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Palantir Technologies Inc.

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PLTR trade ideas

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...
NYSE:PLTRLong
by Rocketman
$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!
NYSE:PLTRLong
by big_shorter_investing
1
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!
NYSE:PLTR
by kerdirks
2
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
NYSE:PLTRShort
by andrewyu02
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.
NYSE:PLTRLong
by mukit1
5/6/24 - $pltr - too risky to play upside, sidelines for me5/6/24 - vrockstar - not gonna short this b/c i agree w the bulls on the "LT" here... but nearly 20x sales, pretty forecastable model and unlikely to "smash" raise limits my interest in a heady tape. keep in my any big upside probably gets distributed/ sold down (there's your short if so inclined/ possibly ex post). any miss or growth reset dumps this 20% minimally per other B2B names with decent hits and not by "enough". i'm targeting a buy only sub $20, but better in the mid teens level. sidelines for me. if i owned it, i'd be selling some upside (for insane IV) or trimming off the top. perhaps another way to go long if you're inclined is selling some P's but the location I'd like it doesn't pay enough to take that risk in case it's a bigger miss/ horrible tape tmr and i get captured at 20$ and stock is trading 17-18$ which is where i see "worst case miss", and i'd rather own shares not be trapped down 2$/shr.
NYSE:PLTR
by VROCKSTAR
2
PALANTIR bottomed on this Inverse Head and Shoulders pattern.Palantir (PLTR) easily hit our $24.50 target last time we published a call with you here (February 06 2024, see chart below) and shortly after started to correct: The price has now hit and rebounded on the 4H MA200 (orange trend-line), forming so far an Inverse Head and Shoulders (IH&S) pattern, which is technically a bottom formation. This is the very same pattern that was formed on both previous bottoms of the 1-year Channel Up. On top of that, it broke and re-tested the Lower Highs trend-line, which again on both previous bottoms, it was a successful buy signal. In addition, the 1D RSI rebounded on the 1-year Support Zone. We are currently on that exact time within the 4H MA50 (blue trend-line) and 1D MA50 (yellow trend-line). A closing above the latter, should be the final buy confirmation. Our medium-term Target is $29.00 which represents the 1.236 Fibonacci extension, which was where the November 21 2023 Higher High was priced. ------------------------------------------------------------------------------- ** 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:PLTRLong
by TradingShot
4
Cathie's Ark Invest Buys Palantir Stock Ahead Of Q1 Earnings Cathie Wood's Ark Invest, renowned for its bold investment strategies and forward-thinking approach, made significant moves in its portfolio ahead of Palantir Technologies Inc.'s ( NYSE:PLTR ) Q1 earnings announcement. With an eye on emerging trends in AI and technology, Ark Invest seized the opportunity to bolster its holdings in Palantir ( NYSE:PLTR ) and other key stocks, signaling confidence in the companies' growth prospects. Strategic Accumulation of Palantir Stock: Ark Invest's ARK Autonomous Technology & Robotics ETF (ARKQ) initiated a flurry of trades, acquiring a substantial number of Palantir shares in anticipation of the company's first-quarter results. The purchase of over 100,000 shares, coupled with additional acquisitions from previous sessions, underscores Ark's bullish stance on Palantir's AI-driven solutions and their potential to drive future growth. Anticipation for Palantir's Q1 Earnings: As Palantir ( NYSE:PLTR ) prepares to unveil its Q1 earnings on May 5, analysts project positive results, with expectations of increased earnings per share and revenue compared to the previous quarter. Ark Invest's strategic accumulation of Palantir ( NYSE:PLTR ) stock ahead of the earnings announcement reflects confidence in the company's ability to deliver strong financial performance amidst growing demand for its innovative technologies. Diversified Portfolio Expansion: In addition to Palantir ( NYSE:PLTR ), Ark Invest diversified its portfolio with strategic investments in Meta Platforms Inc. (formerly Facebook) and Roku Inc., seizing opportunities presented by market fluctuations. Despite market volatility, Ark Invest remained undeterred, capitalizing on the sell-off of Roku shares to acquire a significant stake in the streaming equipment maker, demonstrating conviction in its long-term growth prospects. Embracing the Electric Vehicle Revolution: Ark Invest also expanded its footprint in the electric vehicle (EV) sector, shifting focus to BYD Co. Ltd., a prominent player in the EV market. With Warren Buffett's Berkshire Hathaway holding a stake in BYD, Ark Invest's investment in the company underscores confidence in its potential to disrupt the EV landscape and contribute to ARKQ's portfolio growth.
NYSE:PLTRLong
by DEXWireNews
PLTR: Technical RhymingI think PLTR will have taken advantage of the recent demand they've been getting. Closing deals thanks to bootcamp's. After this current move to the downside, we're nearing oversold territory on the daily and ready to cross upwards over the zero (0) line on the Chalkin Oscillator. Technically, potentially, we're looking at a positive price reversal. The fundamental catalyst will be earnings with a nice surprise, I think investors will be excited about PLTR showing exponential AI growth and demand across the board. If they also announce a new product, it's game over (at least in the short term) for the bears and I think we'll be well on our way to 30 bucks (mid term/long term) IF by chance we don't see the results of the customer growth translate into the revenues yet and we only get to see leading indicators. The short sightedness shorting will give the long term buyers an opportunity to buy at a much cheaper price. That said, my assumptions are to the up side. No price targets for any specific time period as no one can predict exact price movements. And of course this is not trading advise.
NYSE:PLTRLong
by HassiOnTheMoon
PLTR: Correction has begunI have been waiting for a correction in the stock since selling out of it in early February. There has been a couple of months long distribution pattern formation and now a confirmed breakdown this week. I had been short for a couple of weeks and second guessing myself a few times because bulls were heavily defending the neckline for H&S pattern. It almost formed a re-accumulation pattern and a falling wedge, almost shaking me out of my short position. I am glad I held on due to the Elliott wave pattern and now comfortably sitting on a pretty good cushion. I am planning to get out before the B wave bounce starts, which I think will be at the 0.764 retrace area at $19 which is also a very large volume support. After that will look for a 3 wave bounce. Then possible short again for a 5 wave down move down between $19 and $15 area. I am not sure if the retracement will be deep or not, but there is a lot of geo political turmoil going on, which might favor the stock. Whatever it might be, I think between $15 and $10 will be a great once in a decade buy, something like Tesla back in 2012. There is however a chance that all of the rally and this correction is part of a wave B and a very large selloff to single digits or even pennies are yet to come. We will think about that if a lot of things happen first. For now, I am trading my short term bearish, long term bullish plan.
NYSE:PLTRShort
by mukit1