PTX trade ideas
How PLTR plays out tomorrow (June 3) forcastDisclaimer: This is for study purposes only and does not constitute financial advice. You are responsible for your own trading risks.
1. Overall Trend and Key Indicators
Trend Analysis: The chart shows a 15-minute timeframe. There appears to be an upward trend forming as the price is currently above the moving average lines (red and purple lines) after a previous downward correction.
Volume: The volume is noted in green and appears to be relatively high at 848,002, which may suggest strong interest in the stock at these levels.
2. Support and Resistance Levels
Support: The support level is indicated at around $21.03, as shown by the blue horizontal line labeled "Low."
Resistance: The resistance level is at $22.20, as indicated by the green horizontal line labeled "High." There is also a minor resistance around $21.80.
3. Notable Patterns or Technical Signals
Moving Averages: The chart includes moving averages that the price is trading above, indicating potential bullish momentum.
Candlestick Patterns: Recent candlestick patterns indicate bullishness as there are green candlesticks forming a potential reversal from the previous decline.
Technical Indicators: The MACD (Moving Average Convergence Divergence) at the bottom shows a bullish crossover, indicating potential upward momentum.
4. Bullish or Bearish Outlook
Based on the analysis:
Bullish Indicators: The price is currently above the moving averages, there is a bullish MACD crossover, and the candlestick pattern suggests a reversal from the downtrend.
Bearish Indicators: Any potential bearish signal would arise if the price fails to break above the resistance level at $21.80 or drops below the support at $21.03.
Suggestion for Tomorrow's Trade
Bullish Scenario: If the price breaks above the immediate resistance level of $21.80, it is likely to test the next resistance at $22.20. In this case, consider entering a long position with a target near $22.20 and a stop-loss just below $21.60 to manage risk.
Bearish Scenario: If the price fails to hold above the support at $21.60 and drops below $21.03, it might continue downwards. In this case, consider entering a short position with a target near $20.80 (next potential support) and a stop-loss just above $21.30.
Conclusion
Based on the current chart indicators, PLTR appears to have a bullish setup for tomorrow, provided it breaks above the resistance at $21.80. Monitor these key levels and use the support and resistance to guide your trade decisions. Adjust your strategy based on how the stock performs relative to these levels.
PLTR big bullish move these coming weeks Weekly Chart Monthly chart is showing a strong monthly Break and retest of the Support/Resistance level.
Price has been struggling to push up from July 2023 to Feb 2024. And we see price finally breaking above S/R level with strong bullish momentum. Expected the price to come back down for a quick retest. Currently price is sitting on Support level with Month of May candle being a doji candle. Showing there is no selling pressure nor buying pressure. Waiting for the next big news event.
Going into the Weekly Chart, we can see a clear bullish structure. Price is making HH and HL.
Price has also pulled back correctively into 50-61.8 FIB.
We also have a bullish trendline. The third tap of the trendline usually always gives a strong momentum with the trend.
Confluence --
1. Break and Retest of Strong Monthly S/R
2. Weekly Chart shows bullish impulsive move followed by a corrective move into 50-61.8 FIB
3. Tapping into Strong bullish trendline.
PLTR big bullish move these coming weeks 2-6-2024 forecast Monthly chart is showing a strong monthly Break and retest of the Support/Resistance level.
Price has been struggling to push up from July 2023 to Feb 2024. And we see price finally breaking above S/R level with strong bullish momentum. Expected the price to come back down for a quick retest. Currently price is sitting on Support level with Month of May candle being a doji candle. Showing there is no selling pressure nor buying pressure. Waiting for the next big news event.
Going into the Weekly Chart, we can see a clear bullish structure. Price is making HH and HL.
Price has also pulled back correctively into 50-61.8 FIB.
We also have a bullish trendline. The third tap of the trendline usually always gives a strong momentum with the trend.
Confluence --
1. Break and Retest of Strong Monthly S/R
2. Weekly Chart shows bullish impulsive move followed by a corrective move into 50-61.8 FIB
3. Tapping into Strong bullish trendline.
PLTR: Potential Long PositonNYSE:PLTR
In the chart we can see that
the price may start an uptrend. The price may hit the target price.
PLTR: Buy ideaBuy idea on PLTR as you see on the chart because we have the breakout of the vwap and the resistance line so it's mean that we will have a hight probability to have an uptrend.Thanks!
