PALANTIR TECHNOLOGIES INC.The price has already broken the channel which indicates the wave 3 pattern. The price has come to a correction. MACD and RSI is also negative. The next step is to try to catch the wave 5.
PLTR trade ideas
Palantir: LongNYSE:PLTR
Looking at a lovely long opportunity for Palantir. Imbalances have to be filled up at the 13.8 region but before we head there through downtrend, I'm largely expecting that it fills up the minor imbalances at 16.41 region. It works out perfectly that if we spread the Fib from bottom to top of region, it falls at the .32 region which may not always be the perfect region of supply but, may prove nicely with a good SL here.
Overall, the trade is a solid 19:1 RR opportunity.
My other POV for PalantirIn my recent post about PLTR I was bullish and that count still stands for what I have on that count. But we also have to look at this point of view (POV) of the bigger picture of PLTR. We are technically still in a W4 on the downside wave cycle. We have not broken W1 and until that happens we can still be bearish and see a brutal W5 to the downside and wipe all these gains out. Right now, if I was in this stock I would sell and wait things out and take those solid gains that have been given to you.
Digital and technical analysisWe notice that there is an increase in the momentum and that we are in an upward correction
$PLTR NYSE:PLTR
The Palantir stock experienced a decline of -2.03% on the last trading day, Friday, July 14, 2023, with the price dropping from $16.74 to $16.40. Throughout the day, the stock exhibited a fluctuation of 4.49%, reaching a low of $16.27 and a high of $17.00. Over the past 10 days, the stock has seen a rise in 8 of them, and it has recorded a gain of 7.89% over the past 2 weeks. Notably, the volume decreased alongside the stock, which is generally considered a positive sign as volume should follow the stock's movement. Specifically, on the last day, the trading volume witnessed a decrease of -14 million shares. In total, approximately 44 million shares were bought and sold, with a total value of approximately $718.44 million.
Currently, the stock is positioned within the middle of a wide and robust upward trend in the short term, indicating the potential for further growth within this trend. Based on the current short-term trajectory, the stock is projected to experience a remarkable rise of 128.73% over the next three months. Additionally, there is a 90% probability that the stock will hold a price range between $35.18 and $42.04 at the end of this three-month period.
PLTR AnalysisPrice has taken the liquidity at the clean highs at 17.16. No changes to my original expectation, I'm expecting price to continue lower into the discount level next. Potential target for this down move is to mitigate the bullish POI at 10.30.
Palantir stock is within a weak range, with no clear direction!Palantir stock is within a weak range, with no clear direction!
This chart shows the weekly level candle chart of Palantir stock since its listing. The top to bottom golden section is superimposed in the figure. As shown in the figure, the high point of Palantir stock in February this year happened to be 1.382 in the golden section of the chart, and the recent high point hit the lowest point in May 2021! This indicates that the Palantir stock is still within a weak range, with no clear direction! In the future, we will use these two points as the basis for judging the strength of the Palantir stock. Above these two points, bulls are dominant, below these two points, bears are dominant, and between these two points, bulls and bears are in a state of competition!
Tea Time With Palantir - Pinkies Up 🍵Palantir is forming a cup and handle on the weekly charts.
The volume reduction indicates pattern correlation meaning price action, based on that volume reduction, will probabilistic follow the chart formation and we should see some consolidation and ranging before moving higher.
That being said, earnings is coming up on 08/07/23 and this could act as a catalyst with a strong beat leading to continuation without a true handle forming.
PLTR: Buy ideaBuy idea on PLTR as you see on the chart because we have the breakout with force the resistance line and the vwap.Thanks.
PLTRbeen running this PLTR lines for a while, time to change thems o putting them here for reference later on
PLTR looking for Wave 5 ( 4 hour)PLTR has been on a tear lately in the recent Wave 3. In the last couple of days it has corrected and slowed down into a Wave 4. It looks like we have hit in the range of .382 and have seen a reversal to head to Wave 5 for more upside.
PLTR AnalysisPrice consolidated last week. No changes to my expectations, I'm expecting price to continue lower into the discount level, potentially to mitigate the bullish POI at 10.30. Right now, price is showing indecision on where to go.
Palantir still looking strong (Daily)It seems that the 4th wave is finished and full steam ahead into wave 5... but we need to make sure we surpass the blue resistance lines to confirm our wave 5 and head higher. We will see price slow down once we get to the price range around $16.60-17.01. Once we get over this price we will be headed for more gains.
PLTR AnalysisPrice played out according to my analysis last week. Price is currently on a bullish retracement, mitigating the current bearish POI. This low volume pull back is a good sign to prepare price to move lower, potentially into the bullish POI at 10.30.
Up and down, accumulating around $12On weekly TF,
PLTR reached $17.16 and it's pulling back to around $12, now
I expect this trend can go up to $18 - 19
Wait and see
PLTR consolodation then break (up or down)I'm just guessing at the bottom trendline, at this time. However, it looks like we are consolidating and will tighten up until we break. So far, we're holding short (61.8 at top of wedge). we could also retrace all the way back to the $11.00 and hold the bigger long. Hope you find this helpful!
Palentir Technologies Inc. (PLTR:NYSE)Palantir Technologies Inc. develops AI and big-data analytics software programs for use by the intelligence and business communities to solve complex problems.
Palantir is poised to benefit from accelerated US Commercial adoption as customer counts and average pricing per customer metrics show sharp improvement.
Q1 FY23 earnings call and the company's AIPCon have seen the stocks rating upgraded to buy with strong buying volume expected to return.
This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
Log Plotting Future Hype...Big Boy wave plots here - anticipating the future tech bull run that imo is already underway - majority are still overly bearish on markets and the future ahead...so that clearly means we're going to melt up higher.
Pltr Nice pull back. If we pop 14.50 and hold we can look for a big reversal to the upside. Building ascending triangle so be ready to strike
PLTR AnalysisPrice played out nicely as analyzed last week, giving us a -13.93% move, breaking market structure to the downside. From here, price can potentially continue lower into the bullish POI at 10.30 as analyzed since 2 weeks ago. Price can still make a bullish retracement to mitigate the bearish POI at 17.16 before going lower.
