$PLTR: Company OutlookNYSE:PLTR : Company Outlook
We could potentially see a breakdown here. So keep it on your watch.
I will keep you updated!
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PLTR trade ideas
Palantir to plunge 40% ??In seven days from now Palantir will publish their not so hot earnings report.
How can I know this?
The chart.
On the above 6 day chart price action has rallied a massive 600% in 24 months. A number of reasons now exist to be short. They include:
1) Support and resistance. Both price action and RSI are at resistance.
2) Price action support has failed. See daily chart below.
3) The Bollinger Band (red arrows). Explosive moves in price action eventually reach exhaustion. This is first indicated by the Bollinger band as the mouth curls inwards. This is a strong indication of a trend reversal.
4) The 40% correction is derived from past resistance, which has never confirmed as support. It is also a significant Fibonacci level.
Is it possible price action breaks resistance and continues to climb? Sure.
Is it probable? No
Ww
Trend breakout on daily
PLTR: Navigating the Retracement for Nov. 19, 2024Technical Analysis Overview: Palantir Technologies (PLTR) has entered a retracement phase, falling from recent highs near $67. Despite the pullback, critical support and resistance levels present potential opportunities for both scalpers and swing traders to capitalize on short-term and mid-term movements.
Price Action Insights:
Trendline Support:
A sharp rejection from $67 indicates sellers are in control. However, the current price around $60 approaches a strong trendline and horizontal support, signaling a possible rebound.
Key Levels:
Immediate Resistance: $63.50 — A break above this level could open the path to retest $67.
Critical Support: $58.50 — Failure to hold here may lead to deeper retracements toward $55.
Supply and Demand Zones:
Demand Zone: $58-$60 — Buyers are likely to step in, considering this region's historical strength.
Supply Zone: $65-$67 — Sellers are likely to defend this area, especially if momentum fades.
Order Blocks:
The consolidation between $58 and $63 serves as a key order block. Watch for price behavior within this zone for high-probability setups.
Indicator Analysis:
EMA Strategy:
9 EMA and 21 EMA: The bearish crossover suggests continued weakness, but the price stabilizing near these EMAs could signal a reversal.
MACD:
The MACD line approaches a potential crossover below the signal line. If confirmed, it could indicate a reversal of bearish momentum.
Game Plan for Scalping:
Entry Points:
Long: Above $61.50, targeting $63-$63.50.
Short: Below $58.50, targeting $57.
Exit Points:
Scalpers should lock in profits near key support and resistance levels for quick trades.
Game Plan for Swing Trading:
Bullish Scenario:
Entry: Above $63.50 with a breakout confirmation.
Target 1: $67; Target 2: $70.
Stop Loss: Below $60.
Bearish Scenario:
Entry: Below $58.50 on a breakdown with volume.
Target: $55.
Stop Loss: Above $63.
Thoughts and Suggestions: PLTR is at a critical juncture. For scalpers, focus on intraday price movements within the $58-$63 range. Swing traders should wait for confirmation of a breakout or breakdown before committing to positions. The current setup favors cautious optimism, with buyers likely to defend key support levels.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence before trading.
PLTR Near Crash ValuationPalantir meteoric rise after transfer from NYSE to NASDAQ will come to halt soon as their strong fundamental doesn't move up along with the stock rise. Currently Palantir stock price stand near $66 per share while Book Value per share is traded only at $1.98. So it is traded dangerously at 33 times of Book Valuation per share. The Stock Value Rainbow indicator shows that Palantir stock price is traded far beyond the it's valuation. Stock Value Rainbow measures stock value based on book value per share, earning per share, cash flow per share, dividend per share, couple with estimated earning per share. Rainbow colors show multiple value of it's cumulative total. Palantir crashes on end of Jan 2021 while traded at $44 while its Book Value per share stood at 0.87, which is around 45 times it Book Value per share. The price never recover until Nov 2024. The same meteoric rise recently will sink Palantir stock value for a long period of time as before, as the valuation doesn't catch up stock value. So be really cautious about the next coming crash!
Raw VS Percentage Volatility FormatA Quantitative Comparison of "Buying & Selling Pressure" and "Average Bullish & Bearish Percentage Change"
In market analysis, the choice of averaging method can profoundly influence the insights derived. The "Buying & Selling Pressure " and "Average Bullish & Bearish Percentage Change" indicators demonstrate the unique strengths of fixed-period and candle-count-based averaging approaches.
