Get started

Palantir

#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...
PLong
by FrancescoMerlettini
1
Technical Analysis of TOP10 Mentioned Stocks!Hi, First of all, as always, I would like to thank you all for answering your favorite five stocks. Only YOU can make this series happening as good as possible, cheers! It was the first of many, wasn't so popular as the altcoins series but still, pretty interesting stocks and interesting names on the top of the list. Looks like electricity still dominates the market :) Here are the top mentioned stocks: 1) Tesla (TSLA) - is an American electric vehicle and clean energy company. 2) Nio (NIO) - is a Chinese multinational automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. 3) Apple (AAPL) - is an American multinational technology company. 4) Alibaba (BABA) - is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. 5) Amazon (AMZN) - is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. 6) Palantir (PLTR) - is a public American software company that specializes in big data analytics. 7) XPENG (XPEV) - a Chinese electric vehicle manufacturer. 8) Jumia Technology (JMIA) - an online marketplace for electronics, and fashion among others targeting several African countries. The company is also a logistics service, which enables the shipment and delivery of packages from sellers to consumers. 9) Coinbase (COIN) - is an American company that operates a cryptocurrency exchange platform. 10) Pinterest (PINS) - an American image sharing and social media service designed to enable saving and discovery of information on the internet using images and, on a smaller scale, animated GIFs and videos, in the form of pinboards. 11) JD.COM (JD) - is a Chinese e-commerce company headquartered in Beijing. It is one of the two massive B2C online retailers in China by transaction volume and revenue, a member of the Fortune Global 500 and a major competitor to Alibaba-run Tmall. As promised, I will do technical analysis for top mentioned stocks. To be said, I will add some more, especially some stocks to my followers from Estonia. Firstly, my technical analysis consists of buying opportunities from lower levels. I tried to identify some interesting and strong price levels which may play an important role in the future. Obviously, you should make your own fundamental research about the stock you want to invest in, and I'll just try to help you with technical analysis. The best investments consist of good fundamentals and good technical analysis. Technical analysis is like the cherry on the top of the pie, it helps to put your money to work for you as fast as possible. Important to mention that these lower prices are zones, some of them are quite wide but still, it should give you a clue to where your eyes should be pointed. Also, some of them are quite deep but I don't care, I know that if the price reaches there I'm ready. Preparations should be done early! Secondly, I tried to point out some breakout areas. Areas that are important to break before we can "sure" that the growth of the stock can continue. We don't buy randomly, we are smart, we want to make sure that our investment starts to work as fast as possible, we don't want to guess. So, the breakout possibilities are the key to higher prices, let the price show us that it is capable to go higher, as said we don't guess, let the investors show that they want to pay higher prices to buy the stocks. Ready - set - GO... 1) TESLA (TSLA) The current price action shows that the strongest zone to keep an eye on should stay around $450. A lot of strong criteria matching inside the shown area! 2) NIO (NIO) A bit riskier than Tesla but technically around $25 your alerts should be set. A bit strange PA, it can fall even a bit lower but I'll try to keep you posted! Something good from fundamentals will help ;) 3) AAPL (APPLE) After the break below the black trendline, the price can reach as low as $100, if you still wait for a bigger correction then $80 is also technically a great spot to grab it. Usually, these top market cap stocks just don't correct too deep, they are always too expensive - but good things are usually expensive ;) Buy the strength after the price of Apple has reached above 145-150 and you can grab it during the retest, as shown on the image. 