Gold is set for a breakoutHello traders and investors! Let's get into the business, shall we! We can see gold ina downward wedge and also a triangulation pattern. This is bullish as once the lines converge, there is a high chance that the price of GOLD will raise significantly. The RSI is maybe gonna go into oversold territory, before bouncing back to the high 1800s- low 1900s. The macd converged again, which signals a bullish setup could play out. I think you should buy GOLD when it dips below the range in the RSI, signalling a buying opportunity or when the commodity triangulates. Warning! I am not a financial adviser and take this with a grain of salt. Happy trading!
PLTR
PLTR: A very STRONG support level for PLTR!Hello traders and investors! Let’s see how PLTR is doing today! It reported Earnings, and it is dropping sharply today, but how to proceed now?
First, since it lost the Key Point we discussed in my last analysis, it just dropped to hit the next target, which is the $ 28.07. If you missed my last analysis, just check the link below. The Key Point was the dual-support level made by the purple trendline and the gap support at $ 34.04.
The trend is clearly bearish, at least in the short-term, as the 21 ema is pointing down, but we don’t see clear lower tops/bottoms (except in smaller time frames), and the 21 ema is too far from the price. Since we just hit a support level, now is the best time for a bullish reaction . You might be asking, why is this black line a support level? The daily chart will tell you why:
The $ 28.07 was a previous top level for PLTR, and according to the Principle of Polarity, it is supposed to work as a support now.
Today we had a Gap (yellow rectangle) and the volume increased a lot, and since we are near a support level, this could be signs of exhaustion of the bear trend, a nd this gap could possibly be an Exhaustion Gap . This week we'll know what kind of Gap this is.
If PLTR loses this black line, the next target will be the $ 22.50 (green line, previous bottom), but it won’t be easy, as it’ll require a lot of strength for PLTR to hit there without a pullback first, at least in the 1h chart, given all the information we had: Possible exhaustion gap with high volume, near support level, and far from the 21 ema in the 1h chart. This is a quite strong support level.
But so far, we have no confirmation of any bullish reaction, so, we must be careful.
Let’s monitor PLTR closely, and if you liked this analysis, remember to follow me to keep I touch with my daily updates, and please, support this idea if it helped you!
Thank you very much.
PLTR - Bought the dipI bought the dip today. May regret tomorrow lol. This stock has a-lot of hype always and I don't imagine it will take long to recover.
AAPL's Bull case and Bear case.This is going to be different this from my other posts, are gonna be more unbiased and diving deeper into AAPL. As you can see from the arrows, it showed when the stock broke out of either downward wedge pattern or consolidation or continuation pattern. Both of these are considered bullish with the continuation cases like AMZN consolidating then broke off and also in this case too, AAPL, which broke to new all-time highs a month past today. Currently, AAPL is in both a short continuation pattern and also a downward wedge. If AAPL holds this position and does not fall threw below the 130s, it has formed a double bottom pattern. This is also a bullish signal in it itself. The MACD diverges again and again, which is also bullish. Now as I am always talking about being bullish, let us talk about the bear case or why it will fall. AAPL currently is depending on iPhone sales for the company to grow, which is a disadvantageous position as if AAPL makes a bad iPhone, expect it will drop 5 or 10% after earnings. As AAPL is attempting to diversify into the services sector, it has hurdles to overcome like in the streaming sector, it is trying to break through into it but the current dominator in that space are Netflix and Disney. While with both its pros and cons, I believe that AAPL is an amazing company to invest in as rest assured, the odds that AAPL will go bankrupt are lower than you getting struck by lightning than getting slapped in the face by a middle school student, who is wearing heels and just ate Japanese food, which came from a gas station. It has a lot of cash in hand or $195.57 billion in cash on hand. Big companies like Berkshire Hathaway and other tech companies invest in it so rest assured, you will not lose all your money if you put it in aapl. In conclusion, I am bullish on apple and will continue doing so and continue investing in it, even if the markets are a tad overvalued. Warning! I am not a financial adviser and take this with a grain of salt. Happy trading and investing and make sure to hit follow and like and comment on this post to get this out to more and more people! Good luck on all future endeavours everyone
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PLTR 1-2, 1-2this morning is for buying 💰
that pull back into my golden zone was one of the most bullish scenarios that could have happened.
Palantir - Great Buy Opportunity-After releasing the fourth quarter revenue totaling $322 million (up 40% year-over-year) and adding big names into their contracts in the past 3 months such as PG&E, BP, U.S Air Force, and the FDA, PLTR was looking bullish.
