AVWAP Earnings RejectionClose right underneath its AVWAP after trading above it, should see decrease in prices
4PLTR trade ideas
PLTR: Bullish Channel: AnalysisOn PLTR as you see on the chart we are in an uptrend. But if we have the breakout with force the vwap indicator and the support line by a big red candle with a large red volume it's mean that we will have a big probability to have a reversal trend (downtrend). In other hand, if we have the breakout with force the resistance line by a big green candle with a large green volume it's mean that we will have a big probability to have a continuation of the uptrend. Thanks.
PLTR ranges - adding to position when price reaches orange boxesHistorically, market softens in September/October. With macro environment weakening, I predict the price will revisit low teens in the up coming two months date range.
Possible PLTR impulse leg. PLTR was one of my favourite picks for a short in 2021. The setups were really obvious seeming to me and the pushback against the idea was absolutely intense (Especially for a stock that was already in a downtrend).
Previous targets of 10:
And 5:
All targets hit and a strong bounce off the lower target. This might be leg one of Elliot complete.
PLTR AnalysisPrice did not play out as analyzed last week. Price created equal lows at 13.56. With the current bearish order flow, I'm expecting price to mitigate the bearish OB at 15.87 and continue lower, potentially mitigating the bullish OB at 10.30.
$PLTR - Watch the support areaNYSE:PLTR bounced from support (yellow line). Overhead resistance is around the $16-$17 level.
Bulls need $13 to hold. Breaking below $13 could send the stock to the $10 area.
There is a danger of a head and shoulder pattern forming if the price bounces to $17 and fails to break above it.
No position. 👀ing.
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$PLTR Double bottom w/Head & ShouldersNYSE:PLTR Double bottom w/Head & Shoulders. ( NYSE:PLTR ) stock. Let's break down the patterns.
1. **Double Bottom:** A double bottom is a bullish reversal pattern that appears after a downtrend and is characterized by two consecutive lows at approximately the same level, separated by a peak in between. The price then breaks above the peak, indicating a potential reversal of the downtrend.
2. **Head and Shoulders Pattern:** A head and shoulders pattern is a reversal pattern that consists of three peaks: a higher peak (the head) between two lower peaks (the shoulders). This pattern suggests a transition from an uptrend to a potential downtrend. The neckline is a horizontal line that connects the lows between the shoulders. A breakdown below the neckline is often seen as a confirmation of the pattern.
It's important to note that while these patterns can provide insights into potential price movements, they are not foolproof indicators and should be used in conjunction with other forms of analysis and risk management. The interpretation of these patterns can be subjective, and they may not always lead to the anticipated price movements.
Furthermore, market conditions can change rapidly, and patterns may evolve or reverse unexpectedly. It's advisable to consider the broader market context, fundamental analysis, news, and other factors that could impact the stock's price.
Always exercise caution and ensure you're making informed decisions based on a well-rounded understanding of the market and the asset you're trading or investing in.
PLTR: getting close to make or break areaPLTR got too hot too fast and cooling down just as fast for the last few weeks. price has bounced from support on Friday, but don't know if it will be sustainable or not at this point. Do not want to see price break $12.57. I have taken a position on the bounce on Friday but have a very tight stop loss below Friday low. If this bounce can sustain, then target will be around $24 area. Want to see RSI making a lower high to complete the 5-wave sequence and go for a larger correction. If price breaks down below $12.57, then will need to reassess the situation...
Palantir - Fear Worshippers of The All Seeing EyeI have to say that Palantir is a really difficult chart to read. On the one hand, looking at monthly bars, it's the kind of pattern which indicates new highs are in store.
Weekly bars are about the same. Nothing about this says you can short.
And its only that there's some divergences on the daily. But those divergences are really meaningful.
However, at the same time, although it's up some 220%+ from the bottom, the bottom did take out the IPO low, which is not bullish.
And these high prices are coming at a time when the Nasdaq and the SPX may very well have topped, which I address in my latest call:
SPX - The Sound of a Shattering Iceberg
Palantir is a company that is ostensibly a key component of the panopticon surveillance network that underlines the International Rules Based Order's version of the Chinese Communist Party's social credit system.
At least, this is what rightists would tell you. If you asked the people behind the West's implementation of social credit, they would say they just seek to advance an enlightened society while keeping stability and security under control, and big data collection is crucial to that.
Well, if you ask CCP members, they would tell you the same thing, just coated in Marxist jargon.
And therein lies the problem. Mankind needs to return to its 5,000 year old traditions, which were reared and established over China's long dynasties, instead of trying to go Big Atheism and reinvent The Wheel.
Regardless of if Palantir at its current $37 billion valuation is a part of the future or a part of the past and gone with the wind, the last three months of trading have been totally one directional.
Which makes wanting to get short very deadly.
However, conditions for a short setup that is at least a scalp were formed with the July high on the 19th.
The reason for this is that price swept a key level and was met with a stiff rejection, taking a pivot.
All on its own, in the stock market with the way it just likes to go uppy or grind sideways, this makes shorting or puts hard, still.
But what we saw is daily candles double bottom at precisely $16.00, with Friday's trading session being yet another big green gainer on the back of such a bottom.
And so, as Buffet said, one should be fearful when others are greedy, and greedy only when others are fearful.
So the trade is to short somewhere between where we closed on Friday and over $18.
When another dump occurs, where it dumps to will tell us everything about the future.
