Palantir (PLTR) Breaking out - Transitioned from AccumulationAfter a month of accumulation, I believe that we are transitioning out of the Accumulation phase. The short distribution period we saw after the first rally was not the institutions taking profits, but early retail investors and employees, as this company direct listed. The institutional distribution has yet to occur.
Conservative Price Target: $60 by late Feb. and $70 by summer.
Very bullish long term.
Palantir
$PLTR - Schizzo Technical AnalysisTake away from this what you want. Point is we're bullish.
New trading range to become 34-39 with a 44 ATH.
PLTR formed a pennant; possible breakout soonThe pennant is a continuation pattern (of the previous trend) so PLTR may be looking into a move to the upside sometime soon. The price moved up today and headed against the $26 resistance several times. It even broke above it but was not able to stay above that level. However, we closed the day for the second consecutive time above the 14-ema and 21-ema, which is a bullish signal. MACD is curling up and +DI touched -DI and moved back up, which in my experience forecasts a move up. I am watching the moving averages. The longer PLTR holds above them the stronger they become as support. It is important to keep in mind price could also continue sideways when the pennant is completed but if a breakout is confirmed PLTR may be looking into a nice rally.
Safe trades!
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
PLTR Technical AnalysisPLTR brake that triangle and create new uptrend, we possible see broke out towards up.
If you agree then like and support me.
Mention your thought in comments :)
Potential bull case for PLTRBullish consolidation. Possible rally into earnings from here if it can breakout.
Please mind the gap at 16
$PLTR - PLTR train leaving the station, get ready.I see a clear upwards trend from here on out.
I've used this kind of TA using flexible trend lines rather than normal straigh lines on several other stocks in similar situations like NIO and it's always been a winner.
It's easy to tell that we'll be around 33-36 by Feb 11'th. It's difficult to say where the stock will be after that without more data.
$PLTR Can We Rebound? Breakdown and Analysis 1/4/21$PLTR Breakdown and Analysis going into the New Year! Will we see more downside? Can we bounce and where? In need of a price raise ASAP.
PLTR potential break out!PLTR is heavily oversold and can potentially break out of resistance and could possibly test the top of the wedge for another potential breakout.
PLTR break below support 29DEC202029DEC2020 saw a broader market sell-off, unsure if this was larger institutions securing end of year profits or market-wide correction from recent days exuberance.
Monday's market open saw an immediate meltdown and began this bearish channel and Tuesday saw us drip below our $25 support zone. The 9 day MA trading below the 20 day MA suggests to me that this bearish trend will continue in the short term. PLTR is currently bouncing off the lower band and against the upper boundary of my descending wedge, I think the next pop is going to be volatile. With RSI @ 36, we're not quite in the oversold territory. If at market open there's not a lot of buyers, I believe that we'll probably gap down to the $20-$22 range.
To counter my thesis, I'm just an idiot on the internet..... No no, but seriously, one thing to note is that post Xmas volume has been notably lower than our average daily volume; this bearish pattern could be quickly invalidated with some strong buy pressure.
Personally, I think the trend is pointing that we'll finish the year below $25. This doesn't really bother me much because in the near term we have 2 catalysts dates in January and hype leading up to their earnings call on the 11th of Feb.
By no means is this trading advice, I'm simply sharing my thoughts and opinions on the story I think the charts are telling us. I'm still a learning trader and welcome feedback and criticism, feel free to drop a comment.
$PLTR Strap in. Massive bullish wedge.The previous symmetrical triangle isn't yet fully invalidated but may soon be invalidated if we don't go back into the range/if the dip is not bought.
1) If the symmetrical triangle gets invalidated we're in for the long run till march where a large bullish wedge is forming. This means we'll be trading within 21-24 max until march where a breakout to the mid/late 30's should happen.
2) If the symmetrical triangle holds, we could see 33-37 as early as January due to hype for the demo dates.
3) Earnings looks like they will be very close to 0. Due to some contracts gained and some contracts expiring for PLTR, the EPS looks like it will be between -0.20 and -0.10 due to ad campaigning expenditures. If this wasn't a thing, we'd be much closer to 0 earnings and maybe positive earnings.
Palantir will need at least 1-2 more quarters before significant earnings start coming in.
tldr: We're in for the long hold.
$PLTR - Demo date & Symmetrical Triangle - Bullish-7'th Jan is the first Demo date for one of the Palantir Products.
-11'th of Jan is the end of the symmetrical triangle we're trading in.
Symmetrical triangles are typically bullish.
Play #1: If Palantir is as strong as we think it is, there could be bullish hype buildup before the demo. Buy before the hype buildup and sell before or during Demo day to lock in easy profits. This way you avoid risk if the demo is not well received.
Play #2: Buy before demo day and hold through Demo day. If the demo is well received, you should receive extra profits by selling after the demo is complete during the same day or up to 1-2 days after the demo.
Based on past experience with bullish wedges, the bullish symmetrical triangle should indicate a breakout between the 5'th - 11'th. It's best to be in PLTR before that at a nice low average of 27-28. Anything more and you're looking at a short-mid term hold before you break-even.
$PLTR 12/21-12/22 Recap and Breakdown!Video breakdown and analysis $PLTR going into 12/22 . Requested
$PLTR To Breakout of Triangle, Continue Channel #wallstreetbetsIndicator: 200 Linear Regression
News: Continuation of U.S. Army Contract
Sentiment/Trend: Bullish
PLTR Expected to MeltPLTR expected to melt due to break of the flag pattern and retest at the resistance level as shown.
Palantir trading on a rangePLTR formed an ascending triangle but failed to breakout to the upside. It is still respecting the recent support at around $26.10 though, which is good for the bulls. There is a narrowing of the Bollinger Bands on the 1hr and 4hr charts, which could signify a potential breakout to either side since the candles seem to be ranging around the moving average. MACD and RSI are in decline but the RSI is still above 50 and it seems the distance between the MACD MA and signal are narrowing. In summary, there is no clear direction to PLTR in the short term. Maybe a piece of news is what we need to shake PLTR to either side. I am leaning to the bullish side.
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
Palantir ready for takeoff?Team,
Hope you are having a wonderful December to remember. Since our extended move last Monday Palantir has been retracing back to the 20 day moving average with strong resistance at $28.40. We were unable to break that level for four days so we had to flush some people to get back to green. My expectation is going into Fridaywe will retest that level of $28.40, fail and retest to blow the shorts back to $29+.
I am not a magician however I can state my thoughts on what I expect. Take it for what you feel it is worth. As always, wish you the best of luck. If you enjoyed this video and my written summary please hit that like button! NYSE:PLTR
Palantir found supportPalantir is still in the bullish channel since early November. We are at the bottom and today is crucial for further climb. If we find the support my target is the previous high at 31usd, if the current bullish channel support would be broken today, I expect a drop to fib 1.618 at the 21-22usd support area. Rsi is neutral.
#PLTR long Lmk what ya'll think about this analysis. PLTR currently taking a break from uptrend, engaged in a elliot triangle wave, currently at (C); i do think it will go to D then E before breaking out; new to chart analysis but I can (kinda) see an ascending triangle also; lmk your thoughts guys thanks
