Palantir at a Critical Turning Point – Big Moves on the HorizonAlright, here’s the deal with PLTR. I’ve been keeping a close eye on it, and right now, it feels like we’re standing at a fork in the trail—one direction leads to a nice payday, the other to a bit of backtracking. The next couple of moves will tell us which way we’re headed.
We’re hovering around 42.75 right now, and if we can break above that with some force, 43.91 is my first target—good spot to lock in some profits. But here’s the thing: if we can clear 44, that’s where the real fun begins. That’s the confirmation we’re looking for, and from there, I think this could open up a much bigger move.
On the other hand, if 41.65 doesn’t hold, things could get a bit rocky. I’ll be looking for price to drift down into the 41.28 - 41.00 range. Not ideal, but hey, markets don’t move in straight lines. That’s where I’ll watch for buyers to step back in and give us another shot at the upside.
The key here is patience. If we get the breakout, I’m ready to ride the wave. If we pull back, no sweat—I’m not in the business of chasing trades. You gotta play this game cool, stick to the levels, and wait for the setup to come to you. No need to rush it.
It’s kind of like hiking. Sometimes the first path up the hill looks tempting, but the trail turns steep, and you gotta fall back to find a better route. But when you do find that clean path—man, the view is worth the wait. That’s exactly what this trade feels like. If we clear 44, we’ve got some clear skies ahead, and I’ll be ready for the ride. But if not, I’m content to step back and wait for the next chance to make my move.
Let’s see where this takes us—either way, it’s gonna be an interesting climb.
Mindbloome trader
Pltranalysis
SMCI to get back up to 1000$ ?SMCI has an awfully similar chart to PLTR, both of them hit all time highs, and then crashed. Smci is now at its all time lows and is going to stay there for a bit. PLTR on the other hand, did hit an all time high and also fell. But, it has recovered and is on track to hit all time highs again. I think that SMCI is going to trace the chart of PLTR and go back to around 1000$-900$. Both companies had a big boom and at the top, were overvalued, and came crashing down. NVDA might be experiencing the same.
PLTR - Earnings pop incoming?I've put a lot of thought into this one. This chart is in log mode as the wide range of prices covered are smoothed and reveal the potential true picture. I give a primary bullish scenario but caveat with multiple different potential outcomes given certain price actions. Trade at your own risk.
As you can see, PLTR put in a significant top near the 61.8% retracement of the major move down from January 2021 to January 2023. In linear mode, it's also a 61.8% retracement (not shown on chart) of the September 2021 top from the January 2023 bottom, further confirming how much of a massive resistance level it is.
Elliot Wave indicates that this was a 3rd wave in a 5-wave upward impulse. For that to be true, PLTR will need to hold the $12 area if it is going to continue down leading into earnings. Should it hold there, the potential for an earnings pop is at our fingertips. If you look at the 2nd wave of the current 5-wave move up, the same thing happened with earnings there leading to a massive move upward into our very explosive 3rd wave.
This leads to our buying opportunity. Should we see PLTR dip below $15 today through Wednesday, October 27th, it would be in the accumulation zone. Set your stop at $12.00 with a GTC-EXT order. This should limit your losses should earnings kickstart a further downward move that breaks support.
Assuming the 5th wave does engage, the potential targets are outlined on the chart. I must caveat though that 5th waves are unpredictable. They can terminate before, at, or higher than the general expected levels. In Elliott Wave, usually only one of the 3 impulse waves (1,3, and 5) will see an extension. With 3rd waves usually targeting the 161.8% fib extension level, the 5th wave target is generally expected to be the 200% level. With every 3rd wave extension level, you can usually expect the 5th wave level to rise the same number of extension levels. In this case, the 3rd wave extended and surpassed the 176.4% level, one extension level above the standard, and came shy of the 200% level. So the general minimum expectation for our 5th wave target should be a minimum of the 223.6% level, which comes in at around $25. Given that the 3rd wave already extended, it should not be expected that the 5th wave will also extend. If it somehow does, the upper target is a gap fill from February on 2021 at $31.34. Profit is generally taken at the minimum level with some runners left for potential upside.
Should PLTR start rising and form an upward pattern prior to hitting my ideal 4th wave target in the mid $12's, it is possible the 4th wave is already in (or maybe it touches the mid $13's one more time). I will add that the shape and structure of a 4th wave that terminates in the $13's holds a far more likely chance of becoming a a descending triangle where the bottom holds flat and the tops terminate lower until the pattern ends. If this were a triangle, it would be most likely that the next touch of the mid $13's would be the c wave with an e wave to come in the $17 range and the e wave to again target the $13's. Due to the nature of the current structure, I only favor a significant earnings pop should PLTR fall to $13 or lower.
Should you see PLTR dip below $12, then the expectation shifts to a major top being in and downward pressure taking this to $10 and potentially lower. Therefore, below $12 range and I recommend getting out and waiting for further clarity. If you hold at a basis higher than the previous top and don't want to sell, consider selling calls to lower your basis or selling $10 puts.
