PLTR - Bullish into earnings Monthly SSL swept
Monthly FVG with a bullish CHoCH holding
Targeting BSL at $29 & std 4 at $34
P2LT34 trade ideas
PLTR - Slow Turtle Buy after pullback retestFirst Slow turtle buy after pullback retest 20.
Weekly chart triggers Fast Turtle Buy confirming Bullish Harami reversal candle
Weekly Chart ->
Retailer weakening. Banker MA staying above Retailer MA
and Retailer MA is curving Downward. Both are good sign for Bull Rally.
FiFT +ve but still LOW.
Can start putting focus back on this ticker.
Start with Hourly Slow Turtle Alert buy setup or BoD around 21-22
Support around 20
PLTR Palantir Technologies Options Ahead of EarningsIf you haven`t bought PLTR before the previous earnings:
Then analyzing the options chain and the chart patterns of PLTR Palantir Technologies prior to the earnings report this week,
I would consider purchasing the 23usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $1.99.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PALANTIR bottomed on this Inverse Head and Shoulders pattern.Palantir (PLTR) easily hit our $24.50 target last time we published a call with you here (February 06 2024, see chart below) and shortly after started to correct:
The price has now hit and rebounded on the 4H MA200 (orange trend-line), forming so far an Inverse Head and Shoulders (IH&S) pattern, which is technically a bottom formation. This is the very same pattern that was formed on both previous bottoms of the 1-year Channel Up.
On top of that, it broke and re-tested the Lower Highs trend-line, which again on both previous bottoms, it was a successful buy signal. In addition, the 1D RSI rebounded on the 1-year Support Zone.
We are currently on that exact time within the 4H MA50 (blue trend-line) and 1D MA50 (yellow trend-line). A closing above the latter, should be the final buy confirmation. Our medium-term Target is $29.00 which represents the 1.236 Fibonacci extension, which was where the November 21 2023 Higher High was priced.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
PLTR with bear flagPLTR has a bear flag on the daily much like IWM. Starting to break bear off this.
PLTR - Second Slow Turtle Signal This year.Weekly chart Uptrend, Bullish and Strong Bull.
No sign of bearish divergence.
Pullback with lower volume after previous second slow Turtle Buy signal this year.
MCDX Banker dominating the chart and Bull FiFT is strong.
Bull is health as long as the price stay above 17.
Plan to further buy at 20-22 zone.
Cathie's Ark Invest Buys Palantir Stock Ahead Of Q1 Earnings Cathie Wood's Ark Invest, renowned for its bold investment strategies and forward-thinking approach, made significant moves in its portfolio ahead of Palantir Technologies Inc.'s ( NYSE:PLTR ) Q1 earnings announcement. With an eye on emerging trends in AI and technology, Ark Invest seized the opportunity to bolster its holdings in Palantir ( NYSE:PLTR ) and other key stocks, signaling confidence in the companies' growth prospects.
Strategic Accumulation of Palantir Stock:
Ark Invest's ARK Autonomous Technology & Robotics ETF (ARKQ) initiated a flurry of trades, acquiring a substantial number of Palantir shares in anticipation of the company's first-quarter results. The purchase of over 100,000 shares, coupled with additional acquisitions from previous sessions, underscores Ark's bullish stance on Palantir's AI-driven solutions and their potential to drive future growth.
Anticipation for Palantir's Q1 Earnings:
As Palantir ( NYSE:PLTR ) prepares to unveil its Q1 earnings on May 5, analysts project positive results, with expectations of increased earnings per share and revenue compared to the previous quarter. Ark Invest's strategic accumulation of Palantir ( NYSE:PLTR ) stock ahead of the earnings announcement reflects confidence in the company's ability to deliver strong financial performance amidst growing demand for its innovative technologies.
Diversified Portfolio Expansion:
In addition to Palantir ( NYSE:PLTR ), Ark Invest diversified its portfolio with strategic investments in Meta Platforms Inc. (formerly Facebook) and Roku Inc., seizing opportunities presented by market fluctuations. Despite market volatility, Ark Invest remained undeterred, capitalizing on the sell-off of Roku shares to acquire a significant stake in the streaming equipment maker, demonstrating conviction in its long-term growth prospects.
Embracing the Electric Vehicle Revolution:
Ark Invest also expanded its footprint in the electric vehicle (EV) sector, shifting focus to BYD Co. Ltd., a prominent player in the EV market. With Warren Buffett's Berkshire Hathaway holding a stake in BYD, Ark Invest's investment in the company underscores confidence in its potential to disrupt the EV landscape and contribute to ARKQ's portfolio growth.
Support ZoneThe highs of November and December are marking a support zone for Palantir.
On February 5th to the 6th we'd got a window which is still open.
This may support the zone additionally.
The downward momentum is running out of steam.
And we have reached the 62% Fibonacci level.
Short Term DownThe November top seems to be a harder resistance than I thought. I am making a little bet on the attempt to test the open window of 5-6th February.
There is no momentum to the upside at moment.
