Double bottoms they have one less. bottom than a triple Bottom. in my private study I've found this chart pattern to be 70% profitable in the financial markets.
PLTR trade ideas
Swing set up PLTRPLTR looks like a decent swing set up here.
Price has broken out of the falling channel and seems to be trying to over take the 50 sma. Double bottom also formed at the end of the channel before the move up.
Price is currently flirting with the 50 sma, also acting as a supply zone. It needs to pass this level to make a bullish move.
PT are 17.50 and 20.50.
Use a tight stop loss, i would suggest 12$ but 10.50 can also be used.
DYOR.
PLTR: May be breaking trend its been on since IPO On the daily - and hopefully the weekly to follow - it's a parent that there's been decreasing momentum since the stocks inception. At the moment we are coming up to a trend line on the RSI which has yet to be broken. In addition to what seems to be a bottom, we may see a trend reversal bolstered by so much momentum coming in as shown in the RSI and macd. The macd looks like it's ready to cross the zero line which would further support the thesis that we are entering into a trend reversal since the previous earnings call.
Hopefully it's a long-standing bull run and we can reach new highs.
This is not trading advice but anything under 16 is good for me as a long term holder.
Trailing stops on PLTR longs Trailing stops to lock in profits on PLTR. Bull move might fail here and want out if we drop.
PLTR - The end of the correction is near!Since our last analysis, palantir tumbled another -27% and an end of the decline seems to be nowhere in sight. NYSE:PLTR
Our calculations however proved to be very precise in the last months, we want to continuously support investors with our analysis in these difficult times.
Since Cathy Wood decided to sell all shares of PLTR it became very quiet around palantir, by now most investors should be deeply in the red. In the last weeks there was hardly any positive article in the newspapers. This is another sign for us that this painful correction cycle will be over soon.
At Mendenmein Capital we know, that investors who do not let themselves become paralyzed by fear and continue to show consistency in their strategy always benefit the most.
Technical explanation of the Elliot Wave structure:
In our last article, we expected a big recovery in the major red wave 4. However, this recovery came to an surprisingly early end after a recovery of mere 22%. After this, we reached new lows and the current structure is dominated by a final downward impulse.
A downward trend channel has emerged in the orange impulse, wave (iii) stopped at $9.78 and was followed by a recovery to $12.52 in wave (iv). PLTR stock decided to trade sideways for almost three weeks, in the end a typical feature of such a movement has emerged. A triangle! The price has now approached the final stages of the triangle formation and we expect that we exit it in this trading session or in the next few days. We are now in the cyan downward impulse which will bring us to approximately $9.11 in wave (iii). We currently estimate that the final low in palantir will be at around $9. However, depending on the volatility, this may be pushed down further!
Our estimated final low at $9 will provide investors with very lucrative buying opportunities for long-term purchases. We want to mention again that we as Mendenmein Capital expect the stock to reach its previous all-time high and prices of up to $80 in the next few years.
Important: As long as palantir does not break above the important resistance at 14.26$, a bullish reversal cannot be expected.
We advise investors to watch Palantir very carefully in the coming days, as we are in the final moments of this major correction.
Feel free to visit our website for more articles and information! www.mendenmein-capital.com
Disclaimer:
According to legal regulations, Mendenmein-Capital is not a certified or legally recognized financial advisor and any transactions based on published content are at your own risk.
Mendenmein-Capital cannot be held liable for any losses whatsoever according to the legal regulations in it's country of residence.
===============================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact us.
PLTR: Starting the long term uptrend?PLTR has created a higher low and a higher high. Now it is the time to watch the retrace. At the moment looks like price wants to move up a little higher towards $13-$14 range. After that the crucial support of $12 must hold. That would be the entry for long term target of $40; take profit and re-entry along the way. As long as price does not fall below $11.62, it is looking like long term uptrend has started. I have taken a long position with stop below $10.25.
PLTR Strong bounce 35% upsideExpecting strong bullish trend to continue and 35% upside target to be reached by end of April.
PLTR Gamble - Longverall Market looking very strong right now, but this stock is pulling back and even slight under the 30 minute trend line.
Weekly and Daily are still showing uptrend. If this level can hold above recently broke resistance (purple rectangle), this could be a very low risk entry if we bounce.
Price action has broken on the 30min Trendline, however, RSI has not broken trendline yet. Hoping for a bounce back above trendline for low risk entry. I also see a hidden bullish divergence on the 30min chart for added confidence.
Yellow Lines on the right are 1st, 2nd, and 3rd Price targets:
T1: $26.00
T2: $27.46
T3: $29.50
Entry: 24.24
SL: $24.06
Final RR: 27.72
SHORT TERM SETUP I like the look of Palantir at these levels, for a short term swing trade or, given time, a long term setup.
1. Bullish Div RSI & MACd
2. Pricing has come all the way back down to IPO levels
For the first quarter of 2022, management expects revenue to grow roughly 30% year over year to $443 million. The company also reiterated its long-term goal of annual revenue growth of at least 30% through 2025.
