days. The stock has always dropped below the signal closing price by at least 0.266% over the next 100 trading days.
On the chart above, the red boxes at the top are the delay zones of interest. The larger red box contains 100% of all delayed movement. The smaller box contains the stock's top or peak of the delay for 50% of the occasions. The same holds true for the two large green target boxes on the bottom. The final downward movement bottoms in the smaller green box 50% of the time, while the much larger green box contains bottoms or valleys for all downward movement.
This delay period of potential continued upward movement has historically had a maximum 3% gain before the stock eventually dropped. Regarding the bottom of the drop. Over the next 25 bars, it can occur on any day in the range with the median bottom occurring by day 8. 75% of the bottoms have occurred before day 18. The stock drops a minim of 0.266%, and median of 5.021%. 25% of the bottoms are no lower than 2.152%, while 75% of the drops are 8.3% or less.
The four shallowest drops over the next 25 days have been 0.266% (September 2010), 0.312% (February 2017), 0.827% (March 2019), and, 0.868% (August 2020) while the four deepest drops have been 63.23% (August 2000), 26.58% (December 1999), 26.51% (January 2006), and 24.80% (September 1999). The most recent double-digit percentage drop was 15% in April 2019. All shallow drops occurred in the most recent strong bull market, while the largest drops were part of the dot-com bubble burst.
While this current potential drop will likely avoid the sharper end of sell-offs, it is always interesting to see the strength and accuracy of signals. Historical movement is not indicative of future movement, but it is good to have as a data point.
AUD-JPY Massive Resistance Ahead! Sell!
Hello,Traders!
AUD-JPY is trading in an
Uptrend as the Yen keeps
Weakening, but the pair
Will soon hit a massive
Horizontal resistance level
Around 107.983 and as the
Pair is overbought we will
Be expecting a local
Bearish correction
Sell!
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USDJPY - Bearish => Bullish => Bearish?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per my last two analysis (attached on the chart), USDJPY rejected the $160 resistance and traded lower, then rejected the lower trendlines and traded higher.
What's next?
USDJPY has been trading within a medium-term rising channel marked in orange. And currently, it is hovering around the upper bound of the channel.
Moreover, it is retesting the $160 resistance level again.
🏹 Thus, it is a strong area to look for sell setups as it is the intersection of the green resistance and upper orange trendline acting as a non-horizontal resistance.
📚 As per my trading style:
I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCHF | Short D1 | Market Exec | Building Momentum for Risk OffTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair.
- Price action is close to multiple Supply zones
- Price action is close to multiple Resistance Trendlines as well
- Targeting the 50% Fibo retracement for this trade
Fundamental Confluences for Trade:
- There seems to be some disconnect between asset classes and with everyone already so 'risk-on', the risk-off build up momentum is ripe for the taking.
Suggested Trade:
Entry @ Area of Interest 0.9830 - 0.9870
SL @ 0.9942
TP 1 @ 0.9720 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.9598
Risk-to-Reward @ Approx. 2.59 (Depending on Entry Level)
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
SELL PNB spot cmp 133 target 110 SL 139Technically, there is a distribution going on and sign of exhaustion in strong rally. Multiple times the stock face correction from higher level and then later on it only managed to cross the previous high by some margin to fall again. This means big players selling their delivery. Fundamentally, its already overvalued with high PE and fairly valued Price to Book. So combined analysis says that it can fall to 110 levels soon with any support from market fall.
Gold ShortOANDA:XAUUSD
Gold has retraced 61.8% from the recent low, and indicators show that gold is overbought and a new peak has formed. During the retracement, gold moved almost in one steep impulse, which usually couldn't be sustained for long and followed by an abrupt decline. All this presents a good opportunity to sell gold with targets around the major demand zone.
AUDCAD - Already Over-Bought 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 AUDCAD has been overall bullish, trading within the rising wedge in red.
At present, AUDCAD is approaching the upper bound of the wedge pattern acting as an over-bought zone.
Moreover, it is retesting a strong resistance zone in blue.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
📚 As per my trading style:
As #AUDCAD is hovering around the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCAD | Short H4 | Market Exe | Loonie to Ride the GreenbackTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H1 & H4 time-frame
- Price action is at a Supply Zone area
- Price action may reverse towards the ascending support Trendline
- Targeting the 38.2% Fibo retracement
Suggested Trade:
Entry @ Area of Interest 1.3760 - 1.3800
SL @ 1.3854
TP 1 @ 1.3697 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.3611
Risk-to-Reward @ Approx. 2.12 (Depending on Entry Level)
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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BNBUST | Short H4 | Market Exec |Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action is close to a Resistance Trendline & a Consolidation are
- Price action may reverse back towards the previous Demand Zone
Suggested Trade:
Entry @ Area of Interest 560 - 570
SL @ 580.66
TP 1 @ 552 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 535.15
Risk-to-Reward @ Approx. 2.18 (Depending on Entry Level)
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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AUD-CAD Locally Overbought! sell!
Hello,Traders!
AUD-CAD made a strong
Move up and the pair has
Almost reached a horizontal
Resistance of 0.9066 so
As the pair is overbought
We will be expecting
A local bearish correction
Sell!
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Check out other forecasts below too!
EURNZD | Short H1 | Market Exe |Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action reversed away from Supply area
- Price action may reverse back towards Resistance Trendline and 61.8% Fibo Retracement
Suggested Trade:
Entry @ Area of Interest 1.8100 - 1.8110
SL @ 1.8156
TP 1 @ 1.8057 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.8009
Risk-to-Reward @ Approx. 2.03 (Depending on Entry Level)
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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EURCHF | Short H1 | Market Exec | Taking a Safe Haven TradeTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 & D1 time-frame
- Price action is at a Consolidation/Supply area
- Price action may reverse towards the lower Consolidation/Demand area
Suggested Trade:
Entry @ Area of Interest 0.9815 -0.9835
SL @ 0.9879
TP 1 @ 0.9767 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.9707
Risk-to-Reward @ Approx. 2.00 (Depending on Entry Level)
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
EURGBP | MT Short H4 | Betting Against the EURPair: OANDA:EURGBP
Timeframe: H4 - Medium Term (MT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frames
- Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone)
- Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone.
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the FX:AUDNZD . Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 0.8590 - 0.8620
SL @ 0.8643
TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8522
Risk-to-Reward @ Approx. 2.22 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