Key Differences Between Fixed-Period and Candle-Count Averaging
Fixed-Period Averaging in BSP:
➡︎ In "Buying & Selling Pressure", candle metrics are averaged over a defined period (e.g., 14 bars).
➡︎ This provides rapid insights into market sentiment changes, making it ideal for tracking incentive shifts and volatility in real time.
➡︎ However, because this method includes all candles in the averaging window, it may reflect short-term fluctuations, offering less stability compared to candle-count-based methods.
Candle-Count Averaging in ABBPC:
➡︎ "Average Bullish & Bearish Percentage Change"uses a predefined count of bullish or bearish candles for averaging percentage changes.
➡︎ This produces stable and reliable values, which are less sensitive to noise and better suited for risk and reward assessment.
➡︎ The focus on specific candle states ensures that only relevant market behaviors contribute to the averages.
Using Percentage Change for Risk Definition
One of the greatest strengths of the "Average Bullish & Bearish Percentage Change" indicator is its ability to assist in risk and reward calculations with much more market related figures instead of raw values of volatility:
Defining Risk
The average percentage change of bearish candles can serve as a dynamic stop-loss level.
For example, if the average bearish percentage change over the last 10 candles is 2%, a trader can set a stop-loss at 2% below their entry to account for typical market behavior.
Quantifying Reward:
The average bullish percentage change helps identify realistic profit targets.
If the average bullish percentage change over the last 10 candles is 3%, a trader can set a target at 3% above their entry to maintain a favorable risk-to-reward ratio.
Dynamic Adjustments:
As the market evolves, these average percentage changes update, allowing traders to adjust their risk and reward levels in real time for better precision.
Quantitative Advantages of Percentage Change Averaging
Normalization Across Price Levels:
Percentage changes enable consistent comparison across assets with vastly different price ranges.
Enhanced Stability for Risk Assessment:
Candle-count averaging smooths out noise, offering a reliable basis for setting risk parameters like stop-losses and profit targets.
Improved Predictability:
By isolating specific candle behaviors, percentage-based metrics provide clearer signals for trend-following or mean-reversion strategies.
Advantages of BSP’s Fixed-Period Averaging
Despite being less stable, "Buying & Selling Pressure " excels in areas requiring speed and adaptability:
Fast Incentive Tracking:
Period-based averaging adapts quickly to changing market conditions, providing timely insights into shifts in buying or selling pressure.
Broad Volatility Capture:
BSP includes all candles in the defined period, capturing overall market dynamics, including sudden spikes or reversals.
Real-Time Decision Making:
Its responsiveness makes it highly suitable for momentum or breakout trading strategies.
Bottomline:
Use "Average Bullish & Bearish Percentage Change" for stable, consistent data ideal for risk assessment, particularly when defining dynamic stop-loss levels or profit targets based on average percentage changes.
Use "Buying & Selling Pressure " for its speed and adaptability in tracking real-time shifts in market incentives and capturing volatility.
PLTR: Key Levels to Watch for Scalping and Swing TradesPLTR has been consolidating within a defined range, showing both bullish and bearish opportunities depending on how the price reacts to key levels. Let’s break down a game plan for both scalping and swing trading, with an emphasis on price action, liquidity zones, and technical analysis.
Market Structure
1. Current Trend:
* PLTR is consolidating with a slight bearish tilt, trading below the descending trendline from recent highs around $64.
* Short-term momentum is neutral as it holds above the key support zone near $58.88.
2. Liquidity Zones:
* Buy-Side Liquidity: Cluster near $63.17, likely attracting sell stops above this level.
* Sell-Side Liquidity: Sitting below the $58.88 support, likely targeting stops if breached.
3. Order Blocks:
* Bearish Order Block: Around $63.00-$64.00, where price sharply reversed.
* Bullish Order Block: Near $58.50, aligning with prior breakout levels and strong buyer interest.
Key Levels
* Resistance Levels:
* R1 (Immediate): $63.17
* R2: $64.00 (Bearish Order Block Zone)
* R3: $67.44 (Liquidity above)
* Support Levels:
* S1 (Immediate): $58.88 (Strong Demand Zone)
* S2: $56.00 (Swing Low Support)
* S3: $53.55 (Major Confluence Zone)
Entry and Exit Plan
Scalping:
1. Bullish Setup:
* If price breaks above $63.17 with strong volume, look for quick scalps targeting $64.00.
* Stop-loss: Below $62.50 to manage risk.
2. Bearish Setup:
* If price rejects near $63.00, short opportunities exist targeting $60.50, with a stop-loss above $63.50.