PLTR: Technical RhymingI think PLTR will have taken advantage of the recent demand they've been getting. Closing deals thanks to bootcamp's.
After this current move to the downside, we're nearing oversold territory on the daily and ready to cross upwards over the zero (0) line on the Chalkin Oscillator. Technically, potentially, we're looking at a positive price reversal.
The fundamental catalyst will be earnings with a nice surprise, I think investors will be excited about PLTR showing exponential AI growth and demand across the board. If they also announce a new product, it's game over (at least in the short term) for the bears and I think we'll be well on our way to 30 bucks (mid term/long term)
IF by chance we don't see the results of the customer growth translate into the revenues yet and we only get to see leading indicators. The short sightedness shorting will give the long term buyers an opportunity to buy at a much cheaper price.
That said, my assumptions are to the up side. No price targets for any specific time period as no one can predict exact price movements. And of course this is not trading advise.
Another leg-upNYSE:PLTR is ready for a breakout and possible continuation of waves. Applied previous earnings range to the prediction. Only thing that could make it break downwards is an SP:SPX correction in my opinion
PLTR: Correction has begunI have been waiting for a correction in the stock since selling out of it in early February. There has been a couple of months long distribution pattern formation and now a confirmed breakdown this week. I had been short for a couple of weeks and second guessing myself a few times because bulls were heavily defending the neckline for H&S pattern. It almost formed a re-accumulation pattern and a falling wedge, almost shaking me out of my short position. I am glad I held on due to the Elliott wave pattern and now comfortably sitting on a pretty good cushion. I am planning to get out before the B wave bounce starts, which I think will be at the 0.764 retrace area at $19 which is also a very large volume support. After that will look for a 3 wave bounce. Then possible short again for a 5 wave down move down between $19 and $15 area. I am not sure if the retracement will be deep or not, but there is a lot of geo political turmoil going on, which might favor the stock. Whatever it might be, I think between $15 and $10 will be a great once in a decade buy, something like Tesla back in 2012. There is however a chance that all of the rally and this correction is part of a wave B and a very large selloff to single digits or even pennies are yet to come. We will think about that if a lot of things happen first. For now, I am trading my short term bearish, long term bullish plan.
long entry between 18-20?possible long entry on further dips in price while riding the overall uptrend could be beneficial in the long run.
16.48-18.08-18.93 would be ideal price targets on the way down setting up some possible limit buy orders or put options if one believes pltr could fall further or this is the bottom and its time to load the boat?
$PLTR - $17 Price Target (BEARISH HEAD & SHOULDER)A Major Bearish Head & Shoulder has formed. Short at the crack of the neckline. Remember the measured downside = the height from the head to the neckline which is at about $19. There is is also a MAJOR GAP that needs to be filled at around $17, so watch for a continuation for a sell off after the 1st price target has hit at around $19
$PLTR - Head and shoulder breakdownNYSE:PLTR (Palantir Technologies Inc.) In my March 20 post, I mentioned that it might be forming a head and shoulders (H&S) pattern. Fast forward, the head and shoulders pattern is complete, and it is breaking down.
$20 area could provide a good support.
The full measured move for the head and shoulders is around $18. The RSI (Relative Strength Index) is close to the area where PLTR has bounced before.
$18.45 to $18 area could be a good potential entry. But I would need to see signs of stabilization.
Rise RetracedThe rise since March 5th has been retraced and the momentum is renewing.
There is not much ore to say. The upward trend that has begun in February is by far not expired and so I think that I can expect a short term retest of the March top.
PALANTIR: Best buy opportunity since January.PLTR is bearish on its 1D technical outlook (RSI = 33.299, MACD = -0.640, ADX = 35.931) as it trades under its 1D MA50 and today reached the 1D MA100 for the first time since February 5th. Even though the 1 year Channel Up still has some downside to bottom on its 1D MA200, this is technically the best buy opportunity since the January 31st low as the 1D RSI entered the 1 year Support Zone. This is the 3rd correction inside this Channel and each leg is -4% shorter, so the current -25% correction from the top is a fair Low to buy. The accumulation at the bottom of those corrective waves has been between 4-6 weeks so the market may take its time to accumulate towards the end of May and then rally aggressively. Fair target, the 1.236 Fibonacci extension (TP = 29.00).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
PLTR - Earnings pop incoming?I've put a lot of thought into this one. This chart is in log mode as the wide range of prices covered are smoothed and reveal the potential true picture. I give a primary bullish scenario but caveat with multiple different potential outcomes given certain price actions. Trade at your own risk.
As you can see, PLTR put in a significant top near the 61.8% retracement of the major move down from January 2021 to January 2023. In linear mode, it's also a 61.8% retracement (not shown on chart) of the September 2021 top from the January 2023 bottom, further confirming how much of a massive resistance level it is.
Elliot Wave indicates that this was a 3rd wave in a 5-wave upward impulse. For that to be true, PLTR will need to hold the $12 area if it is going to continue down leading into earnings. Should it hold there, the potential for an earnings pop is at our fingertips. If you look at the 2nd wave of the current 5-wave move up, the same thing happened with earnings there leading to a massive move upward into our very explosive 3rd wave.
