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Palantir

Palantir - detailed technical analysis A few words about palantir: My point of view has changed a bit. A few weeks ago I mentioned a small bearish formation, but palantir invalidated it with a gap up island. This is a good sign of more upside pressure. The chart shows the first signs of a developing channel. May 11th is considered to be a trend change day. Since then, palantir has been running very cleanly with impulse structures. Wave 2 in white could be finished. Why? 1st indication: Wave 2 has already corrected very clearly and has bottomed out between 61.8% and 76.4%. 2nd indication: The lower trend line of the channel supports the assumption. Fibo + trendline represent a cluster. These are given special attention by the market. On the lower trend line, palantir 5 made very clear touches. 3. Indicator: After palantir bobbed around the lower trend line, there was a strong gap up. Since then, palantir has been running a little sideways and building strength. I see this formation as a bullish gap island. Bullish gap islands often do not appear alone. Rather, this will result in further gap-ups with corresponding gap islands. All of these indicators lead us to assume that palantir is on the way to intermediate high at 27.56. And this level is particularly important. All of the points I mentioned can be pulled back into bearish territory very quickly, provided that the high of wave 1 is not exceeded. In my opinion, this has to happen as quickly as possible - preferably with a further gap up. Then we can assume that we are in an ongoing wave 3. This would open up the following targets for us. - 35.06 - 37.54 - 39.03 That means we would leave the channel (to the upside!) If this is the case, however, we have to expect another pullback into the channel (wave 4). Then a wave 5 could occur - this would then correspond with a channel projection. That means in the next year we could see significantly different prices (40+). Important: The setup remains active as long as we stay in the channel. In addition, the market should make a first attack on 27.56! Channel projection & chart:
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by TizTrader
$PLTRPalantir stock was trading lower on Thursday but still holding the bullish tone established since a strong earnings report last week. It also doubled its free cash flow forecast from $150 million to $300 million and outlined strong details of new customers and revenue generation from existing customers. Interestingly, the company also disclosed that it had spent $50 million on gold bars as perhaps it seeks to combat inflationary pressures and invest its growing cash pool. The stock is comfortably above the 9-day MA, the RSI is trending higher in line with price and has also formed an ascending triangle on the daily. Keep this on your watchlist! - Factor Four
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by TheBlankFund
3
Palantir Technologies Inc. (PLTR) stock forecastPalantir Technologies Inc. (PLTR) is trying to pull back to a demand imbalance on the monthly timeframe located around $11.42 per share. Palantir stock price has been stalling and stagnating for a few months since last February 2021 after the stock surged to all-time highs at almost $45 per share. It’s likely that you’ve already heard the news that Palantir (PLTR) just reported a strong Q2 2021. It is a fact that there will probably be plenty of coverage of those results, including the tremendous growth and increased cash flow outlook. Do we really need to know about Palantir stock forecast by taking into consideration the second-quarter results?
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by AlfonsoMoreno
4
Palantir (PLTR) UpdatesI haven't talked about Palantir since March 2021, I was certainly expecting better performances, but I am staying absolutely long for the long term. The reasons why Palantir is a must-have stock are many and will be analyzed more carefully for the private group participants (stay tuned because there will be a special price at the launch), you just need to say that we are talking about one of the real big data giants. We speak of the present but also, indeed above all, of the future. After the March investment, the price broke the resistance of $ 21 after testing the level twice, but it did not "lose" enough to be able to make another entry that I would have made if the tightening had occurred until the area of ​​$ 12. After the break in May, the price quickly and strongly resumed the price of $ 21, and then touched the area of ​​$ 27 (corresponding to the 382 Fibonacci level, see chart). After a foreseeable retracement again in the $ 21 area, a very important level for the future, after the Earnings on August 12, positive with a surprise of 13%, PLTR opened in the Gap and then basically remained stationary on Friday 13. The uptrend may have started, we are on the "C" leg of the more classic ABCD pattern. The key level that needs to be broken to the upside for Palantir to be sure to be in an uptrend is $ 27.52. PLTR is part of my long-term portfolio, in August I don't usually trade with a few-day swing because the volumes are low and the American indices are at all-time highs. It is reasonable to expect a pull-back in the short term, something will certainly happen when the Fed changes its interest rate policy. Consequently, the new levels where you can enter or add size to the position are $ 21 and the "new" $ 17 marked in May. The targets for those who instead moved with short time horizons: 27.52 $ 34 $ 45 $ (where I too would take home some profit) DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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by LazyBull5
PLTR: Good QR! More upside in upcoming weeksTechnically, PLTR is in an uptrend now with registered higher high and higher low. The good quarterly report today pushed price up to an intermediate resistance. Might see a pullback to close the gap, but that could mean better entry for us. Target profit 1 set at $27 i.e. next resistance. Will observe price action again to see if target profit 2 ($31 area) is a good target. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
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by leslieyimsm
3
