$PLTR: Cautionary tale at 15PLTR and multiple other ARKK-like proxies such as MNDY and SNOW are also a bit weaker than I'd like to see. This gives me concern there may be pressure on growth stocks in the intermediate term here but we'll see
PLTR trade ideas
Palantir to break below the crucial support?Palantir Technology - 30d expiry - We look to Sell a break of 13.48 (stop at 14.88)
13.56 has been pivotal.
A move through bespoke support at 13.50 and we look for extended losses.
The lack of interest is a concern for bulls.
This stock has seen poor sales growth.
The bias is to break to the downside.
Our profit targets will be 10.08 and 9.38
Resistance: 14.60 / 15.30 / 16.35
Support: 13.56 / 12.00 / 10.50
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Buy opportunity soon After two consecutive positive earnings' reports, NYSE:PLTR skyrocketed. Now, on a technical aspect I see a retracement as there is a clear Head and Shoulders formation. On a financial stand-point, the P/E ratio of 78 is relatively high and considering the current environment, full of expensive debt.
I sold 25% of my NYSE:PLTR along the way up but missed out on $20 by a significant 30%, I will look to accumulate my 25% position back when the price retraces.
PLTR should seek support soon, cathy is pro pltr seeking 10.5million buys
cleared daily enough for me to take long on a retrace, would like liquidity targeted and swept.
Completion of Head & Shoulder Formation for Palantir?Well looks like Palantir is completing a head and shoulder formation on the chart. Based on the H&S formation, looks like there’s a price objective of $7.40.
A giant H & S for PalantirNYSE:PLTR has been one of the starts of the AI mania in the last months. The price formed a giant head & shoulders for a reversal. If NASDAQ:NDX looses the support from here, we may see a strong sell rally.
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$PLTR Palentir - 4 hour - trend matrix developmentA trend matrix, also known as a trend analysis matrix, is a tool used to analyze and visualize trends in data over time. It helps in identifying patterns, making forecasts, and making informed decisions based on historical data. Developing a trend matrix involves several steps:
A geometric trendline matrix is a visual representation of geometric trends in data over time. Geometric trends are characterized by a constant ratio of change rather than a constant amount of change, which is typical of linear trends.
The ratio degrades to a 0 point hub. Which often acts as a sort of cog to the movement of the dataflow.
This is a 4 hour chart of Palentir
Potential head and shoulders on PLTRA H&S is forming on the daily chart. The potential drop of roughly 40% would be right on the 8/8.50$ GAP area and retest of the trend line broken in may plus the 9$ support horizontal level. That are could provide a very good entry if reached.
PLTR wait for sellPalantir Technologies Inc (PLTR) stock chart, negative shoulder pattern is well formed, below the collar of this pattern is the best position to sell. Note that the pattern is not completed, the entry is wrong, wait for the price to close below the collar, i.e. 13.5, and then enter the transaction.
PLTR short1. The chart has a false break in late July with increasing supply which is a Change of Behavior. The reaction tells us that the upmove is done. Price now either consolidates in a trading range or reverse.
2. The recent rally has diminish volume characterictics.
3. Highlighted red bars show that supply is in the market. We see more red bar with high volume than the green ones.
For all these reasons, the trading range is likely distributional.
SL: We exit when we see a valid break above $17
TP: Parial cover at $13.4
Full exit at $10.5
$PLTR upwards soon This is my opinion how NYSE:PLTR is moving. I think we are heading up soon along with the SPX
$PLTR - Bearish WEEKLY Head & Shoulder in Play, Target $9.50a crystal clear head and shoulder pattern looks like it is playing out. Short at neckline break. If it breaks look for a potential downside of the length from head to neckline which also coincidentally lines up with the trend line at around $9.50. Also, you can see that the MACD also made a bearish death cross and the squeeze mod is also curling under which is bearish.
PLTR: Elliot wave count, impulsive C to the downside incomingFirst impulsive move up has completed
Currently correcting in wave B
Expecting a retracement to the 0.5 Fib in conjunction with 1.0 Fib extension of wave A
Beautiful Head&Schoulders in conjunction with elliot waves
PALANTIR Next break above the 1D MA50 is a buy signal.Palantir (PLTR) has been trading within the 1D MA50 (blue trend-line) - 1D MA100 (green trend-line) range since August 09. This consolidation is technically the bottom formation near the Higher Lows trend-line of the long-term Channel Up.