PLTR and this plan!Palantir Technologies Inc. (ticker symbol: PLTR) is a company that has garnered significant interest from investors. This is due to its strong capabilities in data analytics, particularly in handling big data and providing sophisticated data analysis solutions.
Overview of Palantir Technologies (PLTR)
Founded: 2003
Headquarters: Denver, Colorado, USA
Key Products: Palantir Gotham, Palantir Foundry
Primary Market: Government agencies, large enterprises
Core Focus: Data integration, big data analytics, and artificial intelligence (AI)
Key Features and Strengths
Data Integration and Analysis:
Palantir's platforms are designed to integrate, manage, and analyze large and complex datasets from disparate sources.
This capability is crucial for organizations that need to make data-driven decisions quickly and effectively.
Government Contracts:
Palantir has a significant presence in the government sector, with clients including the U.S. Department of Defense and various intelligence agencies.
These contracts provide a stable and substantial revenue stream for the company.
Commercial Expansion:
Beyond government contracts, Palantir has been expanding its services to commercial enterprises, providing tools to industries such as healthcare, finance, and manufacturing.
Proprietary Platforms:
Palantir Gotham: Primarily used by government agencies for counter-terrorism and defense operations.
Palantir Foundry: Used by commercial clients for data integration and business analytics.
PalentirHi I think is possible buy Palentir, it's a little early but if broke line tendencial is posible a make a Pullback and I add more positions
PLTR needs 1 or 2 more bounces before breaking out of wedgePLTR
Huge wedge forming in PLTR's chart, but it looks like we're going to need one or two more bounces off the bottom of the wedge before we get the huge breakout.
PLRT Breaking $27 ResistancePLTR breaking resistance at $27.50
Already broke down trend and now ready for big move up.
Short term target at $32 (~18% upside)
Personally, I'm holding for the long term.
@PLTR - cup and handle on Weekly chartSeeing a Cup & Handle on weekly on PLTR . should spike soon.
Cheers.
PLTR: Buy ideaOn PLTR as you see on the chart we could have a hight probability to have an uptrend if only if we have the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume! Thanks!
PLTR Running Outta SteamPLTR seems to be running out of steam. The RSI is in the 43 area and seems to be slowing to the oversold area. VWAP is at 15.28 area and there is a nice gap to fill to the down side. Let's see if it can hold below the 21.15 range to reach the levels below back toward the VWAP range.
PLTRHere is a chart of PLTR. This seems to be a great channel stock. If it drops below 20 then be cautious, however i don't think it will. It seems to be wanting to move higher
SHORT IRON CONDOR TRADE, expiration PRIOR to earnings on 8/5SHORT IRON CONDOR TRADE
Expy before earnings on 8/5.
Buy PLTR $25 Call 7/19
Sell PLTR $24 Call 7/19
--{current share price: $21.12}--
Sell PLTR $18 Put 7/19
Buy PLTR $17 Put 7/19
CREDIT: ~$30
RISK: ~$70
RISK:REWARD: 2.3:1
Short strikes allow for 14% up and down
PLTR: Bears will take control of PLTR if it moves below $20.3PLTR: Bears will take control of PLTR if it moves below $20.3
It seems that the peak for PLTR was already reached at 27.5.
The price has been in free fall since the beginning of March 2024 and is not finding the strength to move above the previous peak.
Accumulation is big in time and a move below 20.3 will push the price further.
We may see PLTR 14 testing again in the coming weeks.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
PLTR: Potential Giant H&SIt's not quite there, but it's certainly on track...
don't take this as a prediction of the future because well that's impossible.
Lot's will need to line up for this to occur but so far so good.
Retailers selling off, institutions are buying, and the company is growing 20% YoY.
If growth improves near the 14-15 dollar levels, we could see a very bullish reversal.
If we get down to the 15's, I think it would be a blessing.
Best of luck y'all. This isn't trading advise. Make your own decisions. This is just some fun technical analysis.
PLTR Long-Term BullishExpecting price to retrace to the $17 zone to complete the right bottom shoulder.
The corporate and governmental entities involved appear to have this company well-grounded for success. But DYOR and invest only when that $17 range is confirmed with your favorite indicators, key moving averages, etc.
PLTR - Time To ShortPLTR
I've decided to go short right here.
