#PLTR Huge bear trap? 🐻Megaphone in progress📣 + RSI divergenceHi All, my main 3 take-outs from this analysis are the following:
1- Even though the situation seems to be compromised and price seems be heading to 17$, be careful bears, as the price is forming right now a rare megaphone, also called broadening bottom. It basically indicates that the price is charging and volatility is increasing in the perspective of a strong reversal move
2- Please note that there is a strong divergence between price action (lower lows) and RSI (higher lows) and I think it is realistic to expect a reversal soon
3- Keep in mind that we have another static resistence given by the down black trendline that the price will need to retest (and possibly breakout from!). Dec 27th might be a good date to try this breakout...
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Palantir
PLTR Hand and Shoulders - Is this the bottom?$PLTR has always followed very technical trading patterns. I believe this is the bottom for Palantir and will rebound from these levels into the new year.
Palantir stock analysisA stock that has gained traction from famous investors such as Cathie Wood but analysts still dont trust the stock and have mainly sold and hold on it. According to the technical analysis the stock seems to have reached the support level and bounced of it hopefully Wednesday’s FED meeting will not force the stock to break that support.
Palantir (Update)Keeping it short here, PLTR has been getting government contracts recently. Defense and supply chain efforts are important to alot of things right now. A price of $22 would be a bit above 38% retracement of the previous high. Let's see what happens! We are still in a good are price wise and has given us more of a discount I believe since my most recent post. Not advice.
PLTR Bearish Idea (Short term) 120121One year support level at 20.24 has been breached.
Zooming into to 1M reveals three consecutive high RSI to low RSI moves. Each move lower resulted in sideways price action with a small move higher then subsequent lower move. The first drop resulted in a -18.63% decline, the 2nd -13.77%, and the 3rd a -8.88% drop, each decline approx 5% less then the last. Extrapolating this I would estimate the next drop to be approx -3.8% resulting in a $18.68 price, possibly a next support level?
Moving averages: 200 moving day average has been above the 50 since November 10 with the price action currently below both lines.
RSI: Oversold at 21.08, we could see a slight move higher soon before the next drop.
DMI: Red (bearish) trend line looks like it's gaining strength from an upward looking trend strength indicator (yellow line)
Current analysis: Short term bearish, however it's looking like it's poised for a breakout due to being so oversold, watching the $18.68 level. The bearish trend on the DMI looks like there could be more downward price action for the near term.
This idea is for informational/entertainment purposes, this is not investment advice. Please use caution and do your own research before trading.
PLTR : Palantir consolidating. Palantir doing consolidation. If is able to hold this position then a good uptrend is expected.
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Palantir Bearish. PLTRZigzag in B Wave post divergence. Wave C technically confirmed yet, but it has a convincing look and feel already. Momentum is also bearish either way.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
#PLTR - Reversal H&S under formation. Get ready to go...Palantir is showing a right shoulder under formation, with the characteristic that the volumes on the head are low, as it should be for this kind of reversal pattern.
In my opinion the price is now targeting the 21.30$ level, where it will probably and ultimately breaking the H&S neckline. This might be happening today or on Mon-Tue next week and not necessarely in today session
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
PLTR : Palantir consolidating. Palantir recently published its Q3 results on Nov. 9, posting sales that came in ahead of the market's expectations. But Still this doesn't work in its favors and drop down from resistances 28$ mark to 20$ mark and no it doing consolidation. If is able to hold this position then a good uptrend is expected.
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#PLTR reacts well on 20$ support and closed above yesterday highAs I shared this morning, I hoped for a daily close abve the high of the yesterday doji candle. The price managed to close higher than that and this is to me a great sign of possible reversal and confirmation of the rebounce from the 20$ level.
I just would like to mention that the last two times the RSI touched the oversold territory (May and July 2021) the price reacted reaching an average of 45% increase and I want to think that this might be happening again this time.
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
#PLTR - Price possibly rebouncing from key support at 20$?Hi All, my main 3 take-outs from this analysis are the following:
1- Price possibly rebouncing from a key support of 20$ (price has been moving between 27$ and 20$ since a lot f time)
2- 4H chart shws engulfing bullish pattern as also an RSI in oversld territory, which might be a god sign of possible reversal from these levels
3- There are still two gaps at 24$ and 27$ (as also at 31$) that will be needed to be filled sooner or later
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Trend based Fibonacci Extensiona plain Palantir trend based Fibonacci Extension on the weekly timeframe,
to keep on my own
PLTR looks good to buy... I'll be buying some this week. I see the support point currently holding up pretty well. If we break past the last ATH, we'll have be heading up to the next resistance point at $100, giving us 350%. Not bad.