Swing Trade:
1. Bullish Setup:
* Enter near $58.88 support if price bounces with a clear reversal signal. Target $64.00 for a swing trade.
* Stop-loss: Tight stop below $58.50.
2. Bearish Setup:
* If PLTR breaks below $58.88 with momentum, a swing short targeting $56.00 and $53.55 is viable.
* Stop-loss: Above $59.50.
Indicators and Insights
* Moving Averages:
* Price is hovering near the 9 EMA and 21 EMA, which are converging—a sign of consolidation and potential breakout soon.
* MACD: Momentum is flattening, indicating a lack of conviction on either side, but a bearish crossover could trigger further downside.
Where It’s Headed
1. If PLTR breaks above $63.17, we could see bullish momentum take the stock toward $64.00 or higher, challenging recent highs.
2. A failure to hold $58.88 would shift the focus to lower levels, potentially triggering a sell-off to $56.00 or $53.55.
Playbook and Game Plan
1. Scalp Strategy: Trade breakouts or rejections at $63.00 and $58.88 with tight stops and quick exits.
2. Swing Strategy: Look for strong reactions at major support ($58.88) or resistance ($64.00) for longer holds.
3. Risk Management: Always define your stop-loss before entering a trade. Use smaller position sizing when trading within consolidation ranges.
Disclaimer:
This analysis is for educational purposes only. Please do your own research and consult with a financial advisor before making any trading decisions. Trading involves significant risk, and you can lose more than your initial investment. Manage risk wisely!
PLTR Analysis: Wave 5 Reaching Its PeakDon't get carried away by the hype. 📉 We're currently in wave 5 of the Elliott Wave cycle, where the market sentiment is at its highest, and those who invested earlier have already secured gains of over 150% 💰.
Ask yourself—will these investors hold or start taking profits? 🤔
Historically, when a stock is all over the news, it signals that we're nearing the top. 🚨
🔴 RSI Alert: The RSI is extremely high, and we are entering a phase of extreme greed.
This is a classic sign that a reversal may be on the horizon.
We're now in the distribution phase, where smart money is selling before the blow-off phase begins.
Be ready for a potential correction and retracement. ⚠️
📊 Key Takeaways:
We're in wave 5 of the Elliott Wave cycle.
RSI is high, signaling overbought conditions.
The extreme greed phase could lead to a sharp pullback.
Monitor for signs of a blow-off top and be cautious of overexposure.
Stay vigilant and watch the levels closely.
This could be a turning point! 📉
Disclaimer: I'm not a financial advisor.
This analysis is for informational purposes only. Always do your own research before making any investment decisions.
#PLTR #ElliottWave #RSI #StockMarket #ExtremeGreed #InvestSmart #TechnicalAnalysis #MarketPsychology #TradingView
(PLTR): Continuation or Pullback? Nov. 18, 2024PLTR has been rallying within a rising wedge pattern, signaling strong bullish momentum. However, price action near resistance levels suggests the potential for either a breakout or a pullback. Let’s outline key trading setups for scalping and swing trades based on the current technical structure.
Technical Overview:
Market Structure:
Trend: PLTR remains in a strong uptrend, forming higher highs and higher lows within a defined wedge.
EMA Levels: The 9 EMA (purple) and 21 EMA (blue) are trending upward and acting as dynamic support.
Key Levels:
Resistance Zones:
$66.50 – Immediate resistance near the wedge upper boundary.
$67.50 – Major resistance from previous highs.
Support Zones:
$65.00 – Current support at the wedge midline.
$63.50 – Strong demand zone and previous breakout level.
$58.50 – Critical support from the recent consolidation zone.
Supply and Demand Zones:
Demand Zone: $63.00–$63.50, where buyers stepped in previously.
Supply Zone: $66.50–$67.50, where sellers have historically taken control.
Indicators:
MACD: Histogram shows bullish momentum, but with signs of potential weakening as the price nears resistance.
Volume: Increased volume on green candles signals strong buyer interest.
Pattern:
Rising wedge with a potential for a breakout above $66.50 or a pullback to the lower boundary.
Game Plan:
Scalping Plan (1-Min and 5-Min Timeframe):
Entry for Long:
Buy on a breakout above $66.50 with strong volume.
Target 1: $67.00 (quick scalp).
Target 2: $67.50 (major resistance).
Entry for Short:
Sell on rejection at $66.50 or a breakdown below $65.00.
Target 1: $64.00 (scalp to next support).