4) ALIBABA (BABA) After quite a bad recent fundamentals, the price of BABA taking some hits but it has reached an interesting zone. The zone is quite wide but if you are looking to invest in BABA then technically the zone in front of you! 5) AMAZON (AMZN) Buy the strength after the new ATH and you can jump in during the retest. The lower level is far far away from the current price. As said, preparations should be done and this is the zone from where I'm interested in it. I don't care when and why it should go as low as $2000 but I know that if it goes I'm ready! 6) PALANTIR (PLTR) The "safest" way is to buy the strength. If you are waiting for lower prices, yes you can get them but technically there isn't much to support the price. Only around $15 something tiny but in general cannot recommend any price levels lower than the current price. Let the investors show you that they are interested in Palantir, let them "risk" and drag the price above $25, you can step in after that confirmation during the retest! Let them risk?! Risky, because $22 to $24 can play as a strong resistance and your investment may get stuck for months/years. As said, we need to put our money to work from high-probability areas. 7) XPENG (XPEV) Trading inside the buying area! I don't know almost anything about XPEV fundamentals BUT if you know, you have done your research, and if this matches with my TA then go for it! 8) JUMIA TECH. (JMIA) Quite a good rejection from strong support area which previously was resistance. A lot of buying power, wait for a little throwback and it should be technically a great investment. 9) COINBASE (COIN) There is no point to do TA. because we just don't have enough history for proper analysis. Only zone what would be interesting, 50% drop from the IPO and that means buy it around $190 ;) 10) PINTEREST (PINS) Keep an eye on $33- $45. Clean, simple, and strong! Just be patient! 11) JD.COM (JD) Keep an eye on $45- $56. Clean, simple, and strong! Just be patient! Hopefully, you got something from this series. Do your own fundamentals and if this matches with my TA you are ready to go! Invest like a sniper, not a machine gun. Everything comes to you at the right moment. Be patient! Pick very carefully and trigger the kill shot! Have a wonderful weekend, Vaido
NASDAQ:TSLA
by VaidoVeek
10
PLTR - We can see a possible Support!Terrible month for the tech sector and the whole market. After staying as a favorite pick for many thanks to the support from Cathie Wood as well, Palantir was a one-stop to go for the investors. However, now it is one of the most negatively affected stocks that lost a good amount since the recent recession in the tech sector. But here we are, at a strong support point standing at 18.00. -What now? We see possible 2 supports that can bring the PLTR back on track again. One at 18.00 and the second at 14.00. Well, hopefully, we won't see it dropping to the 14.00 but it looks like these 2 points are the only way out of this situation.
PShort
by caldooninvestment
31
PLTR - Rise to the Top of the ChannelHello everyone, I hope you are all doing well! In this analysis, we have are moving inside a huge channel and are currently at the bottom. We are sitting on a KEY SUPPORT that I beleive we are going to hold and go to $31. There is possibility of more bad news and break lower. The lowest point would be between $16 and $14 and from then on, we would rise back up to touch the channel once again and most likely break it. Currently, only 3.43% of the shares are in profit. Think about how the BIG hedgies would react to being at a Loss, would they Sell or Doubble Down and Average Down their position? These prices are a steal to have for Long-Term investing and 96.57% are bought higher than you would buy now ;) Controlling your emotions is one of the key elements in being profitable in trading and now is the time for the market to test your control. Do not panic sell as there has not been any funadmental changes in the price to bring it down as much with the company, the investment funds are currently in Crypto, so that is why we have fallen so much. As soon as Crypto dies, the funds will flow back. Thank you for the attention, I wish you an amazing Friday!
PLong
by donaitelo
2
PLTR Asymmetric TriangleAsymmetric triangle leading up to the Earnings Announcement. The direction of the break will most likely depend on Earnings. Upwards Target: $32 (if they beat earnings price will be justified) Downwards Target $18 (downside seems very limited from here even on an earnings miss) ANALYST ESTIMATES: Earnings Estimate Current Qtr.1 Next Year (2022) Avg. Estimate 0.04 0.21 Low Estimate 0.03 0.16 High Estimate 0.05 0.27 Current estimates show roughly 30% growth Year over Year.
