PLTR Continuing to add to this Long position Going through some major consolidation.
I believe a breakout is very close.
Should retest the $30 then 40+ area
Pltrlong
PLTR: Ending diagonal?Don't follow this one much, but I've heard some good things about the company. I'll have to look into them more. The chart looks good. We have a pretty ugly ending diag. If examined closely it fits the internal wave structure of the aforementioned pattern. We also have some pretty good looking divergence on the 1hr. Some good looking humps ;)
What do you all think of PLTR?
I've been trying to keep these updated as much as I can while balancing family and work. I hope we all come out on top next week. I've been bleeding out long enough :) lol
Linked another potential diag in EVGN. This one is a larger degree and it's a motive diag, not a corrective one.
Thanks for checking it out!
What we can expect from PLTR?Hello Guys, I would like to introduce to you my idea about the future of PLTR . I am a holder of 1000 shares from 24.01$ and I am long till a minimum of 200$.
After the last week, we got few red days including yesterday, but as an Elliott wave trader, I can see an opportunity to jump in as like in AMC, I think we reached the bottom as you can see we already bounced few times from the support lane. After carefully checked the Fibonacci lvls, you can see that we bounced exactly from 61,8 for the 2nd wave of Elliot. The question is when we will start the Gamma Squeeze, maybe it will be on 19/3 ?!?, who knows. But in my opinion, the Gamma squeeze will be the 3 wave of the daily Elliot, till 81$ - 117$ range, It all depends to us, how long we will keep our Dimond hand.
Just HOLD Guys, we can make it <3
PLTR: Buy/Call I base my ideas on the chart technical analysis. Although I did realize this is a "meme stock," the 4 hour, hourly, and 30 minute are divergent and the trend line has been broken. Entry occurred days ago, so nice time to buy at least until the indicated price based on the Fibonacci.
BUY PLTR - PURELY TECHNICAL STOCK ANALYSISIt is evident from the chart a clear support level has been established, but not only that, it has been respected. On that basis, it can be said it is likely PLTR will continue up for the foreseeable future.
*NOT FINANCIAL ADVISE, MERELY AN OPINION*
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 :)
Bullish Divergence on the MACDBeginner Friendly
I love to see bullish divergence on the MACD(moving average convergence divergence) indicator. It usually always makes a bullish cross to the upside :)
Bullish Divergence:
To put it simple, when price action is making lower lows while the MACD is making higher lows, its considered bullish divergence. This is a good indication that a trend reversal is about to happen. Of course no one indicator is 100% accurate, so make sure to also evaluate the sentiment of the market/stock. I like to pair this indicator with the RSI (relative strength index) to get a better idea on where I should position myself in the trade.
For example, lets take this PLTR chart:
Price Action is falling (making lower lows)
The MACD indicator is rising (making higher lows)
There was a bounce off of the support line as the MACD is crossing up
The RSI indicator is pretty low indicating that the stock is oversold
These make great conditions for a trend reversal. I would only take this trade once the cross is complete because remember, no indicator is 100% accurate. As stated in my previous post, I wont be hopping into this trade until a trend reversal is signaled because the market is too mixed for me.
I found a really awesome post that will help you understand different type of divergence's ---> Types Of Divergence
Thanks for reading, leave a comment and me know what you think!
PLTR On Strong SupportPLTR is holding its strong support. If buy here first target 30ish and second is 33ish.
is $PLTR set for a new wave up ? PLTR has had a huge growth and is now facing major pullback, the price seems to be reacting to the previous support and looking for a bounce up.
Going long here seems to be a rational choice, but keep an eye on the $20-$22 range, because if the price goes below we may witness a huge sell-off.
Excellent opportunityFirst of all, we must not forget that we are looking at a very young stock.
It also offers a more hectic exchange rate and serious potential.
The support level around $ 24 has proven to be stable on several occasions even on worse days - from a different point of view, the stock is a rare good buy here. The pessimism caused by the report will soon pass. One after another, positive news and new business collaborations arrive. I expect a serious rise,
I have already bought it.
Target price is the current maximum, later the moon.
Finally, we must not forget that we are dealing with one of the cornerstones of digitalisation.
Good luck to everyone. (:
PLTR BULLISH MOVEPLTR althought it was pretty red day i see inverted head and shoulders and im hoping it will bounce from here as it respect support area nicely aswell. still holding $
BEST DIP IF YOU WANNA BUY...
PLTR BULLISH INCOMING $PLTR. Great earnings ; 25 support great, suggest buying soon #pltr #arkinvestments
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
OI, DOW & MANIPULATION - Palantir $PLTR - Short Iron ButterflyWhen 400~ institutions are crowding a stock, and the biggest of names are playing MM. I want to use them as a shield, and poke out from behind them to stab little by little.
