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Palantir Technologies Inc.

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PLTR trade ideas

$45 is the new baselineExpectations are that PLTR will hit near $80 before taking a pause in its meteoric rise. It decisively went through the 1.618 fib and wants to reach the 1.886 fib projection. The cup formation has create a new bottom at $45. Institutional traders and market makers will be hard pressed to drive it below this new baseline. If they do, then unless the fundamentals of what PLTR provides as a service, changes, then anything below $45 is a back-up-the truck moment to buy. Right now this dramatic price action is because of the one-time inclusion into NASDAQ, which means funds and etfs need to buy it. Also institutions need to buy it to, to mirror whatever indices they follow. PLTR = efficiency Trump and Co. will be looking to optimize every federal gov agency and department. That's what PLTR does, and the federal government has deep pockets to buy what PLTR pedals. They've proven themselves in the military space already, and are now applying that commercially. Same basic tech, but rebranded. Throw in a bit of "AI" buzzword into the sales pitch and high level management everywhere will think this is the cat's meow in terms of offering a competitive advantage. Basically, the perfect storm for incredible growth at least for the next 18 months. Will hold and re-evaluate once we hit $80.
NASDAQ:PLTRLong
by ep7
1
12/3/24 - $pltr - the "are you retarded" test.i'm short again. and opened it in size. let's see if it works out... again. got lucky last time. but this time, it seems more obvious. "we work with the government" pop.. lol "we integrate with AWS" mid day pop.. lol get your baby oil out. vigilante time. V PS - trading view removed my other posts b/c they were under the NYSE listing so you can find them there. of course the stonk got a pump on that too. anyway. may the biggest balls win again.
NASDAQ:PLTRShort
by VROCKSTAR
2
PLTR: Setting Up for the Next Big Move – Key Levels to WatchPLTR) is trading within an ascending channel, showing promising upward momentum in recent sessions. The stock has been building higher highs and higher lows, a strong indication of a bullish structure. Let’s break it down: Key Levels to Watch: * Support Zones: * Immediate support at $63.91, marked by recent consolidation. * Major support at $58.85, aligning with previous demand zones. * Resistance Levels: * First resistance at $67.88, the upper range of the current channel. * Key resistance at $69.00, which may act as a breakout point for further highs. Order Block & Liquidity Zones: * A notable bullish order block is sitting near the $63.91 zone, indicating significant institutional buying interest. * Liquidity appears to be building above $67.88, suggesting a potential liquidity grab and breakout. Price Action Insights: * PLTR has been trading within a well-defined ascending channel, supported by increased volume on green candles, signaling strong buyer interest. * The MACD shows a bullish crossover, adding further conviction to the upward trend. Game Plan for Traders Scalping Opportunities: * Entry: Consider entering near $66.00, targeting a quick move to $67.88. * Stop Loss: Place a tight stop loss below $65.00 to limit downside risk. * Exit: Take profit near $67.88, aligning with the immediate resistance level. Swing Trade Setup: * Entry: A solid breakout above $67.88 with volume confirmation could be a strong swing trade setup. * Stop Loss: Place a stop loss below $63.91 to account for volatility. * Target: Aim for $72.00, the potential next resistance if the breakout sustains. Trader Sentiment * Retail traders appear optimistic about PLTR due to its bullish price action and consistent higher lows. * Institutional activity is evident in the order block near $63.91, showing significant accumulation at lower levels. Market Direction Prediction PLTR is likely to continue its upward trend if it breaks above $67.88 with conviction. However, traders should watch for false breakouts and ensure volume confirmation. Risks include broader market volatility or unexpected news impacting the tech sector. Thoughts & Suggestions PLTR is shaping up for a potential breakout, but patience is key. Stick to the game plan and avoid chasing the price. Keep an eye on volume spikes and the $67.88 resistance level for the next move. Disclaimer This analysis is for informational purposes only and not financial advice. Always do your own research and consult with a professional before trading.
