PLTR
PLTR: Should we worry about it?Hello traders and investors! Let’s talk about PLTR today!
The bull trend is very strong here, but is there any reason to worry about PLTR? Let’s see. First, I would use the black line at $ 33.50 as a guide , because if PLTR trades under it again, we may see a pullback ahead.
What’s more, if it loses this black line tomorrow, it’ll trigger a bearish pivot and a H&S chart pattern . The 21 ema worked as a resistance in the last few hours too, so this wouldn’t be a good sign for the short-term.
Let’s see if the daily chart has something else for us:
PLTR triggered an IH&S recently, when it defeated the black line at $ 28.07, and it did a powerful Ignition Bar, above the 21 ema, with good volume.
Now, despite the bearish signs in the hourly chart, I wouldn’t be too concerned here. See why the $ 33.50 is important? It was the previous ATH in November, and according to the Principle of Polarity , it is supposed to work as a support right now.
What’s more, even if PLTR loses this black line, the 21 ema is getting closer to the price, and this would be another support level, limiting the intensity of a sharper pullback here.
Also, the sudden increase of the volume is another very good sign, as the volume is the fuel to a trend. If we were having a sell-off, PLTR would drop with high volume. Since last month, I think PLTR is a nice buy, and you can check my previous analysis if you want, the link is below as usual.
And follow me to keep in touch with my daily studies, and please, support this idea if you liked it!
Thank you very much!
PLTR: Correction drop, but will be breakout again!PLTR: Considering some analysis to Palantir we can see that this company has a good standing, and also they are getting a lot of contracts. By technical view we can see that the stock is correcting itself now, after many traders were in, and it was expected a drop in price. But in the meantime if we see also with Fibonacci we can see a increase later on this stock. It was increased up to 40% in the begining, and now is stalling, but it will breakout on the days ahead.
In my opinion PLNTR is a worth investment. It is a bull stock!
NYSE:PLTR
PLTR clean ABC complete. Off we go.Chart shows the fib extensions for clean ABC and subdivision of C. I have us going up a 3rd wave of the 3rd wave with the 1.618 extension of 1 to 2 at $58. The biggest hurdle will be breaking out of this channel. If we can't break out of the channel, looking for IPO range prices (think BTC 2018 correction pattern for a triangle).
PALANTIR Technical Analysis.PALANTIR recently broke that triangle and make new all time high. Overall PLTR still bullish but right now it ready for doing some correction towards our previous resistance (30$) consolidate their and continue it up trend.
See my previous analysis.
If you agree then like and support me.
Mention your thought in comments :)
PALANTIR Technical Analysis.PALANTIR recently broke that triangle and make new high of this year. If you look at the volume it increase instantly & last time when it happen the stock sell increase and price down rapidly. But this time I don't think it go that down because of the demo day & PLTR recently got some big contract too, So lets see what it do fall or takeoff.
See my previous analysis.
If you agree then like and support me.
Mention your thought in comments :)
PLTR stock was bought by ARK! where stock price go? Palantir (PLTR) we missed you in action in the last month and a half... I covered what the company does and how in the previous idea I wrote in Nov -link here
So Palantir acquired new contracts in the health sector last month and as it seems now – their technology can integrate in any major corporation and improve efficiency dramatically.
This means that Palantir will acquire new clients organically based on user experience that is proving as very efficient and successful – which is the best advertising you can ask for 😊
Shares of PLTR were acquired last night by the notorious ARK invest – they bought 497,100 shares exactly and this is the first time the company is acquiring PLTR which means to us they believe in the company but more importantly, they think the stock price is reasonable if not underpriced!
So, let’s go on technicals – this one is pretty easy and clear
• We had an impulse wave that took the stock above the 30$ line.
• Once wave ended and people abandoned the stock it dropped to 24$ line
• Now we see in the last month it formed a sideways trend between 24$ to 28$
• After ARK news I expect the stock to go to the 28$ line and retest resistance – this will be our first target
• Second target will be breaking through the 28$ and giving us a high on the 31$ line – touching previous resistance
• Third target will be after breaking the 31$ and going to 34$ where we have our highest high and doing accumulation on that level so the stock can potentially break out to new highs – even 40$, we saw the SAME exact behavior on JUMIA this month and it eventually broke out
If all targets are achieved in the upcoming week or two (the market is very fast these days) then we can aim to take some profits at 40$. if we see the PLTR dropping to the red zone on the chart at below 24.00$ we can assume this analysis is canceled and should be ignored
We at FDGT truly believe Palantir has a lot to offer and their product is going to disrupt technology and innovate it to new levels as artificial intelligence is here not just to stay but to take over and companies that will not combine artificial intelligence in their software will fall behind, so this is only the beginning of PLTR , and we are very bullish on this stock in the upcoming years
Closer look (1H chart) :
Please remember to do your own due diligence, we are not certified to give any financial advice.
