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.
PLTR trade ideas
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.
PLTR BULLSPLTR TO $19
stock is gaining more momentum and found support @ $17.60
If it remains above that support level it will continue past $18.00 to tap $19.
H&S ? High Right Shoulder? Gap fill at 10.29? I still believe that gap at 10.29 will get filled. Entertainment purposes only. We can dream :)
$PLTR - Might retest the shoulder lineNYSE:PLTR It might retest the shoulder line.
Here are the support areas for a bounce:
$16.90
$16
$15 (POC)
Deja Vue - Palantir: Major move ahead !Watchout for the Oct. 20th Option Chain ! 20 seem to be reasonable as initial target.
$PLTR Rapidly Approaching TP1NYSE:PLTR has been extremely bullish since Sept. 25 and has been in a strong uptrend after breaching the orange resistance level. The next key price target, the light blue resistance line, is rapidly approaching. PLTR is a war stock that is benefitting from the new Israel Palestine conflict. Other key events this week are September PPI inflation data and Fed meeting minutes on Wednesday October 11. I think the markets are likely to have some sideways price action on Tuesday in anticipation of the new inflation and fed data.
Palantir Has PausedPalantir Technologies more than doubled between early May and late July. Now, after a period of consolidation, trend followers may return to the software company.
The first pattern on today’s chart is the rectangle between roughly $13.68 and $16. PLTR chopped in this range for almost eight weeks, but closed above it on Friday. That could make some traders think the shares are ready to start moving again.
Second, prices recently tested and held the rising 100-day simple moving average. Is the longer-term trend pointing higher?
Third, the August and September lows corresponded with a 50 percent retracement of the rally between May and late July. That could suggest more upside remains in the move.
MACD has also started rising, which may suggest that the shorter-term momentum is getting bullish.
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PLTR very short term bearish?hey guys how are you?
its seems to me that PLTR trading in a rising wedge on the 15 minutes interval I guess if its will break down we will go to about 15.2 / 15 anyway the SL is tight I think we should wait to see what will happen?
please let me know what you think.
NYSE:PLTR
Update: Are we still in H 'n S ?Was this a setup for a bear trap? Although I believe there is a slight AI bubble. Is that bubble done, ready to pop? Is this a coordinated effort to keep the investment money flowing to further AI for our own inevitable demise?
or...
At least until our puppet masters can blame AI for our own intentional destruction. Think of an old episode of 'Black Mirror' or 'Terminator 3.' Ah heck! Lump "War Games," "Robocop" and "I-Robot" in there too! You can just sense it, if you don't? You haven't read "Revelations."
Movie magic!
9:7
"And the shapes of the locusts were like unto horses prepared unto battle; and on their heads were as it were crowns like gold, and their faces were as the faces of men."
9:8
"And they had hair as the hair of women, and their teeth were as the teeth of lions."
9:9
"And they had breastplates, as it were breastplates of iron; and the sound of their wings was as the sound of chariots of many horses running to battle."
9:10
"And they had tails like unto scorpions, and there were stings in their tails: and their power was to hurt men five months."
PLTR (or rather our gov) uses AI in WAR in Ukraine with drones.
I know this could be an Apache helicopter as well.
How 'bout a future war machine that is a combination of both drone and helicopter> sorta like that which has already been marketed for years for beautiful panorama views?
Sleep peacefully at night knowing we're in good hands :/\
PLTR - Pullback Into the Spring ZoneGambling on the correction movement. The current price structure offers an acceptable risk/reward ratio for a quick short. The Entry Signal is the inverted hammer closing below the support line. *** Fingers Crossed ***
|-------| Stop Loss : $16.80 |-------|
|
|------- Risk per trade : $1.20 -------|
|
|-------> Entry Price : $15.60 <-------|
|
V-------| Exit Goal : $13.80 |-------|
Note: This is not a long term short on the Palantir stock but a quick trade on the price action.
PLTR: h&s still in playI run my analysis from a fundamental POV. Not taking into account only a companies profitability and ability - the overall market as well. There's a lot of downward pressure, in addition to twice as much uncertainty. Up will not be the direction as there's just not enough conviction in the overall market. I think we'll be retreating down to the support,. 16-17 being a point of heavy resistance. I'll be buying closer to the 10-12 support.
