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PLTR

PLTR Daily-AnalysisPLTR was a darling stock earlier in the year with the likes of Cathy Wood buying it at a high rate. It has since declined and has seen better days. Over the past 3 months or so PLTR has been stuck in consolidation as buyers and sellers seek to find whether or not PLTR is priced too high or too low. What we can look towards is how well PLTR did in their last quarter as they report earnings in the coming weeks. Now while PLTR looks neutral in the short-term, my view in the long-term is more optimistic. The current low price point, the all-time high set in January, and the rising consolidation all give me reason to believe that PLTR is due for a rise in prices. (Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.)
PLong
by aauguste
Palantir - rising off support towards resistance or back to low?This is an update of the Palantir stock chart posted on Apr 10, 2021. PLTR has made a first higher high (4H) and MACD is positive. Ichimoku is narrowing, which is a good sign that the price is reversing from its downtrend. For a more conservative viewpoint, waiting for the MA's to cross on the daily would be confirmation of a sustained up trend. Break of the lower support invalidates the bullish scenario and could mean that PLTR revisits the march 2021 lows. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
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by BradtNom
Palantir - Long ideaOverview Looking to take a long on PLTR. Price went under the support area (lower green line) and reclaimed it. We have also a nice confluence with the 50% Fib level there. I plan to go long when the support line is hit again. Target is the upper green line where we also can see a gap. If Stop- Loss should be hit, i plan to open another long at the 61% Fib with the same target. Dont forget: - Watch your Risk management - DYOR (Do-Your-Own-Research) Please consider: This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor. Thanks for reading! trader_se
PLong
by UnknownUnicorn1541497
PLTR: When will this crash stop? Key points for PLTR!Hello traders and investors! Let’s see how PLTR is doing today! First, in the 1h chart, we have a bearish bias, and PLTR is just seeking its support levels. For now, it seems the $ 21.21 is holding the price, after an intense drop. Below this point, only the $ 20.55 is left for us, and we still could hit there, if we lose the $ 21.21 again. PLTR is going up thanks to the Piercing Line pattern, which appeared just above the 61.8% Fibonacci’s Retracement . The $ 20.55 is the pattern’s low, and if we lose this point, then it’ll cancel the bullish thesis. However, as long as we trade above the retracement, we’ll be fine. If we find a support there and do another bullish pattern, it might trigger another buy opportunity. The $ 22.67 is still a pivot point, and if defeated, this could lead PLTR to the $ 27.47 again. We just need to reverse the bearish bias seen in the 1h chart, and this won’t be an easy task. Although we are near support levels, there is no good bullish reaction around. Let’s wait for more confirmation. Remember to follow me to keep in touch with my daily updates, and if you liked this idea, please, support it! Thank you very much!
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by Nathan_The_Finance_Hydra
6
PLTR Bearish short term wait for buy areaCould be a good spot to pick up some PLTR but I am personally waiting for the green box area which is $17-18 dollar range. I expect this to have downside to retest the 17$ range I do like PLTR long term. You can swing this trade for a month. Stop loss $17 (Mental) double bottom Buy area $18 PT1 $24 take 20% off PT2 $27 take 60% off PT3 $33 take the last 20% off Any tips or critiques feel free to post. What are some of the indicators you all like using? Sometimes I feel like its best to keep it simple and not to overwhelm yourself or the chart with to many indicators.
PLong
by MoonCake1738
1
PLTR: A very Technical Bullish Thesis.Hello traders and investors! Let’s see how PLTR is doing today! This is an analysis, but we’ll have a lot of educational content as well, because PLTR has many patterns to talk about. First, in the 1h chart, it seems we’ll reverse the short-term bear trend, as PLTR is doing a new high today, above the $ 21.70. This breaks the status quo , and it is something we haven't seen since the beginning of this bear trend, which started when PLTR triggered the Head and Shoulders chart pattern this month. This might be the start of something new. If it reverses, we might use the Breakaway Gaps to guide us next. Remember: Gaps work as magnets. They are breakaway gaps because they are losing their support levels (purple lines). Keep in mind that we have 4 types of gaps: Breakaway, runaway, common and exhaustion. There’s the idea of a Rounded Bottom pattern, as evidenced by the red line, and I find this pattern particularly hard to trade. It seems we can never tell if it is a true Round Bottom or not until we are already close to the target, which is the $ 23.39 , in this case. It is not perfect, but it has a Piercing Line pattern in the daily chart, as evidenced by the yellow square. A Piercing Line occurs when the price opens in a gap, below the previous day’s low, closes near its high, and covers at least halfway of the previous bearish candlestick’s body. What’s more, this pattern appeared just above the 61.8% Fibonacci’s Retracement. All of this creates an interesting and technical bullish thesis for PLTR for the next few days. What makes the situation more risky: The low volume in the daily chart, and the lack of bullish structure in the 1h chart (higher highs/lows). This makes me wonder if it’s too soon for PLTR, but the Risk/Reward ratio is good at this level. Either way, always use a good risk-management that suits your needs. Remember to follow me to keep in touch with my daily updates, and support this idea if you liked it! Thank you very much!