Last time the price traded below the 1D MA50 for that long was from November 17 2022 to January 17 2023. The 1D RSI sequences between now and then are indentical on Channel Up patterns. Onve the price broke above the 1D MA50 for the 2nd time, it started a rebound that peaked within the 1.236 - 1.382 Fibonacci zone.
As a result, we will wait for as long as it takes (most likely will be very soon) for one more break above the 1D MA50 in order to buy and target $22.35 (1.236 Fibonacci level).
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PLTR to 9 bucks ishhighlighted the important stuff here, head and shoulders as well, although I did not draw it.
PLTR: Hit plenty of resistance Struggling to keep at current levels as shown by the H&S pattern. We've gone up over 100% this year. Down she comes for a nice reset to buy back in. Keep in mind that this company flows tightly with the macro economy. So when there is overall fear in the air, selling off occurs significantly. That said when things are looking up price movements are significantly stronger.
PLTR: Sell ideaSell idea on PLTR as you see on the chart because we have the breakout with force the vwap and the support line by a big red candle with a large red volume.Thanks.
PLTR: Buy ideaAs you see on the chart we have a buy idea on PLTR because we have the breakout with force the vwap indicator by a big green candle with a large green volume.Thanks!
PLTR AnalysisPrice consolidated since my last analysis. No changes to my current expectations. I'm expecting price to continue lower, taking out the sell-side liquidity at 13.56.
$PLTR - BEARISH Head & Shoulder FormingThe Head and Shoulder is still forming, Watch for a crack below the neckline, target leg down will hit the gap area around $7.88 which also equals to roughly around the length of the head to neckline.
BEARISH CASE***
+ PLTR never filled the GAP
from which the upward move started.
Very likely price will trade back to that
level, or somewhat below to the
single digits - because the GAP is in
line with the origination zone
+ We also observe decreasing trading
volumes plus a bearish
head & shoulder formation on the D timeframe.
4-hour chart analysis of Palantir Technologies Inc. (NYSE: PLTR)A geometry-based approach, focusing on trendlines drawn from significant peaks and lows. By utilizing these trendlines, we aim to uncover potential insights into the stock's price movement.
Geometry-Based Trendlines Analysis: Palantir (PLTR) 4-Hour Chart
1. Peaks and Lows Identification: We begin by identifying prominent price peaks and lows within the specified time frame. These key turning points provide a foundation for drawing trendlines that capture the stock's directional movement.
2. Upward Trendlines: Drawing trendlines connecting consecutive higher lows can reveal an upward trend. This trendline serves as a dynamic support level, indicating potential buying opportunities as the stock tends to respect this line during pullbacks.
3. Downward Trendlines: Conversely, trendlines connecting lower highs may expose a downward trend. Such a trendline acts as a resistance level, signaling potential selling zones as the stock encounters selling pressure near this line.
4. Triangle Patterns: As trendlines converge, triangular patterns may emerge. A symmetrical triangle indicates indecision between buyers and sellers, with a potential breakout in either direction. An ascending triangle suggests upward momentum, while a descending triangle hints at potential bearishness.
5. Trendline Breakouts: A breakout occurs when the stock's price breaches a trendline, often accompanied by increased volume. This can signal a shift in momentum and potential trend reversal.
6. Support and Resistance Validation: As the stock's price interacts with trendlines, it confirms the validity of these lines as support or resistance levels. Multiple touches increase the significance of these levels.
7. Pattern Confirmation: By combining trendlines with other technical indicators, such as moving averages or oscillators, we can validate potential trends and anticipate reversals more effectively.
8. Price Targets: Measuring the distance between the widest points of a pattern, such as a triangle, can provide potential price targets upon a breakout. These projections help traders set realistic expectations for potential gains.
9. Risk Management: Geometry-based trendlines can aid in setting stop-loss levels. Placing stop-loss orders slightly below support trendlines (in the case of long positions) or above resistance trendlines (for short positions) helps manage risk.
10. Adaptive Strategy: Continuously adjust trendlines as new peaks and lows form, ensuring the analysis remains current and aligned with the evolving price action.
It's important to combine this analysis with other technical and fundamental factors for a comprehensive view before making trading decisions. Always remember that trading carries inherent risks and requires careful consideration of individual risk tolerance and investment goals.