Serving Technicals Up On A PLTRSo I plotted this fib retracement a while ago using all highs and lows since IPO. I also plotted out a trend line that seems to have been an interesting level between the 618 and 50 fib levels. Today's update included an extension of that trendline (in dotted orange). The interesting part of it all is that this remains a key level on the chart and is almost exactly where PLTR was denied after this epic gap-up. Now that it has reclaimed some ground, eyes are on this current resistance to turn support (for longs) as well as the 50 fib level if or when it establishes a new support "up here". With tech flip-flopping, it will be interesting to see how PLTR reacts after 8/12's session. "One of the best performing industries over the past few months has been in tech stocks. The landscape has drastically changed thanks to the pandemic. Many companies have shifted their tech strategy to move more things online and to a virtual platform... One of the best performing industries over the past few months has been in tech stocks. The landscape has drastically changed thanks to the pandemic. Many companies have shifted their tech strategy to move more things online and to a virtual platform." Quote & Learn More: Top Tech Penny Stocks To Watch For August 2021
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by PennyStocks101
PALANTIR UPDATEPalantir is not really moving. At the moment it looks more like a small downtrend continuation. Here you can also see a potential bearish wolfe wave with an evolving 5. If this wolfe is activated, we could create a new low between 19.40 and 16.52. Only when we exceed 24.91 - 25.33 we can speak of an invalidation of the bearish formation. So the question is whether we will build a new low in the higher-level wave II or not. At the moment it is still difficult to say. So don't go all in and invest only a part;)
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by TizTrader
1
Palantir - rising off support towards resistance or back to low?This is an update of the Palantir stock chart posted on Apr 10, 2021. PLTR has made a first higher high (4H) and MACD is positive. Ichimoku is narrowing, which is a good sign that the price is reversing from its downtrend. For a more conservative viewpoint, waiting for the MA's to cross on the daily would be confirmation of a sustained up trend. Break of the lower support invalidates the bullish scenario and could mean that PLTR revisits the march 2021 lows. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
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by BradtNom
Palantir - Long ideaOverview Looking to take a long on PLTR. Price went under the support area (lower green line) and reclaimed it. We have also a nice confluence with the 50% Fib level there. I plan to go long when the support line is hit again. Target is the upper green line where we also can see a gap. If Stop- Loss should be hit, i plan to open another long at the 61% Fib with the same target. Dont forget: - Watch your Risk management - DYOR (Do-Your-Own-Research) Please consider: This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor. Thanks for reading! trader_se
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by UnknownUnicorn1541497
PLTR - At critical levelPalantir is at a critical support level. Join the Fractals (shown in yellow) ~ $21.3. In order for it to gain price again, Palantir has to break through $22.25. Otherwise, we might be seeing Palantir touching $18-$17 in the coming days (maybe in 6-8 days). Hope this analysis was useful to you! IfPlease do consider subscribing and liking my work. This helps me stay motivated. For any questions or comments, do let me know! -- For educational purposes only. Do your own research before making investment decisions.
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by v4runs
$PLTR - Two possible pathsHere is a bullish and bearish count for PLTR. Please note that at this time, my bias is towards the bullish count. The main question is whether we have hit the cycle 2 bottom at 17.06 or not. If that May 11 low was the bottom, then we are within primary wave 3 of cycle 3. This would be the most bullish place where we can expect the biggest gains. If that $17.06 on may 11 was not the low but just wave A of a very large 5-3-5 zigzag, that makes the June 28 $27.50 high the wave B top, and we are gonna continue down for wave C around $10 near IPO prices. $17 is the key level to watch. Below 17, we would invalidate the bullish thesis by having a close under the wave W close. However this would also mean that cycle wave 2 would retrace more then 78.6% of cycle wave 1 which seems excessive at this stage. This is why i am leaning bullish at these levels (the daily RSI is also at oversold levels). Under $18 i'd get weary and under $17 i would cut my losses and wait to see how price plays out. The best strategy here in my opinion is leaps for $35 and $40 strikes as IV is low right now and you could buy lots of time for fairly cheap premium. You could also buy $24-$26 OTM calls with a tighter stop at around $18 about 4-6 weeks out once we hit $20 in the next few days. Hope this plays out and pays out! Let me know what you guys think.
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by ir-rizzle
This point could change everything! 😲The 21.57 is the most important line for us here. If we close above it, then we’ll go up again. This would be very good, and PLTR is also in a support in the 4h chart: The 61.8 fibs retracement is holding us here, and the RSI is very oversold. Now we are about to fly again, but if PLTR breaks through the retracement, then it’ll drop below the 20. Maybe it’ll give us a good chance to trade, maybe not. We’ll see. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
1
PLTR: Complete analysis (H, D and W charts).Hello traders and investors! Let’s see how PLTR is doing today, and do a complete study in multiple time frames (H, D and W). First, in the 1h chart, the momentum is clearly bearish, and it is quite strong. We have two Breakaway Gaps, lower highs/lows, the 21 ema is pointing down and at any moment, we could close above it, since the beginning of the sell-off. We just hit the 21 ema to fall again. Yesterday we lost the short-term support at $ 22.35, and it seems we have nothing to hold us. We have to zoom out a little bit to see the bigger picture: When I’m lost, I like to use Fibonacci. Notice how PLTR is respecting the retracements, as it found a quick support at the 50%, bounced back up to the 38.2% and now it is dropping again. This tells me that there’s a good chance we’ll find a support at the 61.8% retracement now. Therefore, the daily chart suggests that we could drop more 2 or 3% and that’s fine. I don’t see PLTR crashing or any extreme scenario here, and I consider this a correction. If you look at the weekly chart, you’ll see that the last 3 candlesticks have very low volume. This tells us that PLTR is dropping due to the lack of momentum, instead of a real sell-off. Since PLTR went up more than 60% since May’s bottom to our target at $ 27, it is normal that it’ll correct, and the Fibonacci’s Retracements are here to guide us in the mid-term. If you liked this analysis, remember to support it, and follow me to keep in touch with my daily studies! Thank you very much!
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by Nathan_The_Finance_Hydra
39