This is my all-time favorite options strategy, and it can be used under very specific conditions..
1. Accumulation/Distribution Phase is identified (Dow Theory).
2. Range-bound movement and a sharp fall in volatility is forecasted (Ascendance/Participation Phase, with clear indication of Ranging Market, Supply/Demand levels).
3. Breakout is forecasted, and there exists great momentum, high premia and implied volatility (Excess forecasted).
4. Personal trend bias (bullish long-term outlook on company, Value investing, Trend).
It is the ultimate premium harvesting strategy...
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Short Iron Butterfly Spread:
"Goal:
To profit from neutral stock price action near the strike price of the short options (center strike) with limited risk.
A short iron butterfly spread is the strategy of choice when the forecast is for stock price action near the center strike price of the spread, because it profits from time decay. However, unlike a short straddle, the potential risk of a short iron butterfly spread is limited.
Explanation:
Example of short iron butterfly spread:
Buy 1 XYZ 95 Put at 1.20 (1.20)
Sell 1 XYZ 100 Put at 3.20 3.20
Sell 1 XYZ 100 Call at 3.30 3.30
Buy 1 XYZ 105 Call at 1.40 (1.40)
Net Credit = 3.90
A short iron butterfly spread is a four-part strategy consisting of a bull put spread and a bear call spread in which the short put and short call have the same strike price. All options have the same expiration date, and the three strike prices are equidistant. In the example above, one 95 Put is purchased, one 100 put is sold, one 100 Call is sold and one 105 Call is purchased. This strategy is established for a net credit, and both the potential profit and maximum risk are limited. The maximum profit is realized if the stock price is equal to the strike price of the short options (center strike) on the expiration date. The maximum risk is the difference between the lower and center strike prices less the net credit received. The maximum risk is realized if the stock price is above the highest strike price or below the lowest strike price at expiration.
Maximum profit:
The maximum profit potential is equal to the net credit received less commissions, and this profit is realized if the stock price is equal to the strike price of the short options (center strike) at expiration. In this outcome, all options expire worthless and the net credit is kept as income.
Maximum risk:
The maximum risk is equal to the difference between the lowest and middle strike prices less the net credit received. In the example above, the difference between the lowest and middle strike prices is 5.00, and the net credit received is 3.90, not including commissions. The maximum risk, therefore, is 1.10 less commissions." - Taken from Fidelity
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SPECULATION:
- Why will SP rally 30%+ early in the week?
- SP has just transitioned out of 2nd accumulation level, entering ascendance/public participation phase.
- Price target upgrades from previously bearish institutions suggest they want to markup the SP.
- Previous price action suggests that it opens strong on hype and positive catalysts, before entering a range to trap retail bulls.
- There are Fib levels at 33~ and 35~ that must be tested for confirmation.
- There is a gap to fill at 32~ for further confirmation.
- Frenzied buying will soon come to an end, as the SP stabilizes. It is currently trending as "The top interest for WSB". IV will rise at first.
- Large stopping volume will occur at key OI levels as Excess is sold off and we enter the 2nd distribution level. IV will quickly fall.
- There is 16,286 OI on 40 strike calls for 2/26, so I don't foresee this level being broken for long next week... Above it is a gamma ramp that will take the SP to clear skies... I'm not sure the MM will allow that.
- The broader market is uncertain, and a lot can change over the weekend, but judging from the low GEX, and DIX that seems to be bouncing, the market does not seem ready for a correction, yet...
- Bitcoin is a good indicator for risk asset spending nowadays... Watch for huge selloff before market open, decide if it is profit-taking, or corrective.
FA:
- Please see my Jan. 8 Idea which documents the Fundamental Analysis I have been doing on this company.
- Simply put, this company is unrivalled, and a near-future mega-company. 0.5-1T Mcap, very, very soon. SP500 inclusion without a question.
TA:
- Have very powerful bullish reversal indicators as support, based on my Feb. 18 Forecast.
- This should take the stock price to the 60-70 levels that I forecasted in Jan. 8.
QA:
- Basis of the strategy is the complete control of MM's on the SP... Only a gamma squeeze can break through the key OI levels, Cohen is notorious for his put/call walls strategy, and he most definitely has a hand in the MM action here... As of Q4, his Point72 owns about 2% of the company. Much greater now, I speculate.
- Historical analysis has shown that it is almost impossible for PLTR to break through the large put/call walls, and quickly reverts to the mean if it ever does.
- The SP will tend to settle around the OI "valleys" at options expiration (OpEx), and quite often, it is even at the exact value to 2 decimals.
