PLTR
What we can expect from PLTR?Hello Guys, I would like to introduce to you my idea about the future of PLTR . I am a holder of 1000 shares from 24.01$ and I am long till a minimum of 200$.
After the last week, we got few red days including yesterday, but as an Elliott wave trader, I can see an opportunity to jump in as like in AMC, I think we reached the bottom as you can see we already bounced few times from the support lane. After carefully checked the Fibonacci lvls, you can see that we bounced exactly from 61,8 for the 2nd wave of Elliot. The question is when we will start the Gamma Squeeze, maybe it will be on 19/3 ?!?, who knows. But in my opinion, the Gamma squeeze will be the 3 wave of the daily Elliot, till 81$ - 117$ range, It all depends to us, how long we will keep our Dimond hand.
Just HOLD Guys, we can make it <3
PLTR - Diamond WatchIn looking through high multiple names this one stayed right in EQ through-out the sell-off. Top bounce watch. The siren song of Friday Weeklies..if we bounce.
PLTR bullish everythingBlueWave gave us a buy signal + Bullish Divergence.
RSI Oversold - & sitting on the support line
$PLTR on historic supportHello traders. Let's get right into it: PLTR has tested the $23-$25 support range multiple times the past few months (about 12) . That level was tested 6 times the past 10 days or so. So far it has been holding like a champ. For that reason I think this is a relatively safe place to start a trade because if that level holds we will most likely see some upside sometime soon (perhaps modestly at first due to fear in the market). If we break below that level we can potentially revisit lower lows.The next support is around the $20-$21 range. Below that there is some support on the $16-$17 range.
I believe this is an optimal entry because you can exit the trade with minimal harm if the price breaks and closes below the support. Additionally, there is bullish hidden divergence between RSI and price and MACD is in oversold territory. Finally, volume is decreasing considerably (though still above average), which means sellers are getting exhausted. If you want to be more conservative you can wait for a MACD crossover and move above the 0 level to place a trade. If you are a long term investor I think this is a good buy opportunity. That support zone is solid like a rock. Let's hope it keeps holding.
Safe trades and good luck!
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
PLTR volume slope/MACD price divergences 2hDowntrend is getting weak. MACD and volume slope lines are diverging from the price. I also noticed how WEAK was 38 USD second peak. I mean it! compare volume near that level or near the first run(to 38) and the volume now near the bottom. Interesting isn't it? Either we got a lot of new buyers or people don't know if they have to sell or buy which results in a lot of transactions. Uncertainty s never good in my opinion which I consider as a trend drawback.
Palantir will load more at $20PLTR declined 9.2% in the last trading session, 17.4% over the past five days, and 37.2% since February 9, in part because insiders sold shares following the expiration of the lock-in period following the stock’s listing. Insiders were initially allowed to sell just 20% of their shares; the limit on their ability to sell their remaining 80% expired last week. While insider stock sales don’t necessarily suggest a company’s weak prospects, PLTR’s recently released mixed fourth quarter (ended December 31, 2020) results could be a reason for worry for investors.
PLTR Entry Under 25$PLTR has been beaten down from its ATH of 45$ which is largely due to the state of a volatile bond/stock market. PLTR is an incredible company that dominates its industry and has also diversified its revenue streams away from government contracts towards the private sector. Famous growth investor Cathie Woods has also been buying the dip heavily on PLTR which signals to me that she believes that it is massively undervalued. PLTR has been trading in the 23$-25$ for the past week showing a possible bottom for it. After the suspension of the shareholder lock up, as well as positive retail investor sentiment, and massive growth potential, I see PLTR retesting its high of 45$ in March, nearly doubling from its current price. This is not financial advice, I am not advocating the buying or selling of PLTR stock.
Watch for a huge breakout! $38 could be coming very soon! $PLTRAs soon as we break that $30.50 resistance there is so much more room to go up. Could see $38 very fast
BUY PLTR - PURELY TECHNICAL STOCK ANALYSISIt is evident from the chart a clear support level has been established, but not only that, it has been respected. On that basis, it can be said it is likely PLTR will continue up for the foreseeable future.
*NOT FINANCIAL ADVISE, MERELY AN OPINION*
Reverse Head and Shoulder complete , once Selling pressure over Feel Free to comment
Pattern complete
Once selling pressure from insider are over we will reach new HIgh
Target : re test 43$ before May
PLTR Falling wedge pattern! Look for a reversal!$PLTR Palantir Tech
Price Targets:
1. $27
2. $29
3. $32
PLTR has been seeing some strong declines over the past month making lower lows and lower highs and formed a classic falling wedge which is a bullish pattern. There is a divergence in RSI (was below 30 for the past few days) and RSI is currently around 45 again divergence in RSI is also a potential bullish signal.
PLTR broke out of wedge in the opposite direction today which is a sign of a reversal. Volume is relatively low. Need a good volume confirmation before opening a long position.
Good luck and trade smart! (not a financial advice)
PLTR LongSo much confluence on this setup, with a good market sentiment and momentum i think it will have a huge run in no time. Very high watch for me, currently loading in the entry zone for starter position, will have a full position on the break of the wedge with volume. Happy trading :)
$SPY Buy the Dip? 3/1 (ITS BOUNCE OR BREAK)Here is a video breakdown on $SPY going into the first week of March! Futures are currently green but can it hold up?
$PLTR Perfect Bounce at $22! Next Bounce a Breakout?How's it going everyone! Hopefully you all have a great weekend! Here is a follow up Video breakdown on $PLTR going into March!
PLTR Falling Wedge ReversalPalantir got beat down this week due to the broad selling in every sector but is still a high growth, fundamentally strong stock to have. We see a falling wedge reversal pattern forming, ranging in a tight cone from the past couple of days. After hours, news dropped that Cathie Woods from ARK was buying, which lifted shares up almost 3%, and is currently trying to break out of the wedge. RSI looks healthy after cooling off on all time frames proving that PLTR is oversold. We are in PLTR spreads, and are waiting for a confirmation break out of the wedge. Entry Above 24.4, PT1 27.3, PT2 30.1, LT PT 45+, SL below 22.7
