PLTR - Weekly analysis📉NYSE:PLTR stock nearing weekly critical levels! Profit-taking around these highlighted chart areas could be a smart move. Stay vigilant and keep an eye, the trend might lose some steam.
P2LT34 trade ideas
$PLTR Weekly Chart Double Top PierceNYSE:PLTR Weekly Chart Double Top Pierce, to break through this, wait for bullish consolidation.
A "Double Top" in technical analysis refers to a chart pattern that occurs when a security's price forms two consecutive peaks at a similar level, separated by a trough. It typically signifies a potential trend reversal from an uptrend to a downtrend. In the case of the NYSE:PLTR weekly chart, a Double Top pattern suggests that the stock price of PLTR reached a peak, retraced, and then failed to surpass the previous peak, indicating a possible reversal in the stock's upward momentum. Traders and investors often use this pattern to make decisions about selling or shorting the stock, anticipating further price declines.
Price is a picture, value investing is a movieSee my work of math art.
I plot estimates of value over time.
If you can visualize, it helps with understanding.
Investors first must understand 3 things:
does it make money now?
will it make more money later?
how is the company funded?
Avoid money losers.
Avoid companies that cant scale or grow.
Avoid balance sheets that are weak or rotted with debt.
PLTR trades flat on the topping swing Interesting area. Decisions from these levels tend to be quite binary. We're strong up or strong down.
Given we've traded flat on this level for a long time and are in a retest of the previous lows I think it's viable to place really tight stops here.
The flat trading could be an accumulation pattern. PLTR may have been accumulating for months.
Palantir's Breakthrough: Stock Trading Idea for 7/03/2024Data analytics software manufacturer Palantir Technologies Inc. (PLTR) was awarded a $178 million contract with the US Army for the TITAN project, a combat application system utilising artificial intelligence. The TITAN (Tactical Intelligence Targeting Access Node) combat application system will aggregate data from space and ground sensors for further precise targeting and other planning on the battlefield. Government contracts significantly enhance the issuer's financial stability and positively impact its business reputation.
Looking at the stock performance of Palantir Technologies, Inc., the technical analysis reveals positive momentum:
On the D1 timeframe, the resistance level at 25.29 was breached, and support shifted to 23.43. We observe the continuation of the upward trend formed at the beginning of February this year. Also, there was a breakout in the "flag" pattern, serving as additional confirmation of the stability of the current trend direction.
On the H1 timeframe, long positions may be of interest at the rebound from the 25.29 level, with a short-term target at 29.41. A long position can be held up to 33.43 in the medium term.
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PLTR TO THE MOONwatching this one closely today. has a great setup to be bullish but i hold no bias. shooting for 28 with a final target of 35ish
$PLTR: Nice Break of 25Palantir has seen an impressive break of 25 today and our belief is that bulls may defend this area and keep the run going. Growth stocks are holding so far and the fears in AMEX:KRE may subside, if so that should help the broader growth story. Good luck traders!
PLTR Testing Major PivotPLTR is testing a major pivot now after breaking out of a flag. Created a power earnings gap after the reported the last earnings and is now breaking out to new highs. If it can flip the resistance in the $26 range to support, we could see this explode much higher.
Palantir PLTR AI stockAssessing Palantir's quarterly and annual financial reports can provide insights into its profitability, revenue growth, and expense management.
Understanding trends in the technology sector and how data analytics are being adopted across industries can inform the long-term potential of Palantir.
It continues to expand its client base beyond the government and defense sectors into commercial enterprises, it could lead to significant revenue growth.
Could be good for long run
Palantir Wins U.S. Army Contract For Project TITANPalantir Technologies ( NYSE:PLTR ) has secured a lucrative $178 million contract with the U.S. Army for Project TITAN, a cutting-edge battlefield system powered by artificial intelligence. This groundbreaking development has sent shockwaves through both the defense and technology sectors, propelling NYSE:PLTR stock to new heights.
Project TITAN, aptly named Tactical Intelligence Targeting Access Node, represents a paradigm shift in modern warfare, harnessing the power of data aggregation from space and terrestrial sensors for unparalleled precision targeting and battlefield planning. Palantir's role in this venture underscores its position as a leader in providing AI-enabled capabilities to bolster national defense efforts.
"This award demonstrates the Army's leadership in acquiring and fielding the emerging technologies needed to bolster U.S. defense in this era of software-defined warfare," remarked Akash Jain, president of ( NYSE:PLTR ) Palantir's U.S. government business, in a statement. The company's commitment to innovation and strategic partnerships has positioned it as a linchpin in the modernization of military operations.
The integration of technologies from industry stalwarts such as Northrop Grumman, Anduril Industries, and L3Harris Technologies further underscores the collaborative nature of this endeavor. By leveraging the collective expertise of industry leaders, Palantir ( NYSE:PLTR ) aims to deliver a battlefield system that sets a new standard for efficiency and effectiveness in military operations.
