PTX trade ideas
Palantir : In-depth Chart Analysis and Future OutlookIn our detailed examination of the daily chart for Palantir Technologies, we've uncovered the development of a 5-wave cycle culminating in our significant Wave (1). We are currently navigating through Wave (2), which appears to be shaping up as an expanded Flat Correction. Closer analysis suggests that the extent to which Wave B overshoots should directly correlate with the extent to which Wave C dips below Wave A, precisely targeting the 61.8% retracement level. This makes the $10.94 level particularly intriguing for us.
Given the presence of a gap near the 78.6% retracement level, there's also a possibility that this gap might be filled. Our conviction in Palantir's potential and the compelling narrative of the chart argues against being prematurely stopped out. Consequently, we're considering setting our stop-loss strategically below the $7.19 level, the subordinate Wave 2, at $7.
For the upcoming Wave (3), we anticipate a minimum rise to 161%, with the potential to extend up to 361%, projecting a price range between $32 and $58 for Wave (3).
$PLTR, how low will it go on Monday?This run up may be done with. We had a good rally, we broke the $21 resistance, but....The SP inclusion didn't pan out so Monday will see some down. What is your guess? Will we go down to $21 or $17? The $21 resistance should act as support now but markets can be irrational.
What I would do if I wanted to buy some PLTRBuy is set at a center of action. Stop is just below what has held as a long term support area. I'd ladder out the sells.
Palantir - Marvelous Long SetupI'm introducing a long trade with an incredible RRR of 10:1 in Palantir. Let me explain this setup: Following surprisingly positive quarterly earnings, Palantir stock surged, leaving an upward gap of around 22%. Since then, many short-sellers have been trapped in their positions, hoping for a significant downward correction in Palantir. In our view, this hope is misplaced. Instead, we anticipate a significant increase in Palantir stock in the coming months. Before we enter in the long direction, we'd like to see a price decline to the 2023 high area. This both optimizes our RRR and addresses bearish divergences seen in the OBV in the H2 and lower timeframes. We want to see these divergences resolved before initiating a long position, allowing the market to then move in the desired direction.
PLTR pre-earnings play LONGPLTR has earnings on February 5 while on the 120 minute chart, the price action is that of
a rising wedge with price compressing between a rising support trendline and a falling
resistance trendline the extension of the neckline of the head and shoulders pattern of
November. PLTR fell today and is near and above support. In a long trade, I see the target
as 18 ( at the resistance trendline) with a narrow stop loss just under the support trendline.
This makes for a possible 6% profit with a very good reward-to-risk ratio. A call option
for the 2/16 expiration striking $17 is also under immediate consideration.
I am just saying, no fear of missing out here...Bearish short-term, but Bullish longterm...
Palantir Technologies, Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. The firm offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. Its products include Palantir Gotham and Palantir Foundry. The company was founded by Stephen Cohen, Nathan Dale Gettings, Joseph Lonsdale, Alexander C. Karp, and Peter Andreas Thiel in 2003 and is headquartered in Denver, CO.
PLTR: 30-40 by end of 2024Or I could be wrong... I make shit up as I go.
See you guys on the other side!
PLTR: waiting for the retracePLTR has exploded in February. It is also looking like finishing up the five wave sequence with an ending expanding diagonal pattern. There could be one more spike up before the sequence is over and we see a rather healthy retrace. the first leg of the retrace could be as explosive as the way up, followed by a bounce and another leg of drawn out accumulation phase. I will be planning on putting in a very, very long term (10 year plus) position in PLTR as it completes the intermediate wave 2 and gears up for a long wave 3 that could take this stock to triple digit numbers. The drawdown may coexist with the overall market correction that is due very soon and could last for two to three months. This is one of the few stocks I would like my money to be in.
Palantir cycle completeThis looks clean in Elliottwave terms.
Break of current levels would indicate to me the beggining of correction.
Not saying that the 5th wave labeled in yellow is a must done over and end,
Just logically, 1 = 5 and 3 is extended.
Expecting a healthy correction
Palantir: Deja Vue time to go shortMaybe 27 reachable, but rather go short till before next earnings...
Palantir; What comes after big earnings rush?I expect Palantir to go all the way to $23.58 or a little over $24 and create the Bearish Three Drives as RSI won't be reaching to 85-87 points and pull back to lower $19 levels along the all-time VWAP and might find support. This idea is against the trend line so I would recommend keeping the stop-loss level close in case you enter the short trade in the coming weeks. I like options trading so I will be waiting to see current bullish momentum slows down and I can buy $19-$20 Puts and sell the next day with expected 40-60% gains.
NOTE: Fed meeting in March and if Powell does not cut rates all markets will drop for a day or two so I will try buying PUTs on this a day or a week before. NYSE:PLTR
PLTR - higher highs and higher lows, bullishhi traders
PLTR looks pretty good where it's now.
The price has been creating higher lows and higher highs.
Expecting uptrend continuation in the next weeks and months.