NASDAQ:PLTR
by BullBearInsights
PLTR: Testing Key Resistance Levels Ahead of Early Market CloseTrading Plan and Technical Analysis for PLTR Market Reminder:
📢 The U.S. stock market will close early tomorrow, Friday, November 29, 2024, at 1:00 PM EST. Plan your trades accordingly. Price Action Overview:
PLTR is trading near $66.20, with price action following an ascending trendline. It is currently testing a critical resistance level near $67.50. The MACD histogram is neutral but hints at a potential bullish crossover, while volume remains moderate. Liquidity Zones and Order Blocks: * Liquidity Zone (Support): $63.50-$64.00 - Buyers stepped in strongly here during prior pullbacks. * Liquidity Zone (Resistance): $67.50-$68.00 - Key sellers' area that aligns with recent price rejection. Key Support and Resistance Levels: * Support Levels: * $65.50 - Minor support, where intraday buyers could step in. * $64.00 - Major support aligning with the ascending trendline. * Resistance Levels: * $67.50 - Immediate resistance; watch for price behavior here. * $68.50 - Breakout target if bullish momentum sustains. Scalping Gameplan: * Bullish Setup: * Entry: Long above $67.50, targeting $68.50 and $69.00. * Stop-loss: Below $66.50. * Confirmation: Look for volume spikes and MACD crossover on the 5-minute timeframe. * Bearish Setup: * Entry: Short below $65.50, targeting $64.00 and $63.50. * Stop-loss: Above $66.50. * Confirmation: Watch for a rejection at $67.50 followed by a breakdown. Swing Trading Playbook: * Bullish Case: * Entry: Sustained breakout above $67.50, targeting $69.00. * Stop-loss: Below $66.00. * Indicators: RSI trending above 60 with MACD supporting bullish momentum. * Bearish Case: * Entry: Rejection at $67.50 and breakdown below $65.50, targeting $63.50. * Stop-loss: Above $66.50. Thoughts and Suggestions:
PLTR is at a pivotal level, with its next move likely defining the short-term trend. Bulls need a breakout above $67.50 to sustain momentum, while bears are eyeing a breakdown below $65.50 to confirm a reversal. Given the early market close, scalpers should aim for quick profits, and swing traders should plan for reduced liquidity tomorrow. Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions.
NASDAQ:PLTR
by BullBearInsights
PLTR – Consolidation Break Imminent? Dec. 2PLTR is consolidating within a tightening range, showing signs of a potential breakout. This trading plan provides insights into price action, key levels, and trading setups for both scalping and swing trading opportunities. Market Structure & Price Action: * Recent Trend: PLTR has been trading sideways, forming a tightening wedge pattern between $64 and $68. The price is testing upper resistance at $67.50, signaling potential breakout energy. * Liquidity Zones: * Buyers have defended the $64 zone consistently, forming a strong demand area. * Sellers are active near $67.50–$68, creating a supply zone that caps further upside. Key Levels: 1. Resistance Zones: * $67.50–$68: Immediate resistance zone where selling pressure increases. * $70: Psychological level and key breakout target. 2. Support Zones: * $66: Short-term support within the wedge. * $64: Strong demand zone and wedge bottom. Indicators: * MACD (1-hour): The MACD is bullish, with a crossover indicating upward momentum, but histogram growth is flattening, signaling a possible pause or pullback. * Volume: Relatively low volume suggests consolidation; a breakout will require higher volume for confirmation. Trade Ideas: 1. Scalping Setup: * Entry (Long): Above $67.50 with confirmation (strong bullish candles or increased volume). * Target: $68.50–$69. * Stop-Loss: Below $66.80. * Short Setup: If price rejects $67.50, short below $66 targeting $64, with a stop above $67. 2. Swing Trading Setup: * Bullish Case: * Entry: On a breakout above $68. * Target 1: $70. * Target 2: $72–$73. * Stop-Loss: Below $67. * Bearish Case: * Entry: Short below $64. * Target 1: $62. * Target 2: $60. * Stop-Loss: Above $65. Game Plan for the Week: 1. Watch for a breakout above $67.50 or a breakdown below $64, as these levels are critical for the next directional move. 2. Use lower timeframes (5-min, 15-min) to refine scalping entries based on breakout confirmation or rejection. 3. Stay patient during consolidation and wait for a decisive move with strong volume. Thoughts & Outlook: Palantir's tightening range indicates that a breakout is imminent. A move above $68 could trigger bullish momentum, while a break below $64 may lead to a deeper pullback. Traders should stay vigilant and wait for volume confirmation before taking positions. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and trade responsibly. Trading involves significant risk.
