A US Stock PLTR, Market structure update and strategy👋Hello Traders,
Our 🖥️ AI system detected that there is an D1 timeframe ICT Short setup in PLTR for Swing trade.
Technically it is clearly that a double top formation and a LG at second top.
Our idea:
if Closed below 71.0, it will find the next support level 63.6 above the demand zone.
There will be a good chance to buy after next accumulation next time.
Since we have stock on hand,
we will use Option strategy such as Short Call about 77 to collect premium.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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Pltrforecast
Palantir: Target Zone Ahead!We now primarily assume that Palantir’s turquoise wave 3 has concluded at $82.72. For the ongoing turquoise wave 4, we have outlined a matching Target Zone (coordinates: $59.15 – $51.84), where the price should complete its interim correction and realize an upward trend reversal. However, as part of our alternative scenario, there is a 33% chance that the price will surpass the $82.72 mark directly to develop a higher high of the turquoise wave alt. 3.
$PLTR might go up to $57 after Q3 FY24 Earnings report?
NYSE:PLTR Palantir soared over 14.2% after Q3 FY24 earnings report:
• Net dollar retention 118% (+11pp Y/Y).
• Customers +39% Y/Y to 629.
• Revenue +30% Y/Y to 726M (22M beat).
• Non-GAAP EPS $0.10 ($0.01 beat)
. FY24 guidance:
• Revenue +26% Y/Y to 2.807B (+61M).
• Adjusted margin 38% (+3pp).
It will probably break above the resistance of previous high today.
But where will the price rise to?
To answer this question, we make comparisons with previous gap up candles which has broken above an important resistance level.
In Feb 05, it soared over 30% after Q3 FY23 earnings reports, and after that, it went up for another 25%.
In Sep 09, NYSE:PLTR soars over 14% toward record highs as the stock is set to be added to the S&P 500. And after that, it has risen for another 30%.
Therefore, it might go up to 57 if it break above the resistance of previous high today, according to similar historical price actions.
what's your opinion?
I CALLED THE $PLTR TOP! Down 8% since. Here's where we are goingNYSE:PLTR
CALLED THE NYSE:PLTR TOP AS WELL! Down -8% since. Here's where we are going
The thesis explained below:
1.) Williams R% had a down slop if you drew a line from the 01JUL2024 top to the most recent 21OCT2024 top. It hit this top 4 times since the first one and everyone was lower indicating resistance and lower tops.
2.) You have a Multi-year CUP on the weekly without a handle formed. We need to form that handle before we go higher that coupled with valuation and the stock price getting ahead of the company's numbers is another reason that plays into this.
3.) The handle would be a perfect little handle with a Volume profile gap fill down to the next volume shelf at $36.50-$37.50.
4.) RSI was in overbought area and finding multiple tops with resistance. Also, it was hitting and rejecting off the same top as previous ATH's back in Jan2021.
5.) Double top on the stochastic and red through yellow downward.
6.) Just shows the date I called it out which was Sunday. Also, time stamped on my repost here. 😁
Thanks for reading! I hope you enjoyed my reanalysis of a thus far predicted pullback. It may not hit my target but that's not the point. The point is being able to realize when something is lining up to turn against you or turn with you to the upside. Also, to realize the fakeouts in the market like what I believe the pullback is on the NASDAQ:QQQ which I made an in depth video going into depth about just like this one. It's pinned on my profile if you haven't seen it yet.
LIKE l FOLLOW l SHARE
NFA
$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.
$PLTR cup formation formingI've been buying in the buy zone and watching the cup pattern develop. Everything continued to hold as the bottom developed, volume looks good, and both continue to do so as the right side of the cup pattern comes into play. Watching how the $14.86 range plays out, I'm looking for a base to form while sideways movements.
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!
PLTR Palantir Technologies Price TargetIf you haven`t sold PLTR here:
Then you should know that PLTR Palantir continued lack of profits.
Net loss of $156.2 million, or 8 cents/ share VS a loss of $148.3 million, or 8 cents/ share, in the year-prior quarter.
Palantir earned 2 cents/ share, down from 3 cents/ share a year earlier.
And the Market Cap is $28 Billion.
My buy area is $8.80 - $10.50.
PLTR So much for the growth stocksArk Invest sold more than 2Mil shares of PLTR yesterday.
The options are also slightly bearish ahead of the February earning call.
Palatir Technologies expects fourth quarter revenue of $418 million with 2021 revenue growth of 40% to $1.53 billion.
The earnings are still negative, so looking at the mk cap, PLTR is trading at 16.6 times revenue.
Maybe a pullback to 9-10X revenue would be healthy.
My buy area is between 8,8 and 10.5.
looking forward to read your opinion about it.
$PLTR weekly analysis $PLTR on the weekly shows no signs of buyers steeping up yet, likely continues selling into the low 10’s where it can bottom a the lower long term channel support.
PLTR TECHNICAL ANALYSISpltr looks like it wants to break trend and recover to fill the gap on daily.
gap level
- 22.60 - 24
feel free to give and/or suggest advice on anything.
PLTR Bearish Idea (Short term) 120121One year support level at 20.24 has been breached.
Zooming into to 1M reveals three consecutive high RSI to low RSI moves. Each move lower resulted in sideways price action with a small move higher then subsequent lower move. The first drop resulted in a -18.63% decline, the 2nd -13.77%, and the 3rd a -8.88% drop, each decline approx 5% less then the last. Extrapolating this I would estimate the next drop to be approx -3.8% resulting in a $18.68 price, possibly a next support level?
Moving averages: 200 moving day average has been above the 50 since November 10 with the price action currently below both lines.
RSI: Oversold at 21.08, we could see a slight move higher soon before the next drop.
DMI: Red (bearish) trend line looks like it's gaining strength from an upward looking trend strength indicator (yellow line)
Current analysis: Short term bearish, however it's looking like it's poised for a breakout due to being so oversold, watching the $18.68 level. The bearish trend on the DMI looks like there could be more downward price action for the near term.
This idea is for informational/entertainment purposes, this is not investment advice. Please use caution and do your own research before trading.
PLTR LONG term investors outlookLooking to buy PLTR if we do go under 23 . Long term we going back into ATH
PLTR due for Uptick?Closed last week with bullish pin bar, bollinger bands and stochastiscs indicate stock is oversold. Perhaps a long position on PLTR?
PLTR would wait to close above 23.10 to go longPalentir tried to breakout on Friday. But close was weak. Now need to show bulls are in control. Close above 23.10 will likely take it to upside targets (resistances) at 26.30, 28 or 30. Support at trend line, 21.30, 20.90 and last 19.40. Close below 19.40 more downside.
PLTR LongSo much confluence on this setup, with a good market sentiment and momentum i think it will have a huge run in no time. Very high watch for me, currently loading in the entry zone for starter position, will have a full position on the break of the wedge with volume. Happy trading :)