PLTR trade ideas
PLTR looks primed for higher pricesNYSE:PLTR
the price of PLTR has been declining for quite sometime now. trading at a significant discount.
if you liked this stock at 25 then you will love it under 11
we have a type two return (double bottom) on the daily timeframe while showing strong hidden bullish divergence.
trading in a deep value you area here i could see reversal coming soon.
price targets for his asset are 14.90, 17, and eventually 21
let me know what you guys think in the comments!
happy trading
mindset matters
Huge Earning Miss - Palantir Could Drop to $4 OMGMy quick fire Elliot wave within 10 seconds says, that Palantir can go to $4. Why? because that is the target for Wave 5 down
The Elliott wave on the daily chart shows that it could be in Wave 5 down. And that wave 5 will terminate near target zone 1 ( Fib Expansion 62% ).
PLTR- BREAKOUT OR GOOD BUY OPPORTUNITYPalantir Technologies is scheduled to announce Q1 earnings results on Monday, May 9th, before the market open.
The consensus EPS is $0.04 and the Revenue Estimate is $443.51M.
On the chart, we see a breakout of the support level, but the earnings report will give us a confirmation of whether the breakout is real or fake.
Worse than expected results will push PLTR to dive even deeper into the red zone and new lows below $9 will be displayed on the chart.
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PLTR: Palantir Technologies, Make or Break, Earnings is MondayGreeting traders and Investors.
The price chart of Palantir technologies is a typical example of bubble and bust.
Back in October of 2020, the stock begin a slow and steady five wave rally that from it low of $8.90 up to $45.00 lasting a period of 16 weeks.
Since then, we have seen a devastating decline that has spanned a period of 66 weeks. This correction ultimately took the shape of a three wave decline.
At this juncture it is important that we take a look at the rules of the wave principle which states that wave two cannot retrace more than 100% of wave one.
If we stay above our critical support of $8.90, we should expect to begin to see some upward moves. If for any reason we traded below this key level, the hope for an upside potential will be dashed away momentarily.
It is worth mentioning that earnings is Monday so I employ you to keep a close eye on the price chart.
Don't forget to leave a like and let me know of your thoughts in the comment section.
Happy Sunday.
More pain to follow in PLTRDespite a big bull on PLTR long term, charts are showing a breakdown to revisit ATL on PLTR.
Disclaimer: Educational idea on technical trading. I have long positions in PLTR. Will open a short term swing trade for short if price visits supply zone of 12$
target for next 3 years this is reasonable targets for PLTR
yes its X4 and X10
but it reasonable for this company.
i will not be surprised if reached the target in less then 3 years
PLTR/USD Daily TA Neutral BearishPLTR/USD Daily neutral with a bearish bias. Recommended ratio: 45% PLTR, 55% cash. Price is currently at $10.74 and still technically testing the uptrend line from 02/24/22 ($11.71); the largest value zone in its short history (company listed on NYSE 09/30/20) is between $10.84-$13.15. Volume remains relatively moderate and fairly balanced between buyers and sellers, indicating Price is in a period of consolidation. Parabolic SAR flips bullish at $11.78, this is mildly bullish in the short term. RSI is currently trending up at 38.25 after bouncing off of the uptrend line from 01/27/22; the next resistance is at 46.81. Stochastic remains bullish and is currently trending up at 19.84 after bouncing from 8 support, the next resistance is at 30.65; this is bullish. MACD remains bearish and is currently trending down at -0.56 with premature signs of forming a trough; the next support is at -0.81. ADX is currently trending up at 24 as Price is trending down after a rejection at the 50 MA (which happens to coincide with the Point of Control of the VP at $11.84). If Price is able to recapture the uptrend line from 02/24/22 at $11.71 and flip $12.25 minor resistance to support, then it will likely retest $14.59 minor resistance before retesting the upper trendline of the channel from January 2021 at $17-$18. However, if Price breaks down below the descending trendline from 01/24/22 at $10.10, then it will likely test the ATL at $8.97 and potentially lower to retest the descending trendline from November 2020 at $8. Mental Stop Loss: (two consecutive closes above) $11.84.
We haven't found the gold in PLTR!
NYSE:PLTR
Waiting, waiting, waiting...
News:
Nothing new, just waiting for earnings; not that it matters; it has failed all previous earnings.
Charts:
EMA ( Exponential Moving Average ): Well, like every other stock, the price is hanging out below the 20/50/100/200 EMA and are all pointing downwards! And yes, Nov. 19th death cross is still in action.
TTM Squeeze: Hmm... have we found the bottom? A double bottom will be nice at this point but tomorrow's interest rate hike will decide.
Fib Levels: The price is bouncing off of the 1 fib and holding a major support.
Candle Stick: Piercing or bullish engulfing pattern. Fingers crossed, we might just be at the end of this downtrend.
RSI: Didn't touch 30 but bouncing off of 32/34 range is not a bad idea. especially if TTM squeeze is stabilizing and candles are looking positive.
Pattern: Bullish rectangle and crossing fingers for a double pattern.
History: See related idea before.
Could PLTR be making an Expanding Leading Diagonal?This pattern is quite rare so we can't be sure it's really what is playing out. Either way I am invested in Palantir for the long term, and excited to see how it plays out. If it does end up going lower I'm happy to buy your shares for cheap. Thanks for playing.
If this really does play out, you might see Palantir reach $100 in a number of years.