Entry, stop loss and target are shown on the chart
Our target is 20 $ ,however seeing price going higher to retest the upsloping resistance line wouldn't be a surprise, so if you're very bullish on PLTR, you can have 1 target at the upsloping resistance.
Trade the channel?Super consistent parallel channel forming on PLTR. Sell at the top, long at the bottom.
Enjoy!
$PLTR needs more gas to $30
In my current assessment of NYSE:PLTR , drawing parallels to my journey from Wisconsin to Texas, I recognize that market movements, much like a road trip, are not linear. Institutions influence the market, creating fluctuations akin to pit stops for fuel on a long drive. A recent analysis, referenced in an article article prompted me to explore NYSE:PLTR 's potential
Acknowledging the non-linear nature of security trades, I concur with analysts suggesting a $30 target. The daily chart reveals an unaddressed gap, necessitating market adjustments by institutions. I speculate a potential rise to $30-$36, contingent on market creation to fulfill institutional orders.
While anticipating a mild pullback, comparable to a brief detour on my journey, I emphasize understanding institutional footprints for enhanced trading analysis and potential profitability. A forthcoming article will delve into a detailed technical analysis to elucidate my rationale further.
Palantir: Betting on a Drop Below $23 with Put OptionsIn recent weeks, Palantir Technologies (PLTR) has shown significant growth, reaching a key resistance level at $25. However, despite attempts to breach this level, the price failed to sustain above it, indicating potential buyer exhaustion and the possibility of a correction beginning.
Trading volume analysis confirms the lack of strong buyer pressure at current levels, making a pullback scenario likely. The key support level is at $23, and breaking below it could accelerate the price decline.
Considering the expected correction, I am looking at a strategy using bearish put options with a weekly expiration. This will limit potential losses while offering the opportunity to profit from a decline in shares below $23.
The strategy involves selecting options with a potential profit-to-risk ratio of 1 to 1.88, which is attractive from a capital and risk management perspective.
In conclusion, key factors to monitor will be the price dynamics relative to the $25 level and changes in trading volumes. Any signs of weakening buyer interest could serve as confirmation of the beginning of the correction and a signal to enter a bearish position through put options.
The Bullish Case for Palantir Technologies ($PLTR)NYSE:PLTR is in a strong bullish momentum and breaking resistance levels. This is the year it will test and breaks its previous all time highs.
Strong Revenue Growth: Palantir Technologies has shown impressive revenue growth in recent years. In 2023, the company's revenue increased by 17% year-over-year to $558 million in Q3. This growth can be attributed to the company's expanding customer base, which now includes major clients like the National Health Service in England.
AI Integration: Palantir has been integrating artificial intelligence (AI) into its analytics platform, which has been a game-changer for the company. This has allowed Palantir to offer more value to its clients and has contributed to its revenue growth.
Government Contracts: Palantir has a long history of securing lucrative government contracts, and this trend is expected to continue. In 2023, the company was awarded a $414 million data-communication platform contract with England's National Health Service. This demonstrates the company's ability to secure large deals and maintain strong relationships with government clients.
PLTR Pre-Earnings Buzz: Can It Breach $24 Amidst Anticipation?Earnings Spotlight: With Palantir's (PLTR) earnings report looming, excitement simmers as the stock held its 4-hour Point of Control (POC). Could this signal a pre-earnings jump towards $24?
Key Points to Ponder:
Earnings Catalyst: The upcoming report on February 6th could significantly impact the stock price. Positive results could fuel the surge towards $24.
Confirmation Crucial: Before celebrating, watch for solid confirmation signals like increased volume, breakouts above resistance, and bullish momentum indicators.
Market & News Vigilance: Keep a close eye on broader market trends, company-specific news, and industry developments that might influence the outcome.
Risk Management Paramount: Regardless of earnings expectations or technical signals, prioritize risk management with a stop-loss order.
Remember:
Past performance doesn't guarantee future results.
Technical analysis has limitations. Thorough research and understanding of inherent investment risks are crucial.
This is an idea for informational purposes only, not financial advice. Seek professional guidance before making investment decisions.
pltr: next longa nice 3 drives pattern with another price explosion on feb. 5th. when earnings come... major correction afterwards coming.
A Case for Resistance Being Broken in PLTR StockSome bears in PLTR stock have undoubtedly exited their positions following the company's earnings beat and solid guidance. But not everyone. One analyst from RBC maintained a sell rating and set a fresh price target of $5.00.
Closer to the 'market is always right' side of things, today's massive 30% jump has shares pressing against possible churn-like and disgruntled resistance dating back to 2021. The area spans roughly $21 - $26 and includes a now pierced 38% retracement level, the stock's lifetime 50% level above, and most immediately, offers pattern readers a "is it or is it not" double top position relative to PLTR's November high.
I'm vested in seeing the bright and upside of things for PLTR and an emerging bull trend in place, and that this is one of those situations where resistance will be overcome. That said though, and controlling the champagne flow, a hedge adjustment from a married put to a collar placed around the improved trend was determined to be a prudent move.
