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P2LT34 trade ideas

A reversal on the weekly will in turn provide an entry longThe current downtrend on PLTR has recently been diminishing as bears have been losing selling momentum as the price has been in a consolidation phase for the last couple of weeks since crashing from a high of 21 and losing over 20% in stock valuation since it hit a peak of 21.85 during the week of NOV 2023, which sparked a selloff as numerous insiders began to offload shares of their stock around that price. If you were to switch over to the daily and four hour timeframe there has been a shift or pivot in price when it had bottomed around 15.50 and 16.50. Since hitting a low of 16s numerous times but successfully being bought around that price range. As we approach earnings release in early FEBUARY the slow accumulation of shares at the current price range above 16.50 to as high as 16.80 is a good sign. It has failed to break low 17s for some time but the expectation of an earnings beat and along with the electronic tech sector and tech sector as a whole receiving boost to their own valuations. The idea of AI being a dominating factor within the Artificial intelligence space is yet to end. As we near the expectation of this company of join the S&P it will be interesting to see the results at the end of this year. Currently the price has failed to fall below 14 before the last two earnings and currently has held its value above 15USD. We are currently back on trend to the upside if support from buyers continue to prop up the price of PLTR prior to earnings release which in turn could catapult it further if the earnings beat analyst expectations and regular traders flock into the good news to come. 2024-2025 should be a turnaround for this space. The macd an signal line have crossed and the RSI is below 50 which could spark a rally The monthly candle with enough momentum at the current price before this months end of JANUARY can in fact reverse into a green bodied bullish candle leading into an upside from a technical perspective prior to FEB earnings release. The two consecutive weekly green candles at a support of 16.10 was fantastic to see as the buyers have stepped into this price range.
NYSE:PLTRLong
by nickso833
Palantir: Reverse Gear and next targets 🚴📉Analyzing Palantir Technologies from its count starting in December, 2022, we've seen the development of a 5-wave cycle, concluding with the overarching Wave (1). Currently in a Wave (2) correction, the complexity lies in an overshooting flat. A closer look reveals the start with a downward A using an overshooting flat, followed by a WXY towards an ABC correction for the overshooting Wave B. Now, a five-part correction downwards is expected for Wave 5/C/(2). Anticipated to fall between 50% and 78.6%, it must be below the Wave A, given the overshooting nature of Wave B. Consequently, our crucial buying zone is situated between $12.50 and $8.75. 🚀
NYSE:PLTRShort
by freeguy_by_wmc
I'm Bullish. Here's WhyHi Traders, PLTR is oversold on the 2HR, 4HR, and daily charts and has nearly completed a corrective wave. This corrective wave is denoted by the yellow ABC pattern (also known as a Zig Zag pattern) in Elliot Wave analysis. The Wave Trend indicator is extremely oversold since the signal is far below the green boundary as shown on the chart. I anticipate PLTR will close the small gap around the $14.96-$15.94 area, which is also a BULLISH demand zone and a trend support zone. I've decided to use this area as an entry zone. Once price is in this area, consider a bullish position targeting $17. If PLTR closes above $17, target $18.64 based on harmonic pattern analysis, which currently indicates a bullish Gartley. Here's my bullish case, strictly using Technical Analysis: Harmonics PLTR is showing three bullish harmonic patterns (Gartley, Black Swan, and Anti-Nen Star). I'd like to focus on the gartley pattern, which statistically has a 75% likelihood in reaching T1 ($18.66). In the chart below, you can also see the oversold RSI at a value of 28.74 Price Action There is a bearish order block around the $14.75 as denoted in the chart below. Bearish traders sold PLTR back in NOV 23, but PLTR didn't decline further in price. Instead, it gapped up, which indicates Bearish traders exhausted their selling power and will likely be eager to close their positions by buying PLTR at this price point, thereby constituting a bullish demand zone. Trends Trend resistance is $16.98 with trend support at $14.40 as denoted by the trend lines on the chart below. The 200 period moving average (yellow line) is $14.80, which coincides with trend line support, gap analysis, and price action order blocks. I consider this strong support for now. The 9 period (purple line) 21 period (blue line) moving averages act as resistance (for now) and are $16.74 and $17.31 respectively. Both coincide with trend resistance at $16.98. The chart also shows positive divergence on the VMMACD and MACD indicators. Trading Plan I trade options, and while I do own several hundred shares of PLTR, I generate income by selling CALL and PUT options based on the volatility (i.e. price swings) of PLTR. Since I anticipate PLTR is nearing a LOW, I will likely sell several $14 or $15 PUTs option with a 45 DTE (Date Till Expiration) to collect premium. When PLTR reaches my upside targets, I will sell COVERED CALL options (maybe $18 or $19 strikes) to collect premium, because I know that these upside targets act as supply zones (i.e resistance) and price may decline from these areas. Happy Trading!
NYSE:PLTR
by chiefwils0n
4
PLTR- Downside Risk Remains-$15Palantir has seen a steady decline after having breached the $20 level, late last year in 2023. Prices are down more than 3% YTD. 20 (D) & 50 (D) EMA crossover- Short-Term TGT: $15 200 (D) EMA We can expect a bounce from the $15, failure of this level will bring back the next main support @ $13.5. Prices will need to regain control above the 100 (D) EMA @ $17 before moving higher. Overly optimistic market expectations of a 150bps cut in 2024, meanwhile the Federal Reserve's outlook of a 75bps cut.
NYSE:PLTR
by SUNRAY11
$PLTR Weekly Chart Fundamentals + AlgorithmsFundamentals + Algorithms Revenue growth: While not explosive, PLTR has shown consistent revenue growth, exceeding 40% year-over-year in recent quarters. However, investor expectations and valuation were initially set much higher, contributing to the recent stock price decline. Profitability challenges: PLTR currently operates at a significant net loss, raising concerns about its ability to become sustainably profitable in the near future. This further adds to the uncertainty surrounding its valuation. Cash-rich position: On the positive side, PLTR boasts a strong balance sheet with no debt and ample cash reserves, providing it with the flexibility to make strategic investments and navigate potential cash flow disruptions.
NYSE:PLTR
by AlgoTradeAlert
Plantir technologiesConsidering the strong fundamentals and positive technical indicators, my analysis leads me to believe that Palantir Technologies is well-positioned to outperform current market expectations. The stock's potential to break through the $20 weekly resistance is supported by its revenue growth, diverse client base, strategic partnerships, and favorable technical indicators. While all investments carry inherent risks, Palantir's current trajectory indicates a compelling opportunity for investors seeking growth in the technology sector.
NYSE:PLTRLong
by tavinash0077
2
PLTR looking for a breakout1. Price Performance: NYSE:PLTR has demonstrated a consistent upward trend, yielding over 10% gains since September lows. Notably, the stock has established higher lows, indicating a potential bullish trajectory. 2. Technical Analysis: The stock is currently approaching a key point, poised to break out of a triangular formation. Safe traders may opt to await confirmation through a breakout, while risk-tolerant investors may consider entering early. 3. Technical Indicators: A significant bullish signal is evident with a recent MACD crossover, aligning with positive trends observed in historical data. By combining these factors, NYSE:PLTR presents an intriguing opportunity for investors, with both the price action and technical indicators suggesting a favorable outlook.
NYSE:PLTRLong
by sajalgoelin
3