PLTR to $30+ ? (Cup and handle)What do you think?
Do we have a cup and handle setting on weekly for Palantir?
PLTR trade ideas
PLTR - No Brainer
Showed strength on the latest decline. I got in at 15.30.
All EMAs UP +++
Strong volume shelf at 15 ++
Likely to push to 22 before pull-back. New pivot there would set this up for another big run into the Christmas.
What's In The Box? An observance Of PLTR Price action patterns.Here we have a fib channel. I have removed most of my other levels and only left the relevant ones in order to clean up this idea.
It appears there is a pattern to PLTR price action under certain conditions.
When PLTR is oversold on the RSI(see light blue line the blue arrows point to) and rejects the 707(pink line) channel level it retraces to the 382(light green line) level, bounces and proceeds up to the golden pocket(orange and yellow lines) where it rejects and then breaks down below the 382.
NOTE: I noticed this earlier in the day while the market was open but did not chart it out and publish until after I left the gym. The price action in the after market has brought it down almost to the 382 level mentioned. Close enough to bounce even. Let's see if this pattern plays out.
This is not financial advice or a "play."
#PLTR #Palentire #AI
Be Cautious On Palantir🫨Hello Traders,
My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻
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➡️In today's video, I will analyse Palantir for you🫡
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➡️Let me know your opinion about today's analysis in the comments below👇
➡️I will only enter a trading position if ALL of my trading criterias are met!
Keep your long term vision!
P.S. Trading is risky and most beginner traders lose money!
PLTR: Big probability of uptrendOn PLTR as you see on the chart we will have a hight probability to have an uptrend because we have many springs effects on vwap indicator and also the support line and we have the breakout with force the resistance line by a big green candle follow by a large green volume.Thanks!
$PLTR: Is 17.5 locked and loaded?Palantir is showing tremendous strength here especially at this 17.5 handle where it seems to be performing better than it's peers in growth tech and aerospace / defense. We'll see if bulls can continue the pressure. Good luck traders!
PLTR AnalysisFrom my last analysis, I was expecting price to take out the equal lows at 13.56 before a rally to break market structure to the upside. However, price has already accumulated enough orders for the rally, giving us a +28.06% move to the upside since my last analysis. Right now, I'm leaning towards a rebalancing of price back into the discount level and fill the fair value gap at 16.09 before a continuation to the upside.
Palantir (NYSE:PLTR) Gradually Makes Way to Two-year HighPalantir (PLTR) stock rose above $20.24 – the high from August 1 – on Friday as the artificial intelligence (AI) company attempts to finish off its third straight week of gains. This is the highest level that PLTR stock has traded at since November 2021. PLTR stock progressively rose throughout the session to more than 3%, reaching an intraday high of $20.45.
Palantir stock news
Much of the news surrounding Palantir at the moment stems from hedge funds and family offices filing their 13Fs for the third quarter with the Securities & Exchange Commission (SEC) this week. PLTR stock is a common holding of many of them.
Most notably, Palantir co-founder Peter Thiel’s Mithril venture capital fund sold $48 million worth of Palantir stock in the third quarter, which ended in September. The shares were acquired about a decade ago.
Coatue Management, run by Philippe Laffont, purchased a new position in Palantir. The hedge fund bought just under 894,000 shares of the AI platform company.
Palantir Technical Analysist
Palantir has just barely marked a new two-year high on Friday. The stock has risen as high as $20.34 at the time of writing, 10 cents above the August 1 high of $20.24 and its highest value in two years.
There is no telling how far Palantir stock could rise in the present rally. The 161.8% Fibonacci Extension (not pictured) provides a reading of $22.18 though. The 9-day Simple Moving Average (SMA) is strongly leading its 21-day SMA counterpart, as would be expected in a rally of this type.
Support rests nearby at $18, a level that has been used as both resistance and support since the summer.
Palantir Breakout: Navigating the Bullish Surge 1DTechnical Analysis: Palantir (PLTR)
Timeframe: Daily
Chart Pattern: Resistance breakout
Breakout Level: $20
Target Price TW : Max 25 Avg 15.66
Breakout Point: There appears to be a breakout at the resistance level, which was previously set around $20.00. The price has moved above this level and is currently at $20.49, indicating a successful breakout.
Indicators / patterns:
The Moving Average Convergence Divergence (MACD) is bullish, and the Relative Strength Index (RSI) is oversold.
