PLTR: Broke out of year and half long trendZooming out is the best way to get an idea of general a stocks direction. On the day of the 700+ million dollar contract with the US army, volume spiked, which gave momentum to push past a year and a half long resistance. Given this, it looks as though we MAY see a trend reversal (idk I'm not a pro - I've only been analyzing stock patterns for 3 years on and off for fun). The earnings this coming quarter may be another catalyst for more upward movement.
We're looking at break out from a very large falling wedge. We also have one confirmed retest on top of resistance.
Mid-long term price target according to the distance between support and resistance is 25-30
*Not trading advice. Just sharing what I see.
PLTR trade ideas
Palantir Inc Fractal Analysis Observing behavior of the market when price is around the parallel line from top.
Pullback volativility inside white channel = +70%
Key historic volatilities of fractal config: Visualized
PALANTIR - Short RallyEverything is showing signs of short rally today. Palantir is definitely one to do some scalping today.
PLTRPalantir has mad a nice w pattern. I am hoping for it too come up and fill the gap then will be looking to enter on the retest of previous resistance.
PLTR AnalysisPrice played out well as analyzed last week. Price has taken the lows at 7.17 and closed strongly above the opening price on the last trading day. Right now, I'm still expecting price to go lower, continuing the higher timeframe downtrend.
PLTR: Long entry with low riskLooking like a contracting leading diagonal wave 1 followed by a deep wave 2. We have a bullish divergence on RSI on daily time frame. The Friday's low will most likely be tested next week. I will be looking for a long entry in the box area if price comes down there. Stop loss will be pretty tight, below the May low. Take profit areas will be determined after the uptrend takes hold. First area will be at the previous top 11.55 area. General market is very bearish, so we will see if this works out. Still a fan of this stock. Not financial advice.
$PLTR So much volume here - We may see higher prices$PLTR is looking very bullish at least in the short term. There is a bullish reversal candle confirmed in the daily chart.
PLTR AnalysisPrice reacted to the bearish POI at 8.00 as expected last week. However, the down move was not sustained. My expectations is still unchanged, expecting price to go lower after mitigating the bearish POI at 8.00.
PLTR AnalysisI was expecting price to continue lower to $7 psychological round number. Price went up instead. From here, I'm expecting price to mitigate the bearish POI at 8.00 and potentially continue on the downtrend.
Probably Bottomed...Looks like a pretty clean count if I don't say so myself - can it squeeze another low? yes but it's not likely imo - probably a multi year long if the bottom is in - new highs should come sooner than people think if so.
PLTR AnalysisNo changes from my last analysis. Price played well as analyzed last week. Price took sell-side liquidity and broken market structure to the downside. I'm expecting price to continue down until we see a change in momentum to the upside.
$PLTR- Bullish CipherOn the zoomed out frame, we have a bullish Shark formed and confirmed. On the zoomed in we have a cipher confirming hourly as well.
PLTR - Looking To Buy But Not YetPLTR is in a choppy corrective ascending channel here and it will probably fall out to the downside at some point.
Reasonable probability assuming the channel has topped that it will get back to the log 0.618 which is $7.73 at which point I will like to buy.
There is a fair amount of weekly divergence coming in and I think a big bounce is due.
Worth noting that it didnt quite make it to the 1.618 extension at $6.07 so I will save some allocation in case it does get there which would be a very good buy I think.
Palantir Within an Ascending Channel! Will It Grow More?Palantir Within an Ascending Channel! Will It Grow More?
Since the beginning of the new year the stock market was suffering a lot of losses.
As you can see Palantir is one of them.
Despite the good data they are suffering like all the others.
So the price did not stop the bearish movement.
From the chart we can see that the price is developing within the channel.
The price is actually trying to go up again the first resistance zone will be close at 11.5.
If the price will move above the channel we can see it reach 14.5.
Don't forget that on Aug 8, Palantir has "Earnings Reports" and this could push the price higher again.
We have to keep in mind that Palantir is a very good company and well known among traders.
Thank you and Good Luck!
PLTR AnalysisPrice played out well last week as analyzed. Price is currently on a downtrend, taking sell-side liquidity. From here, I'm still expecting price to continue lower, taking the lows at 7.50 before we see a retracement to the upside. Keeping an eye on the $5.00 round number psychology mark.
PLTR upcoming new cycle W3 if BO >12, then 16 & 20 will be next.The 2020 low of PLTR is 8.90 which it broke below to make an ABC (A=C) at near 7.21 my max pain zone.
Max risk is only at 7.21 but the upsides are 8.90, 16 & 20. VERY GOOD risk to reward ratio.
A new Elliott wave cycle may have begun if PLTR holds the green 7.21 zone.
Not trading advice
PLTR AnalysisPrice is currently on a downtrend. Similar to last week, I'm expecting price to continue lower and take the sell-side liquidity at 7.50 before we see a retracement. I'm currently waiting for the price to go lower and load up my positions.
Palantir / possible buy opportunityPalantir closed the day right at the key fib retracement level.
If it holds the current level and shows some strength it could be a good buy opportunity.
SL around 8.1 for a nice R:R
PLTRPLTR is showing a close correction followed by a change in trend to positive. Fractals are not 100 % accurate as it needs little changes in dimensions from time to time. This is not Financial Advice.
PLTR AnalysisPrice dumped after earnings call last week as analyzed. Price also created a fair value gap at 10.40. Price is likely going higher to fill the fair value gap before going down to take the sell-side liquidity. Price could also go higher to mitigate the bearish POI left behind unmitigated at 11.88 before going lower.
2X $PLTR 1D Tech. Analysis! BANKED for +20%!!WE BANKED on this move down more than -20%! I gave you this analysis in late July (the analysis below).
$PLTR stock has been getting KILLED!!! Now sitting on -75% Discount, reached all-time lows in May (-85% Discount). We are looking to join the fun & capitalize! We are looking for PUTs only on Palantir tech, we are currently in the golden zone of the FIB. The stock will retrace due to bullish momentum the past 3 days last week but soon as we see a Doji or bearish confirmation, WE POUNCE & EAT GOOD off of this bearish move forming!
PLTR:Very close to trend line!Palantir Technology
Short Term - We look to Buy at 9.19 (stop at 7.55)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Trend line support is located at 9.00. Support could prove difficult to breakdown. Dip buying offers good risk/reward. Further upside is expected.
Our profit targets will be 12.96 and 14.00
Resistance: 13.00 / 16.00 / 24.00
Support: 9.00 / 6.60 / 4.00
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