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PLTR

I warned you about the 27.01! 😱The situation is quite simple on PLTR today! We are dropping, just as we expected, because it lost the 27.01 that we talked about yesterday, and now PLTR is looking for support areas to hold itself. No, it won’t drop forever, and it’ll recover at some point, the question is, which point? We have a pivot at 26.45, if triggered, I don’t think the 26.26 will hold it, and we’ll drop more – but not much more. We are still a little overbought in the 4h chart, and if PLTR drops to its red line again, it’ll be great. The situation is more serious in the daily chart, tho. We have a bearish engulfing that could make PLTR drop to the 25s again. The RSI is overbought here too. We must be careful. We must watch the pivot in the 30min, as it’ll tell us if PLTR will turn bearish for now, or not. If it turns bearish, we’ll look at the 25 – 26 area, as it might be a chance to buy! PLTR is moving according to our plans, for 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
5
PLTR: Harmless pullback or reversal? How to tell the difference!Hello traders and investors! Yes, PLTR hit the $ 27.45 as we said it would in our last study (the link to my previous idea is below this post), but what to do now? The $ 27.45 is a secondary target in my view, but it is working very well as a resistance. Now we can expect some struggle around this area, and the fact that PLTR dropped below its 21 ema in the 1h chart reinforces this idea. It is interesting to notice that it is dropping a lot, but the volume is not that good . This tells us that this is not a true bearish movement, just a harmless pullback. This resistance is quite relevant in the daily chart, and today we have a Bearish Engulfing (so far). This might cause a pullback to the purple trendline or even to the 21 ema again. This wouldn’t be surprising, and PLTR will still remain bullish. Remember: In a bull trend, we have higher highs/lows, but we do have lows . Sometimes, people get anxious when we are doing higher lows, and think it is the end of the world. To identify a harmless pullback, just look at the volume: If it is dropping, with lower volume, than it is just a pullback. This follows the 5th tenet of Dow Theory: The volume must confirm the trend. If the volume doesn’t confirm the trend, we must be careful. If you see a bearish structure, like lower highs/lows, then we are talking about a reversal sign. Today’s movement doesn’t change my target on PLTR, at $ 31.34, and since we bought around the $ 20, we are in a very comfortable situation. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Also, support this idea if it helped you! Thank you very much!
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by Nathan_The_Finance_Hydra
39
You must keep an eye on these points now! 👁Just as we expected, PLTR is just flying, and there’s nothing here telling me otherwise. Today we have an intraday consolidation, and this is good, because we have new points to look at. The 27.50 is the resistance we must see broken this week. The 27.01 is the support we don’t want to see PLTR losing. Let’s see the daily chart for a change. PLTR is at an interesting resistance, and if it loses the 27.01, we might correct a little bit. The RSI is quite overbought, and this is another thing that we should be aware. If PLTR loses the 27.01, we might see it between the 26-25s. Then we’ll see. Maybe we’ll have another buy there! Nothing scary. 😉 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
5
$PLTR - We will continue seeing correctional movementsThere are two clear Elliot Trend Waves. Both waves suggesting that we are heading towards consolidation/ correction. At the same time, the Pitchforks are being respected perfectly and so one can expect the price movement within these boundaries. For now, I am waiting and watching. If you find my analysis useful and helpful, please 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 - Weekly Swing Trade OpportunityWith PLTR gaining momentum over the past month, it seems primed to make a breakout over the dreaded 27.50 level. If we manage to get above it, we likely run to 30 due to there being little overhead resistance, and tons of buying pressure. A break above 30 leads us into uncharted territory. This is a relatively simple trade. Above 27.50 leads us up to 30, giving us roughly 10% profits at the end of the day. I'd keep a stop loss set at the 27.50 level after entering a position as we may trade sideways or fall out of the channel if we break trend. Good luck everyone!