Candlestick patterns:
Long Lower Shadow Pattern: This pattern occurs when the market shows a significant sell-off during the period, but then buyers push the price back up near the opening level. The result is a candlestick with a small body and a long lower shadow (wick) that significantly extends below the body. Rejection of Lower Prices: The long lower shadow indicates that there was a rejection of the lower prices, suggesting that the buyers are coming into the market and there is buying interest at those lower price levels.
Fundamentals/events:
A comprehensive overview of Palantir's financial performance in Q3 2023, including forecasts for Q4 and the full year (FY) 2023:
1. Investment and Operating Income: The company continues aggressive investments in AIP and the US, achieving an adjusted operating income of $163M with a 29% margin.
2. Customer Growth: There's significant growth in customer count, up 34% year-over-year (YoY), and commercial customer count, up 45% YoY.
3. Deals Closed: 80 deals were closed during Q3, with 29 deals worth at least $5 million and 12 deals at or above $10 million.
4. Financial Positio: The ending cash position for Q3 stands at $3.3B, including cash, cash equivalents, and US Treasury securities, with no debt.
5. Profitability: Palantir achieved GAAP profitability for the third consecutive quarter, with a GAAP net income (loss) chart showing consistent improvement over the quarters.
6. Revenue Growth: U.S. Commercial and Government revenue grew significantly, with total revenue growing 1% YoY, driven by the acceleration of the U.S. commercial business.
7. Top Customer Revenue and Billings: Average trailing twelve months (TTM) revenue per top 25 customers increased, and billings grew by 36%.
8. **Forecasts**: For Q4 2023, revenue is expected to be between $599M - $603M, with adjusted income from operations of $184M - $188M. FY 2023 revenue guidance has been raised to $2.216B - $2.220B, with adjusted income from operations expected between $607M - $611M. GAAP net income is expected in each quarter of the year.
This snapshot indicates robust financial health, significant growth in customer base, and a strong focus on profitability moving forward.
Oppurtunity:
Palantir's stock price has tripled this year.
Strong fundamental results and optimism over generative AI have driven the company's stock price performance.
Investors are now questioning whether the rally can continue amidst rising interest rates.
Some positive factors to consider include expected revenue growth in FY24 and a strong position in the government contracting market.
Potential headwinds include the overall market environment and the possibility of higher valuations.
Risks:
Palantir shares could have a fail to break above $20 and fall back to lower levels.
The overall market could experience a downturn, which would weigh on Palantir shares.
A false breakout occurs when the price of a stock moves beyond a defined support or resistance level, signaling a potential trend reversal or continuation, but then reverts back.
Disclaimer:
This is not investment advice. Please do your own research before making any trading decisions.
PLTR - Palantir is banging its head against a wall of sellersThat's brutal!
This Stock seems to like some clapping.
It bangs against the Lower Medianline Parallel like there is no tomorrow.
Well, that's a good reason to short NYSE:PLTR :
- trading outside the Fork
- prior, and current resistance at the L-MLH
- trades at the top of the resistance zone
I go with a nice Risk-Reversal of 120 Days.
Oh, please, can one wake me up when price is at $10 - Thanks Mates.
Palantir Short set upWe did reach a first station where this could drop.
Had a reaction downwards, but is it enough?
Presented WXY for aditional complex variation of wave 2 forming.
PLTR: Buy idea: Spring effect on vwapBuy idea on PLTR as you see on the chart because we have a spring effect on vwap indicator and also we have the breakout of the resistance line.Thanks!
$PLTR - a potential cup and handleNYSE:PLTR Palantir is in Stage 2, the uptrend. It is looking like a gigantic cup and handle ☕️ with the price up against the neckline.
If the pattern validates, the measured move for the pattern is $35 with a $27.50 midway resistance point or take-profit point.
The downside risk is $15 area.
Congrats to those who are still long.
Palantir - Weekly - UpdatePalantir - Weekly - Update
These are my keylevels for Palantir on Weekly time frame.
PALANTIR May fractal points to $24.50 before years end.Palantir (PLTR) a week ago above the top (Lower Highs trend-line) of its medium-term Descending Triangle pattern, and has been basically consolidating this whole week but notably on a series of (minor) red candles. This is similar to what turned out to be a Bull Flag pattern of May 10 - 15.
Surprisingly, the stock had also broken above the Lower Highs trend-line of its Descending Triangle at the time, and with the support of the 1D MA50 (blue trend-line), it registered a remarkable (almost) +180% rally on the August 01 Top. Although in order to attract a rally of equal proportions, a strong fundamental catalyst would be needed, we can deem the 1.5 Fibonacci extension, a feasible technical target by the end of December, as it can even be within the borders of a Channel Up.