Target 2: $63.50 (demand zone test).
Stop Loss:
Long: Below $66.00.
Short: Above $66.80.
Swing Trade Plan:
Bullish Scenario:
Buy if price holds $65.00 and breaks above $66.50.
Target 1: $67.50 (major resistance).
Extended Target: $70.00 (psychological level and breakout extension).
Stop Loss: Below $64.50.
Bearish Scenario:
Sell if price breaks below $63.50 with volume.
Target 1: $61.50 (key support level).
Extended Target: $58.50 (demand zone).
Stop Loss: Above $64.00.
My Thoughts:
For Scalping: Focus on the $65.00–$66.50 range for quick trades, particularly near the wedge boundary. Volume confirmation is key.
For Swing Trades: Watch for a breakout above $66.50 to continue the bullish trend or a breakdown below $63.50 for potential bearish opportunities.
Directional Bias:
Short-term: Bullish above $65.00 with the potential for a breakout.
Mid-term: Neutral-to-bullish unless price breaks below $63.50.
Actionable Suggestions:
Monitor the $66.50 level for breakout/rejection signals.
Use $65.00 as a key level for intraday trading setups.
Avoid entering trades in the middle of the range ($64.00–$65.00) to minimize noise.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always use proper risk management when trading.
PLTR Short.Would love to see a dump off these levels. If we hold, its going higher. I would be a buyer way lower in my box.
Thiel Sucks. **** PLTR.
PLTR: Holding Above its Critical Support Line!Daily Chart (Left)
Pullback Signal: There’s a potential pullback signal on the daily chart, indicated by the yestterday's bearish candle, and PLTR is trying to lose its low today. This could suggest that the price may retrace to lower levels before resuming its trend, however, it needs to lose its key short-term support level first, which we'll talk about soon.
Fibonacci Retracement Levels: The chart includes Fibonacci levels, with 38.2%, 50%, and 61.8% retracement lines drawn as potential support zones for the pullback. These levels are likely areas where buyers may step in if the stock pulls back further.
EMA Support: The 21-day EMA is positioned below the current price, acting as dynamic support. The stock remains above this EMA, indicating a bullish trend, although a pullback to the EMA could be possible.
Hourly Chart (Right)
Short-Term Support at $58.57: The hourly chart shows $58.57 as a significant short-term support level. Holding above this level is crucial for the stock to maintain its upward momentum in the short term. If PLTR loses it, then it'll possibly trigger a mid-term correction to its support levels described on the daily chart.
Trading Implications:
PLTR is experiencing a potential pullback after a strong rally. The $58.57 level on the hourly chart is a critical support to watch. If PLTR fails to hold above it, then the retraments will be our next stop, and then we'll see if PLTR will be a buy again or not.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
PLTR NEED A LEG?Everyone is extremely bullish for PLTR. I am as well, awesome to see PLTR go up.
But is it time to get a leg down to go even higher?
I believe that before we reach the 70/75 area, we need a sell to the 55 area. PLTR is way too up and has barely any space to breath within it's market without a single rebound in it's major trend line or minor ones.
Be mindful going up with the trend that you don't get caught on the breather. If you do don't worry. I can see this going to $100 by 2025 so you don't have an opportunity to lose unless unexpected news comes which are related to health specifically or financial issues for the company which I don't see going.
Something that might trigger could be a potential separation due to politics on the internal side of the company, which I don't believe might happen or might affect the company regardless.
11/11/24 - $pltr - FAFO >$60- i'll probably get some hate for this one, also idc
- largest short i've ever had in the book. $1mm. good luck to the longs.
- price and momentum are in your favor. i'll give u that.
- i'll call BS with a ton of skin in the game.
- 40x sales? grows sales 20-25%? margins sub tier software? your gawd alex taking advantage of the meme and dropping 1/3 of his bags.
- look there's a difference between a company and a stock. awesome company. but the valuation is 100% past the point of no return.
- i'm wrong a lot. but this one looks like a nice setup to hedge my btc and nxt mega positions.
:)
V
PLTR on the Move: Key Levels & Setup for Scalping and SwingTrading Plan and Technical Analysis for PLTR
Overview
Palantir Technologies (PLTR) has been displaying a strong uptrend, with price action respecting an upward channel. However, recent sessions have seen some volatility, creating both scalping and swing trade opportunities. Here’s a comprehensive breakdown of the setup, including supply and demand zones, order blocks, and key support/resistance levels to watch.
