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Pltranalysis

PLTR reversal to upside on huge volume & morning star pattern PLTR on 4 HR: showing signs of reversal to upside RECENT NEWS Cathie Wood's Ark Invest ETFs acquired over 6.8 million shares of PLTR last week. TECHNICAL OBSERVATIONS PLTR was trading in an upward channel but broke below the channel early last week (2/16). Toward end of the week, PLTR recently bounced with huge volume with more institution buying. NYSE:PLTR On the daily chart, the morning star candlestick pattern was created on Friday (2/19) which indicates a bullish reversal to upside. SUPPORT & RESISTANCE Resistance: $31.30 | $36.60 | $38.20 | $40 Support: $24.80 | $23.35
NYSE:PLTRLong
by nataliegarces
PLTR - DOUBLE TOP: LONG --> SHORTWe see a reversal pattern: "Double top". All the main conditions are met (volumes, uptrend, etc.). Now there is a breakdown of the "Neck" level. The theory tells us that after the breakdown of the "Neck" level, there is often a return movement to the "Neck" level, and then a further fall. Plus, the drop is now at the 20 EMA (near $20), which often acts as a support level. This increases the probability of returning to the "Neck" level. In this regard, it is advisable to open the Long to the level of the "Neck" (+8%), then turn over to the Short (+10%).
NYSE:PLTRLong
by Dr_Chester
2
PLTR load up... to the moon!PLTR after amazing an ER run up, stock price took a hard hit today as it dropped nearly 13%. PLTR earnings and beat analyst upgrades with a 41% growth in revenue from 2019 and is expecting to report a 30% yoy increase in revenue growth for 2021. Great add to your long term as they continue to spread their data analytic software to not only commercial customers but the government as well. Also founder of ARK Investment,Cathie Wood, has added this to her portfolio. From a TA standpoint, I can see more room for this to come down looking for a bounce near 24 to my wave c target to complete our abc correction before we start to form a 1-2 EW set up for a confirmed reversal. Now, if we gap up and we don't come down to get our dip entry, I wouldn't enter any short term swing and wait for a safe entry which would be a break and hold above 31. Good point here to go long with shares! Key Levels: Support: $25.30, $22.36 Resistance: $29.11, $30.92, $33.34, $37, $42.04, $45.19 Ways to Play This: 1. Buy Shares and HOLD! 2. LEAPS (year out option contracts, couple strikes OTM will suffice) 3. Swing minimum 3 week out exp. Option contracts Option Ideas: 30C 3/5 2.30 30C 3/19 3.15 30C 1/21/2022 9.95 40C 1/21/2022 7.70 50C 1/21/2022 6.08 *Keep in mind these are contracts that catch my attention due to their liquidity (high vol and high OI) you can always go ITM or closer strike prices but my style is to go OTM unless ITM is cheap
NYSE:PLTRLong
by jUiCE_Trades
11
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
NYSE:PLTRLong
by igliferati
10
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
NYSE:PLTR
by FDGT_academy
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.
NYSE:PLTRLong
by jfsrevg
1