Its currently within a reverse extension 1.618 Golden Window from the first wave up.
And that is within the retracement Golden Window.
The current wave up has breached into higher liquidity above the upper ascending wedge trendline.
So as we looked at before, if it tops here it can be a head & shoulders pattern or a Wyckoff Distribution schematic 2 - depending on your preferred school.
It could yet go on to make a higher high if indexes hold up so I won't throw the sink at it here but this is a good first entry I think 👍
Hedge $PLTR... but WHY?!PLTR 5/24 Hedge Trade
NYSE:PLTR reported earnings pre-market on 5/7. After exceeding expectations, NYSE:PLTR has been range bound. An option trader most likely a hedge fund or some kind of firm created a significant wall due to purchasing too many contracts valuing over $106.7K. This may seem like a low amount especially for options but for NYSE:PLTR this is too much. I will be looking to play the hedge (bet against) the original trade and grab ITM Puts for 5/24. Only if we lose momentum top the upside
Palantir (PLTR) Set for a Massive Move: Why You Need to Act Now!Price Action & Ichimoku Cloud:
PLTR is trading at $21.76, showing a slight increase in pre-market action. The price is interacting with the Ichimoku cloud, indicating potential support and resistance levels. The Ichimoku cloud's leading span A (22.22) and leading span B (23.92) are critical resistance zones. The price is currently below the baseline (22.84), which is a bearish signal.
Relative Strength Index (RSI):
The RSI stands at 48.14, indicating a neutral momentum. It’s neither in overbought (above 70) nor oversold (below 30) territory. However, a level below 50 leans slightly towards bearish sentiment.
Moving Averages:
Short-term moving averages (10-day EMA: 21.68, 10-day SMA: 21.74) indicate immediate resistance, while the longer-term 200-day EMA (19.37) and 200-day SMA (19.12) suggest strong support. The interplay between these averages shows a mixed sentiment but with potential for bullish momentum if the price holds above the 50-day EMA (22.15) and SMA (22.79).
Oscillators & Momentum Indicators:
MACD: The MACD level (-0.29) and Momentum (10) at -1.57 indicate a bearish trend. Both suggest the price might face downward pressure in the near term.
Stochastic Oscillator: The Stochastic %K at 24.58 and Stochastic RSI Fast at 25.03 are in neutral zones, implying no clear momentum direction.
Volume:
The current volume of 30.03M is lower than the average volume (45.86M), indicating lower trading activity. This could signal a lack of strong buying or selling interest at the current price levels.
Pivots & Support/Resistance Levels:
Pivot Point (P): 22.13
Support Levels: S1: 20.17, S2: 18.36, S3: 14.59
Resistance Levels: R1: 23.94, R2: 25.90, R3: 29.67
Price Prediction & Trading Strategy:
Given the current technical setup, PLTR appears to be in a consolidation phase with potential for both upward and downward movements depending on market sentiment and news. The key levels to watch are the resistance at $22.13 (pivot point) and support at $20.17 (S1).
Long Position:
Entry Point: Above $22.22 (above the cloud leading span A)
Target: $23.94 (R1), with an extended target at $25.90 (R2)
Stop Loss: $20.69 (below S1)
Short Position:
Entry Point: Below $20.69 (below S1)
Target: $18.36 (S2), with an extended target at $14.59 (S3)
Stop Loss: $22.13 (pivot point)
Speculative Price Target:
Bullish Scenario:
If the price breaks above $22.22 and sustains, the next target is $23.94, with potential to reach $25.90 if bullish momentum continues. A breakout above these levels could see the price testing $29.67.
Bearish Scenario:
If the price falls below $20.69, the next target is $18.36, with potential to drop to $14.59 if bearish pressure persists.
Recommendation:
Based on the current analysis, it is advisable to wait for a clear breakout above $22.22 or a breakdown below $20.69 to confirm the next directional move. Traders should monitor volume and news for further confirmation. The mixed signals suggest a cautious approach, with tight stop losses to manage risk.
Summary:
Current Sentiment: Neutral with a slight bearish tilt.
Immediate Resistance: $22.13 (pivot point)
Immediate Support: $20.17 (S1)
Trading Recommendation: Await breakout above $22.22 for long or breakdown below $20.69 for short. Use tight stop losses to manage risk effectively.