The alternate count not shown on this chart would have the May 2021 low as an A wave, the September 2021 top as a B wave, and the January 2023 bottom as the C wave in a larger degree (A)(B)(C) long term corrective pattern. The recent top at the 61.8% level would be the 3-wave (B) wave of this larger degree, with the bottom (C) wave coming in at new lows over the next 1-2 years. This is why the stop is so important.
Readers should always remember that markets are their own creature made up of millions of individuals and institutions each following some combo of inherent bullishness, inherent bearishness, fundamentals, technicals, stupidity, and pure emotion. Elliott Wave, and specifically Fibonacci Pinball (developed by Avi Gilburt at elliottwavetrader.net and prominent Seeking Alpha author), merely provide a framework based on the observed price action to date. I know that while my wave outline is based on years and years of data and application from not only me, but some of the best in the game, I also know that markets do not follow a set path and that sentiment can remain irrational far longer than I can remain rational. That is why you MUST consider the altneratives and manage risk appropriately. Know the pivot zones that could lead to the primary path failing. In this case, it's the low $12.00 range.
I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors. My analysis is not a recommendation for a specific trade. My analysis outlines a potential scenario and provides risk assessments for multiple alternate scenarios.
-mazag08 - TastyWavez 2023
Palantir : In-depth Chart Analysis and Future OutlookIn our detailed examination of the daily chart for Palantir Technologies, we've uncovered the development of a 5-wave cycle culminating in our significant Wave (1). We are currently navigating through Wave (2), which appears to be shaping up as an expanded Flat Correction. Closer analysis suggests that the extent to which Wave B overshoots should directly correlate with the extent to which Wave C dips below Wave A, precisely targeting the 61.8% retracement level. This makes the $10.94 level particularly intriguing for us.
Given the presence of a gap near the 78.6% retracement level, there's also a possibility that this gap might be filled. Our conviction in Palantir's potential and the compelling narrative of the chart argues against being prematurely stopped out. Consequently, we're considering setting our stop-loss strategically below the $7.19 level, the subordinate Wave 2, at $7.
For the upcoming Wave (3), we anticipate a minimum rise to 161%, with the potential to extend up to 361%, projecting a price range between $32 and $58 for Wave (3).
$PLTR ELLIOT WAVE ANALYSIS This analysis reflects my perspective on NYSE:PLTR through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints.
After thorough analysis, it seems that NYSE:PLTR has concluded its impulsive phase and is now set for a significant downward movement. Currently navigating through sub wave C of wave 2 correction, it's anticipated to retrace to approximately the 0.618 retracement level, marked by the green rectangle, which serves as a pivotal point due to robust support. Although this projection isn't definitive and relies on typical wave 2 correction patterns, it provides a useful estimate for potential price movement.
PALANTIR BREAKOUTExpecting to rally upto 30-36$ per share, since this stocks being accumulated by the Department of Defense in US.
FOr my own view, were on a SOS zone. literally sign of another rally to come in the next few days.
This is not a financial advice.
Follow for more.
Stocks to buy not to trade with.
$PLTR Rapidly Approaching TP1NYSE:PLTR has been extremely bullish since Sept. 25 and has been in a strong uptrend after breaching the orange resistance level. The next key price target, the light blue resistance line, is rapidly approaching. PLTR is a war stock that is benefitting from the new Israel Palestine conflict. Other key events this week are September PPI inflation data and Fed meeting minutes on Wednesday October 11. I think the markets are likely to have some sideways price action on Tuesday in anticipation of the new inflation and fed data.
$PLTR Quarter 3 (Q3) AnalysisPLTR has been extremely bullish, and just received a $250 million contract from the US Army this week. I think PLTR has been a very bullish stock in 2023, and I believe PLTR will have a monster Q4 performance. My key price targets are $28.33 and $37. There is short-term resistance at $19.11, but I believe PLTR will break above $19 in Q4.
Palantir Set to FailThe elliott Wave count suggests we could soon see a top in place and then start to resume lower.
Feel free to ask questions, Trade Safe!
PLTR - Buy orders - Saruman aint having it 3 Buy orders
General
Palantir is in a downtrend and generated a lower swing compared to the recent swing low. However we are close to the start of all time low. Also in my opinion its due for some uptrend.
3 buy orders placed. First will be executed now.
Target
Next resistance level (level 1).
Confluence with the recent swing low.
Requirements
- None, just hitting the orders
Invalidation / SL
- None
Stop- Loss
- None
Time duration
Days, weeks, months, years... ;)
Good luck
Upper space of PLTR stock has been opened!Upper space of PLTR stock has been opened!
This chart shows the weekly candle chart of Palantir stock from the end of 2020 to the present. The top to bottom golden section is superimposed in the figure. As shown in the figure, Palantir's stock has broken through the 2.000 level of the golden section in the past three weeks, and its previous low point was at the 2.618 level of the golden section in the figure! So, the next strong pressure on Palantir stocks is around the 1.618 or 21.53 position of the golden section in the graph!
Palantir stock is within a weak range, with no clear direction!Palantir stock is within a weak range, with no clear direction!