PLong
by FluxTrades
Going according to our plan! 😎Palantir is obeying technical analysis and it is behaving according to the plan. Today it is breaking the 26.71, the breakpoint that would resume the bull trend, as we talked about I my last analysis. The only thing that could trigger a pullback is if PLTR loses the 26.71 again and make this a false breakout. But we are good for now, and we shouldn’t worry about what didn’t happen. The problem is that PLTR is overbought in the 4h chart, and if we see a bearish pattern here, it could trigger a pullback. But since we don’t have one, we are ok. 😉 Even if it drops, this doesn’t change our target at 30. I’ll keep you guys update in a daily basis! 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
8
PLTR - On a Bullish Track!-Palantir (NYSE:PLTR) reported stellar earnings on May 11 for the first quarter, showing massive revenue and free-cash-flow growth. I predicted that Palantir, the software company for the intelligence community, would turn free-cash-flow positive late last year. Now it has come true. The company’s FCF will continue to spike higher with revenue growth. And that will push PLTR stock much higher. -Palantir reported that revenue rose 49% to $341 million. But here is what is astounding. Adjusted free cash flow came in at $151 million, up $441 million year-over-year. This also represents a very large portion (44.3%) of revenue.
PLong
by caldooninvestment
12
PLTR - DELAYED ROCKETContrary to what the loudest Karp fanboy is saying, this stock (and other similar ones... QS, SPCE, CCIV) are still correcting. But there's plenty of opportunity to make GAINS. I show a clear 5 waves down which would be completion of A to the 786 retracement. You broke divergence which is more evidence of a C leg down. Clear EW subdivision shown. Right here we see an inverse Head and Shoulders pattern forming. NO - iH&S does not always mean bottoming pattern, it is just something to look for to know how to trade the neckline. In this case, we are anticipating it to serve as the bottom but FYI HS and iHS is never absolutely a bottoming/topping pattern. We anticipate the nearest high before the head to serve as the neckline. We see that w3 failed to hit the 1.618 extension, so we don't expect w5 to hit the 2.272. However, we notice it failed to hit even the 2.0. For this reason, I wouldn't be surprised if we poked above the neckline for a relative high up near $27. But we don't care. We are not long currently, and not interested in longing with this type of uncertainty and RR. What we are interested in longing on a retracement which we would expect with the completion of this impulse. Keep note of the inverse HS pattern with defining neckline and slope to to serve as reactionary points. Sometime you get false breakdowns of the iHS because everyone is watching it. I expect something similar, but will continue to monitor/update as subdivision plays out for this small ABC. Target $23 for a retrace to land on top of a pretty critical defining channel line (red). SL at $21.50 marked by critical price level (somewhat critical, somewhat arbitrary... need to define the trade some way to stay diligent). For this last leg, I really like the $30 target as you have a critical price level. There's also confluence by the 618 extension. However, typically we see ABC's play out to the 1-1.272, so that target is also listed near $33. It's going to take a lot of momentum to get up there. Targeting $30 gives a 4:1 RR which is favorable. Playing this with normal shares because why would you need more than a 25% gain capped at ~6% loss?
PLong
by warrenbudget
7
Where is PLTR going? 🤔We have been doing so well on PLTR! Today we had a consolidation, and we did almost nothing interesting, but there are some points that we must update. I see the 26.71 and the 26.26 as pivot points, and they are going to tell us if PLTR will keep climbing or if it’ll correct. If we break the 26.71, fine. But what if we lose the 26.26? Will PLTR fail forever? Obviously not, probably PLTR will bounce back to the red line, and this is it, then we’ll see. If it does a bullish pattern around there it’ll be great for those who didn’t buy PLTR back with us. Also, you might have a chance to improve your cost-basis. The RSI is a little overbought, so, if it drops, let’s not scream in panic, ok? So far, we are doing amazingly well, and there’s nothing to worry about this great company. 😉 If I see another buy sign, I’ll tell you guys! 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
7
PLTR: You know how to deal with gaps, right?Hello traders and investors! Let’s update our thoughts on PLTR today! First, it defeated the $ 25.23 area we talked about last week, but only after it retested the purple trendline one more time. Now PLTR is defeating its resistances, a nd there’re no pullback/reversal signs around. The 21 ema is pointing up, and it is another support level that could hold PLTR in case of a pullback. Let’s look for more clues in the daily chart: We have a secondary resistance at $ 27.41, but since PLTR has been defeating all its resistances, I see no reason to be concerned about this black line. I still see the gap at $ 31.34 (yellow square) as a target for us. Remember, gaps work as magnets for the price . So far, we are making about 30% on PLTR, and if it fills the gap, we’ll do more than 50%. Another trade we did using a gap as a guide was on PINS, which filled its gap today, and we bought when it did a bullish engulfing in the weekly chart. I didn’t write a free analysis about it, though, I’m just telling this for educational purposes , to show you how to use gaps in your favor. This tells me that PLTR can hit our target, we just need to be patient. If you liked this analysis, remember to follow me to keep in touch with my updates and ideas, and support this post if it helped you! Thank you very much!