-However quarterly losses are what accounted for today's drop which came at a total of $156.7 million losses while the street expected $48.1 million.
-Purchase strategy:
At this point, we would strongly recommend buying PLTR if it reaches one of the support points that we will list below and will initiate an uptrend from there.
Potential Support points: 28.96, 23.38, and 17.92 (worst case scenario).
PLTR to 40$ SwingGreat buy opportunity for the stock, entry between 30.5-33 is optimal.
Rsi signals that stock is oversold and MACD is about to give us a buysignal.
Earnings are coming on 16th of Feb, i see great potential.
Also think this could be a great longterm investment.
Think we could se the stock hitting the 40$ mark within 2 weeks.
Broken above traigulation!AAPL is gonna break out this week and I have bought a call option with a strike at 142. Now let us become unbiased again. Since it broke out of the triangulation pattern after many days of red, i think it is gonna go raging bull and shoot up. I believe that 130s is our new range for the moment as we surpassed the 120s and might even make the 140s our new home. The macd already diverged but will it again? I predict it will brak out into the 140s this week. Warning! I am not a financial adviser and take this with a grain fo salt. Happy trading!
PLTR long swing trade ideaOn hourly chart, there is clear bullish falling wedge. Objective entrance when it breaks out of bulling falling wedge. If it gaps up, maybe take a small position in case it rips, but otherwise add on when it back test the wedge. Oversold reading on RSI and divergent low additionally increase odds in favor of bounce here. $31.18 is a solid support. Probably set a stop somewhat below depending on your target.
Have a good trade everyone,
T.
PLTR 16th FEB. PT FOR THE WEEK.It's currently at support level. Easy 4/20 rr on technicals. Even better rr of 4 / 60 when we look at it through speculation and hype. 50-55 dollars is a realistic PT in case PLTR ends up with a new collaboration and gets hyped again (like it usually happens)
PLTR Trade SetupSwing Trade on Retracement.
Supported by 20 EMA
Low Volume / Small Candles on Retracement
PLTR Bullish IdeaIf PLTR is above $30 I am seeing a move to $55 in the next few weeks.
If PLTR falls below $30 we can see $24 next.
Palantir 🪐There's a lot more to this trade than meets the eye, but I'd like to keep things visually simple.
(half sized)
3/19 40c
3/19 45c
4/16 40c
4/16 45c
will take the other half of this trade if it gets down to the previous local low of 30.58.
Clean exit just below the previous high of $45.
Note: 2\19 max pain sits at $31, so there is a chance we grind sideways until then.
~I have a feeling we don't though; all those $35p's will probably expire worthless.
Palantir In a Bearish ChannelIt appears PLTR is trading within a bearish channel. With lockup expiration looming next week, I don't anticipate breaking out of this channel in the short term.
PT after lockup: $29.
Palantir should bounce here/ LONGPalantir is in a strong uptrend and I am expecting it to continue pushing higher, we should see storng PA at this level.
PLTR BULLISH LONGIf PLTR graph break occurs, BULLISH
Entry here is risky. Waiting for the chart break to buy the stock reduces the risk. Those who want to take risks can enter here and earn high profits.
PLTR performing the ABC correction in a rather neat pattern I've linked the prelude to this chart, slighty adjusted here to take into account the ABC correction. This in my opinion is a healthy correction, healthy movement before finding it's feet onto wave 5 (hopefully)
Remember, analysis is one thing. Not trading advise.
PLTR set to flyBullish bat pattern complete. My last bullish bat on EXPR scored some nice profits, will PLTR line out to do the same?
PLTR rsi is oversold, possibly pinned off the 200MA. I waited for it to start rising out of the bat here and will wait a bit more for entry long on this bullish bat pattern.
My entry is the buy signal that I set to alert me on my iphone as I sit on my private yacht... one of those may be a half lie..
Good luck traders!
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$PLTR we've seen this before....PLTR - consolidating after breakout fueled by demo day 1/26. Now with the next catalyst about to play out next week (earnings check) . We will see if PLTR can push for another all time high
Update on Palantir Chart (Gann Fan)There is no doubt that Palantir is a longterm buy..!
But it is highly likely that it will be at limited fluctuations between 30-35.
Something like 27 November- 21 January
PLTR Trade Update Updates on our existing PLTR Leaps from 2020. PLTR remains strong making new highs. Our Leaps from 2020 has moved deep ITM, look to book partial profits and move stops to break even if PLTR reaches wave 5 upside.