PLTR “Head and Shoulders”PLTR has formed a perfect head and shoulders formation and is currently approaching the neckline in perfect timing for entry!!!
PLTR trade ideas
Palantir Stock Plummets by 6% Amidst Generative AI Hype CyclePalantir Technologies (NYSE: NYSE:PLTR ) has been on a wild ride in the stock market, experiencing both exhilarating highs and nerve-wracking lows. The latest twist in this rollercoaster journey comes with an analyst downgrade from Monness, Crespi, Hardt & Co., sending the stock plummeting by 6%. The reason? An 'Unprecedented Generative AI Hype Cycle' that has inflated the company's valuation beyond what some analysts consider reasonable.
The Hype Cycle:
Generative artificial intelligence (AI) has been the talk of the town lately, promising to revolutionize industries with its ability to create text, images, video, and even computer programming code autonomously. Palantir, known for its data-mining and analytics prowess, has eagerly jumped on the generative AI bandwagon, aiming to leverage this technology for growth in commercial markets.
Analyst Downgrade:
Brian White's downgrade of Palantir ( NYSE:PLTR ) stock to 'Sell' from 'Neutral' with a price target of $20 reflects concerns over the stock's sky-high valuation amidst the generative AI frenzy. Despite Palantir's significant gains of nearly 43% in 2024, White believes the company's valuation has become "egregiously rich," leaving investors vulnerable to potential downside risks.
Reality Check:
While Palantir ( NYSE:PLTR ) has made strides in capitalizing on the AI trend and expanding its market reach, concerns linger over the lumpiness of government-related contracts and spotty execution. Additionally, the stock's recent retreat from its March high underscores the volatility inherent in Palantir's journey.
Disclaimer: Investing in stocks involves risks, and past performance is not indicative of future results. Investors should conduct thorough research and consult with financial advisors before making investment decisions.
PLTR: Possible rebound between 22 and 24LTR could potentially reach a range of 40 to 45 by December 2024, a level previously seen in January 2021. The area between 22 and 24 is noteworthy, offering a balanced risk-reward. Continuation of the upward trend may be sustained as long as the stock holds above 22
Next move up? Technical: Coiling up from recent high and low VWAP (yellow lines), a move out of this will be powerful
News: The software primarily focused on government agencies, while their AIP platform is now accessible to various businesses. With Palantir achieving GAAP profitability, they are now qualified to be included in the S&P 500. This development could serve as a significant catalyst, with potential additional surprises in store for 2024.
$PLTR - ready for a new leg down📉NYSE:PLTR
▹Weakness on 1d & 1W timeframes.
▹Volume shelf + decreasing volume.
▹Bear flag + H&S on the daily TF.
My targets are: ➳ 23.00 ➳ 21.50 ➳ 20.20.
I'd enter 21 Jun $25 puts.
Daily chart:
Weekly chart:
Palantir Stabilizes Above Old HighsPalantir Technologies has advanced as investors embrace AI and non-government customers embrace its products. Is its current pullback offering an opportunity?
The first pattern on today’s chart is the pair of rallies after the last two quarterly reports. Those may reflect increasingly bullish sentiment toward the software company.
Second, PLTR jumped to its highest level since September 2021 on March 7. It fell sharply but was unable to remain below a previous weekly low. Does that false breakdown reflect a lack of sellers?
Third, the stock is trying to consolidate above $21.85, its high all of last year. That may indicate investors are comfortable paying higher prices.
Next, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. If that remains the case, traders may view it as evidence of a bullish short-term trend.
Finally, PLTR has held a 50 percent retracement of its move between the March 19 low and the March 21 high. That may confirm an upward move has begun.
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PLTR: Obvious distribution happening, time to buy is coming soonPLTR is stuck in a range. Distribution patterns are forming. RSI is holding on to a critical level. Good new out there is not making any dent to the price action. The ticker has a history of falling off the cliff after being range bound. EW count is suggesting a full 5 wave sequence is complete. So, basically it is time to hurry up and wait. PLTR has just completed the first minor degree wave 1 cycle. It is expected to see a deep correction, but the company fundamentals are very strong. My plan is to watch the EW wave formation in lower timeframes and the fib retrace areas to identify buying zones. I am willing to accumulate as price is going down, because the probability for this stock to go much, much, much, higher is too great to ignore. Price targets will come soon when the correction intensifies.
PLTR charted for 18MarIn calls with long expirations but might cut soon. I'm seeing empty space below PotterBox so PLTR looks juicy for shorts.