This leads to our buying opportunity. Should we see PLTR dip below $15 today through Wednesday, October 27th, it would be in the accumulation zone. Set your stop at $12.00 with a GTC-EXT order. This should limit your losses should earnings kickstart a further downward move that breaks support.
Assuming the 5th wave does engage, the potential targets are outlined on the chart. I must caveat though that 5th waves are unpredictable. They can terminate before, at, or higher than the general expected levels. In Elliott Wave, usually only one of the 3 impulse waves (1,3, and 5) will see an extension. With 3rd waves usually targeting the 161.8% fib extension level, the 5th wave target is generally expected to be the 200% level. With every 3rd wave extension level, you can usually expect the 5th wave level to rise the same number of extension levels. In this case, the 3rd wave extended and surpassed the 176.4% level, one extension level above the standard, and came shy of the 200% level. So the general minimum expectation for our 5th wave target should be a minimum of the 223.6% level, which comes in at around $25. Given that the 3rd wave already extended, it should not be expected that the 5th wave will also extend. If it somehow does, the upper target is a gap fill from February on 2021 at $31.34. Profit is generally taken at the minimum level with some runners left for potential upside.
Should PLTR start rising and form an upward pattern prior to hitting my ideal 4th wave target in the mid $12's, it is possible the 4th wave is already in (or maybe it touches the mid $13's one more time). I will add that the shape and structure of a 4th wave that terminates in the $13's holds a far more likely chance of becoming a a descending triangle where the bottom holds flat and the tops terminate lower until the pattern ends. If this were a triangle, it would be most likely that the next touch of the mid $13's would be the c wave with an e wave to come in the $17 range and the e wave to again target the $13's. Due to the nature of the current structure, I only favor a significant earnings pop should PLTR fall to $13 or lower.
Should you see PLTR dip below $12, then the expectation shifts to a major top being in and downward pressure taking this to $10 and potentially lower. Therefore, below $12 range and I recommend getting out and waiting for further clarity. If you hold at a basis higher than the previous top and don't want to sell, consider selling calls to lower your basis or selling $10 puts.
The alternate count not shown on this chart would have the May 2021 low as an A wave, the September 2021 top as a B wave, and the January 2023 bottom as the C wave in a larger degree (A)(B)(C) long term corrective pattern. The recent top at the 61.8% level would be the 3-wave (B) wave of this larger degree, with the bottom (C) wave coming in at new lows over the next 1-2 years. This is why the stop is so important.
Readers should always remember that markets are their own creature made up of millions of individuals and institutions each following some combo of inherent bullishness, inherent bearishness, fundamentals, technicals, stupidity, and pure emotion. Elliott Wave, and specifically Fibonacci Pinball (developed by Avi Gilburt at elliottwavetrader.net and prominent Seeking Alpha author), merely provide a framework based on the observed price action to date. I know that while my wave outline is based on years and years of data and application from not only me, but some of the best in the game, I also know that markets do not follow a set path and that sentiment can remain irrational far longer than I can remain rational. That is why you MUST consider the altneratives and manage risk appropriately. Know the pivot zones that could lead to the primary path failing. In this case, it's the low $12.00 range.
I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors. My analysis is not a recommendation for a specific trade. My analysis outlines a potential scenario and provides risk assessments for multiple alternate scenarios.
-mazag08 - TastyWavez 2023
Pltr H and S breakLooks pretty much a h and s break confirmed with sort of rising wedge breaking down as well. looking at the gap below, I set three targets .
purple area is a consolidation zone for pltr.
I like plrt stock, but for now i am bearish. long term - defnitely a good stock to hold.
** Not a financial advice. these are just my personal opinion. **
PLTR trades at the obvious bull target. Fancy a short here. PLTR has now returned all the way to the level of my first bear forecast of it dropping to under 10.
Almost hitting the second forecast target of under 5 (5.8 low, did miss by a bit).
And now hitting the target level for the long trade from the lows.
We're recently parabolic and spiking out a 1.61 fib. A lot of the times when this will reverse we won't break the 2.20 fib.
So as we're very close to that 2.20 fib, I fancy the odds on this. High RR entries close to the 2.20 fib. Quit above.
PLTR LONG on a 0.5 Fib PullbackPLTR services DOD and military contractors which is a growth industry given current geopolitical
backdrops. I see this as an opportune time to buy the dip which is a healthy correction from
a recent trend up. The idea is illustrated on this 120 minute chart with targets and stop loss.
A H&S so obvious to go long?This is a heavy retail stonk and I've seen a lot of tratooors calling top because Alex Crap was calling shorts coke heads on CNBC. Now we have a classic head and shoulders. Could it be a trap? IDK but it regained the 50 ma today which could act as a launch pad. Worth a long above the neckline and 50 MA to 24 ish. Then a call trigger on ATRs may justify more. I view this a contra to an obvious distribution pattern. A tight stop at 21.90 is a must!