Key Levels
Support Zones:
$61.00: Immediate support that PLTR has recently bounced off. If it holds, this level could act as a base for short-term bullish momentum.
$57.13: Major support level to watch if the $61 level fails. This has previously seen significant buying pressure.
Resistance Zones:
$63.39: This is the first significant resistance level. A break and hold above this could lead to more upside.
$66.00: A key resistance near the top of the channel. This level would be a major target for swing traders.
Price Action & Supply/Demand Zones
Demand Zone: The region between $59 and $61 has shown consistent buying interest and aligns with previous demand levels. If the price retraces here, it could provide a solid entry for scalping or even a potential swing entry if it shows strong support.
Supply Zone: The area around $63 to $65 has seen sellers stepping in. If PLTR rallies into this zone, watch for possible rejection unless it breaks out with strong volume.
Order Blocks & Market Structure
Bullish Order Block: Around $59, we can see a strong area of support where buyers previously stepped in. Any pullback into this level could present a buying opportunity if we see buying volume return.
Bearish Order Block: Near $63.39, where sellers have taken control before. A break above this could signal a continuation of the bullish trend, but any struggle here might indicate another pullback.
Entry & Exit Suggestions
Scalping Entry: Look for entries around $61.00, especially if price action confirms support here with a bounce. Target quick exits at $63 with a tight stop below $60.50.
Swing Trade Entry: Consider entering near $61 with a target toward $66 if the overall trend remains bullish. Set a stop loss below $59 to manage risk.
Directional Outlook
Bullish Scenario: If PLTR holds above $61 and breaks through $63.39 with strong volume, it’s likely we’ll see a move toward the $66 level. This would make a solid case for a swing trade.
Bearish Scenario: A breakdown below $61 could lead to further downside, targeting the $57.13 support zone. This would be a short opportunity, but I’d wait for a clear break and close below $61 to confirm bearish momentum.
Thoughts and Suggestions
For scalpers, watch the $61 support level closely, as it has shown to be a pivot point in recent sessions. Swing traders should keep an eye on $63.39 as a breakout level. Volume confirmation at these key levels will be essential for determining the strength of any moves.
Overall, PLTR is respecting the channel well, but it’s important to be cautious if we see signs of rejection near resistance zones.
Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Always do your own research and consult with a financial advisor before making trading decisions.
PLTR: Rising Channel with Key Resistance at $62 – Will It Hold?
📌 Overview
Palantir Technologies Inc. (PLTR) is currently trading within a rising channel on the 1-hour chart, with price oscillating between the channel's support and resistance lines. The 9 EMA and 21 EMA are providing guidance on short-term momentum, while volume analysis suggests possible consolidation before a decisive move. Let’s examine the critical levels, indicators, and potential trade scenarios.
📊 Current Trend on the 1-Hour Chart
The 1-hour chart shows a clear upward channel, with PLTR making higher highs and higher lows. The price is moving along the channel’s support and resistance, indicating a strong uptrend within this pattern.
However, current price action appears to be consolidating near the middle of the channel, which could either signal a continuation higher or a potential pullback.
📉 Key Levels
Resistance Levels:
$62.08: This is the recent high and a significant resistance level. A breakout above this level with strong volume could confirm further upside within the channel.
$59.78 - $59.73: The current ask and bid prices are near this level, marking minor resistance. Clearing this zone is essential for PLTR to retest the higher boundary of the channel.
Support Levels:
$57.13: This support level aligns with previous lows and could act as a short-term floor if PLTR pulls back.
Lower Channel Trendline: The lower boundary of the rising channel acts as dynamic support. A break below this trendline would indicate a potential reversal of the current uptrend.
🔄 Indicators
9 EMA and 21 EMA:
The 9 EMA is currently above the 21 EMA, which supports the bullish trend. However, the two EMAs are close to each other, indicating possible consolidation.
If the 9 EMA crosses below the 21 EMA, it would signal short-term bearish momentum, suggesting that the price may test lower support levels.
MACD:
The MACD is relatively flat, indicating a lack of strong momentum. This suggests that the stock might be consolidating and could see a breakout or breakdown depending on the next volume push.
Volume:
Volume has been declining, a common pattern before a significant move. Watch for a volume spike to confirm any breakout above resistance or breakdown below support.
🛠 Trade Setup
Bullish Scenario:
A breakout above $62.08, accompanied by increased volume, would confirm bullish continuation within the channel. In this scenario, a possible target could be the upper boundary of the channel, with additional upside depending on market momentum.
