PLTR AnalysisPrice is on a downtrend. Price is building sell-side liquidity and has hit a bearish POI. I'm expecting price to go lower, taking liquidity before starting an uptrend.
PLTR trade ideas
Palantir's "new" trend.I created this model few weeks ago and the trend seems to be pretty the same for now, enjoy :).
PLTR support = resistance (bearish 🐻)also had a big rejection from cluster resistance area, most likely heads lower for now! my short term targets are 8.57-7.61-6.45
PLTR: Losing momentum and topping out hereHitting resistance. Volume not strong enough to break away.
Dead cat bouncing it seems. I'm long all the way down.
Good luck all!
$PLTR with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $PLTR after a Negative Under reaction following its earnings release placing the stock in drift D.
Palan-TearsHello friends. We have previously invested into Palantir, but we decided that the chart no longer looks worthwhile, so all positions have been sold off. We are even considering a potential for a short at these current prices. The wave structure of palantir is extremely clean, and it also reminds me of the Bitcoin wave count since both of them should form a flat.
Thanks for playing.
PLEBANTIR: never bet against the CIAI think this is a buy
Target clear at the full retrace UP to the ATH mid term
If we fail here (to bounce from the full retrace down) then we going to 3 bucks
Chart- pitchforks, pivots and some GRI magic
NOT TARDING ADVICE
GRI 2022
PLTR: Broadening ascending wedgeThis pattern usually occurs during high volatility times.
We're also not out of these downward moving channels. Volume decreasing after some impulsive moves up.
They call this a dead cat bounce.
$PLTR - is the low in?Palantir got a price upgrade this week from Bank of America and managed to close the recent gap on the chart at $9.42. If the small caps starts to act better and if the $IWM can reclaim $175, we have some space up to $11 before encountering more resistance.
Palantir struggling? Palantir Technology
Short Term
We look to Sell at 10.57 (stop at 11.75)
The medium term bias remains bearish. Preferred trade is to sell into rallies. We have a 50% Fibonacci pullback level of 10.65 from 14.86 to 6.44. The daily chart technicals suggests further upside before the downtrend returns.
Our profit targets will be 6.43 and 6.01
Resistance: 10.40 / 14.40 / 20.00
Support: 7.60 / 6.43 / 5.00
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PLTR - Time To Short AgainPLTR here breaking down from a 3 wave correction providing what looks like a good shorting opportunity yet again.
This is one of those hype stocks but for me as good as PLTR may potentially be, this is a short selling chart.
"LT resistance" is the opening price and previous ATL and so in my opinion this is now effectively a waterfall chart and who know where the bottom will be but highly probable it wont be the current low and will go much lower.
My previous $5 target should easily get hit then from there we'll see.
Not advice.
What's out as $PLTR tries to break its long term resistance lineThe move to the downside seems to be completed in 3 WAVES (ABC) structure. If this is the case and we continue moving the upside, with the current low in place, we are in Wave ElliottWave 3 with a powerful move to the upside to start playing out!
$PLTR 3 entry limit, Cypher $PLTR 3 entry scale in, start light at 618, heavier through 786, stop below X
another rejection from trend resistance on PLTR! oof </3watching for break of trend/8.55 for a long position, break below 7.19 for puts
PLTR: Get ready for $5You may soon be able to purchase a subway sandwich with your Palantir stock.
Fed looks like they will crash the market and they're taking Palantir with them.... Even though they have no debt and a crap ton of cash... ah well. I'll be buying throughout the year.
Good luck to all.
PLTRIn my opinion, PLTR has a high chance of reaching around $10 zone and after that we can see back to $6 zone.
PLTR: Next pullback will tell us if bottom is inPLTR is checking off a lot of boxes. The initial ABC move seems to be complete. C wave missed 1.618 extn of A wave by a few but more or less structure looks ok. Wave 3 of 3 of C had the largest oversold reading in RSI. Pretty massive RSI bullish divergence is playing out at the moment. Now, the moment of truth will come on the next pullback. If the retrace holds about at 50% of the bounce and moves above the last high, it's game on. Fundamentally, I think the company is a gem. It has a lot going for it. The CEO has a solid head on his shoulders. Like any tech companies, there is a burn-in period before things start to take off. And like any other groundbreaking tech companies, PLTR brand comes with a heavy risk of complete failure or a huge potential to become a household name. At this price point, I am willing to take the bet and buy in for a long-term hold. If price decides to move down and hit the 1.618 extn, I'll buy some more; only what I can afford to lose and not care. As usual, not a financial advice.
ElliottWave count for $PLTR Stock - 5th Wave to finish off!$PLTR, in line with all high growth tech stocks, have experienced huge drawdowns. Have we reached the bottom? I don't think so, as we miss a 5th Wave to the downside to finish off the correction.
$PLTR - Weekly TF Analysis$PLTR weekly showing a reversal after completion of a 5-3-5 correction. A pullback from 10-12 could be a good place to go long.
PLTR: Room to move up, but where will it stop?Contacts left and right recently. But Palantir has grabbing contacts left and right for a year now.
Why is this recent small upwards trend different than any other? I'm not sure that it is. Until some major change occurs. It appears Palantir has always and continues to move with the market (in the volatile Palantir fashion we know and love)
The one thing we can't do is predict the future... But we can always test our understanding of the trends.
Just a side note: the day we surpass our more 17 month long resistance is a game changing day.
Good luck all. Share your opinions 👇
