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1PLTR trade ideas

PLTR 6/28/2024PLTR (Palantir Technologies Inc.), let's break down the technical analysis for both long-term trade and scalping opportunities for tomorrow, Friday, June 28. Long-Term Trade Analysis Trend Analysis: This 4 hrs chart shows a general uptrend in the recent period, with higher highs and higher lows. The price is currently trading above the 50-period moving average, which is a bullish signal. Support and Resistance: Support Levels: $24.00: Close to the lower trendline and previous support. $22.38: Marked as a significant low in the chart. Resistance Levels: $26.60: Marked as a recent high in the chart. $27.00: Psychological resistance and previous resistance level. Indicators: MACD: The MACD histogram is showing a bullish crossover, indicating upward momentum. Volume: Volume bars are relatively high, suggesting strong interest in the stock. Long-Term Trade Strategy Entry Point: Consider entering a long position if the price breaks above the $25.32 resistance level with high volume. Alternatively, wait for a pullback to the $24.00 support level and enter if the price shows signs of bouncing back up. Exit Point: Target the $26.60 resistance level for taking partial profits. If the bullish trend continues, aim for the $27.00 level. Set a stop-loss below the $24.00 support level to manage risk. Scalping Strategy Intraday Levels: Resistance Levels: $25.32: Immediate resistance. $26.00: Psychological level and near-term resistance. Support Levels: $24.50: Near-term support. $24.00: Stronger support level. Indicators: Volume Profile: Indicates areas with high trading activity, useful for identifying potential reversal points. MACD: Can be used for confirming short-term momentum shifts. Scalping Strategy Entry Point: Look for entry opportunities if the price breaks above the $25.32 level with increased volume. Alternatively, consider entering at the $24.50 support level if there is a strong bounce with confirming volume. Exit Point: For quick scalps, aim to exit near the $25.60 to $26.00 range. Set tight stop-losses below the $24.50 level to minimize losses. Summary Long-Term Trade: Entry: Above $25.32 or on a pullback to $24.00. Exit: $26.60 or $27.00. Stop-Loss: Below $24.00. Scalping: Entry: Above $25.32 or at $24.50. Exit: $25.60 to $26.00. Stop-Loss: Below $24.50.
NYSE:PLTRLong
by BullBear-Insights
Cup & Handle on the DailyThe Daily chart continues to show an upward trend with bull volume being higher on average. The support at the $20 range has held and it looks like we will be making a push to $30 by the end of August/September. In my opinion this looks like a large cup and handle. Palantir as a company has received government contracts, and with the A.I space only growing. Palantir has positioned itself as a future long-term partner of the United States government along the likes of Northrop Grumman or Raytheon.
NYSE:PLTRLong
by tired_man_willis
PALANTIR Still not late to BUY if you missed it.Palantir (PLTR) has been one of our best performers on our stock portfolio, with the last 3 signals since December 2023 (see charts below), being spot on: The last one is the more recent (May 02) and as you can see, the Inverse Head and Shoulders (IH&S) pattern right at the bottom of the 1-year Channel Up is following our expected course very closely and is on its way to hit the $29.00 Target. We see that the delivery of this new Bullish Leg is through a Bullish Megaphone seeking the lower Support cluster of the 4H MA50 (blue trend-line) - 4H MA200 (orange trend-line) - 1D MA50 (yellow trend-line). We are expecting $29 within 30 days. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:PLTR
by TradingShot
Potential direction for tomorrow 6/20Here's a brief analysis and potential direction for tomorrow based on the current technical indicators and chart patterns: Trend Lines: The stock appears to be in an ascending channel, indicating a bullish trend. However, there has been a recent pullback from the upper trendline. Volume Profile: The volume profile shows significant trading activity around the $26.50 level, suggesting strong support or resistance at this level. Currently, the price is hovering around this area. Support and Resistance Levels: Support: There is visible support around the $25.00 mark, which coincides with the lower trendline of the ascending channel. Resistance: The immediate resistance is around the $26.50 to $27.00 range, marked by the upper volume profile and the previous high. MACD (Moving Average Convergence Divergence): The MACD histogram appears to be narrowing, indicating a potential shift in momentum. If the MACD line crosses above the signal line, it could signal a bullish move. Volume: The volume seems to be declining, which might suggest a lack of strong conviction among traders in either direction. Potential Scenarios for Tomorrow: Bullish Scenario: If PLTR holds above the $25.00 support level and gains momentum, it could attempt to retest the $26.50 to $27.00 resistance range. A breakout above this range with strong volume could signal further bullish movement. Bearish Scenario: If PLTR fails to hold the $25.00 support level, it could see a decline towards the next support level around $23.45 or even lower to $22.85. Sideways/Consolidation: If the stock remains within the $25.00 to $26.50 range with low volume, it could indicate a period of consolidation before making a decisive move. Conclusion: Watch the $25.00 support level: Holding above this level is crucial for a bullish continuation. Monitor Volume and MACD: Increased volume and a bullish MACD crossover could provide confirmation for an upward move. Resistance at $26.50-$27.00: A breakout above this level is necessary for further gains. Always consider other fundamental factors and news that might impact the stock. Using a combination of technical analysis with these indicators can provide a more comprehensive view.