Bearish Scenario:
A breakdown below $57.13, or a close below the lower channel trendline, would indicate a bearish reversal. In this case, targets would include the $55 area or lower, depending on the selling pressure.
⚠️ Risk Management
Stop-Loss: For bullish trades, consider a stop-loss just below the lower trendline or $57.13. For bearish trades, set a stop-loss above $59.78 to limit losses if PLTR reclaims the channel.
Position Sizing: Ensure proper position sizing according to risk tolerance, as channel breakdowns or breakouts can lead to accelerated moves.
📚 Key Takeaways
PLTR is in an upward channel, currently consolidating near the middle.
The 9 EMA and 21 EMA indicate a bullish bias, but potential consolidation could shift momentum.
Watch for volume and price action around $62.08 for confirmation of bullish continuation or a break below $57.13 for bearish potential.
💬 Conclusion
PLTR is in a strong upward channel but currently consolidating near the middle of this range. The next move will likely be driven by volume and momentum signals. Traders should monitor the upper and lower levels for potential breakout or breakdown setups.
Disclaimer:
This analysis is intended for educational purposes and should not be considered financial advice. Please conduct your own research or consult with a financial advisor before making trading decisions.
PLTR on the Rise: Key Levels to Watch for Nov. 14, 2024Palantir Technologies Inc. (PLTR) has been trending upward, but it’s approaching critical levels that could determine the next move. Here’s a deep dive into the price action, supply and demand zones, order blocks, and trade opportunities for scalping and swing positions.
Market Structure Overview:
PLTR has been on a steady uptrend, currently trading within a rising channel. The stock is approaching resistance levels, and momentum could either drive it to new highs or lead to a pullback if buyers show exhaustion.
Key Zones:
Demand Zone (Support): $60.00 - $61.00
This zone has consistently attracted buyers, providing support within the channel. If PLTR revisits this area and holds, it could be an ideal entry for long scalps or even swing trades.
Supply Zone (Resistance): $63.35 - $63.39
This range is the immediate overhead resistance, representing a psychological level that may test the strength of the current uptrend. A break above this range could signal bullish continuation, while rejection could lead to a short-term pullback.
Order Block Insight:
PLTR has formed an order block around the $62.00 level, which has served as a battleground in recent sessions. This area represents potential institutional interest, and reactions here may provide clarity on short-term direction.
Support & Resistance with Entry, Exit, and Stop Suggestions:
Immediate Support: $61.00
Long Entry: Look for entries near $61.00 on signs of a bounce, targeting exits around $62.50 and $63.00.
Stop-Loss: Below $60.50 to manage risk if PLTR breaks lower.
Immediate Resistance: $63.00
Short Entry: Near $63.00 if there’s rejection, with targets at $62.00 and $61.00.
Stop-Loss: Above $63.50 to protect against a breakout.
Swing Trade Setup:
Swing Long: Above $63.39, with targets at $64.50 and $65.50 if momentum continues.
Stop-Loss: Below $62.50 to reduce downside risk.
Swing Short: Below $60.00, aiming for $58.00 as the next support level.
Stop-Loss: Above $61.00 to control risk if PLTR reverses.
Price Action Insights:
PLTR’s price action indicates bullish momentum within the rising channel, but it’s nearing a critical resistance around $63. The MACD shows a mild bullish momentum, which aligns with the potential for an upward push if buyers remain committed. A failure to break $63, however, might lead to consolidation or a slight pullback.
Indicator Analysis (9 EMA & 21 EMA):
PLTR is currently trading above both the 9 EMA and 21 EMA, supporting the bullish outlook. If it stays above these EMAs, the uptrend should remain intact. A bearish cross or loss of these levels could prompt a short-term reversal.
Scalping & Swing Outlook:
Scalping: Look for quick long entries near $61.00 for bounces toward $62.50, or short entries around $63.00 if there’s resistance.
Swing: The key breakout level is $63.39. A strong push above could lead to extended gains. Conversely, a drop below $60.00 could signal a retracement to lower support levels.
Directional Thoughts & Suggestions:
Given PLTR’s current structure, it appears poised for a bullish continuation, especially if it can clear the $63 resistance. My suggestion would be to monitor reactions around $63.39 closely. If it fails to break, expect some consolidation within the channel or even a test of lower support. A breakout above $63.39 would favor longs targeting new highs within the channel.
Conclusion:
PLTR is at a decisive point, with clear levels for both bullish and bearish plays. Patience for confirmed moves and disciplined stops are essential here. The setup offers potential in both directions, so stay alert to reactions at key zones.
