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Palantir Technologies Inc (Extended Hours)

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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
NYSE:PLTRShort
by without_worries
14
Palantir ($PLTR) IT MIGHT FINALLY BE TIME FOR A PULLBACK! 5 RY:NYSE:PLTR IT MIGHT FINALLY BE TIME FOR A PULLBACK! Retail investors don't hate me for this. I'm a shareholder, too! DIP BUY INBOUND?! 5 REASONS WHY: 1⃣ We have DIVERGENCE on the Weekly Chart 2⃣ We have Volume Profile Gap Down 3⃣ It's a TRIM according to my Valuation Metric Tool (0/6 score) 4⃣ Top 5 gainer in AMEX:SPY 5⃣ Have a SIP and find out by watching. 👇 Stay tuned for more!🔔 Like ❤️ Follow 🤳 Share 🔂 Will Palantir finally have a pullback? What price would you like to load up on more shares? Not financial advice.
NYSE:PLTRLong
by RonnieV29
14
PLTR - Take The Money And RunIts been a long time since my client entry for PLTR back at $7 . And now the ATH resistance is approaching. ... PLTR printed a very tidy descending channel with strong bullish RSI divergence in the bear market. And it had a strong breakout. But in the uptrend it has printed an ascending channel and that is a little sign of weakness. Of course it has then continued on up with a very strong uptrend... But often you do get blow off phases out of ascending patterns. And that becomes a bull trap shakeout. From there the pattern collapses below the lower trendline: And so that is what I think is the most probable outcome here: This is a blow off phase and at some point down the road PLTR will fall below the lower ascending trendline. Other factors that signal a top here are the RSI that is oversold on every time frame from the hour chart to the 3 month chart. And it is just touching into the 2 point 1.618 extension Golden Window (1.618 - 1.786). So this is the sell zone here and I have begun profit taking. Once it hits ATH there may be significant sell pressure as many traders will exit there. And in the end it may get up as high as the 1.786 overshoot ratio @$53. But for me this trade is close to complete here. Its been a really great run. Title is a lyric and none of this content is advice
NYSE:PLTRShort
by dRends35
9
PLRT Technical analysis for Oct. 30, 2024Price Action and Support/Resistance Levels Support Levels: $44.04: This level has been tested multiple times recently, showing strength as a near-term support. $42.06: Major support, which has been previously tested, could serve as a strong base if prices drop below the upper levels. Resistance Levels: $45.22 to $45.50: This zone seems to be a significant resistance area where price has recently consolidated and tested several times. $45.75: An immediate resistance level with potential for a breakout. Entry/Exit Points Scalping: Long Entry: A breakout above $45.50 with confirmation (high volume and candle close above resistance) could provide a quick scalping opportunity. Target levels would be $45.75 and $46.00. Short Entry: A rejection near $45.22-$45.50 with decreasing volume could signal a short opportunity. Exit points could be $44.50 and $44.04. Swing Trading: Long Entry: If price holds above $44.04 and breaks out above $45.50, a swing trade to the $46.50-$47.00 zone could be considered. Short Entry: If price breaks below $44.04 with momentum, a swing short targeting $43.00 or even $42.06 is a possibility. Expected Direction Given the consolidation near the upper resistance levels, PLTR may attempt to push higher if it clears $45.50. However, failure to break out could lead to a retracement toward support levels, especially if broader market sentiment is negative. Disclaimer This analysis is for informational purposes only and not financial advice. Trading stocks carries risk, and past performance is not indicative of future results. Always conduct thorough research and consult a financial advisor before trading.
