PLTR Technical Analysis.Still PLTR not able to broke that triangle now I think it go for a dip for create new uptrend, we possible see broke out towards up.
See my previous week analysis.
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PLTR
PLTR D Chart AnalysisTodays close should determine trend more significantly.
Possible bullish setup for short term Target around 30$+. STOP Loss should be setup on your R2R
Disclaimer: This is my personal study and should not be considered as any trading or setup confirmation for investments of any kind.
This is only for my education expedition around TA on stocks.
looks like a breakoutPlease note: I'm just sharing my view. its not a recommendation for buying or selling
$PLTR - Risky April 100-200% possibilityI was bullish on PLTR before with a PT of 36-44 for the coming months. Seeing the interest and amount of shares being bought by Wallstreetbets & CITI and Jefferies opposing price targets, i believe this stock is going to explode multiple times more than PLUG or GME. Short vol ratio is 0.3 which is amazing, money is flowing into this stock like CRAZY but the price is nice and steady. Anyone who thinks they'll be able to short this successfully is going to get burned hard and will need to further cover their shorts causing an even more massive short squeeze.
The stock has finally started moving upwards last week as i previously predicted. After being loaded up SO MUCH it can no longer stay where it is no matter how hard it's being squashed. It's going to move up non stop and once the big institutions realize they can't make this stock fall to their preferred buying price, they're going to FOMO before they miss out on this causing the stock to go even higher. This & wallstreet bets buying this like crazy is what will cause the 100-200% share increase in the coming FEW months.
I have a 255k share position at 26.82 & some insignificant calls for February, March & April.
To be clear, i've gone full schizzoid mode on PLTR. I lose sleep every night in excitement over the gains i'm going to make off PLTR's boom. I was unable to sleep for 36hrs yesterday. I read their 311 page prospectus, i non stop scrape the entire internet for mentions of PLTR every 2 minutes non stop all day almost 24hrs a day. I can see biased mainstream media articles coming out mostly bashing PLTR, biased analysts coming out with intentionally low and bad and not well done analysis and PT's for PLTR based on the previous earnings which is a MASSIVE rookie mistake on their side. Jefferies who gave them the $30 PT kinda gets it. Citi's young and green Tyler Radke has it wrong and feels like he's read some negatives in PLTR's prospectus document and hasn't taken in any positives thus his research and DD is likely quick and short and not accurate. He probably believes the $10 PT. He needs to spend more time doing PLTR DD rather than using normal basic analysis and spit out PT's, it's not as simple as he's making it out to be. Too green. I'm from a software development and management background and i consider myself more of an expert than Citi's analyst to speak about PLTR especially with the 1 and a half month of non stop PLTR DD.
SOROS & LOCKOUT CONCERNS:
Read my slightly outdated but mostly accurate DD here and put your concerns to rest. Buy PLTR now and buy in big. The rocket is MASSIVE and is loading with MASSIVE amounts of fuel. Had many weeks of 50 mil volume everyday at a shortvol ratio of 0.3. Do the math don't be a sheep.
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PLTR EXPLODING TOMORROWThis is a classic bullish pennant. Today the price dropped to the low end... I was planning on buy a call option tomorrow morning around $30 strike. With PLTR in the red, the options would be even cheaper making me a genius ;)
Unfortunately for me, the queen Catherine Woods bought PLTR after hours, and the price is just about to hit the top end of the pennant (current price at time of writing is $26.61).
Tomorrow morning, during Pre Market & at the Open, PLTR will explode and hit AT LEAST the peak of the impulse move that formed the pennant ($33.50). Posting this now so I have a reference I can show people when I tell them I can see the future 👀
Tomorrow morning wallstreetbets will be exploding with a bunch of 🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Textbook volume shelf rejection $PLTRVolume shelf analysis helps us find where buyers and sellers are. A $PLTR volume analysis anchored to december revealed a volume shelf at around 27.00 price point, this was in alignment with a minor key level. As the broke upwards today, it hit a wall of sellers at 27.00 and the price rapidly collapsed. This bounce exhausted some supply, so the next time we visit 27.00, there will be less sellers and the bounce won't be as violent.
PLTR 4hr ShortPLTR Short
Pink highlights previous rising wedge that PLTR was moving between. After breaking through support PLTR now trades on downward channel. After breaking support or resistance we will know the likely direction of future trends.
PLTR asking for the 4th time; price is in a tight squeezeHello my dear padawans. Let's talk about our beloved PLTR. The price headed against the $26.6 resistance today for the 4th consecutive time. It broke above in what seemed to be a breakout but volume was not on its side and the price was pushed down again. The current candle is not what you want to see if you own the stock. It shows a lot of sell pressure around/above the $26.6. On the positive side, the moving averages (the 14 ema specifically at this point) have been supporting the price and moving up. The result of these opposing forces is a very tight price squeeze between $25.5 and $26.6. The bias is still bullish (continuation of the previous trend--see my previous chart for more technicals) but nothing is guaranteed in these markets so you need to exercise patience, discipline, diligence, and suppress emotions. That's the path to becoming a jedi investor.
As a side note, keep in mind Impeachment trials started today (again) so the market is pretty flat. The technicals remain the same.
Safe trades!
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Update PLTR Inverted H&SWhere everyone sees a bullish penant forming, I see an inverted H&S. Might not be the most academic one, but so far we are in. Stock is acting as planned.
- Macd cross on the 4h chart
- We start seeing some volume accumulation on the daily chart
The way I see things, is bulls pushing prices hoping for some good news, or hype, related to the demo day. As nothing transcendental comes out from demo day, Bears will try to take over to form the right shoulder, and as they don't reach left shoulder low, we have a trend reversal confirmation. For the rest, Thiel will probably use his "magic" during Earnings conf call so we have a breakout of the neckline.
A PLTR Breakout around the cornerHello!
Another very promising symmetrical triangle or bull flag, with a target of 35.
I expect a possible retracement to the lower trend line before breaking out.
Could be a good bull run up to earnings on the 11th of Feb
Share your thoughts :)
NYSE:PLTR
$PLTR - Schizzo Technical AnalysisTake away from this what you want. Point is we're bullish.
New trading range to become 34-39 with a 44 ATH.
PLTR formed a pennant; possible breakout soonThe pennant is a continuation pattern (of the previous trend) so PLTR may be looking into a move to the upside sometime soon. The price moved up today and headed against the $26 resistance several times. It even broke above it but was not able to stay above that level. However, we closed the day for the second consecutive time above the 14-ema and 21-ema, which is a bullish signal. MACD is curling up and +DI touched -DI and moved back up, which in my experience forecasts a move up. I am watching the moving averages. The longer PLTR holds above them the stronger they become as support. It is important to keep in mind price could also continue sideways when the pennant is completed but if a breakout is confirmed PLTR may be looking into a nice rally.
Safe trades!
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***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
PLTR breakout -wedge formationNYSE:PLTR NYSE:PLTR
PLTR is currently forming a wedge and could likely breakout around Jan 20 th .
PLTR Technical AnalysisPLTR brake that triangle and create new uptrend, we possible see broke out towards up.
See my previous analysis.
If you agree then like and support me.
Mention your thought in comments :)