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by Nathan_The_Finance_Hydra
2
I told you something great was about to happen! 🤑Yes, as we said yesterday, something great happened today! PLTR is doing a lot of good movements, all very technical and precise. As we warned about yesterday, the 25.55 was a breakpoint for PLTR, and once broken, it opens room for a bullish momentum. Once again, we are above the 26s, and we are heading to the 30s. We just touched the resistance at 26.22, and I think we’ll break it. Maybe it’ll bounce back down to the red line again, maybe not. Our target is still the 30s. 😊 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
10
About to do something great! Watch these points! 👍In the 30min we have a trading range between the 25.05 and the 25.55, and to the side it breaks, we’ll see a big movement afterwards in the breakout’s direction. The RSI is enigmatic, and don’t give us any clue about to which side it’ll break. PLTR is in a slow bull trend, but if it breaks the 25.05, it’ll most likely lose the red line and it won’t hit our target as soon as we expect. On the other hand, if it breaks the 25.55, then I believe we’ll start to fly again. PLTR has been losing its volatility, but at one point it’ll recover it, and we’ll see some nice movements next. Let’s keep our eyes open around these two breakpoints just in case. 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
7
Palantir is putting a smile on our faces. PLTRStrong, strong evidence of an impulse start on Palantir after previously surprising us. We evidently pivoted and are drawing higher highs in regular intervals. What's next? We are ready to bet that this one is going higher. This is a reflection using technical analysis + only and we do not consider valuation and macro factors at this stage. The Fibonacci targets going down are highlighted in purples 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!
PLong
by Rykin_Capital
1
We aren't going to 26... We are going to 30! 😲Hey, guys! Yes, PLTR can break the 26 target and hit the 30s next! It’ll all depend on how it’ll deal with this pivot at 25.55 in the 30min. If breaks this point, I believe it’ll break our target at 26s, and the 4h chart shows a similar idea: The pivot at 25.55 is also a trigger point for the hammer seen today (black arrow). PLTR did this pattern in a support area, and this is a nice buy sign. We just have to be careful with this red line, tho. This will make PLTR gain momentum again, and the 30s is the next stop for us! Let’s watch this pivot! 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
8
Is it still going to the $26? Yes! 👍PLTR almost hit our target at 26, and I still think it’ll hit there, but we have a correction first. The RSI was too overbought this morning, so, that was expected. Now the 25.04 is a breakpoint for us, and if PLTR loses it, the advanced breakdown on the RSI will confirm. This could make PLTR drop to the 24.60 area in the 4h chart. We have the 20ma and the red line as supports, but the BB are getting tight again, and this tells me PLTR could explode again soon. The question is if it’ll do a pullback before that or not. The 25.04 will answer our question. But regardless of anything else, the 26 is still the target. 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
8
This is it, going to $ 26 🚀Yes, PLTR what we said yesterday, and it broke the 24.93! It even did a pullback to this point (and the 20ma) to give us another chance to buy. Now PLTR is just going up and we have a bullish momentum in course. If it falls again, probably it’ll react and give us another chance to buy. Although we are still in a congestion, PLTR has been breaking its pivots, so, we can assume the trend is becoming bullish. How could things go wrong? If PLTR loses the red line. But for now, PLTR is just heading to our target at $ 26! Maybe we'll see some bumps around, like AAPL did with us, but this is our target! 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
Good news here on PLTR! 👏👏Yes, PLTR did the pullback as we expected, and it hit the target we mentioned yesterday. In the beginning of the day, PLTR opened outside the BB, but it closed the first candle inside it, indicating exhaustion. It also hit the support we talked about in the 4h chart. But before we switch timeframes, look at the pivot at 24.93. If PLTR breaks it, probably we’ll see it going higher in the next days. The target we talked about was the red line, which worked fine today. If PLTR breaks the pivot, the 26 is the target. But if PLTR loses the 24.18 then the bullish configuration won’t work anymore. 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
5