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Palantir

PALANTIR - Hammer candle in the weekly!What is very noticeable is that the price ran in a zone defined by me (back in April) and formed a hammer candle exactly at the level! I justify it with the fact that the stock is very popular for retailers (in most cases they had their stops at this level). The hammer candle was accompanied by volume, which is also a positive signal. A short-term close above 27.50 would be important. Then the stock has chances of up to 35 in the next move! Should the price dip back below 19 and stay there, it would be considered as a negative signal for the chart. Prices below the hammer candle (17.05) activates targets around 13 (EMA 200 W) or even prices up to 8.92. D1: H4:
NYSE:PLTR
by TizTrader
PALANTIR - Buy Setup Forming!PALANTIR is overall bearish, trading below our blue trendline but since it is approaching a strong demand zone in green we will be looking for buy setups to catch the next impulse. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? Our blue trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) We also have an inverse head and shoulders pattern forming (in red) adding more strength to our buy setup. Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, PALANTIR would be overall bearish and can still test the green demand or break it downward. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:PLTRLong
by TheSignalyst
28
We had a great week here too! GL for who's still in PLTR! 😁And we finish this week with 16% gains on PLTR! Not bad for a week! Now I sold it at the 24 area, as we already have been planning since last week. Why did I sell it? First, it hit the target, the previous resistance. Second, the RSI was too overbought in the first 30min candle, around 90. Third, it hit the target by doing a huge candlestick, and usually this means we have an exhaustion bar. We see better the resistance at 24 in the 4h chart. And the RSI was pretty overbought as well. Now, PLTR left some huge wicks above the last candles bodies. All of this triggered a warning sign on my head to book profits. We’ll see what to do next week. I don’t see a short opportunity, but if it drops to the 21.93 or 20ma and does anything good, we might buy it again. Anyway, I'll keep updating you about my insights on PLTR. 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.
NYSE:PLTR
by UnknownUnicorn21312077
15
Palantir - Overvalued but Strong 👍-Palantir (NYSE:PLTR) stock is trying to make a comeback. Don’t feel bad for it since it’s still up 140%, which is five times more than the S&P 500. -Recently the bulls suffered a blow going into the earnings. It is relatively weak because it has shed 60% of its value from the January highs. The dip was an absolute opportunity to buy into it or add to current positions. Consider that my not-so-secret conclusion and I will back up my story next. -There are a few dozen stocks that are the weapons in the Reddit versus hedge funds battle. PLTR falls on and off it, so it is messing with the natural price path of a quality stock. The January super-spike artificially exhausted the buyers. The bulls are still trying to recover from it and rebuild the base for long-term success. -The Palantir profit-and-loss statement shows their progress in black and white. There is no speculation in knowing that they have $1.2 billion reasons a year to be optimistic. They doubled their total revenues since 2018. -The company still loses money but that’s part of being a growing business. Profitability is not as an important a statistic as growth. It is not cheap and it doesn’t need to be, just ask those who invested in Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) early. Impressive growth does not come cheap, and those who skimp will get mediocre results at best. -PLTR stock will do well for as long as the stock market is bullish. Demand for their products and services is but a guarantee for years. They do have competition but they started early enough that they deserve early-mover credits. IBM (NYSE:IBM) has been touting AI prowess for over a decade. These guys are beating them to the punch in making it an actual business.
NYSE:PLTRLong
by caldooninvestment
25
It broke our target! How to proceed now?Ok traders! PLTR didn't confirm the advanced breakdown we talked about yesterday, and today is flying again! Now the 22 was left behind, and it can even work as support next. For now, the $ 24 is the second target, but since it already broke our initial target, it is a good idea to sell something around 25 - 50% of the trade. The RSI tell that we are overbought in the 30min, and the 4h chart too. It is still worth to hold some PLTR, but let's be careful out there. If it drops again to the 22, or to the 20ma, I will just buy again. 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.
