1PLTR trade ideas
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.
PLTR: Still looking for a lowPLTR stock price stabilized last week. The price action is looking like some kind of a bear flag. From EW perspective, getting another low to hit $19 would make a lot of sense. However, the price is very close to break out of $22.47, which might call for some kind of a messed up ending diagonal end and some messed up leading diagonal start, or need more time to see if the correction is taking some other shape. If price does break below, then $19- $18.5 support should be a buy for at least a decent bounce.
PLTR Bullish Note A NYSE:PLTR s a software company PLTR seems to be doing great and the past earnings weren't the exception. Even when price is down because of a less than prior quarter growth rate in commercial revenue, fundamentals seems solid with the only issue being a very high P/E ratio.
From a technical perspective, the price is resting on a strong support zone and held the current trend line that has been following from october 2023. If the price goes up above the 20 y 50 EMA I would expect it to reach 27.50 that would be the price target of the preceding falling wedge. Let's see.
Target 27.50
Stop 20.40
Double topPossibility double top forming on the 1 hour chart. The pattern should be valid as long as price rejects off of $22.
PLTR: HHHL &ChannelFundamentals:
Develops software for institutions for protect individual privacy and prevent the misuse of information. The only thing that I do not like is the bad earnings stability and the decelerating earnings; but sales have been growing q/q and y/y. Good quality funds are adding.
Technicals:
Daily:
exDiv1 with MACD lines and RSI
a-b-c counter completion right into the buy zone within a larger upward channel
Weekly:
HHHL
"b" of an a-b-c pattern within a weekly channel
Stage 3 strategy in effect...
Palantir ShortThis could be a good short opportunity but i wouldn't go too far with this trade bc the overall trend is in tact
$PLTR to $23 soon???Although it is coming off a disappointing earnings report, based on technical analysis, Palantir is poised to return to about the $23 level, representing an 8.91% increase from current prices (more if you use call options). Here's the reasoning behind my idea:
1. First off, we look at history. As depicted by the drawings, Palantir is at a very crucial and strong level of support. The area that the stock is in right now has constantly proved to be a solid area for the stock to regroup and begin climbing. This was demonstrated today, further solidifying that area as support (see yellow wick). That is a reassuring sign that it will not fall further, as long as no significantly bad news comes out. Additionally, when looking at the chart, you will notice that $23 is a key area; it swaps between support and resistance, depending on which side of $23 the stock price is on. Although there is resistance at $22, if the stock can break above that level, that would be a new line of support above the old one and allow the stock to have a solid base for a move upwards to and beyond $23.
2. The other reason I believe this stock is poised for a move upwards is that if you take a look at the chart, you'll notice that it is right at the top of an order block that has a strong level of volume. Essentially, what this means is that on any move downwards, buyers are going to pounce on it and send it back up; this happened today, as shown by the wick circled in yellow. This is reassuring because the chances of it breaking below the $20.30 zone (where the bottom of the block is) are quite low due to the two reasons explained above.
So, in conclusion, PLTR is in an excellent position for traders, especially options traders, to get in and take profit relatively quickly. I see this move occurring within the next two to three weeks and feel that this is an excellent trading opportunity. Thanks to everyone who read this far and good luck trading, I hope you enjoyed!
Plantir Needs to RefuelContrary to the recent comments from James Cramer that he "liked" Plantir, every stock has its season ... and appears it's Winter time for this one ... and simply "liking" a stock doesn't mean you should buy it!!
I charted this guy out in about 10-15 minutes after a large iced mocha ;)
Inspiration early in the morning is key; just say'n.
Using key Fibonacci retracement and extension levels, Fibonacci circles, relevant correlative trend lines to build out the channels ... it's easy to see how the proper technical analysis, removing emotions, identifying key channels, identifying key patterns, etc. anyone can come up with a non-emotional stock charting strategy.
I see TOO many people trading on emotion ... get busy building your OWN strategy, quit watching the worthless news, quit taking other people's advice (except for mine) and "do your OWN homework".
AND, just don't take my chart for granted. Pick it apart, piece by piece, and really understand the details of WHY and WHAT and WHERE. Dare you.
Appreciate any feedback ! AND, enjoy every sandwich along the way!
PLTR, Equal Opportunities to go UP/DOWNIT's strange that this can go UP/DOWN, no definitive path for now.
There is a Gap UP/DOWN
No enough volume to decide
Below 50-day EMA
Below VWAP
MACD also confused
Its better to wait before stepin
PLTR - Correction incoming?We can now count a very nice 5 waves move up from the Dec 2022 low. While there is currently no sign that price has topped, it has hit a major monthly resistance level at around $26.50. Confirmation that a correction has begun would occur when price breaks below the ascending trend line.
Should a correction take place in the coming months, price should at least retest previous support at $13.83 and potentially the $10.27 level which is around the 0.618 retracement level of the 5 waves up
PLTR: What is this craziness?PLTR price action has gone crazy this week. First, the H&S pattern failed when $19 target failed and pushed above the neckline; creating an inverse H&S pattern. The target for inverse H&S pattern almost got hit, but then the post earning shenanigans began. Price has fallen through the neckline once again and if the last low of $20.20 breaks, then it will be enroute to test 0.618 fib retracement area of $15.29.
In the grand scheme of things, anywhere between $15 to $17 would be a fantastic buy area. If we are fortunate, then this correction would extend, and price will get down to the golden pocket $10.5 area. It could take the rest of the year to play out, but I will start to accumulate shares and setup some option plays to get my bag going. I think the fundamentals of the company remains unchanged and long term it is a triple digit stock. So, anything is a gift and DCA is the way to go.