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by Nathan_The_Finance_Hydra
6
PLTR - At critical levelPalantir is at a critical support level. Join the Fractals (shown in yellow) ~ $21.3. In order for it to gain price again, Palantir has to break through $22.25. Otherwise, we might be seeing Palantir touching $18-$17 in the coming days (maybe in 6-8 days). Hope this analysis was useful to you! IfPlease do consider subscribing and liking my work. This helps me stay motivated. For any questions or comments, do let me know! -- For educational purposes only. Do your own research before making investment decisions.
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by v4runs
$PLTR - Two possible pathsHere is a bullish and bearish count for PLTR. Please note that at this time, my bias is towards the bullish count. The main question is whether we have hit the cycle 2 bottom at 17.06 or not. If that May 11 low was the bottom, then we are within primary wave 3 of cycle 3. This would be the most bullish place where we can expect the biggest gains. If that $17.06 on may 11 was not the low but just wave A of a very large 5-3-5 zigzag, that makes the June 28 $27.50 high the wave B top, and we are gonna continue down for wave C around $10 near IPO prices. $17 is the key level to watch. Below 17, we would invalidate the bullish thesis by having a close under the wave W close. However this would also mean that cycle wave 2 would retrace more then 78.6% of cycle wave 1 which seems excessive at this stage. This is why i am leaning bullish at these levels (the daily RSI is also at oversold levels). Under $18 i'd get weary and under $17 i would cut my losses and wait to see how price plays out. The best strategy here in my opinion is leaps for $35 and $40 strikes as IV is low right now and you could buy lots of time for fairly cheap premium. You could also buy $24-$26 OTM calls with a tighter stop at around $18 about 4-6 weeks out once we hit $20 in the next few days. Hope this plays out and pays out! Let me know what you guys think.
PLong
by ir-rizzle
This point could change everything! 😲The 21.57 is the most important line for us here. If we close above it, then we’ll go up again. This would be very good, and PLTR is also in a support in the 4h chart: The 61.8 fibs retracement is holding us here, and the RSI is very oversold. Now we are about to fly again, but if PLTR breaks through the retracement, then it’ll drop below the 20. Maybe it’ll give us a good chance to trade, maybe not. We’ll see. 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.
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by UnknownUnicorn21312077
1
Sensitive level of 21.5021.50 is the most important level for Palantir to trade. In most cases, it has experienced a 12-27% bounce. This is not a long-term trade setup! Fibo: it has a significant negative correlation with Nasdaq, so it could outperform in a possible negative market! Entry:21.5 Stop loss: 21 9closed below 21 in the daily chart) Reward/Risk:6 Target range: 24.5 Time Frame: 1-2wks Possible gain:14% Possible loss:>3% Option trade: Buy call 21.5 July 23 at 50-55 cents
PLong
by Moshkelgosha
1
PLTR: Complete analysis (H, D and W charts).Hello traders and investors! Let’s see how PLTR is doing today, and do a complete study in multiple time frames (H, D and W). First, in the 1h chart, the momentum is clearly bearish, and it is quite strong. We have two Breakaway Gaps, lower highs/lows, the 21 ema is pointing down and at any moment, we could close above it, since the beginning of the sell-off. We just hit the 21 ema to fall again. Yesterday we lost the short-term support at $ 22.35, and it seems we have nothing to hold us. We have to zoom out a little bit to see the bigger picture: When I’m lost, I like to use Fibonacci. Notice how PLTR is respecting the retracements, as it found a quick support at the 50%, bounced back up to the 38.2% and now it is dropping again. This tells me that there’s a good chance we’ll find a support at the 61.8% retracement now. Therefore, the daily chart suggests that we could drop more 2 or 3% and that’s fine. I don’t see PLTR crashing or any extreme scenario here, and I consider this a correction. If you look at the weekly chart, you’ll see that the last 3 candlesticks have very low volume. This tells us that PLTR is dropping due to the lack of momentum, instead of a real sell-off. Since PLTR went up more than 60% since May’s bottom to our target at $ 27, it is normal that it’ll correct, and the Fibonacci’s Retracements are here to guide us in the mid-term. If you liked this analysis, remember to support it, and follow me to keep in touch with my daily studies! Thank you very much!
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by Nathan_The_Finance_Hydra
39
When will it give another chance? 👀Yes, PLTR lost the support at the 50% retracement, and I think we are heading to the 61.8% next. In the 30min we have a divergence, but it is not a strong one. We are still pretty oversold, but this didn’t top PLTR from dropping today. We have a possible sign of life on PLTR here, but again, I’m focusing on the fibs retracements, as we can see here: It seems we’ll hit the 21, but the RSI is too oversold. We have a complex scenario where PLTR can just drop more to the retracement or respect the RSI and go up tomorrow. It feels like the chances are 50/50. What you think? I prefer to wait for more confirmation now. 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.
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by UnknownUnicorn21312077
1