NYSE:PLTR
by UnknownUnicorn21312077
4
We are doing great, but I have good and bad news for you.Ok, my dear traders, we have good and bad news. Let's start with the bad one. PLTR has what looks like an advanced breakdown, as the RSI is losing its support, while the price don't yet. Also, we are right at the 22, the most difficult price level for PLTR to break in the near future. Now, the good news. We have a bull trend, and PLTR is going up, after it touched the 20ma, as we expected. Nothing here makes me believe it'll reverse this momentum. PLTR has more upside ahead, but I would not be amazed if it suddenly drops to the 20ma again. The advanced breakdown would be the first indicator of a correction of this magnetide. But the trend is still bullish, and PLTR keeps going up. I'll keep saying, the 24 is the target. 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.
NYSE:PLTRLong
by UnknownUnicorn21312077
4
It hit the 20ma as we expected. Now what?Yes, PLTR is sitting at the 20ma as we expected it would in our last analysis, and tomorrow we'll see if it'll fly again, or keep the correction! The bias is clearly bullish, and I think this movement is not done yet! Yes, it hit the 22 today, the target we've been aiming, but if you look at the 4h chart, there's still some upside left! The problem: The 22 is the 61.8% fibs retracement, and was a nice support level in the past, so, in theory, it shouldn't be easy to break it. But given the bull trend in the 30min, it is possible to see a breakout here, and in this case, the next stop is the 24 area. The RSI is not overbought at all, and it could go higher before a correction in the 4h chart. So far, we doing amazingly well here. I'll keep you guys updated every day :) 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.
NYSE:PLTRLong
by UnknownUnicorn21312077
6
Why buy Palantir before it breaks out Big data firms are the new social media platforms that see massive revenue growth. The market needs to come to terms with the possibility that Palantir’s revenues can quintuple until FY 2025. As the market understands Palantir’s long-term revenue and growth opportunity, the stock will appreciate. I think this is the next company that needs to be added to the group of FAANG stocks. Big data analytics is big business for NYSE:PLTR as data volumes grow and more analytical capabilities are required to make sense of them. Palantir is set to grow revenues extremely fast over the next five years, and the stock is set to break out. Their software is mostly used to analyze data and develop solutions to complex problems for businesses and governments that have to manage through tons of data… Palantir's software and predictive analytics capabilities can help predict COVID-19 outbreaks, analyze performance data, fight crime, assist companies with the migration of IT systems, support law enforcement, solve supply chain problems and support effective risk management practices. One of the biggest entities that collect data are governments. They have endless databases containing information about their citizens, which is also why the government business is an important cornerstone for Palantir to leverage its growth. Since government contracts are a lucrative source of revenue for Palantir, and the firm collected 56% of its revenues or $610 million from its government customers in FY 2021. In the 1st quarter 2021, Palantir saw its government revenues grow by 76% Y/Y to $208m, and it could crack the $1b annual government revenue threshold by FY 2022. Besides still not being profitable Palantir's revenues are growing fast and have increased 84% from FY 2018 to FY 2020. Their own revenue guidance appears to be carefully formulated as the company is still in a phase in which it enjoys revenue growth rates approximating 50%. These rates will normalize with time, but Palantir is set for a golden future. Revenues could grow from $1.1b in FY 2021 to $5-$6b over the next five years, assuming gradually declining growth rates, which are historically validated. As times goes by and customers, in both commercial and government area, experience Palantir's software platform, they tend to spend more money, which makes it ultimatly a trend in itself Instead of just signing on new clients and scaling, Palantir clearly has the option to maximize the customer lifetime value by increasing revenues per customer, which it does. Revenues per customer increased a massive 29% Y/Y to $8.1m in the 1st quarter, which attests to Palantir's strong organic growth capability. (Source: Palantir) Potential Risks: Since profits are still a thing of the future we should rather value them over expected sales than actual net margins. Also because the Plattform itself is so well programmed it will needs less R&D spending. Another risk for shareholders touches on the subject of dilution. Palantir, as most tech companies, issues a lot of stock for compensation packages, which dilutes shareholders. Palantir's outstanding number of shares increased 80% from FY 2018 to FY 2020 and continued to rise in the 1st quarter 2021. When the market understands Palantirs full potential and their recurring revenues YaY and that a government focus is a strength, not a weakness. Once the market does that, PLTR should break out and revalue higher.