Beyond its immediate impact on defense capabilities, Palantir's ( NYSE:PLTR ) foray into AI-defined vehicles marks a significant milestone in the company's evolution. With a keen focus on commercialization, Palantir ( NYSE:PLTR ) seeks to leverage its AI platform to penetrate diverse markets, including healthcare, energy, and manufacturing. The company's ambitious expansion plans underscore its confidence in the transformative potential of AI-driven solutions across industries.
As Palantir ( NYSE:PLTR ) prepares to showcase its AI platform at the upcoming AIPCon event, investors are eager to witness the unveiling of this groundbreaking technology. With NYSE:PLTR stock already surging in response to the TITAN contract, analysts predict continued momentum as the company solidifies its position as a driving force in the AI landscape.
Palantir : In-depth Chart Analysis and Future OutlookIn our detailed examination of the daily chart for Palantir Technologies, we've uncovered the development of a 5-wave cycle culminating in our significant Wave (1). We are currently navigating through Wave (2), which appears to be shaping up as an expanded Flat Correction. Closer analysis suggests that the extent to which Wave B overshoots should directly correlate with the extent to which Wave C dips below Wave A, precisely targeting the 61.8% retracement level. This makes the $10.94 level particularly intriguing for us.
Given the presence of a gap near the 78.6% retracement level, there's also a possibility that this gap might be filled. Our conviction in Palantir's potential and the compelling narrative of the chart argues against being prematurely stopped out. Consequently, we're considering setting our stop-loss strategically below the $7.19 level, the subordinate Wave 2, at $7.
For the upcoming Wave (3), we anticipate a minimum rise to 161%, with the potential to extend up to 361%, projecting a price range between $32 and $58 for Wave (3).
$PLTR, how low will it go on Monday?This run up may be done with. We had a good rally, we broke the $21 resistance, but....The SP inclusion didn't pan out so Monday will see some down. What is your guess? Will we go down to $21 or $17? The $21 resistance should act as support now but markets can be irrational.
What I would do if I wanted to buy some PLTRBuy is set at a center of action. Stop is just below what has held as a long term support area. I'd ladder out the sells.
Palantir - Marvelous Long SetupI'm introducing a long trade with an incredible RRR of 10:1 in Palantir. Let me explain this setup: Following surprisingly positive quarterly earnings, Palantir stock surged, leaving an upward gap of around 22%. Since then, many short-sellers have been trapped in their positions, hoping for a significant downward correction in Palantir. In our view, this hope is misplaced. Instead, we anticipate a significant increase in Palantir stock in the coming months. Before we enter in the long direction, we'd like to see a price decline to the 2023 high area. This both optimizes our RRR and addresses bearish divergences seen in the OBV in the H2 and lower timeframes. We want to see these divergences resolved before initiating a long position, allowing the market to then move in the desired direction.
PLTR pre-earnings play LONGPLTR has earnings on February 5 while on the 120 minute chart, the price action is that of
a rising wedge with price compressing between a rising support trendline and a falling
resistance trendline the extension of the neckline of the head and shoulders pattern of
November. PLTR fell today and is near and above support. In a long trade, I see the target
as 18 ( at the resistance trendline) with a narrow stop loss just under the support trendline.
This makes for a possible 6% profit with a very good reward-to-risk ratio. A call option
for the 2/16 expiration striking $17 is also under immediate consideration.
I am just saying, no fear of missing out here...Bearish short-term, but Bullish longterm...
Palantir Technologies, Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. The firm offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. Its products include Palantir Gotham and Palantir Foundry. The company was founded by Stephen Cohen, Nathan Dale Gettings, Joseph Lonsdale, Alexander C. Karp, and Peter Andreas Thiel in 2003 and is headquartered in Denver, CO.
PLTR: 30-40 by end of 2024Or I could be wrong... I make shit up as I go.
See you guys on the other side!
PLTR: waiting for the retracePLTR has exploded in February. It is also looking like finishing up the five wave sequence with an ending expanding diagonal pattern. There could be one more spike up before the sequence is over and we see a rather healthy retrace. the first leg of the retrace could be as explosive as the way up, followed by a bounce and another leg of drawn out accumulation phase. I will be planning on putting in a very, very long term (10 year plus) position in PLTR as it completes the intermediate wave 2 and gears up for a long wave 3 that could take this stock to triple digit numbers. The drawdown may coexist with the overall market correction that is due very soon and could last for two to three months. This is one of the few stocks I would like my money to be in.
Palantir cycle completeThis looks clean in Elliottwave terms.
Break of current levels would indicate to me the beggining of correction.
Not saying that the 5th wave labeled in yellow is a must done over and end,
Just logically, 1 = 5 and 3 is extended.
Expecting a healthy correction
Palantir: Deja Vue time to go shortMaybe 27 reachable, but rather go short till before next earnings...