$PLTR cont. to the upside Taking a look at NYSE:PLTR on the 1H
showing hidden bullish divergence on both MACD and RSI
looks like we could rip right back up to the upside here to test the previous level
PLTRThe is also under its opening price. it will need toime to break out of previous resistance lines
everyone wants a dipEveryone is looking for a dip in PLTR after the monster run. Look for the green horizontals to add, at least $23.50 should be tested. Whether that is before or after hitting $26, who knows. I'd just keep adding, this is going to be a blue chip tech stock of the future.
PLTRBrief analysis of PLTR
It breaks out its resistance level on 6 March 2024
It begins to retreat on 7 March 2024 up to date and breaks its support at 25.49.
Break out, retrace and pending continuation to confirm its break out on 6 March 2024
My view is that it's still a hold for me unless it breaks my CL price 24.53
TheFollower
12 March 2024
PLTR: some consolidation before earningsThe market needs to get used to the price range for a short while. We'll bounce between 20 & 26 prior to earnings, which I believe will be promising. It may be a sell the news event but only if the earnings "just" beat expectations - as that would be disappointing to the street given all the hype Karp has been pushing. If we get a big surprise, it'll add fuel to the fire that is the AI hype train currently at play.
Not trading advise, but the next major resistance level looks to be where we left a gap back in early 2021 - $32
PLTR: Target 27.16Looking at the monthly chart of Palantir. Stock should start showing topping signs around 27.16
Reason:
1) About to hit the resistance zone
2) Measured move from the break out coincides with resistance zone
3) Coincides with the fifth wave move target on the Fibonacci levels.
4) On the weekly chart; the ADX line is dropping lower as price continues the upmove, indicating that trend is loosing strength.
The correction down should find support around 13.55; followed by a larger-up move.
PLTR: Crash time21 Region this week & maybe further on till 13-15 . Options Structure does not really look that good
PLTR - Weekly analysis📉NYSE:PLTR stock nearing weekly critical levels! Profit-taking around these highlighted chart areas could be a smart move. Stay vigilant and keep an eye, the trend might lose some steam.
$PLTR Weekly Chart Double Top PierceNYSE:PLTR Weekly Chart Double Top Pierce, to break through this, wait for bullish consolidation.
A "Double Top" in technical analysis refers to a chart pattern that occurs when a security's price forms two consecutive peaks at a similar level, separated by a trough. It typically signifies a potential trend reversal from an uptrend to a downtrend. In the case of the NYSE:PLTR weekly chart, a Double Top pattern suggests that the stock price of PLTR reached a peak, retraced, and then failed to surpass the previous peak, indicating a possible reversal in the stock's upward momentum. Traders and investors often use this pattern to make decisions about selling or shorting the stock, anticipating further price declines.
Price is a picture, value investing is a movieSee my work of math art.
I plot estimates of value over time.
If you can visualize, it helps with understanding.
Investors first must understand 3 things:
does it make money now?
will it make more money later?
how is the company funded?
Avoid money losers.
Avoid companies that cant scale or grow.
Avoid balance sheets that are weak or rotted with debt.
PLTR trades flat on the topping swing Interesting area. Decisions from these levels tend to be quite binary. We're strong up or strong down.
Given we've traded flat on this level for a long time and are in a retest of the previous lows I think it's viable to place really tight stops here.
The flat trading could be an accumulation pattern. PLTR may have been accumulating for months.
Palantir's Breakthrough: Stock Trading Idea for 7/03/2024Data analytics software manufacturer Palantir Technologies Inc. (PLTR) was awarded a $178 million contract with the US Army for the TITAN project, a combat application system utilising artificial intelligence. The TITAN (Tactical Intelligence Targeting Access Node) combat application system will aggregate data from space and ground sensors for further precise targeting and other planning on the battlefield. Government contracts significantly enhance the issuer's financial stability and positively impact its business reputation.
Looking at the stock performance of Palantir Technologies, Inc., the technical analysis reveals positive momentum:
On the D1 timeframe, the resistance level at 25.29 was breached, and support shifted to 23.43. We observe the continuation of the upward trend formed at the beginning of February this year. Also, there was a breakout in the "flag" pattern, serving as additional confirmation of the stability of the current trend direction.
On the H1 timeframe, long positions may be of interest at the rebound from the 25.29 level, with a short-term target at 29.41. A long position can be held up to 33.43 in the medium term.
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PLTR TO THE MOONwatching this one closely today. has a great setup to be bullish but i hold no bias. shooting for 28 with a final target of 35ish
$PLTR: Nice Break of 25Palantir has seen an impressive break of 25 today and our belief is that bulls may defend this area and keep the run going. Growth stocks are holding so far and the fears in AMEX:KRE may subside, if so that should help the broader growth story. Good luck traders!
PLTR Testing Major PivotPLTR is testing a major pivot now after breaking out of a flag. Created a power earnings gap after the reported the last earnings and is now breaking out to new highs. If it can flip the resistance in the $26 range to support, we could see this explode much higher.