PALANTIR - Possible bear trap in progress? Hi All, my main 3 take-outs from this analysis are the following:
1- Despite the huge volumes in the recent drop, I personally feel like this might be a bear trap
2- Inside candle pattern which might mean reversal anytime soon
3- Big descending wedge on the daily chart with take profit projection at all time high.
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
$PLTR Palantir Technologies Inc. LONG Trade Setup$PLTR got beat down after earnings .
We landed right on the .618 retrace from the low to it's ATH .
If this level holds, we have a very good entry for a swing trade.
Risk manangement is key here though, cause if the market wants to see Palantir even lower than this,
we might do a deep retrace and go down to the 17$ish area again.
Depending on how "longterm" someone would wanna hold Palantir, a very tight stop loss should be set.
PLTR : Palantir UP Trend Continue.PLTR up remains like this and it reach our First target 28$. As we know 27$-28$ act as resistance and which stop it many time in past from making uptrend. I hope PLTR reach this very soon.
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PLTR : Big Resistances.Palantir recently published its Q3 results on Nov. 9, posting sales that came in ahead of the market's expectations. The company recorded revenue of $392.1 million in the quarter and non-GAAP (adjusted) earnings per share of $0.04. Earnings for the period were in line with the average analyst target, but sales beat the analyst consensus by $5.54 million. The big data analytics specialist also raised its free cash flow (FCF) target for the full-year period, but that wasn't enough to stop the stock from selling off following the earnings report.
But Still this doesn't work in its favors and drop down from resistances 28$ mark to 22$ mark. If it able to hold this position then we can see a up trend towards 28$ mark but if it keep moving down then 20$ is a good support for this.
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PLTR Q3 POST EARNINGS (SWING TRADE) NYSE:PLTR
Hello everyone! So I recently got the time to learn more about PLTR stock and I am quite bullish on this stock. Despite the fantastic Q3 earnings result, this stock has got beaten down >10% and ARK has loaded up more shares with this dip. In this post, I will be going through my technical analysis on PLTR and why I think a bounce will be due soon.
(Disclaimer: I have a long position in this stock)
1) Price is touching the long-term uptrend line drawn since IPO. It has bounced off nicely once previously on 12th May 2021(Marked red circle)
2) Price is touching the lower Bollinger band and too stretched out with the recent sharp dip
3) Price is hovering around the Fibonacci Retracement level of 0.618 which also happens to be near the uptrend line and lower Bollinger band, giving a cross-confirmation
4) Regular Bullish Divergence can also be spotted on both Daily and 4H timeframe, signaling that a bullish move may be due soon
PLTR is a great stock and if the price does continue to fall, I would expect it to find support at around the $20.5 area as drawn (Marked purple rectangle) which a rough downside of -10.1% as compared to a potential upside of 18.4%, hitting the area of resistance where I would expect the price to be met with selling demand (Marked purple rectangle).
Cheers, just my two cents!
PalantirPalantir engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. It offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. Its products include Palantir Gotham and Palantir Foundry. (Via Robinhood). I'm big on the defense sector and knowing how much the government trusts this company I need to take a deeper look. The main thing that impressed me with Palantir outside of their general scope of business was the attractiveness of the Hedge Funds that has this in their portfolio. I normally don't bank on things like this. However, Vanguard (5%), Blackrock (4%), and State Street (1%) has this in portfolio. I do need to do more research on this company I will admit, but I'm confident that we are at a good price now for a good profit down the line (1 year or more out). Looking at the chart, looks like we on a retracement to the upside with a recent bear flag breakout. On the 15 min TF (This is the daily) there is a gap that needs to be filled around $23.66 It also seems as if price wants to break past the 20/50 ema if it does reach that gap which would be a good thing for shareholders. As I do more research, I will up my consideration!
What do you think?
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$PLTR Palantir Technologies is at critical levels$PLTR is at a critical level here, basically hitting the IPO demand line without making a higher high before.
That demand line better holds, so PLTR continues to make higher lows,
if it breaks, look for support at the .618 retrace at around 22.50$
Below that, we have a little bit of history in the chart at around 21$ and the psychological support at 20$.
If we get a major selloff though, look for $PLTR making at least a higher low than $ 17.06, which marks the low of Mai 11th
$PLTR #PALANTIR SAME pattern...... EARnings Tuesday 9 pre market, I can feel that 30$ for shares coming soon
PLTR Target Price 28.38PLTR Entry Price 26.75
TREND LEVEL SIGNAL
Up Trend + Trend Line Level EMA 10 Level EMA 20 Level + Pin Bar
(Trend: Up Level: Trend Line, EMA 10, EMA 20 Signal: Pin Bar)
Palantir in trianglePalantir forms an ascending triangle. I expect the resistance to be broken before the next resistance. Further, the price may behave in different ways, I expect consolidation, and then further growth.
