$PLTR: OUTLOOKNASDAQ:PLTR : OUTLOOK
Watching for a 1-HOUR candle close ABOVE $66.25 to ENTER 📈
Targeting $67.56 price level!
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PLTR trade ideas
PLTR: Setting Up for the Next Big Move – Key Levels to WatchPLTR) is trading within an ascending channel, showing promising upward momentum in recent sessions. The stock has been building higher highs and higher lows, a strong indication of a bullish structure. Let’s break it down:
Key Levels to Watch:
* Support Zones:
* Immediate support at $63.91, marked by recent consolidation.
* Major support at $58.85, aligning with previous demand zones.
* Resistance Levels:
* First resistance at $67.88, the upper range of the current channel.
* Key resistance at $69.00, which may act as a breakout point for further highs.
Order Block & Liquidity Zones:
* A notable bullish order block is sitting near the $63.91 zone, indicating significant institutional buying interest.
* Liquidity appears to be building above $67.88, suggesting a potential liquidity grab and breakout.
Price Action Insights:
* PLTR has been trading within a well-defined ascending channel, supported by increased volume on green candles, signaling strong buyer interest.
* The MACD shows a bullish crossover, adding further conviction to the upward trend.
Game Plan for Traders
Scalping Opportunities:
* Entry: Consider entering near $66.00, targeting a quick move to $67.88.
* Stop Loss: Place a tight stop loss below $65.00 to limit downside risk.
* Exit: Take profit near $67.88, aligning with the immediate resistance level.
Swing Trade Setup:
* Entry: A solid breakout above $67.88 with volume confirmation could be a strong swing trade setup.
* Stop Loss: Place a stop loss below $63.91 to account for volatility.
* Target: Aim for $72.00, the potential next resistance if the breakout sustains.
Trader Sentiment
* Retail traders appear optimistic about PLTR due to its bullish price action and consistent higher lows.
* Institutional activity is evident in the order block near $63.91, showing significant accumulation at lower levels.
Market Direction Prediction
PLTR is likely to continue its upward trend if it breaks above $67.88 with conviction. However, traders should watch for false breakouts and ensure volume confirmation. Risks include broader market volatility or unexpected news impacting the tech sector.
Thoughts & Suggestions
PLTR is shaping up for a potential breakout, but patience is key. Stick to the game plan and avoid chasing the price. Keep an eye on volume spikes and the $67.88 resistance level for the next move.
Disclaimer
This analysis is for informational purposes only and not financial advice. Always do your own research and consult with a professional before trading.
PLTR NEOWAVE ANALYSISExperimental analysis with the intention to follow back later on as I am still learning
Looks like a clear flat pattern due to the very stretched out B wave, which also ended around the 1.38 extension of wave A retracement. This tells me one thing: the B wave was indeed strong. Normally, in such scenarios, there is a very small chance that wave C retraces wave A with such force.
This pattern will most likely be the first leg of a very complex correction. Although rest assured that the overall trend for PLTR is up, I do not know to what extent. But after this wave C completion, we will be headed down for quite some time.
Palantir ShortThis could be a good short opportunity but i wouldn't go too far with this trade bc the overall trend is in tact
palantir on the downPalantir Technologies is a public American company that specializes in big data analytics. The company’s stock has been volatile in the past, and some investors believe that it is overvalued. Additionally, the company’s listing on the Nasdaq Global Select Market is currently in question due to the exchange’s disapproval of the company’s plan to consolidate the financial results of Canopy USA at one point. If Canopy chooses to continue with its plan and speed up its entry into the U.S. cannabis market, its listing on Nasdaq could be in jeopardy
Not to the moon but to the core of the earthOverall downtrend, break of baseline PLUS breakout out of triangle formation. I got one word for you: SHORT. Target zone: core of the earth.
PTX very interesting , cold break all time high.*** This is just for educational purpose. It is not an investment advice. I am just sharing my own analysis.
Thanks for watching. Follow if you like.
:)
PTX Possible rematch for an entryFor now it looks like strong resistance at 30.6$. It may go down towards 28.12$. A nice entry point. I wouldn't like it if it breakes below 25$.
As long as major support trendline hold it's just follow the trend for higher goals..
