We aren't going to 26... We are going to 30! 😲Hey, guys! Yes, PLTR can break the 26 target and hit the 30s next! It’ll all depend on how it’ll deal with this pivot at 25.55 in the 30min.
If breaks this point, I believe it’ll break our target at 26s, and the 4h chart shows a similar idea:
The pivot at 25.55 is also a trigger point for the hammer seen today (black arrow). PLTR did this pattern in a support area, and this is a nice buy sign. We just have to be careful with this red line, tho.
This will make PLTR gain momentum again, and the 30s is the next stop for us! Let’s watch this pivot!
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Palantir
PLTR - CRAB Harmonic Pattern TP-1: OK, Next ? TP-2As Crab harmonic pattern rules, D point (BC Fibo Ext 261.8%-) was point to take an appropriate long position.
TP-1 = 25,09 (CD Fibo 38.2% ) - Taken.
TP-2 = 30,48 (CD Fibo 61.8%) / %19 profit if the stock maybe goes up
Crab Harmonic Patterns rules
B Point = Crab pattern begins with an impulse leg / XA Fibo =38.2% <78.6%
C Point = AB Fibo 38.2% - 88.6%
D Point= BC Fibo Ext 261.8%- 361.8%
Is it still going to the $26? Yes! 👍PLTR almost hit our target at 26, and I still think it’ll hit there, but we have a correction first.
The RSI was too overbought this morning, so, that was expected. Now the 25.04 is a breakpoint for us, and if PLTR loses it, the advanced breakdown on the RSI will confirm.
This could make PLTR drop to the 24.60 area in the 4h chart.
We have the 20ma and the red line as supports, but the BB are getting tight again, and this tells me PLTR could explode again soon.
The question is if it’ll do a pullback before that or not. The 25.04 will answer our question. But regardless of anything else, the 26 is still the target.
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This is it, going to $ 26 🚀Yes, PLTR what we said yesterday, and it broke the 24.93! It even did a pullback to this point (and the 20ma) to give us another chance to buy.
Now PLTR is just going up and we have a bullish momentum in course. If it falls again, probably it’ll react and give us another chance to buy. Although we are still in a congestion, PLTR has been breaking its pivots, so, we can assume the trend is becoming bullish.
How could things go wrong? If PLTR loses the red line. But for now, PLTR is just heading to our target at $ 26! Maybe we'll see some bumps around, like AAPL did with us, but this is our target!
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Good news here on PLTR! 👏👏Yes, PLTR did the pullback as we expected, and it hit the target we mentioned yesterday.
In the beginning of the day, PLTR opened outside the BB, but it closed the first candle inside it, indicating exhaustion. It also hit the support we talked about in the 4h chart.
But before we switch timeframes, look at the pivot at 24.93. If PLTR breaks it, probably we’ll see it going higher in the next days.
The target we talked about was the red line, which worked fine today. If PLTR breaks the pivot, the 26 is the target. But if PLTR loses the 24.18 then the bullish configuration won’t work anymore.
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About to give us another chance to buy! 👀Ok, PLTR was doing just fine, but it did this immense red Marubozu in the 30min chart, at 10am and this destroyed the bullish thesis (but not for good).
Yes, PLTR is still a great company, but that doesn’t mean we shouldn’t see pullbacks around, especially with the Nasdaq doing some bearish patterns around. This made PLTR lose the support at 24.68, and this might indicate we’ll see a correction ahead.
We have an advanced breakdown from the RSI in the 4h chart, and the indicator has been showing divergences for some time. Now, we are at the 20ma and the BB are getting tight, as the volatility decreases once again.
Our next trade is near, and I still need to buy more shares, but it seems I’ll do it after a pullback. We must be careful on PLTR, but this doesn’t mean that PLTR will crash. Far from that. I invest at it for the long run, but I like to trade it when I see a good movement around.
Let’s keep an eye on the Nasdaq, as it will dictate how PLTR will move in the next few days.
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This close to hit our target! 🤏Yes, PLTR did break the point we mentioned last week, and now it is almost 1 dollar away from our target.
Even with a RSI divergence, PLTR triggered the ascending triangle, and now the 26.22 is our next stop. PLTR is a great company, which I like to trade, but I also invest at it.
For now, I’ll assume it’ll hit our target, unless it loses the 24.68 again. Then I think it’ll correct, and I would probably buy more shares if it does.
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PLTR LONG. To buy now or should wait???Hey friends!
Fundamentally PLTR company is very valuable in my opinion. Despite the fact that their products are very expensive, the company is unique. They have won many government contracts and are becoming a fundamental analytical company already.
In PLTR 2 scenarios for me right now.
1.Nice accumulation since 27 may could release strong impulse. (scenario 1) Could be nice for intraday scalping.
2.Or retest of strong support zone 21,5-23$ could provide price to go higher(H&S pattern). (scenario 2) Could be nice for midterm buyers.
What's new on PLTR? 👁👁Ok, PLTR did break another pivot at 24.33, and it hit the resistance at 24.68 again. Now, the situation seems pretty simple: If it breaks the 24.33, then our next stop is the 23.51. If it breaks the 24.68, then we’ll keep climbing to the 26.
There’s an ascending triangle in the 4h chart, and this favors long trades. But we still have an divergence on the RSI, and that’s why I prefer to have a partial position, instead of a complete one, as I already told you guys I would.
If PLTR drops again, it’ll be a chance to complete my position, but if not, that’s fine, I won’t complain 😊. Let’s keep our eyes on the points mentioned and we’ll be fine.