NYSE:PLTR
by BullBear-Insights
5
PLTR Technical Analysis for Oct. 29, 2024Ascending Channel: PLTR is trading within an ascending channel, which suggests an upward trend. The upper and lower boundaries of this channel are marked by the white trendlines. If it holds within this channel, it may continue trending up. Key Levels: Resistance: Around 45.75, as marked by the upper red line, has acted as a resistance level, where price has faced rejection multiple times. Support: Near 44.68, where the price has been consolidating. If this level holds, it could serve as a springboard for an upward move. Additional Support: Around 42.06, which is a stronger support zone. A break below 44.68 could lead the price to test this lower level. Volume Analysis: Volume spikes align with moves toward the upper channel, indicating buying interest. However, recent volume appears lower, suggesting indecision or consolidation before the next major move. Momentum Indicator: The MACD at the bottom reflects a neutral position, implying balanced buying and selling pressure. Watch for a crossover or divergence to signal a potential shift. Outlook: If PLTR breaks above the 45.75 resistance, it may continue to rally toward 47. However, if it breaks below the 44.68 support, look for a potential retracement towards 42. Monitor the channel boundaries closely. A breakout above the channel could signal bullish continuation, while a breakdown might indicate a reversal or deeper pullback. Let me know if you’d like a more detailed analysis. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider consulting a financial advisor before trading.
NYSE:PLTR
by BullBear-Insights
6
PLTR: A Dangerous Top Signal Appears!Key Observations: Daily Chart (Left) Inflection Point: The price has fallen back, approaching an inflection point around $40.36 after failing to sustain momentum above the recent high at $45.00. This area could act as a short-term support, and any further weakness below it could signal a potential shift towards bearish control. EMA Support: The daily chart shows the 21-day EMA as a potential dynamic support near the inflection point. There is still time for PLTRT to react, but for now, there is no bullish signal around. Weekly Chart (Right) Bearish Engulfing Pattern: A bearish engulfing candlestick pattern has formed near the all-time high around $45.00, signaling potential bearish reversal pressure at a major resistance level. This pattern often suggests that sellers have overwhelmed buyers, which could lead to further downside or at least a consolidation phase. According to Bulkowski's studies, a BE reverses the trend 79% of the time, so it is a quite powerful candlestick pattern, and we shouldn't ignore it (Encyclopedia of Candlestick Charts). Long-Term Uptrend: Despite this bearish signal, PLTR has been in a strong uptrend on the weekly chart, supported by the 21-week EMA, which is currently below the price. Any correction from here might still be viewed as a pullback within a broader uptrend unless key support levels break down. Conclusion: PLTR's chart shows short-term bearish signals, particularly with the bearish engulfing pattern near the all-time high. Watch for support around $40.36 and the 21-day EMA as critical levels for short-term sentiment. The long-term uptrend remains intact, but this could be a phase of correction or consolidation. In order to avoid a bearish scenario, PLTR needs to react, above the $40, and break the $45, maintaning the price above this level on the wekly chart. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NYSE:PLTR
by Nathan_Black
2
PLTR short updated, parabolas dont last foreverPLTR I have been waiting for this trade for a while now. 40$ is a great psychological level, the stock is tremendously overvalued whether youre a fan or not. I personally do not like the company nor do I generally trade it. Much like my TSLA short I just did that played out nicely here we are again on an overheated cult stock rising into resistance and an important fib. I have started to enter an aggressive November 32$ strike put position. The stock is riding the top of the bollinger bands, it has run away from all the EMAs and from the already aggressive trend (teal). I think we at least revisit this weekly demand zone. We should print a rejection candle next week but maybe the market just continues this insanity higher. My plan is to continue adding 32$ puts if we dont see this happen Monday. I will then add spreads likely December 35s for a little safer ride. I expect at least a 20% correction here maybe closer to 25%.
NYSE:PLTRShort
by Apollo_21mil
9
Palantir UpdatePalantir made a new high on Friday which could mean a couple of things. According to the white count, the first is that the wave (iv) was really short and shallow. If the relationship between wave (ii) and (iv) is to be standard, then this is most likely NOT the case. Should the white count prevail, then we would ideally target the 1.0 @ $57.07 to conclude wave 3 before kicking off wave 4, targeting the 0.786 @ $43.16. The turquoise labels suggest that we're within wave (iii) still. If this is the case, then then we would still target the 1.0 followed by a drop to the 0.786. The main difference is what degree the count is in, and what comes next. If turquoise prevails, then I would expect it to follow the turquoise line to conclude wave 3 before wave 4 would ideally take us back down to the area of the 1.0 @ $57.07. In short, the white wave 3 targets the 1.0 @ $57.07, while the turquoise count targets the 1.382 @ $93.95 for the conclusion of wave 3. We will know in the days / weeks to come, but these two counts are the most probable to me at this time. Both have the same longer-term target; they just differ on how we get there.
