Get started

Woods

#PLTR - Price heading to falling wedge resistance. Good momentumIt is pretty clear that Palantir is not a stock for quick profit. Its CEO also said this. It is not a 100m run, but it is a marathon. In my pinion we are in the middle of a strong rebound, also seen the volumes of the latest trading days. The first target could be the 24$ area, which is the projection of the small falling wedge (in red) , broken with huge volumes n May 11th. Once the price will reach the 24$, it will be significantly above the resistance line of the larger falling wedge (in purple). This means that the rwach of 24$ would mean the breakout f the larger falling wedge, whose target projection will be the 31$ area. This area is very delicate, as it has a big gap both in daily and in the weekly chart. It is true that the gaps are not always to be covered, but I would consider the possibility of it being covered as 99% probable, especially considering that gaps in TF like the weekly are very significant. Once reached the 31$ area.. price has highways in front of it for a strong bull run. Be patient...
PLong
by FrancescoMerlettini
1
PLTR - Massive Divergence on the horizon!Hello investors, As we can see, we had a huge Sell-off for a few weeks and today the move to the downside was massive! Palantir is signing more and more contracts, while the price is falling, which would mean that the only reason for the fall is the over-all bearish sentiment in the market. We can see the enourmous divergence that we have on the RSI on the 4hr chart and this indicates that we are near the bottom of the fall! Fundamentals of the company are more than amazing as we are a huge devoleper of an inovative industry, so huge returns are expected once the whole market becomes bullish. A long-term BUY position is a safe and smart move and since Cathy has been buying the stock a lot during the last few days, she should have acquired an enormous amount of shares today and with that the bottom of this fall is near. Good luck to all my fellow investors and traders!
PLong
by donaitelo
1
SPCE - Time to reach new All Time Highs!Hello guys, thank you all for tuning in! I am going to divide the analysis into 4 parts, so we can go deeper into the trading idea! Technicals: - The price completed the Cup and Handle pattern on the 1H chart and went from 34$ to 44$ and even higher. - SPCE broke through the Daily Triangle shown on the chart with enormous volume and the next target is 50$. - The pullback is to be expected to 40$ - 30$. The price has soared too fast! The RSI is overbought on the 1H, 4H, and Daily charts and we have a Divergence. - After the pullback, the Daily Triangle pattern has a target of 70$. Fundamentals: - ARKX is the new Space ETF, created by Cathy Woods. It had a huge contribution to the jump in price. - There are many rumors about SPCE being included in the ETF. Cathy has been aggressively increasing her position and believes in the company Long Term. - SPCE is most likely going to be in the top 3 positions of ARKX, so this will drive the price even higher. - The problem with the engine has been identified and is going to be taken care of. A new test flight is to be expected in February. - There are going to be a few more test flights driving the price up. - Somewhere between March and April, Sir Richard Branson is going to fly into space and be the first Space Tourist. This will be huge for SPCE, the target will be 100$. Conclusion: Virgin Galactics is an extraordinary company. They are creating a whole new industry of Commercial Space Travel, so the returns, if they succeed, are going to be enormous. This stock in my opinion is an extremely Long-Term investment. I would say it is a speculative stock and right now, they are on the right path! My price predictions: - 1 year: 150$ - 200$ - 3 years: 300 - 500$ - 5 years : 500$ - 1000$ This is not a financial advice, please do your own DD. I would appreciate the like and follow as this will keep me motivated to post more trading ideas! Feel free to share your trading ideas or add something to this idea in the comments. See you guys on the next trading idea, take care!
NYSE:SPCELong
by donaitelo
BTCUSD: Bitcoin - Clear and Still Present Danger BTCUSD Bitcoin Must apologise for rubbish call yesterday and no follow up. Was expecting a period of light relief over the weekend. No such luck. The spike that came shortly after the match had finished was a big one and the ensuing rejection period flipped Bitcoin straight back down to the lows again and triggered a short from 7399 as it broke below here. If still short here can either close out again for 90 or so profit but ready to short again on a break below 7200 - it may only reach 7162 at first and try to rally back to 7200 but once this is broken below it should decline in stages back to 6615-6517 range. But in the nearer term Bitcoin is trying to rally again - it's still thin and treacherous and still cannot trust this counter-rally even though it can push higher again from here. There's a good spike off the lows today so it looks like another continuation pattern is forming now. But there is no upside here worth contemplating so far except for brave day traders who may wish to follow a break above 7350 on Bitfinex looking for 7467 and maybe 7540 at likely best before it comes off again. Otherwise we have to wait - again - for that probable break lower, when and if it eventually arrives. Patience. A virtue. This is the lesson of 2108. 2017's watchword was HODL. 2018's is PATIENCE. We have to learn it and adapt to change. Not what anyone really wants to hear. But it's true nonetheless
COINBASE:BTCUSD
by sumastardon
22