- PLTR key open interest levels for 3/5/2021:
$35 calls: 14,464
$35 puts: 11,776
$45 calls: 11,311
$45 puts: 8,667
$50 calls: 14,898
$50 puts: 13,168
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STRATEGY:
- Deep ITM Bullish Short Iron Butterfly for 3/5/2021, then rollover to Deep ITM Bearish Short Iron Butterfly for 3/5/2021 for the expiration.
- Goal is to capture the great premium of puts before the rally, then capture the premium of the calls + puts on the pullback, for expiry.
- Wings will protect the trade from forecast failure and a massive gamma squeeze in either direction.
- Why I am taking this trade, is because of the historical analysis I have done since Jan. 8, and I have gathered sufficient evidence of the manipulation on this SP, and I believe that I can predict the price action to a high degree of accuracy. I don't see why the MM's would suddenly stop the range-bound price action, unless a real gamma squeeze occurs... but the wings and core long positions protect against this.
- Trigger 1: Stable broader market, positive catalyst, good sentiment, 32 gap fill, breaking out of 33 and 35 Fib levels for greater confirmation.
- Butterfly 1: Strike - $49.00, Upper wing - $55.00, Lower wing - $43.00.
- Trigger 2: SP reaches $49.00 on impulse wave.
- Rollover: SP - $49.00, to Butterfly 2.
- Butterfly 2: Strike - $41.00, Upper wing - $45.00, Lower wing - $37.00.
- SL: $46.00 support level pin.
- Expiration: 3/5/2021
- Timeframe: 14 days
DEFENSE:
- How to defend the position, if things go south?
If the short call in a short iron butterfly is assigned, then 100 shares of stock are sold short and the long call and both puts remain open. If a short stock position is not wanted, it can be closed in one of two ways. First, 100 shares can be purchased in the marketplace. Second, the short 100-share position can be closed by exercising the long call. Remember, however, that exercising a long call will forfeit the time value of that call. Therefore, it is generally preferable to buy shares to close the short stock position and then sell the long call. This two-part action recovers the time value of the long call. One caveat is commissions. Buying shares to cover the short stock position and then selling the long call is only advantageous if the commissions are less than the time value of the long call.
- This strategy has a heavy bullish bias, so the chances of being assigned on puts are much higher than on the calls... If the SP does reach beyond, this is good for my core long position.
- The biggest risk in this trade that I foresee is the SP pinned at the $46 support level, which lies between the strike price and the upper wing, of butterfly 1.
- However, high premia of deep ITM options mitigates this risk.
- $46 Short Straddle would be a good defense to this scenario, (Sell call, sell put) since $46 is a high probability level for 3/5 expiry.
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This strategy can be high risk, depending on the long-term outlook on this company... For me, I don't mind being assigned at these levels, and I have a core long position, so it is low risk. The strategy is based on forecasting the price action precisely, not only the levels, but the time frame. That said, this is most definitely not financial advice. I am describing my own strategy.
If you like the idea, please support by giving a like, follow, and sub!
PLTR to the MOONPLTR has been consolidating since late November before spiking up late January due to it trending in r/wallsreetbets.
This probably leads to many retail investors started to look into PLTR business, and I believe some also considered taking long positions in between 35 - 40ish price area.
However quite a number of investors are also contemplating as it is nears lockup period which allows initial shareholders to finally cash in on the previous PLTR rally.
Price dropped at 25 but we saw heavy volume on that day, probably due to ARK Invest doubling down on their position.
On Friday the price gapped up with stronger than ever volume, at this price I believe many will start to jump on the bandwagon.
Short term investor will look at this having a nice risk-reward ratio, while long term investor would not hesitate to finally open their position as the price is already at a great discount.
UNRIVALLED - Palantir Technologies $PLTR - The Final Alert“We’ve seen this before with other lockups. People sell them leading up to the lockup period expiring, and then they have a bit of a relief rally,” said Ryan Jacob, chief executive of the Jacob Funds, which does not own Facebook shares.
In August, shares of the online reviews website Yelp Inc surged by more than 20 percent on the day that insider trading restrictions expired. That stock’s rally was boosted as short-sellers scrambled to cover their positions when the expected flood of selling failed to materialize, say analysts. - Reuters, on Facebook lockup expiration
At last, the end game has arrived for Palantir.
I have been working on this trade since before my Jan.8 Idea, and now it all comes to fruition!
As of today, lockup expiration is over, and short sellers are hoping that insiders sell, with a 70%+ borrow fee, and no more shares available.
We have seen the massive institutional demand at 25, with 300M volume (4x avg volume), and this floor seems unbreakable.
Cathie Wood herself went on CNBC to speak about Palantir... "Palantir is the future", were her words.
With no more negative catalysts, and the greenlight from the big banks, there is only one direction left for Palantir Technologies.
Palantir is one of a kind... Unrivalled.
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%).
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