NASDAQ:PLTR
by BullBearInsights
PLTR to $80 by EOYPLTR had a great day today, and has had a great month so far following an earnings report that beat estimates. Using the Magic Linear Regression Channel we can see that PLTR broke out of a 2-year long channel at the beginning of the month (November 2024) following it's earnings report. This means that its price structure has a brand new change of character. Using a second Magic Linear Regression Channel , we can create a new channel based on the pivot high prior to earnings and the pivot high prior to today. However, PLTR is also breaking out of that channel. By adding an additional outer Fibonacci band to the new channel, we can see that PLTR has a potential area of interest at around $80 - a 10% move. If the new channel is valid, then this can be the first area where we might see a correction in a bullish scenario. Since PLTR is already at the top of the new channel, it could potentially bounce back from there, but it's already moving up in post-market trading, so, I'm guessing that bearish scenario is less likely. Barring some crazy world events, I'm guessing we can see a steady move to $80 before seeing any kind of major correction.
NASDAQ:PLTRLong
by mwrightinc
PLTR Hits Fresh Highs: Momentum Play or Pullback Ahead? Dec. 4, PLTR has shown impressive strength today, breaking through key resistance levels with high volume. Here’s a trading plan to capitalize on its momentum or prepare for potential pullbacks. 1️⃣ Price Action & Chart Analysis * Trend Overview: PLTR is in a strong uptrend, pushing above $71.50, a key resistance level. * Key Levels: * Resistance: $71.54 (current high), $73.00 (next target). * Support: $69.50 (recent breakout zone), $67.86 (previous support). PLTR is trading at an elevated level, so managing risk is crucial for new positions. 2️⃣ Liquidity Zones & Order Blocks * Liquidity Zone: Watch for activity around $70.50–$71.50, where consolidation may occur before another move higher. * Order Block: Significant demand zone identified near $67.50–$68.50 from recent accumulation. 3️⃣ Scalping Strategy For quick intraday opportunities: * Entry (Breakout): Buy above $71.60 if volume supports the move. Target $72.50–$73.00 for a quick scalp. * Stop-Loss: Below $71 to minimize downside risk. * Rejection Play: If $71.50 holds as resistance, consider a short trade targeting $70. 4️⃣ Swing Trade Strategy For longer-term positions: * Entry Option 1: Buy on a confirmed breakout above $71.50. * Entry Option 2: Wait for a pullback to $69–$70 for a better risk-reward setup. * Targets: * Initial Target: $73.50 * Extended Target: $75.00 * Stop-Loss: Below $67.50 for a conservative approach. 5️⃣ Momentum & Indicators * MACD: Positive momentum confirms bullish sentiment with no signs of reversal yet. * Volume: Increasing volume supports the breakout, signaling strong interest from bulls. Game Plan for Tomorrow * Scenario 1: If PLTR sustains above $71.50, expect a continuation toward $73 or higher. * Scenario 2: Failure to hold $71.50 could lead to consolidation or a pullback to $70. Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research and due diligence before making any trades.
NASDAQ:PLTR
by BullBearInsights
PLTR NEOWAVE ANALYSISExperimental analysis with the intention to follow back later on as I am still learning Looks like a clear flat pattern due to the very stretched out B wave, which also ended around the 1.38 extension of wave A retracement. This tells me one thing: the B wave was indeed strong. Normally, in such scenarios, there is a very small chance that wave C retraces wave A with such force. This pattern will most likely be the first leg of a very complex correction. Although rest assured that the overall trend for PLTR is up, I do not know to what extent. But after this wave C completion, we will be headed down for quite some time.
NASDAQ:PLTR
by thekidtrader11
Unsustainable FOMO - Go Short at $80Palantir, a current darling of wall street, with impressive customer/revenue growth in their AI analytics platform along with impressive government contracts. It's easy to see why PLTR has been a great trade for 2024, but with a forward PEG ratio of +9 and forward P/E ratio of 236 for fiscal year 2025, no wonder most fundamental analysts are saying stay away... I'd like to go short when the FOMO stops and the tape shows a blow off the top near ~$80/share. Trade short with an initial target of $65 and then $55.
