🚀P🚀L🚀T🚀R🚀 - Mission Still a Go 🌝I did not expect the red day on Friday. But my theory stands. I’m even more confident about this move. There was a gap up due to hype from Cathie Wood buying, but the bears in the pennant pushed it back. PLTR is still consolidating and building pressure within the pennant and I expect a breakout to the upside next week.
Side note: there is LOTS of open interest and volume in deep OTM calls for the end of January 👀
WSB note: The short squeeze is happening next week on GME. Margin calls on the shorts are coming in hot, and brokers are struggling left and right and some have even BLOCKED SHORTING on GME, while the SEC has implemented the Up-Tick rule.
Where do you think they are taking their profits to?
🚀🚀🚀🚀🚀🚀🚀PLTR🚀🚀🚀🚀🚀🚀🚀
Pltrlong
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 🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
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.***
Triangle Breakout to the 30's?Anyone else seeing this triangle pattern? MACD is moving up so we'll see if this pops.
PLTR thoughts Dec 29 2020iv been patiently waiting for this one to pull back, it has fallen lower than my initial thought of $25, so i am now watching to see if it bottoms in the range indicated on the chart, i suspect that with the RSI being on the over sold level and MacD showing signs of crossing, with the low sell volume on the profile, it'll have an easy recovery towards $26
PLTR , PT 41Another stock that is stuck in a symmetric wedge or if I say pennant pattern also. For long play, once it breaks above the wedge, it can move to ~ 41. To protect losses for long play, the red solid line should be treated as a stop loss.
Also, it's holding 20MA (green line) which is giving it a bullish sentiment.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
PLTR is near a breakout area :)PLTR is forming a triangle and also is at the bottom of an uptrend channel.
The market is slow today, but when it will resume its uptrend, this stock could pop, nicely :)
Expensive can get a lot more expensive, as many great traders used to say.
PLTR longpltr just broke out above symmetrical triangle, would like to see it close today above 28.20 but nonetheless bullish about the chart and stock despite the credit suisse downgrade, will probably just be averaging up my CB with the dips, lmk what you think
Buy $PLTR - PT1 28.3, PT2 ~30, AVG 25, SL 23.44 PLTR is a good long term purchase, it's prone to spike on any new contract acquisitions for the company. At this point we're just trying to find a dip, or buy when the price is the most boring (right now). There is this amazing trend line that can be drawn and i'm thinking it is the support for the next move. 27 has been an average price for a few days. I've entered long @ 27.10 and shooting for 28 and 30.
PLTR BUY Hello and welcome to another analysis
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PLTR stock is in an uptrend, if the stock breaks point 28.03
it will continue the trend up to point 31.04
=> And as I always say " you should not trade at any time , you have to trade at the right time possible "
Thank you
ATSELECTION
$PLTR Pennant Forming On Multi-Time Frames (D, 4H, 1H)Continuation pattern, Bullish, Confirmed on multiple time frames. Only down side if it loses support at Red Line (25.33-25.69) could drop down to test 21 ma (Yellow Line)
#PLTR long Lmk what ya'll think about this analysis. PLTR currently taking a break from uptrend, engaged in a elliot triangle wave, currently at (C); i do think it will go to D then E before breaking out; new to chart analysis but I can (kinda) see an ascending triangle also; lmk your thoughts guys thanks