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Palantir updateFirst target check!
last update:
PLTR needs to take a breath. Market participants want a retest of the blue zone. Targets to the downside:
- 23.60
- 22.10
- 21.14
I dont wanna see a break below 21:14.
18.80 would be the last line of defense.
Buy zone 21.14 - 22.10
A break above 25.36 would make the scenario invalid. Then I expect an attack on 26.94
Here we have some good patterns! 👍Yes, PLTR is doing some good patterns around!
It hit the 23.51, and it went outside the BB, but it quickly went back in. The RSI was around 30 this morning, and this was a very good sign.
PLTR just hit the 20ma that we talked about yesterday, and we have a candlestick called hammer. If PLTR breaks the 24.39 it’ll trigger this pattern, and PLTR might just keep pushing up again.
Since we still have an advanced breakdown in the 4h chart, I prefer to proceed cautiously, and not go all in on PLTR right now, just to avoid FOMO.
If it drops and hit the 22 rea again, then I’ll just complete my position. 😊
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PALANTIR needs to gain new strengh PLTR needs to take a breath. Market participants want a retest of the blue zone. Targets to the downside:
- 23.60
- 22.10
- 21.14
I dont wanna see a break below 21:14.
18.80 would be the last line of defense.
Buy zone 21.14 - 22.10
A break above 25.36 would make the scenario invalid. Then I expect an attack on 26.94
Finally doing something interesting! 🥳Ok, PLTR broke the red line now, no excuses this time, and we have an advanced breakdown on the RSI. This increases the odds of a correction, and this would be great for PLTR.
We have another divergence on the 4h chart RSI as well, but the 20ma is getting closer, and it is at 23.64 rn. This kind of ruins my idea of buying PLTR at 22, but that’s ok. I’m interested at a good risk-reward ratio, not necessarily in buying at the best price possible. We must have different strategies regarding trading and investing, remember this! 😉
I find amazing that the BB are very tight in the 30min, and if we see this in the 4h chart, I’ll be very happy! It feels like PLTR will explode soon! I’ll keep you guys updated every day about it!
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Beign squeezed! 😁Ok, I had to update the trend line, because PLTR lost the first one, but it didn’t do any impressive breakout, but it looks like we have a head and shoulders. The pattern wasn’t triggered yet, so, there’s still hope for us!
The stock is inside an ascending triangle, and at some point, it’ll do a breakout, either from the red line or from the black line.
I would like to buy PLTR if we do a downwards breakout, maybe to the 22 again. Now, the pattern squeezed the price so much, that I believe we can use today’s first candle as our guide.
If PLTR loses the 23.94, it might finally drop. If it breaks the 25.23, then it’ll just keep climbing. We’ll have our answer soon, maybe tomorrow!
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Some strategies we can use here! 👀The situation is quite simple on PLTR: We have an ascending triangle, and to the side it breaks, it’ll be good.
If it breaks downwards, which is something the RSI is telling us it’ll do, the 23.50 is the target.
The 4h chart is a little bit more pessimistic, because PLTR has no supports aside from the fibs retracements. I’m not sure if PLTR can drop to the 21.73, but this is what the charts are telling me.
On the other hand, the ascending triangle of the 30mins looks like a pennant in the 4h chart. This is a continuation pattern (most of the time), and PLTR can fly to the 27.50 if it breaks upwards.
So, we must focus on these patterns from now on! 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 😉.
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Waiting for the next opportunity! 🤓PLTR is doing good movements today! And here it is the strategy I’ll use on it:
If it breaks the red line, it’ll likely hit the 23.34. Then I’ll just wait for a good reversal candlestick / chart pattern around. If it doesn’t hit there, then I’ll trade better stuff, with better risk-reward.
The 4h chart makes me nervous. Yes, there’s the glimpse of a pennant here, but I rather buy when the charts are clearer to me. The good news is the 20ma, which is going up and perhaps it’ll hit the price soon.
This would be good, and would surely help me to trade PLTR, but it is too soon to say this.
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Let's give PLTR another chance! 😉The divergence on the RSI is one of the reasons why I’m cautious on PLTR right now. I don’t see it crashing or anything, but I’m just waiting for another pullback to trade it again. Our last trade was amazing, and I’m sure PLTR will give us another opportunity, but now it is not the time, it seems.
Keep in mind that PLTR is right at a resistance in the 4h chart, and the RSI looks weird too. I prefer to wait for a decent pullback to the 22, or even the 23, if we see a good pattern over there. So far, I’m just an outsider, waiting for my next chance to buy it.
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Palantir Technical AnalysisUsing Elliott Wave Theory, we could say that Palantir is now entering a wave 3, which could protect us all the way up to $86-$126. The actual target will become clearer in the coming months. For now, we still need to get confirmation that a bottom is in. If/when we rally past the recent high of $24, I would be able to count a five-wave structure from the low, which would give us good confirmation that the low is indeed in. As far as a time frame goes, it’s hard to say when we will achieve this given target, but I think 12 months is a reasonable assumption.
References
Source: Author’s work
PLTR might drop, and this will be good! 👍Yes, PLTR did break the pivot point we mentioned yesterday, and it quickly hit its resistance again.
I’m still waiting for a better risk-reward ratio, but I’m happy for those who did catch this trade. Now, the chart looks like a flag pattern, but I think it has to hit the 20ma one more time, at least.
The 4h chart looks very overbought, and it is in a resistance. Since we already did a phenomenal trade here, I’m good just waiting. I would like to see it at the 22 again, but let’s see, maybe PLTR will do another bottom above it, like Tesla is trying to do.
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