NASDAQ:PLTR
by Audacity618
PLTR Analysis: Scalping and Swing Trade Playbook for Dec. 3PLTR is trading in a range, presenting opportunities for both scalping and swing trading. This analysis outlines actionable strategies, key support/resistance levels, and projected price movements for traders looking to capitalize on PLTR’s next move. Technical Analysis and Price Action 1. Trend Overview:
PLTR has been consolidating near its highs after a strong run-up. The MACD shows neutral momentum, and the price is approaching key trendline support, indicating potential breakout or breakdown scenarios. 2. Key Support & Resistance Zones: * Support Levels: * Primary: $65.28 (trendline support). * Secondary: $64.24 (strong horizontal support zone). * Resistance Levels: * Immediate: $67.88 (recent high and breakout level). * Strong Resistance: $69.00 (psychological level and long-term target). 3. Liquidity Zones and Order Blocks: * Buyer activity is strong at $65.28, suggesting a demand zone. * Sellers are concentrated near $67.88, creating a critical supply zone. Game Plan and Playbook Scalping Strategy * Entry: Long above $67.88 with confirmation of volume and strength. * Target 1: $68.50. * Target 2: $69.00. * Stop Loss: $67.30 (below breakout level). * Alternative Play: Short at $67.88 if rejection occurs, targeting $65.28. Swing Trading Strategy * Bullish Setup: * Entry: Bounce from $65.28 with bullish candlestick patterns. * Target 1: $68.50. * Target 2: $70.00 (if breakout sustains). * Stop Loss: $63.50 (below trendline). * Bearish Setup: * Entry: Breakdown below $64.24 with strong bearish volume. * Target 1: $62.50. * Target 2: $60.00 (major support zone). * Stop Loss: $65.00. Projection: Where PLTR Could Head Next PLTR is at a pivotal point. If it breaks above $67.88, it may continue to test $69.00 or higher. A failure to hold above this level could lead to a retest of $65.28 or lower. Watch for volume spikes to confirm the next directional move. Key Indicators to Watch * MACD: Neutral, awaiting a crossover for directional clarity. * RSI: Currently balanced, leaving room for upward or downward movement. * Volume: Essential for validating breakout or breakdown. My Thoughts and Suggestions PLTR’s current price action suggests a breakout or breakdown is imminent. Scalpers should focus on high-probability trades near the support and resistance zones, while swing traders should wait for clear confirmation before entering trades. Patience and discipline are key to navigating this consolidation phase. Conclusion Palantir is primed for a potential move as it consolidates near its highs. By adhering to a structured plan and focusing on key levels, traders can maximize their risk-reward ratios. Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and trade responsibly.
NASDAQ:PLTR
by BullBearInsights
A compelling long position opportunity in PLTR next weekRecent Performance: Palantir Technologies (PLTR) has demonstrated impressive market activity, boasting a remarkable 52% stock increase since early August, with the current price sitting at $67.18. The stock is holding strong support around the $65 level while challenging resistance near $68, indicating positive momentum that has caught the eye of both long-term investors and short-term traders. - Key Insights: Investor optimism is fueled by recent analyst upgrades and price target increases, with $75 being the new target from Wedbush. The strong foothold in the AI sector and defense industry, coupled with anticipation of the NASDAQ listing, positions PLTR favorably for further gains. The stock's ability to maintain key support levels enhances bullish sentiment. - Expert Analysis: Market sentiment towards PLTR is overwhelmingly positive, bolstered by CEO Alex Karp's bold growth projections and a 30% year-over- year revenue increase. Experts agree that the company's inclusion in the S&P 500 amplifies its credibility and attractiveness to institutional investors, with many eyeing a possible climb toward $70 in the near term. - Price Targets: Next week targets based on thorough analysis suggest T1 at $70 and T2 at $73. For stop levels, S1 should be set at $65.50 and S2 at $64. This positioning reflects a balanced approach to managing risk while taking advantage of the stock's upward momentum. - News Impact: Significant events, including Palantir's recent S&P 500 inclusion and robust revenue growth, have solidified its market position and validated its business model. These developments are crucial in shaping the current bullish outlook on PLTR, underscoring its appeal as a strong investment choice in the tech sector.
NASDAQ:PLTRLong
by CrowdWisdomTrading