As a result, as long as the 1D MA50 is supporting, we have a medium-term target at $24.50 on PLTR.
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PLTR: Buy ideaBuy idea on PLTR as you see on the chart because we have the breakout of the vwap indicator and also the breakout of the resistance line.Thanks!
PLTR: Sell ideaSell idea on PLTR as you see on the chart because we have the breakout with force the vwap and the breakout of the support line by a big red candle follow by a large red volume.Thanks!
PLTR | Palantir Technologies | 2 Towers and more | BuyThis is a follow up of Palantir after my last PLTR trade was closed some weeks ago.
The former ideas lead to 5 positions which resulted in (+94.21%, +90.81%, +63.10%, +41.22% and +28.84%).
If you want to check them out here are the links:
( +90.81%)
(4 postions | +28.84%, +41,22%, +63.10%, +94.21%)
As the next report for earnings and revenue is tomorrow i expect some volatility kicking in. If take a look at past days they always caused some volatility. It is to note however that the kind of reports (positive or negative earnings) never gave a hint in which direction it would go only that some volatility was coming in.
Next thing to mention is the weakness of price, as it failed moving to the 50% of the Fib. See the red circle. A big sell- out followed that weakness.
There are currently 2 scenarios which i´m looking for.
Scenario 1 (Orange arrow)
Requirements: Price falling below S/R Level 2 and S/R Level 4 but retaking them after.
Target: Slightly below the 50% Fib, thats also the area where the last big sell-out started and caused the recent uptrend to stop. (+40.32%)
Entry: Retake and a daily close above
Stop- Loss: None (Long- term hold)
Invalidation : Price cant retake the mentioned levels or price never falls below it
Scenario 2 (Blue arrow)
Requirements: Price falls into buy zone 1
Target: Slightly below the 50% Fib, thats also the area where the last big sell-out started and caused the recent uptrend to stop. (+40.32%)
Entry: See Requirements
Stop- Loss: None (Long- term hold)
Invalidation : None (Long- term hold)
Good luck
Disclaimer:
- My posts are mostly for my own journaling
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
PLTR: Buy ideaBuy idea on PLTR as you see on the chart because we have the breakout of the resistance line by a big green candle with a large green volume.Thanks!
PLTR- looking bullishNote the fractals here. There have been 2 bullish ones back to back. There doesn't appear to be anything inflicting this move as of yet. The push could very well go beyond THE GREEN arrow, but at a minimum to the 161. There is a cycle ending Aug 9th and this should trigger upside action.
Note: My charts tend to be busy, but that is due to the techniques used. I have removed many of the most important here, showing fractals, hoping that may allow some people to feel comfortable with the reasoning. Also note this is a scaled chart at 3 days, so do not expect to see a lot of movement in fast order. Will take 3 days to see candles on this chart
Palantir Technologies (NYSE: PLTR) A View On The StockPalantir Technologies (PLTR) on Thursday reported third-quarter earnings and revenue that topped Wall Street targets as commercial market growth came in above expectations. PLTR stock surged as guidance met views amid buzz over artificial intelligence.
Released before the market open, Palantir earnings for the quarter ending Sept. 30 were 7 cents on an adjusted basis, vs. 1 cent a year earlier. Revenue rose 17% to $558 million.
For the current quarter ending in December, Palantir forecast revenue of $601 million at the mid-point of guidance vs. estimates of $600 million.
Price Momentum
PLTR is trading near the top of its 52-week range and above its 200-day simple moving average. Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
Palantir | Long | Saruman wants it backThis is a follow up of my previous Palantir analysis. (See related ideas). Read it if you want to know where i placed my buy orders.
The original swing created a range in which price kept moving around (mostly above the 50%) - which indicates to me in general upwards strength.
With the range high taken out, price constantly moved between the upper resistance level and the 50% before breaking down.
As the range low was now taken out i see a retest of the 50% and or even break above it.
A small obstacle to overcome is the lower resistance level - which i think will hold price for a short period of time down. A very conservative target to close the position atleast parts of the position would be the lower resistance level
Additional:
The orange markins are engulfs of range high or support / resistance levels
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
PLTR BullishMarket structure with Head and shoulders pattern is in an uptrend.
On the fundamental side, PLTR's recent upward trend in earnings estimate revisions can surely be regarded a bullish.