NYSE:PLTR
by BullBear-Insights
2
PLTR, expect new SERIES OF HIGHS in the next coming months!PLTR Growth Momentum hasn't waned a tiny bit. The stock keeps ranging at the 52 wk high most of the time suggesting an "Alpha" stock characteristic. Yesterday's price movement was another testament of buyer's weighty positioning of this soon-to-be-massive-valuation stock. It is named the future MSFT of today's era. The recent price growth (+6% yesterday's session) was augmented by another good news: Palantir (NYSE:PLTR) recently acquired about 6 million more shares of Rubicon Technologies (NYSE:RBT), bringing its stake in the firm to 6.2%. Palantir’s purchase of the shares appears to have been required by a deal that the company signed with Rubicon last year. As of this writing, PLTR stock is up by about 5%. Palantir creates and markets data analysis tools. Meanwhile, Rubicon operates “a digital marketplace for waste and recycling service.” Rubicon is also one of Palantir’s customers. In our monthly chart, Histogram is recording 5 straight months of ascend -- talk about 'value' strength of this stock. On tri-monthly data, the elusive bottom line shift has appeared after 3 years. This is already a huge hint of the momentum going upside. Net buy volume has surged an impressive 20+ % and it continues to grow on a weekly basis. Coming QTR2 earnings (Aug. 2023) results is expected to come in 'green' at $536M. Expect more significant price growth for PLTR. And it's not all hype, there is meat into it. At current valuation, it is still a bargain in my opinion. A 3-digit valuation in the future will not be farfetched based on metrics and progressive developments on the company. Spotted at 17.00 TAYOR Safeguard capital always.
NYSE:PLTRLong
by JSAL
9
Palantir Cup and Handle Weekly ChartNYSE:PLTR Palantir Cup and Handle Weekly Chart: It appears Palantir has developed a cup and handle pattern on the weekly chart and with momentum building it could get over the resistance it has seen at the 27 -28 level. It is a newer stock so one of the C&H rules is the entire pattern forming above the 200-day average market price I have in Green the 40 week average which is a close equivalent and it fails that rule.On the other hand It does form over roughly 24 months, it did have a decrease in volume over the handle development, the buy signal is when the price breaks above the handle’s resistance with increased volume. Technical analysis can and will fail due to other market forces. In my opinion short to mid term we could test 30 as a good start developing support long term it could see 40.
NYSE:PLTRLong
by Paul_Hodls
PLTR Analysis: Daily and Weekly InsightsDaily Chart: Resistance Levels and Breakout Potential The daily chart of PLTR reveals a strong bullish movement with the price recently testing the resistance at 25.47. Historical resistance levels are marked at 25.47 and 27.50, where the price has previously faced rejections, as indicated by the red arrows. The 21-day EMA acts as a dynamic support level, maintaining the bullish momentum. A decisive break above 25.47 could signal further upward movement towards the next resistance at 27.50, while a failure to break could lead to a retest of the support at 24.03, or even the 21 EMA again. Weekly Chart: Ascending Channel and Sustained Uptrend The weekly chart shows PLTR trading within a well-defined ascending channel, indicating a sustained uptrend. The price is supported by the 21-week EMA, which aligns with the lower boundary of the channel. Key support levels include the 21-week EMA and the channel's lower boundary. The price is currently approaching the upper boundary of the channel, suggesting potential resistance around 26-27. A breakout above this channel could further accelerate the bullish trend, while a pullback might find support around 22-23. On the other hand, if PLTR loses the key support levels on the daily chart, we could see it retesting the 21 EMA/bottom line of its channel in sequence. Conclusion: Bullish Momentum with Key Levels to Watch Both the daily and weekly charts of PLTR indicate a strong bullish trend. On the daily chart, the key level to watch is the resistance at 25.47, with potential for a breakout towards 27.50. The weekly chart's ascending channel suggests sustained upward momentum, with support from the 21-week EMA. From now on, we should monitor these levels for breakout or reversal signals, with a focus on maintaining the bullish momentum above the key support levels. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
NYSE:PLTR
by Nathan_The_Finance_Hydra
#202425 - a weekly price action market recap and outlook - pltrGood evening and I hope you are well. Let's do some single stock trading ideas. Palantir. comment: The stock that lives on hopes and dreams of people who know few about IT and much less about data & analytics, much like Snowflake. Go look at the Snowflake chart. When I have read the ipo price in 2020 I told everyone it was a bubble and the stock should trade below 100 for many years until maybe big profits could come in. They are still years away from those big profits and the stock lost 49% from the IPO price. I do not know anyone who works in Data & Analytics and knows Palantir who tells anything positive about them. It's a hype stock that got good publicity because of investors and defense contracts. That stock will trade below 15 in either late 2024 or 2025. Not financial advice. current market cycle: My dead dog can tell you it's a traingle and that is a form of a trading range and market is in breakout mode. Your job is to wait for the breakout and hop along, that's it. Now set the same alerts as I have and make money once they ring. key levels: 20 - 27 bull case: Market is getting rejected at the 50% pb from all time low to all time high. That's bearish af. Only chance bulls have for this to trade back up is a weekly close above 27. Bulls have going for them, that there seems to be big passive buying at 20.50. They are also trading above the daily and weekly 20ema, which is also bullish. Invalidation is below 20. bear case: Once that buyer at 20.50 gives up, it's free fall. The triangle will probably play out and we see some downside from 23 to 20/21 again in the short term. Last earnings surprised upwards and bulls used that spike as exit liquidity. Tells you something. Invalidation is above 26. short term: bearish for trade back down to 20/21. Short term in this case means several weeks, since I'm posting the weekly chart. medium-long term: I don't know which way the triangle breaks down to but either way, you can clearly see the big lows and highs. One of those will probably get retested before the other. So set the alarms and trade it when it breaks out. I hope my insrted illustrations help you.
NYSE:PLTR
by priceactiontds