NYSE:PLTRLong
by Sebastian-TradingExpertsEU
PLTR mapping the current situation. What can we expect?Today, we will take a look at the 4HS chart on PLTR Current situation: The price is below a Massive support zone now working as a resistance. This is a key level because we can deduce major directions if the price stays above or below the key level. Bearish Scenario: If the price reaches the red line, we can expect a continuation of the bearish movement towards the next trendline, which is not something clear but, if we have to create a possible level to see some bullish pressure, we think that would be one. Bullish Scenario: If the price breaks the key support/resistance zone and reaches the green line, we can expect either a direct continuation of the bullish movement towards the next resistance zone OR a throwback (retest of a key level after being broken) and a continuation movement towards the next resistance zone. Thanks for reading!
NYSE:PLTR
by ThinkingAntsOk
We are doing well, but the moment is complex! What to expect?Ok, PLTR did a bullish harami today, just above the 20.80, and this confirms our main idea. Now PLTR is bullish again, and it is supposed to seek the 22 one more time. If PLTR will break this resistance we don’t know yet, but I’ll keep you guys informed about the next steps. Therefore, remember to follow me! Right now, we may see a correction, but the 21 is a support level, as it is the 20ma area. The 4h chart indicates that we could see PLTR breaking the 22 in the next days, and it could seek the 24 next. Meanwhile, everything is going well with PLTR, and our trades are doing just great so far. 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.
NYSE:PLTRLong
by UnknownUnicorn21312077
What to look for on PLTR next week?Ok, PLTR broke the 20.80 as the advanced breakout told us it would, but the movement was too weak, and it closed at 20.75 (it dropped even more post market). This shows that the bulls are as weak as the bears, but there's still hope for PLTR. If it does a good bullish candlestick next Monday, and close above the 20.80 in the 30min or 4h chart, it could trigger a buy. The 4h chart has no relevant information, other than the resistance around the 22, that we are already aware of. In my reading, if it breaks the 20.80 for good, we'll see it breaking the 22 too. I'll monitor PLTR closely next Monday! 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.
NYSE:PLTR
by UnknownUnicorn21312077
2
Moving according to the plan! What should we do now?As we expected, PLTR did a lateral movement today. We identified this thanks to the RSI divergence, but right now we have some hopes that PLTR will do something good next. We nailed the purple area, and right now it has a chance to hit it again. We have an advanced breakout on the RSI, and if PLTR breaks the 20.80 it'll confirm our bullish idea. The 4h chart shows how strong the purple area is, as it was a previous top at 22, and it is the 61.8% fibs retracement. If PLTR breaks this resistance, the 24 is the next stop for us. Let's watch the 20.80 in the 30min chart, as this will be our lead. 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.
NYSE:PLTR
by UnknownUnicorn21312077
5
Good movements on PLTR! What to expect next?Yes, PLTR hit our purple zone today, which is a resistance area , and it almost hit the technical target at 22. The 20ma is a cool support for us, but since PLTR is too overbought according to the RSI , we must be aware of possible corrections. There's nothing on the charts saying PLTR will drop, but still, we must be aware of this fact. The RSI divergence worked wonders here, and it still could hit the 22, but we might see some correction in the 30 min first. After it breaks this purple area for good, the 24 area would be the next stop for us. We'll see how to proceed tomorrow. 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.
NYSE:PLTR
by UnknownUnicorn21312077
6
#PLTR - Price heading to falling wedge resistance. Good momentumIt is pretty clear that Palantir is not a stock for quick profit. Its CEO also said this. It is not a 100m run, but it is a marathon. In my pinion we are in the middle of a strong rebound, also seen the volumes of the latest trading days. The first target could be the 24$ area, which is the projection of the small falling wedge (in red) , broken with huge volumes n May 11th. Once the price will reach the 24$, it will be significantly above the resistance line of the larger falling wedge (in purple). This means that the rwach of 24$ would mean the breakout f the larger falling wedge, whose target projection will be the 31$ area. This area is very delicate, as it has a big gap both in daily and in the weekly chart. It is true that the gaps are not always to be covered, but I would consider the possibility of it being covered as 99% probable, especially considering that gaps in TF like the weekly are very significant. Once reached the 31$ area.. price has highways in front of it for a strong bull run. Be patient...
NYSE:PLTRLong
by FrancescoMerlettini
1