$PLTR Quarter 3 (Q3) AnalysisPLTR has been extremely bullish, and just received a $250 million contract from the US Army this week. I think PLTR has been a very bullish stock in 2023, and I believe PLTR will have a monster Q4 performance. My key price targets are $28.33 and $37. There is short-term resistance at $19.11, but I believe PLTR will break above $19 in Q4.
PLTR AnalysisPrice played out well, giving us a -9.58% move to the downside, creating more equal lows and liquidity at 13.56 before the rally last week. Price took buy-side liquidity and rejected strongly to the downside. My expectation is for price to come back to the discount, possibly take out the sell-side liquidity before continuing higher.
$PLTR - Neckline did not breakNYSE:PLTR did not break down below the neckline and reversed. If the price can break above $17, it would invalidate the Head and Shoulders pattern, and a new uptrend can emerge.
The last candle showed a shooting star, which can indicate that there might be selling pressure above $16.
The MACD (Moving Average Convergence Divergence) indicator did experience a bullish crossover on the daily chart, although it is still below the zero line.
Bullish targets:
$17 (hard resistance)
$20
$22
Risk:
$13
PLTR Short-Term Bearish Nearly every timeframe from the 5m thru the daily shows a short term pullback to around the the $15 to $14. Looking for a good entry for a PUT option. Targeting $14.50 for the first take profit.
"A Dangerous Tool" - Palantir Rally Ends w/ 6.66:1 Short A detailed look at the weekly price action history of PLTR indicates that the recent rally has come to end ... but I've been wrong before, so I welcome your tough questions and chart-based counterarguments. The strongest confluence supporting my conclusion is the simultaneous retest of the Euler Trend Exhaustion Limit and the 2nd Standard Deviation of the VWAP anchored at the Swing Low.
As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
In this case, it is the last of those, TREND EXHAUSTION, and specifically the use of Euler's number as a ratio in the Pitchfork to estimate the major inflection points in advance, that makes this chart unusual, and explains why it must be viewed in the weekly timeframe. This technique has appeared before (Bluzelle, for example) and will appear again in my ideas and videos.
Notice how price interacted with the Limit before, when it passed thru it for the first time in August of 2022 ...
The Short position is placed in the future, as I expect price to range and even retest the aforementioned AVWAP one last time before falling into the trade. If you zoom in carefully, you will notice that the Stop Loss and Profit targets are discretionary and based on dynamic levels within the AVWAP Array.
The Risk:Reward ratio is arbitrary, and 6.66 is merely a measure of my esteem for this beastly "business" and the product that it sells. As Gandalf said, "If all the Seven Stones were laid out before me now, I should shut my eyes and put my hands in my pockets."
The overlapping S-Curves indicate a price squeeze followed by a breakout, which I anticipate will be upward. If price rise to the highest potential shown, that would only improve the Short entry as opposed to negating my opinion, which is, of course, subjective.
The fact that this company and others like it (BAH, for example) are so enthusiastically traded by a sheltered public foretells of a troubled future, which I look forward to discussing in forthcoming livestreams. Again, I welcome your best questions.
Until then, be liquid !!!
. . .
movie-sounds.org
PALANTIR Held the Support but H&S looms. Trade with breakouts.Palantir is trading sideways the past 6 weeks keeping the 1D technical outlook neutral (RSI = 47.834, MACD = -0.450, ADX = 41.012). It held once again the S1 Zone and this is certainly bullish for the short term especially en route to the R1 Zone, but unless invalidated, this is the formation of the RS of the the Head and Shoulders pattern. Having crossed under the 1D MA100 last week, enhances the selling sentiment, especially as long as the 1D MA50 acts as Resistance.
Scalping is favored inside R1 and S1 but long term trades can be taken outside of this range. Under the S1 Zone, we will sell and according to the H&S we will target the 1D MA200 (TP = 12.00). Over the R1 Zone, the H&S gets negated and we will buy, aiming for the R2 level (TP = 20.00).
A somewhat similar pattern from February to May broke higher after the dashed Resistance broke following a price hold on the S1 level.
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