NYSE:PLTR
by TSuth
2
I CALLED THE $PLTR TOP! Down 8% since. Here's where we are goingNYSE:PLTR CALLED THE NYSE:PLTR TOP AS WELL! Down -8% since. Here's where we are going The thesis explained below: 1.) Williams R% had a down slop if you drew a line from the 01JUL2024 top to the most recent 21OCT2024 top. It hit this top 4 times since the first one and everyone was lower indicating resistance and lower tops. 2.) You have a Multi-year CUP on the weekly without a handle formed. We need to form that handle before we go higher that coupled with valuation and the stock price getting ahead of the company's numbers is another reason that plays into this. 3.) The handle would be a perfect little handle with a Volume profile gap fill down to the next volume shelf at $36.50-$37.50. 4.) RSI was in overbought area and finding multiple tops with resistance. Also, it was hitting and rejecting off the same top as previous ATH's back in Jan2021. 5.) Double top on the stochastic and red through yellow downward. 6.) Just shows the date I called it out which was Sunday. Also, time stamped on my repost here. 😁 Thanks for reading! I hope you enjoyed my reanalysis of a thus far predicted pullback. It may not hit my target but that's not the point. The point is being able to realize when something is lining up to turn against you or turn with you to the upside. Also, to realize the fakeouts in the market like what I believe the pullback is on the NASDAQ:QQQ which I made an in depth video going into depth about just like this one. It's pinned on my profile if you haven't seen it yet. LIKE l FOLLOW l SHARE NFA
NYSE:PLTRShort
by RonnieV29
Palantir Update - New ticker coverageThe last post I made covering PLTR I showed the 4hr chart with my long-term projections. This chart I wanted to zoom in a little showing the more immediate pathway in front of us. Per my usual I have two different counts on the chart. These two counts, however, have the same end point. The difference is the pathway price will take to get there. The white count suggests that our wave 2 abc pattern was irregular, and we're now within the wave iv of 3 of (3). This should take us to the small target box from $40.25-$37.88. Afterwards the upward trend should resume bringing us to the larger target box finishing wave 3 of (3). The ALT implies that the wave (i) was abnormal. If you follow that pattern, it suggests the wave (iv) price is currently in, will be a little deeper. We shall find out soon enough but for now the white count is my primary thesis. I do want to note that the wave (iv) could already be over with price headed up to the larger target box from here. If we can make it to the smaller target box I will enter into a position with a stop in place. If not, I will wait until we retrace for wave 4 of (3) to enter into any positions.
NYSE:PLTR
by TSuth
7
HFTs gaps: Learn how to enter a stock before a huge gap up.High Frequency Trading companies are market makers/takers that provide liquidity for the public exchanges, and they now use AI. HFTs have a huge impact on your profitability. You can make higher profits from trading ahead of the HFT gaps and riding the momentum upward or downward. In this short video, you'll learn some basics on how to identify the patterns that precede HFT gaps, which I call Pro Trader Nudges . Learn what to look for in Volume patterns and pre-gap price action. Make sure you are not chasing HFTs but riding the wave of momentum they create, just like professional traders do.
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NYSE:PLTREducation
by MarthaStokesCMT-TechniTrader
2
PLTR Technical Analysis for Oct. 28,2024Here’s a technical analysis for PLTR ahead of tomorrow’s trading session: Trend and Price Action: PLTR shows an uptrend with a strong upward move recently, consolidating just below resistance levels. The trendline in place could act as dynamic support if there’s a pullback. Support and Resistance Levels: Resistance: Key resistance lies around $45.07, and a break above this could signal further bullish momentum, targeting higher levels in the $46-$47 range. Support: Immediate support is around $43.67, with a stronger zone near $42.50–$42.06, where buying interest may step in. MACD Indicator: The MACD appears to be approaching a crossover point. A bullish crossover could reinforce upward momentum, while a bearish crossover might indicate consolidation or a pullback. Volume: The recent increase in volume aligns with upward momentum, signaling buying interest. However, if volume decreases during consolidation, it could suggest an imminent breakout or breakdown. Suggested Strategy Bullish Scenario: If PLTR breaks above $45.07, consider entering with a target of $46, with stops below $44 for risk management. Bearish Scenario: If PLTR retraces, look for support around $42.50–$42.06 to consider long entries. A breakdown below $42 could signal a change in trend. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a professional before making any trading decisions.