P
by SheepWoolos
1
Direct Listings: An overview of opening day patternsOn 4/14/2021, Coinbase went public with the ticker NASDAQ:COIN . This was a pretty heavily-anticipated listing if for no other reason than that there aren't really any other crypto exchanges you can buy that are traded on a major US exchange. There are some OTC options, but when it comes to a symbol that trades on a US exchange this is a big milestone. Tons of people scrambled to buy into the listing right when it went live and ended up closing out the day reasonably red. Even people who are experienced traders jumped in and ended up closing out for a loss by the end of the day. So what happened here? Why did the stock go down with so much hype, why are there so many insiders selling, and really what even is a direct listing? What is a Direct Listing? With a traditional IPO, a company works with an underwriter (typically a bank or large financial institution) to put together their initial stock offering. This usually involves a road show where the company's representatives will travel around drumming up investment from institutional investors prior to the stock going live. On IPO day, the underwriter facilitates the transfer of these pre-IPO shares to the institutional investors they snagged during the road show prior to the stock going live on secondary markets (where you, the retail investor can buy in). There is also a lockup period in an IPO that limits selling and hedging on the stock for specific holders until a set period of time has passed. A direct listing is when the shareholders of a company decide to sell shares in the enterprise directly to secondary markets without the help of an underwriter. With a direct listing, none of the road show stuff happens and there's no real lockup period unless that's specifically negotiated internally at the company. The company sets a reference price for the stock and on listing day the stock is just listed straight to secondary markets. With both a traditional IPO and direct listing, we're usually looking at around 10% of the company's stock being up for sale. With a traditional IPO, the underwriter often buy all the shares being offered directly from the issuer and then be responsible for selling those shares. With a direct listing, shareholders sell their shares to the market directly. What happened with Coinbase? What happened with the Coinbase direct listing isn't new or weird. It seems to happen more or less with every direct listing. I went back and got some charts for some of the big direct listings that have happened over the past year or so and it happens to varying degrees more or less every time. Here's NYSE:RBLX : Here's NYSE:PLTR : Here's NYSE:SPOT : Here's NYSE:WORK : Out of all of these, Roblox fared the best the fastest after going live but still had the same end of day drop as Coinbase. Slack had the worst performance and didn't bottom out for months. So it's a pretty common phenomenon that direct listing stocks are probably a bad idea to buy into on the first day they list. The question becomes why. Market Mechanics and Direct Listings As I've said, with a direct listing the shares are coming directly from existing internal shareholders of the company. So in a market, there needs to be a willing buyer and a willing seller. In this case, there is an avalanche of selling that happens when the stock goes live and this has the kind of impact you would expect from a roughly 10% selloff of internal shares in a company. It makes the stock go down. Once the stocks are out in the market, it's up to the market to decide what they're worth. That could be more or less than the reference price set before going live. However, this selling has to happen by the very nature of what a direct listing is and this (among other technical factors) is a giant part of the reason why direct listings often end up red on the days they go live on the market. So when you see stuff in the news about insiders selling some insane number of shares on the day the company does a direct listing, take it with a grain of salt. Chances are substantial that it's really just the normal kind of selling that is necessitated by this type of stock listing. I'm not saying that you should trust the CEO of Coinbase blindly and assume he'd never do wrong. But even in a world where this wasn't how direct listings work, the amount of heat it would bring down on him to just liquidate his entire ownership stake in a company he just brought public in some kind of "offloading the bags" scheme would be extreme. The incentives aren't there. Summary Based on averages alone, even if you knew nothing about the market mechanics of direct listings, it doesn't appear to be a smart move to buy into a directly listed stock on the day it starts trading. There is too much downward selling pressure involved and all the price discovery starts on opening day so volatility is expected. If you're interested in following along with the other stuff I do outside of TradingView, definitely make sure to follow my Substack and my Twitter (details in my signature space at the bottom of this idea). As with everything I write, remember that this is just my observations and that you should not assume that everything is perfect or works the same way every time. Trading is a risky thing to do and no matter what you're always taking risks when you trade, so keep that in mind.
NASDAQ:COIN
by SwingTradeAssassin
27