If Palantir is truly bullish to more upside, it will preserve the June low at $13.56.
If it's really bullish, it should even preserve the July low at $14.62
If it's bullish, but is going to take until 2024 to go higher, we can expect prices under $12.
If it's bearish, prices under $11 are the target, with an all time low on deck and about to hit everyone on the face.
Which do I think is the most likely? Frankly, probably a dump under $15 and a new high in August.
There's no other way to put it or look at it at the moment.
For things to be different, you'd need something like a banking crisis to intervene in the markets, a prospect I undertake here:
Charles Schwab - The Harbinger Of The Next Crisis?
I believe that, all things considered, the risk side of the trade right now is people who are longing this top, regarding it as a dip to buy, expecting more highs.
Because people have capitulated, become greedy, and have taken their eyes off the clock.
You should remember that you're just standing in an equities bear market rally while central banks have their key rates pinned over 5% and no intention to cut.
This is bad news for stocks, and yet people are being told indexes are set to make a new all time high.
Repricing to the downside can come violently, aggressively, be gappy, and will give those on the wrong side of the trade no chance to get out.
Be very careful.
Pop and drop? PLTR $12-13 targetThis is a test of my intuitive and dowsing methods for PLTR earnings tonight, and basically, a journal of it for anyone interested. Laugh at it, cry cuz it scares you, call me crazy, applaud it, whatever.
Intuitively I immediately get the number 8, which I think is likely the percent move - or my imagination and irrelevant. That would take PLTR to around $19.27, however, I definitely think it's going down to the $12-13 area, which came up in my intuition and dowsing gave the same level.
PLTR AnalysisPrice played beautifully to my last analysis, giving us a 18.08% move to the downside, mitigating the current bullish OB. Look for confirmation on the lower timeframe to push price higher. I'm expecting a bullish retracement from here.
on a 2 hour time frame, time to go long?on a 2 hour chart it looks like the price has consolidated in the low 15s and high 14s, if it can rebound above 14% positively this week I would look to enter a trade long if the price were to break resistance of 17.60 again by the end of this week. looking to short to cut losses if needed and if your not holding in the long term then the shorting will be up to the seller.
long term its a good buy anytime below 12 and 14USD been waiting for the pull back since last earnigns but spike in volumein buyer pressure is there.. a big cult around PAlantir although this quarter sbc compensation is diluting shareholders this quarter more then last. it takes time for their recent companies like AZURE ENERGY, PANASONIC, CISCO, JDPOWER ETC. looks like a good sign in the right direction. they are profitable and due to the amount of shares outstanding why wait for the price to drop further found dollar cost averaging will help best with a stock with high volatility. complete play around the ai sector
PLTR going up ??PLTR is retesting the 15.40 zone resistance, anything above the zone is a confirmation of the 22.60 zone resitance. Wait for upward confirmation before entry
Palantir - PLTR to $12 than $45It's possible that we may witness further declines in NYSE:PLTR over the upcoming days. I believe there's a higher probability of a decrease towards the support level around $12 to $11.50. I intend to purchase Palantir at the $12 mark.
hopeful thinking if it can find support @ 13.75ish for the next couple trading days that would be great to enter long
ANY SHORT SELLERS GOING TO GET BURNT should it find support around 13.75-13.99 and itll bounce back finding its fair value, consilidate and by next week well be back to the moon the share buybacks are a good sign
nice pump and dump going on lets the shorts be squeezed this is a good STOCK to have
some alternatives would be SNOWFLAKE or CLOUDFLARE but are also expensive
with quarter over quarter earings beat guided revenue I PERSONALLY SEE MORE UPSIDE IN PALANTIR
if it somehow drops down to the 12-13 range would be an ideal price target to start a long position
high interest and short volume interest isnt helping either this has been on a trend of higher higher highs and higher lows on a MONTHLY TIMELINE
i see the sharebuyback as a bonus as they have much cash on the side and rather then acquiring smaller business in a high interest rate economy
the idea buying back company shares now rather than at the 7 and 8s is a good sign
and postive for shareholders
Palantir Stock: longterm 4hPalantir has been displaying strong bullish momentum, with a clear upward trend on the chart. The stock has been making higher highs and higher lows, indicating a healthy uptrend. This suggests that there is underlying strength in the stock and a positive outlook for future price appreciation.
To manage risk effectively, we have marked fat lines on the chart, which represent our stop loss levels. These lines serve as a visual guide to protect our positions in case the stock experiences a significant pullback or a change in the overall market sentiment. By setting stop loss levels, we can limit potential losses and protect our capital.
PLTR head and shoulders. short target $13.60As we can see we have a possible head and shoulders formation among us. I would try to get short probably around $17, with a take profit level of $13.60.
Remember to use a stop loss.
Palantir Set to FailThe elliott Wave count suggests we could soon see a top in place and then start to resume lower.
Feel free to ask questions, Trade Safe!
PLTR AnalysisPrice playing out nicely as analyzed last week, giving us a 9.55% move to the downside, fully filled the fair value gap at 18.17 exactly as analyzed. Price looks like it will continue on its bearish order flow, and my target for this down move is potentially to mitigate the bullish POI at 15.77.
PLTRAccording to my analysis, it should follow the bullish trend if it's hit the entry point position.
Palantir OverboughtPalantir looks overbought and in need of correction
I reckon it will drop for the next week or so, and will be opening a small short tomorrow
