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PLTR

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
Looks exhausted! 👀Hey guys! PLTR was pretty bearish today, but the big explosion I was waiting after a breakout from the Bollinger bands didn’t occur. This may be because we are already pretty oversold in the 4h chart, and near the 50% retracement. The movement was very weak, not as expected from a breakout from a distribution. We have another RSI divergence again. The RSI is at 26 in the 4h chart, and it’ll be hard for it to drop under this level. It is not impossible, though, as it did something similar on the beginning of May. Although PLTR is a good stock to trade, and it is worth doing it at these levels, it is a good idea to start looking for stocks that are not that correlated to any index. For instance, one of my public trades was on ABT, a stock not so popular which performed very well recently. It might give another chance to buy it again soon. This is a very boring stock, but it is easy to work with it, and you might use leverage if you think it s too slow for your taste. This is a smart use of leverage. I’ll keep you guys updated on PLTR, but for now, we must wait for our chance here, ok? For now, I think there are better stocks to trade. 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
11
Is PLTR a wise bet right now? 🤔🤔🤔Ok guys, despite the advanced breakouts on the 30min chart, PLTR is not flying right now, but in my view, it is a good thing that it keeps accumulating. The BBs are very tight, and sooner or later, it’ll do a breakout. The risk-reward ratio is more interesting for long trades, because we have too many supports and the RSI is quite oversold in the 4h chart: If PLTR loses the 50% retracement it might just hit the 61.8% at 21, but we must consider the RSI. But if we explode upwards, it looks like there’s no limit to PLTR! Nevertheless, it is always important to work with targets, and the resistance at 25.05 is the first one PLTR will have to deal with during its ascension! I already have my strategy for PLTR, do you have yours? I think PLTR is one of the best stocks to trade around, but certainly is not the n# 1. I see stuff much more interesting than PLTR around. 😊 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
6
Short this hypergrowth index!Good evening from Croatia, Let's have a look at some of my favorite stocks which I am keen on. I use this index quite often to find out whether these hyper growth stocks are going to perform well. It looks like a double-bottom pattern is forming into the mid term. We have to find out if this double-bottom will hold the support or break through it. This might look like a wyckoff accumulation pattern. I would recommend though to short these stocks in the short-term. Have a great day and let's rock the upcoming week. bbpetersen, NYSE:PLTR NASDAQ:TTCF NASDAQ:NNDM NYSE:SKLZ NYSE:FUBO
PShort
by bbpetersen
19
PLTR Testing Make or Break Supports1. Palantir is nearing a strong support zone (21.00-22.50) that it recently reclaimed. The support zone was reclaimed quickly after breaking, solidifying the strength at and beneath 21.00. Price just bounced at the top of the zone, yet I believe it will fall through to test the bottom of the support zone and consolidate within the zone briefly, reaffirming strength above 21.00. A powerful move to establish an uptrend could follow this confirmation and consolidation. Testing of 21.00 would also complete an inverse head and shoulders pattern. 2. Above the support zone, the next level is a 27.50 resistance. ARKW sold 13.1%. of their shares at this level last week. ARKW still holds a large majority of their shares and demonstrated good profit taking with the small sale, after purchasing upwards of 4 million shares in 2021. ARKW's sale caused some shake out of weak hands and brought shares down to the 22.50 support level. Shaking weak hands and ARK's aggressive bullish direction on PLTR are both good signs. 3. After some consolidation, I think shares can test the 27.50 resistance prior to August 12th earnings. After a test of 27.50 around earnings, a strong report could push shares above the resistance, and confirm that shares have re-entered an uptrend.
PLong
by desai0820
Will PLTR explode next week? 🚀Yes, PLTR has many advanced breakouts, as some of you noticed, and this is intriguing! We already broke the resistance at 23.20, but we are still accumulating. The Bollinger bands are still very tight, and sooner or later, we’ll explode, and the chances are that it’ll be up. We still are oversold in the 4h chart, and we still have a long way to go. The support levels are working fine for us, and the risk-reward ratio is very good. We must keep an eye on PLTR from now! I’ll keep you guys updated! 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
9
PLTR: Time to buy? A complete study!Hello traders and investors! Let’s see how PLTR is doing today! Let’s do a complete Multiple Time Frame Analysis (MTFA) on it. First, in the 1h chart, PLTR triggered the H&S chart pattern that made it drop to the support at $ 22.35 (red line). This movement was quite bearish, but there are some interesting points to keep in mind. It has two open gaps , both are breakaway gaps , as they break the support levels made by the thin purple lines by doing a gap, not by opening above the support and breaking them intra-day. This shows that the bearish trend here is strong. Now we just hit the support at $ 22.35 and we have a bullish pivot point at $ 23.39 . If PLTR defeats this point, it will defeat the 21 ema too, and it might work as a mid-term reversal seen in the daily chart: The $ 22.35 is even more interesting now, because it is the 50% Fibonacci’s Retracement in the daily chart, and if PLTR triggers the pivot point seen in the 1h chart, it’ll confirm this dual-support level and we’ll bounce back up in the mid-term. Given we have many open gaps in the 1h chart, we can assume that PLTR will be attracted by them in the mid-term, and it’ll do a rally to close them. But there’s more: In the weekly chart, we already defeated the 21 ema, and the last 2 weeks were bearish, but the volume was quite low, indicating that this is not a true bearish reaction. We just found the 21 ema again, and it is working as a support for us, making it not a dual-support level, but a Triple Support level (red line 1h, 50% retracement daily, and 21 ema weekly). The $ 27.47 is the target in the mid-term, but honestly, I’m aiming for the gap at $ 31.34 . Since me and my followers bought PLTR at the dip around $ 20, we are just fine, and I see this pullback as another opportunity to buy. We’ll see how PLTR will behave in the next few weeks. Remember to follow me to keep in touch with my daily studies, and support this idea if this insight was interesting to you. Thank you very much, Have a great weekend!
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by Nathan_The_Finance_Hydra