While that level of sales growth would be impressive, investors are increasingly demanding profitable expansion from premium-priced companies. In the current market environment, inflation and other macroeconomic concerns are leading investors to be more risk-averse. That, in turn, has led to steep declines in the share prices of growth stocks that have failed to deliver on the bottom line.
In summary, tread with caution. Short term, you could take a trade here, Long term, wait for cross of 50MA.
PLTR looking to break from Down trend Pltr has been on a tare down since mid November as shown on chart , the Stock has been oversold trading below $10 on Thursday, The idea here is a break of trend that you will see noted by my trendline should we break i feel we could get upside here
#PALANTIR definitely have some powerThe stock itself is in a position where breaking the resistance line will be on full support. expected 15 dollars soon, right buys at 11.55 and stops at 10.75, if gaps up dont trade
Palantir at Last SupportI have been watching Palantir closely since the February 24, 2022 spike low. NYSE:PLTR was a darling of 2021 but has fallen victim to the "Pandemic Round Trip" like many stocks. The $10 psychological level has so far held with afore mentioned spike and today there was short term price action (see below) above $10 that may confirm a low risk entry.
I have decided to take this trade for the long term with far out January 2024 $30 Strike Calls. If this is a long term bet then I should use my imagination.
defense FTWHeres an interesting stock that I am paying close attention to. Since the start of the Ukarine war, I been looking at defense system stocks and they have all gone through the roof. Then there's this darling, PLTR that has been trashed to its IPO price. Heres my multiple time frame analysis of this AI company. On the Monthly time frame, we see that the price kissed its all time low. On the weekly, the chart shows that its trying to gather support. However, strength is still missing on the daily time frame. If the price closes above 12.21 on the daily TF next. I will be interested to be involved. DYODD
PALANTIR:New Beginnings On The Horizon NYSE:PLTR is now set for new beginnings as a major cycle has ended for this stock.
Recently the price has been ranging in the the 8.6-11.4 area which is a high demand area ideal for the current accumulation phase .In fact there is a great probability for the bulls to take the lead and push the price significantly up , taking advantage of the nice potential of PLTR .
Although many technical indicators are already anticipating a rally, it is more reasonable to wait for a close above the 12.6 as a confirmation before the entry .
After the confirmation ,the price is likely to reach the first target ,and potentially the second and the third targets if PLTR succeeds to close significantly above the first and the second target areas successively.
For the trade management It is advisable to :
Close 50% of the position when the first target is hit and move the stop to the entry area .
Close 25% when the second target is hit and move the stop to just below the first target area .
Close the remaining 25% when the third target is hit .
The 9.5 level would represent a reasonable stop level which has the advantage of being tighter than the 8 level despite the latter offering more freedom for the movement of price .
FERVENTLY BROUGHT TO YOU BY MANHATTAN STOCKS .
ALL REQUESTS ,SUGGESTIONS AND REMARKS ARE WELCOME .
$PLTR short term bottom, back to $15-18?PLTR looks like it's putting in a short term bottom.
Because of how quickly we fell, I lean towards a strong bounce over the coming weeks with a target between the $15-18 resistance levels.
If we stop there and confirm resistance, look for another move down before we've fully seen a bottom. I've marked out key dates for changes in price action.
Let's see how the PA develops from here.
Palantir FRACTAL STRUCTURE Looks landed establishing bottom for now.
Palantir will be on my watchlist for a year minimum. Once oil company hype is over, capital will flow back into tech.
$PLTR Long Term Setup. Future note. $PLTR time stamp. Future note. Seems weak but Divergence. Ladder In, Spread your chips.
$PLTR Bull Thesis 2I still like the chart on this one,
market now is full of fear and uncertainty so that’s why I think this one is tanking.
Norge bank just bought 14m shares yesterday. I'd like to think that the market is getting used to whatever news we will see as long as it doesn’t escalate to NATO-RUSSIAN WAR. I am still(and I bet others are) careful deploying cash on this volatile market.
As long as PLTR doesn’t drop to sub 10s I think it’ll soon fill that gap.
$PLTR Bull ThesisI like the chart on this one.
Might retest 11-11.50 support before climbing its way up to fill the gap.
I would like to see this one hold the 12$ area, create a new demand zone there.
If the war doesn’t escalate (I genuinely hope so) I think the market priced in the rate hikes. So we might get a direction soon.
Good luck traders!
STILL A JOK3Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke Still a joke
PLTR - Monthly Demand ContactedNYSE:PLTR [/symbol
PLTR has contacted Monthly Demand and is in line with the Monthly Demand that the S&P 500 has contacted.
There are several stocks that are currently aligned with the Monthly Demand of the S&P 500 ** See my profile for more stock scenarios**
PLTR has a tiny Daily Demand within the monthly, please check stop losses for high liquidity moves. This trade has the potential to reach new highs in the long term.
As we reach PEAK FEAR in the markets, we are liking to have reached a bottom on the S&P 500