Happy Friday !!! trade safe
US Stock In Play: $PLTR (Palantir Technologies Inc)$PLTR further reinforced its technical strength, with a rally of +11.20%, closing at an all time high level of $36.23 that was previously highlighted two days ago. The intraday trading range of $PLTR exceeded 35%, marking it as the most volatile session for $PLTR since its IPO. This is coupled with 191.35 millions worth of shares traded during the session, exceeding 165% of its average.
Price volatility for $PLTR continue to uptick towards its peak of $3.00/day, giving substantial traction to break $40 round number resistance ahead of its inaugural Demo Day today at 4.30pm US ET.
PLTR Bullish Symmetrical TriangleBullish symmetrical triangle has formed on PLTR...Watch price action... If a breakout occurs there should be some nice quick upside to $34
PLTR Break outI'm still in PLTR . This relatively new IPO has been performing as expected. Good gains so far, so what now. Is it time to sell? I don't think so, I see this as a buy if you missed getting in early. It looks like a consolidation pennant starting to break out. I see this stock as a long term hold anyway, so timing isn't as critical.
Palantir Update - $45 targetWe might see consolidation but eventually this set up looks extremely bullish. Breakout of a symmetrical triangle, retest and a power move up. Expect the next leg to be equal to the height of the symmetrical triangle we just broke out of. Any dip should be bought.
$COTY and $PLTR - a look back at this past week$COTY was my first losing trade of 2021. But I wanted to go back and see what happened when compared to my winning trade on $PLTR.
As you can see both had great runs a few weeks prior. They both then consolidated, and bounced around the new volume shelf. On Friday however, one broke one way and one broke the other way. I would trade this setup again if it presented itself. I think most of the time this would break in the upward direction. It's possible that this was just a good old fashioned shake out, and it took out some stops below. There are more gaps in the run up on $COTY and it's possible some were pushing to fill those gaps? Not sure. Only other difference I could see was that $COTY closed below the 20MA the day before. $PLTR was still above the 20MA. But it wasn't so far below to ring any alarms. Seems like typical chop around a level of interest.
Anyway, let's see if $COTY offers another entry later, but I have moved on and now looking at other opportunities.
Any thoughts on why $COTY broke lower Friday? Let me know in the comment, would love to hear other's takes.
A review on the last trading week(19-22 Jan 2021)Here I provide a review on my discrete stocks and option analysis published in the last trading week(19-22 Jan 2021). These are technical analysis I published in the last week separately ( not in the 25 recommended portfolio of the week)
January 18th:
- EURUSD @ 1.20793 buy
- XAUUSD@ 1838.66 buy
January 19th:
- VISL @ 2.31 gained 9.6%
- IZEA @3.91 gained 20%
January 20th:
- APPL call option gained +70% (in 2 days)
- EYES @1.95 loss -0.005
- ITP @ 0.8192 loss -6.4%
- RWLK @ 2.22 gained 18.4%
- OBLN @ 8.22 loss -26.7%
January 21st:
- MCUR @ 0.5895 loss -0.007%
- AYRO @ 6.95 loss -0.002%
- METX @ 2.07 loss -1.5%
- GNUS @ 1.47 gained 6.8%
- FUBO @ 34.75 gained 6.8%
- JE @ 5.47 gained 25.2%
January 22nd:
- PAYS @ 5.05 loss -1%
- OPTT @ 4.32 gain 29.6%
- MTC @2.41 gained 1.2%
- PLTR call option +285% (in 4 hrs)
Even if you do not consider the astronomical gained 285% & 70% in the 2 option trading I recommend, and put gold and EURUSD aside, you will see a 5.46% gain in less than 4 days(volume-weighted) which beats gains of S&P 500 (1.92%), Nasdaq (4.39%), Dow Jones(0.59),and ARKK (2.94%).
Single recommended Stocks plus Options has had 46.58% gain(volume weighted).
I just checked the ETF data base and find out that the best performed ETF of the last week was TAN with 13.3% gain in the last week..!(5.02% less than my recommended 25 stock portfolio for the same time period)
Don't forget to like, comment, and Follow to encourage me to continue this.
You can even send TradingView coins to support me publishing high quality ideas..!
Stay tuned, great live stream and quality content videos coming soon..!
I will publish the list of my recommended 25 stocks for the next week at 9 p.m.(Pacific time)
PLTR, Correction Wave and Major Breakout. Options play.Fib Extension perfect new high and retest previous high of 30$ is the perfect 38% of this breakout assuming is over and ready for correction
PLTR - Perfect bullish pennant breakoutPLTR formed a perfect bullish pennant breakout last friday price close! More upside possible, watch price action closely on previous ATH.
Not financial advice.
$PLTR Demo day is going to smack$PLTR is on the verge of a breakout with a major catalyst underway. As long as $VIX & $SPY play nice, $PLTR is set up to rip.
$PLTR Demo day
www.youtube.com
GDRX - Bullish pennant forming on dailyGoodrx is in the cloud software healthcare sector. Nice looking bullish pennant (lower highs , higher lows) on daily with over 28% short interest. Finviz has a $48 price target. Microsoft has earnings next week, so they should push all SaaS/Cloud stocks next week. Good luck!