Disclaimer: This analysis is for educational purposes only and not financial advice. Please conduct your own research and consult with a financial advisor. Trading involves risks, and past performance does not guarantee future results.
Palantir looks like a classic Bubble in the MAKINGNow I don't like picking tops and bottoms, so that's why I have chosen Neutral for this.
However, the market is driven by more greed and potentially soon Fear than usual.
ANy market that climbs beyond 60 degree inclination, should indiate potential warnings of a major crash to come.
That's because, it gets to the points where the NAV is far below the actual price.
And what drove the market is perception of the people, which is fickle.
So we can watch and see how it plays out - But no way would I buy with a market that looks like this.
PLTR Eyeing Further Upside with CautionPalantir Technologies (PLTR) is consolidating after a strong uptrend within a rising channel on the hourly chart. Here's a detailed technical breakdown for scalpers and swing traders:
Support Levels:
Immediate support sits around $58.17. A break below could indicate a pullback to the next major support at $56.47.
Stronger support lies at $53.54 – a level to watch for any deeper retracement.
Resistance Levels:
$62.08 is a key resistance level. A breakout above this zone with strong volume could propel PLTR higher, potentially testing $65 as the next target.
Moving Averages:
The stock is trading above both the 15 EMA and the 161 EMA, indicating a bullish momentum. If PLTR remains above these moving averages, it suggests sustained upward pressure.
Volume Analysis:
Volume is trending down slightly during this consolidation, which may indicate a potential pullback before a continuation. Watch for a volume spike to confirm any breakout or breakdown.
Scalping Setup:
For intraday trades, a break above $62 on high volume could offer a quick entry, targeting the upper channel line or the next resistance.
If PLTR pulls back to $58 and bounces, it could provide another short-term entry for a ride back to resistance.
Swing Setup:
For swing traders, waiting for a break above $62 could set up a position targeting $65 and potentially beyond if momentum holds.
Conversely, if PLTR breaks below $56, consider reducing exposure as it may signal a larger correction.
Disclaimer: This analysis is for informational purposes only and not financial advice. Always conduct your own research before trading.
PLTR Poised for a Breakout: Scalping & Swing Trade for Nov. 25PLTR is currently trading within a key range, showing signs of strength after reclaiming a significant support level. With bullish momentum building, PLTR offers an attractive opportunity for both scalping and swing trades. Let’s dive into the technical details and create a game plan.
Market Structure:
1. Trend Analysis: PLTR is forming higher lows and has broken out of a consolidation phase, hinting at further upside potential.
2. EMA Signals: The 9 EMA has crossed above the 21 EMA on the hourly chart, indicating bullish short-term momentum.
3. Volume: Steady volume increases during upward moves signal active buyers entering the market.
Key Levels:
* Resistance: $64.50, $67.44.
* Support: $63.00, $60.83, $58.84.
Liquidity Zones:
* Demand Zone (Support): $63.00–$63.50. This level is acting as a base for current price action, where buyers have shown strength.
* Supply Zone (Resistance): $64.50–$65.00. Sellers have previously stepped in here, creating a potential challenge for further upward movement.
Price Action Insights:
1. PLTR is trading in an ascending wedge pattern, often a bullish continuation setup.
2. Recent price action shows clear rejection from $63.00, confirming it as a strong support level.
3. A break above $64.50 could trigger momentum toward the next resistance at $67.44.
Order Blocks:
* Bullish Order Block: $63.00–$63.50, where institutional buying activity is likely.
* Bearish Order Block: $64.50–$65.00, where sellers are defending price aggressively.
Entry & Exit Suggestions:
For Scalping:
* Entry: Look for a bounce near $63.50 if the price shows bullish rejection wicks.
* Target: $64.50 (partial profit), $65.00 (final target).
* Stop-Loss: Below $63.00 to manage risk.
For Swing Trade:
* Bullish Scenario:
* Entry: Above $64.50 on a confirmed breakout with volume support.
* Target: $67.44, followed by $70 for extended upside.
* Stop-Loss: Below $63.00 to protect against downside risk.
* Bearish Scenario:
* Entry: Below $63.00 if price fails to hold support and shows strong bearish momentum.
* Target: $60.83, followed by $58.84 for further downside.
* Stop-Loss: Above $63.50.
Thoughts & Projections:
* Bullish Outlook: If PLTR clears $64.50 with strong volume, it is likely to continue its upward momentum toward $67.44 and potentially higher.