NYSE:PLTR
by BullBear-Insights
PLTR: An Inflection Point Below the ATH!Daily Chart (Left): Resistance at $45: The price is near the all-time high level of $45. This is a significant resistance level where the stock may face selling pressure. Support at $40.36: Immediate support lies at $40.36, which has been tested recently. This level could act as a key support zone if the price pulls back further, but it is also a possible bearish pivot point. If PLTR loses this key point, it could trigger a bearish reversal. 21-day EMA: The price is above the 21-day EMA, reflecting the ongoing bullish trend. The EMA has been acting as dynamic support for the stock during the recent uptrend. In addition to the $40.36 support line, this makes the area around $40 a double support level, reinforcing the importance of this key point. Weekly Chart (Right): Hanging Man Formation: The weekly chart shows a potential "hanging man" candlestick pattern near the all-time high, which can sometimes signal a bearish reversal if confirmed by further downside action. This formation suggests caution, as it could indicate that the bulls are losing momentum at these elevated levels. However, more often than not, this pattern acts as bullish continuation, according to Bulkowski's studies. Trend Strength: The price has been in a strong uptrend, supported by the 21-week EMA. Even though the hanging man pattern raises concerns, the overall trend remains intact unless there’s a significant breakdown below support levels. Conclusion: PLTR is near a critical resistance zone of $45, which aligns with its all-time high. The daily chart still shows bullish momentum, but there is a possible pivot point at $40 that could reverse the trend. A successful breakout above $45 could lead to further upside, as the bullish trend continues. For now, we should watch for confirmation of the hanging man pattern, and if it'll lsoe our key support area before considering any bearish positions. 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.
NYSE:PLTR
by Nathan_Black
3
Palantir Bullish Long-Term PlayPalantir shares rose to a yearly high near $33 in the evening trading session on Friday, September 6, after announcement Palantir joins the S&P 500 index. Palantir was one of the strongest contenders for inclusion in the broad market S&P500 index. This inclusion, as well as Dell (DELL), comes after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier this year. Technical 1-month graph indicates on Reversed Head-and-Shoulders structure in development. Potentially it can bring Palantir stocks, up to $100 per share over the next several years.
NYSE:PLTR
by Pandorra
PLTR Technical Analysis for Oct 24, 2024:Resistance Levels: 43.49 - 43.68: This zone is a key resistance level where price has previously struggled to break above. If PLTR can push through this range, it may open room for a move towards higher levels. Look for potential bullish continuation above this level, but watch for rejection signals around 43.68. Support Levels: 42.25: This is a crucial support area. If the price pulls back here, it may provide an opportunity for a bounce. Failure to hold this level could lead to a further decline. 41.62: This lower support should be monitored closely. A break below this level could trigger additional selling pressure, potentially setting up short opportunities. Trendline: The upward-sloping trendline is providing support, indicating that PLTR is still in an uptrend on a larger scale. As long as the price stays above the trendline, the bias remains bullish. A break below this trendline would signal potential weakness and a shift in trend. Volume and Momentum: Volume shows some bullish momentum, with buyers stepping in after a pullback. However, momentum indicators appear neutral at the moment, suggesting indecision. It’s important to watch how price behaves near key levels for confirmation. My Thoughts for Tomorrow’s Trading: For scalpers, focus on quick trades between 42.25 (support) and 43.49 (resistance). If PLTR breaks and holds above 43.49, it may provide an opportunity for a long trade targeting 43.68 and beyond. For swing traders, consider going long on a retest and bounce near 42.25, or short if price breaks below the 41.62 level. Stay vigilant for volume spikes and price reactions near these key levels. 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 when trading. Trading involves significant risk, and past performance is not indicative of future results.
NYSE:PLTR
by BullBear-Insights