PLTR rally into earnings ? I wouldn't be surprised ;)looks like we will see our 3rd bounce off this strong support zone, the longs still hold control !
Targeting 12.16-14.22-16.78
PLTR: Overall Market TrendThe US market is preparing for further correction it would seem. There's just not enough people buying - let alone trading volume in general.
This may look like a "double bottom" prior to earnings. But technically, on the weekly, we have already crossed down on the RSI and the MACD looks as though it will follow suit next week (perhaps after earnings)
Fundamentally, there's weakness in the overall market PLUS Palantir's earnings calls are lackluster at best. In this bear market there likely won't be anything too exciting - particularly for those that don't understand Palantir's business or their revolutionary software.
I see more buying opportunities short term for myself as a long term investor, as I believe we'll see further movement downward. Maybe even an emotionally driven breakout downward.
Please let me know your thoughts and what you think will over by the end of this year.
Palantir Technologies Inc ready to reverse ?Technical analysis
On the left we have the 4 last major Daily move. (Green and red arrow)
We can see on the Daily RSI that we broke the Trend line of the daily momentum = possible changing momentum to the up side
On the right we can see a formation of (L H HL HH)
We broke a smaller chanel = Bullish signal
We broke the daily 21 SMA = Bullish signal
Possible buying opportunity:
buying the stock near the 0,618 (Golden ratio) of the last HH
in confluence with the end of the high liquid level
I keep in mind that we can retrace to lower price like 11-10 $. if this happen I want confidence on the Bull side
If I dont see 'strong' buying activities aka quick rebounce from the 11-10 $ level. It mean that the Daily 21 SMA could return to the bear side and this can cascade to a bearish continuation and who know how far this stock can dip before actually forming it 2022 low..
knowing that, I also keep in mind that it totally possible that we are currently forming the 2022 low...
Palantir: Potential inverse Head and Shoulders forming?Palantir Technology - Short Term - We look to Buy at 12.46 (stop at 11.59)
A bullish reverse Head and Shoulders is forming. A break of 14.87 is needed to confirm follow through bullish momentum. The medium term bias remains bullish. Preferred trade is to buy on dips. News events could adversley affect the short term technical picture. Expect trading to remain mixed and volatile.
Our profit targets will be 19.99 and 23.15
Resistance: 14.86 / 17.46 / 19.99
Support: 12.42 / 10.27 / 9.74
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Palantir - Will PLTR finally push up 25%We have been waiting on PLTR to break the downward trend. Is it time now? If so, will it push up 25% back into the long term EMAs?
PLTR: Up, Down or SidewaysNobody knows what will happen in this market. And anyone telling you what they believe is a certainty is lying to themselves and you.
Times such as these require patience.
I can see only very short term possibles. Even then, things can change on a dime macro-fundamentally. The company is a gem and I'm fully onboard long term. On a short term technical basis, it seems we're loosing some momentum
Palantir TechnologiesPalantir Technologies is a public American software company that specializes in big data analytics. Headquartered in Denver, Colorado,
link to VCHART indicator will be published in 12 days due to tradingview restrictions
pltrIt has crossed the shaded area as shown on the chart. The targets are from it, we enter a correction to its maximum limits. It is clear on the chart, including a bullish wave. The analysis cancels when the third area is broken by closing a 3-hour candle below it or closing above the third target, an hourly candle.
PLTR Set to Breakout if Macro trends turn in favor of a bull runPLTR Looks like it has bottomed 10-15% above its original DPO price. Although the company has diluted its shares through stock based compensation significantly over the last two-three quarters.
On a longer term time horizon, assuming the SBC continues the market price will continue to look suppressed but Market cap should be reflected fairly as the company is proving high revenue growth numbers in 30-35% Range.
Palantir Next MovePLTR with a huge bullish falling wedge. Trading to upper range then will take most profit.
Palantir | The $ 12 Support Zone could push the price higherPalantir | The $ 12 Support Zone could push the price higher
During the last few days that the indices were in red, we saw Palantir hold on
very strong near the support area located at $ 12.
This may open up new opportunities for the price to go higher in the near future.
The price can reach $ 14.50 and later $ 17
Thanks and good luck!
$PLTR STILL IN A FALLING WEDGE !NYSE:PLTR
Sad to announce that we have not hit gold. Prior prediction/analysis were "on point"
Chart - Daily
EMA ( Exponential Moving Average): 20 EMA failed to cross the 50 EMA ... This is baaaad. Hoping this trend doesn't lead to a "Double Top" as it will spell BAD NEWS in the near term.
TTM Squeeze: Squeezed! But momentum dropped at the 1.618 fib . Definitely accomplished the journey to fill the gap down from Feb. 16th.
Fib Levels: Smooth sailing from 0 fib to 1 fib ($10.27 to $13.02). Having trouble holding above the 1 fib and eventually went for the 1.618 (a major resistance) As previously predicted, it got a butt whooping around ($14.85) and got sent trending downwards.
Candle Stick: Summary of last 5 candles equate to a bearish movement.
Pattern: The double bottom bullish pattern is over and I'm afraid that we are back to our falling wedge pattern.
News: Sigh, nothing has changed; no matter the news, good or bad, this stock just seems to want to trend down.
History: The last 2 earnings have resulted in a downward trend even with great numbers.
For a company worth Trillions, the "gold" (prize) still seems to be far fetched. Just gotta keep on digging and investing in the dip.