* Bearish Outlook: A breakdown below $63.00 could bring PLTR back to its prior support zones near $60.83.
Playbook & Game Plan:
1. Pre-Market Prep:
* Mark $63.00 and $64.50 on your chart.
* Observe pre-market volume to gauge momentum near these levels.
2. Scalping Checklist:
* Focus on quick trades within the $63.50–$64.50 range.
* Use the 9 EMA to confirm the short-term trend.
* Take partial profits quickly to lock in gains.
3. Swing Checklist:
* Wait for breakout confirmation or breakdown validation.
* Use volume analysis to confirm the strength of the move.
* Maintain disciplined stop-losses to manage risk effectively.
Conclusion:
PLTR is building momentum within a strong technical setup. A breakout above $64.50 could spark a sharp move higher, while a breakdown below $63.00 would shift focus to lower levels. Scalpers and swing traders alike can capitalize on these opportunities with disciplined execution and risk management.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and use proper risk management techniques when trading.
Bearish Bearish divergence noted on daily chart. Put debit on December 12/20 $50 and $40 debit spread as on close today for $36 dollars. See if you can get it better tomorrow for a max potential profit of $936 on expiration. Price has shown weakness at R5.
Get out for a $100 dollar profit. Don’t be greedy. Learn to grow profit slowly.
Good luck!
A bullish outlook for PALANTIR next week as it approaches $72PALANTIR's stock has shown remarkable upward momentum recently, largely due to
the excitement surrounding its shift from the New York Stock Exchange to
NASDAQ. Investors responded favorably, pushing the stock price significantly
higher, with recent highs reaching around $71. Analysts are polarized on the
company's valuation, given its lofty multiples compared to peers, prompting
a mix of bullish sentiment and caution among investors.
- Key insights revolve around PALANTIR's strong fundamentals, driven by
substantial growth in government contracts and AI-driven solutions. The fear
of missing out (FOMO) has notably propelled its recent price surge.
Investors should weigh the company's growth narrative in the AI sector
against potential valuation concerns. Analysts suggest keeping an eye on
upcoming earnings, which will serve as a crucial indicator of future stock
performance.
- Expert analysis reveals a generally optimistic sentiment toward PALANTIR's
trajectory, with a marked increase in positive mentions across various
platforms, boosting the sentiment score significantly over last week.
Industry experts note that while revenue growth is impressive, lingering
skepticism about valuation remains a point to consider for potential
investors.
- Based on the wisdom of all professional traders, next week’s targets for
PALANTIR are Target 1 at $71 and Target 2 at $72. Stop levels are
established as Stop 1 at $58 and Stop 2 at $53. For longer-term investors,
targets may extend to approximately $75 within the next month, contingent on
continued strong performance and favorable market conditions.
- Notable news affecting PALANTIR includes its announced transition to NASDAQ,
which is seen as a significant move that may bolster investor interest. The
company's strong earnings report and partnerships, notably with L3 Harris
for AI applications in the defense sector, also play pivotal roles in
shaping market sentiment. Additionally, analysts expect the upcoming
earnings report to be a critical moment for PALANTIR, impacting its stock
trajectory in the near term.
Short on PalantirPalantir's stock is facing several risks that could justify a short position. Its overvaluation is evident, trading at a P/E ratio of around 247 after a 150% surge in 2024, implying that future growth is heavily priced in; if the company doesn't meet these expectations, a sharp correction could occur. Insider selling over the past 90 days has raised doubts about confidence in Palantir’s future, despite some sales being pre-planned. The stock's gains are tied closely to the AI boom, but there's skepticism over whether Palantir's contracts can maintain momentum, leading to concerns that AI hype may not translate into sustainable growth. Analysts give the stock a "Reduce" rating with a consensus target suggesting a 33% downside, highlighting the potential risk of a pullback.
Furthermore, the stock appears technically overbought, increasing the likelihood of profit-taking and a subsequent decline. Also, it is posible that Palantir is done with the fifth and the last Elliott Wave, and ABC corrective wave are incoming, hence entering a short position (Put) at price $42.00, first target price $32.0 at the 0.5 Fibonacci retracement line, and the second target price 0.382 Fib retracement line $24.0.
A less than perfect earning will help us to get there.
Buy set upPalantir has recently broken out of its triangular formation and is now advancing toward the 68 level. Additionally, a series of positive developments are contributing to the bullish outlook, as the price continues to gain upward momentum each day.
N/b just a speculative set up. Like /follow if you agree. Thank you!