This chart shows the weekly level candle chart of Palantir stock since its listing. The top to bottom golden section is superimposed in the figure. As shown in the figure, the high point of Palantir stock in February this year happened to be 1.382 in the golden section of the chart, and the recent high point hit the lowest point in May 2021! This indicates that the Palantir stock is still within a weak range, with no clear direction! In the future, we will use these two points as the basis for judging the strength of the Palantir stock. Above these two points, bulls are dominant, below these two points, bears are dominant, and between these two points, bulls and bears are in a state of competition!
Palantir and Arkk Comparison 57% ProfitPalantir SPLTR & SARKK Comparison
These charts are so similar. Arkk looks like it is about to repeat Palantir's 57% move
- RSI positive divergence
- Head and Shoulder reversal bottom
- Price above 200 day MA & the POC
AMEX:ARKK appears ready to break away from the H & S.
Your stop should be placed just under the H & S baseline.
Are you in?
My Macro View - Palantir $PLTRWe are nearing the end of a Triple Zig Zag IMO. Should see this test for a new low before turning bullish on a greater scale. My DCA is in the mid $7 range. Would love to add on again if this plays... nonetheless, Palantir has tremendous upside in the future.
$PLTR looks good for more upside $12-19 targetsIt looks like a bottom has formed in PLTR and price could start moving upwards.
You can see that price has been consolidating in a downtrend channel, but we recently broke above resistance ($7.97) and have now confirmed it as support. The next challenge for price is to break above the channel and continue upwards.
The targets to the upside are on the chart, let's see how it plays out over the coming months.
PLTR | A LONG Opportunity Near $6.4PLTR | A LONG Opportunity Near $6.4
Palantir is showing the a beautiful bullish harmonic
pattern that can be completed very soon.
We just have to be patient with this trade.
on the other hand PLTR is a volatile stock and it tends
to rise very quickly.
During the previous weeks PLTR proved that near $6 price zone
the buyers are well positioned.
SO we can see the price to rise further from that zone.
Thank you and Good Luck!
PLTR the AI of the future!case for the bulls over the next decade, regain the all time highs and retrace to moon it
Palantir: I gotta go 🏃♂️Although the Palantir stock is currently moving downwards, we're expecting the course to climb further North, before corssing the support at $6.44, to reach the turquoise target zone between $15.24 and $17.21 to finish the turquoise wave (iii). Thereupon, we predict a course correction to finish the turquoise wave (iv) before turning the trend back up in order to surpass the resistance line at $14.86. In our alternative scenario, the stock would continue its current movements further downward and drop below the $6.44-mark before heading back up.
2X $PLTR 1D Tech. Analysis! BANKED for +20%!!WE BANKED on this move down more than -20%! I gave you this analysis in late July (the analysis below).
$PLTR stock has been getting KILLED!!! Now sitting on -75% Discount, reached all-time lows in May (-85% Discount). We are looking to join the fun & capitalize! We are looking for PUTs only on Palantir tech, we are currently in the golden zone of the FIB. The stock will retrace due to bullish momentum the past 3 days last week but soon as we see a Doji or bearish confirmation, WE POUNCE & EAT GOOD off of this bearish move forming!
2X $PLTR 1D Tech. Analysis!$PLTR stock has been getting KILLED!!! Now sitting on -75% Discount, reached all-time lows in May (-85% Discount). We are looking to join the fun & capitalize! We are looking for PUTs only on Palantir tech, we are currently in the golden zone of the FIB. The stock will retrace due to bullish momentum the past 3 days last week but soon as we see a Doji or bearish confirmation, WE POUNCE & EAT GOOD off of this bearish move forming!
Palantir struggling? Palantir Technology
Short Term
We look to Sell at 10.57 (stop at 11.75)
The medium term bias remains bearish. Preferred trade is to sell into rallies. We have a 50% Fibonacci pullback level of 10.65 from 14.86 to 6.44. The daily chart technicals suggests further upside before the downtrend returns.
Our profit targets will be 6.43 and 6.01
Resistance: 10.40 / 14.40 / 20.00
Support: 7.60 / 6.43 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Palantir Changing the Trend? Palantir Technology
Short Term - We look to Buy at 14.24 (stop at 13.28)
Previous resistance, now becomes support at 14.00. Short term oscillators are moving higher. Price action has broken from the previous formation. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 17.80 and 19.50
Resistance: 18.00 / 20.00 / 27.00
Support: 14.00 / 10.00 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
PLTR big moonmoonboys hangon to your hats, elon and his cronies have done it again! everyones sees elon as batman but few see petr thiel as his butler. the butler always was sneaking all the tech wasnt he, no different here. pt knows whats good, this company and what they do, and seek to accomplish is the future. short term price target of $17 should be easily trounced once trend flips and momentum comes back. $26 will be a piece of cake, followed shortly by a retest of the $32 area. Once we break ATH the real fun begins, were seeing 70$ price target on the low end, $108 is a fair place to stop after that. The jumo to $250 seems drastic now but one were in the tripple digits you will consider that the low end of potential. Good luck out there traders, seems like an undervalued opportunity to me just saying. Cheers
