PLTR trade ideas
Palantir - Great Short Opportunity?For the full depth analysis please refer to my previous analysis.
I was waiting for an overshot on the B Wave, now it’s clear to me we are in an ABC corrective pattern to the downside, an expanded flat to be precise.
I fully expect us to close an old gap between $35-36 and then start to head down.
Do your own research, hate, like or simply just enjoy my analysis.
Not financial advice, my short will be compounded between $34-36. And if this level is broken to the upside, I will close my trade at a small loss.
9/9/24 - $pltr - finally i can size up short at $349/9/24 :: VROCKSTAR :: NYSE:PLTR
finally i can size up short at $34
- have been looking for some obvious shorts to offset my long book
- at 30x sales, look no further than the stonk where everyone loves it because the number has gone up but where nobody has a clue about how to explain 1 + 1 = 100
- see you on the other side... short in size. (thanks!)
V9/9/24 :: VROCKSTAR :: NYSE:PLTR
finally i can size up short at $34
- have been looking for some obvious shorts to offset my long book
- at 30x sales, look no further than the stonk where everyone loves it because the number has gone up but where nobody has a clue about how to explain 1 + 1 = 100
- see you on the other side... short in size. (thanks!)
V
Palantir ($PLTR) Stock Surges on S&P 500 InclusionPalantir Technologies, Inc. ( NYSE:PLTR ), a leading AI-powered data analytics company, saw its stock soar in premarket trading on Monday. This rally comes on the back of two key developments: Palantir’s upcoming inclusion in the S&P 500 Index and a newly extended strategic partnership with bp, introducing cutting-edge AI capabilities. Here's a deeper dive into the technical and fundamental aspects driving Palantir’s recent surge.
S&P 500 Inclusion and BP Partnership
S&P 500 Inclusion: A Major Milestone
Palantir’s addition to the S&P 500 Index is set to take effect on September 23. The S&P 500 is widely considered the best gauge of large-cap U.S. equities, comprising 500 leading companies that represent about 80% of the total market capitalization. Meeting the eligibility criteria for S&P 500 inclusion—a market cap of at least $15.8 billion, adequate trading volume, and primary listing on a U.S. exchange—marks a significant validation of Palantir's growing influence and profitability.
Inclusion in the S&P 500 is a major positive for Palantir, as it will prompt index-tracking funds and ETFs to buy shares, thereby boosting volume and liquidity. Historically, stocks added to major indices see a surge in buying activity, as funds need to replicate the index composition. According to Wedbush analyst Daniel Ives, this move significantly bolsters Palantir’s profitability profile, further validating the company's growth trajectory.
Strategic Partnership with BP: Extending a Decade of Innovation
Palantir also announced an extended enterprise agreement with bp, strengthening a decade-long strategic relationship with the introduction of new AI capabilities powered by Palantir’s AIP software. This partnership will continue to leverage Palantir’s industry-leading digital twin technology, which integrates real-time data from over 2 million sensors into a unified operating picture. This collaboration has been pivotal in enhancing efficiency across bp’s oil and gas production, driving operational improvements through sophisticated digital simulations.
The new AIP software will allow bp to safely utilize large language models (LLMs) for decision-making support, offering real-time suggestions based on comprehensive data analysis. Palantir’s robust infrastructure and transparent AI deployment aim to ensure reliable operations while safeguarding against potential AI errors. This partnership exemplifies Palantir's commitment to enhancing industrial efficiencies through AI, solidifying its role in bp's ongoing digital transformation.
Bullish Momentum with Key Support and Resistance Levels
Technically, Palantir’s stock shows a strong bullish momentum. As of the latest data, NYSE:PLTR is up 8.16% with an RSI of approximately 67, suggesting it is approaching overbought territory. Despite this, the stock’s positioning above key moving averages—the 50-day, 100-day, and 200-day MAs—indicates a continuous bullish pattern, signaling strong upward momentum.
Key Support and Resistance Levels
Palantir’s technical landscape features important price levels that investors should monitor. Key support is seen around $28.50, where the stock previously found a solid base before its recent surge. On the upside, resistance is expected near $35, a psychological level that could see profit-taking by short-term traders. A break above this resistance could trigger further gains, especially if the stock maintains its position above key moving averages.
Volume and Liquidity Surge
The inclusion in the S&P 500 is expected to boost trading volume and liquidity for Palantir, as index funds align their portfolios with the new composition. Increased volume typically enhances price stability and reduces bid-ask spreads, making the stock more attractive to a broader range of investors.
Conclusion:
Palantir’s inclusion in the S&P 500 and its strengthened partnership with bp highlight the company’s ongoing growth and strategic positioning in the AI and data analytics sectors. Fundamentally, these developments validate Palantir’s business model and market potential, while the technical indicators point towards sustained bullish momentum.
However, investors should remain cautious of overbought signals and monitor key support and resistance levels. Palantir’s story is one of innovation and adaptation, making it a compelling long-term play as the company continues to expand its influence across industries through strategic collaborations and technological advancements.
With its AI capabilities poised to revolutionize data analytics, Palantir remains a stock to watch closely as it continues to carve out its place among the giants of the S&P 500.
PLTR: Buy ideaOn PLTR we are in a bearish channel situation, with an attempt to break the vwap by buyers. This seems to us to be a high probability of seeing the market go higher with confirmation also of the break of the resistance line by a large green candle and followed by a large green volume.
However, let's be careful because there can also be a reversal of the trend with the support line breaking forcefully by a large red candle and followed by a large red volume. It must be said, the market is often unpredictable.
Technical Analysis (PLTR 1-Hour Chart): Sept. 9, 2024Palantir (PLTR) is set to join the S&P 500 index on September 23, 2024, which has already led to a price jump of around 7% after the announcement. This inclusion could attract more institutional investors, potentially increasing the stock's liquidity and driving demand higher.
Technical Analysis (PLTR 1-Hour Chart):
Volume Profile: Major resistance at $32.70 and support near $31.64.
Trend: Recent spike towards $33 indicates bullish momentum, but be cautious around the $32.70 resistance zone.
Suggestion: A pullback to $31.64 could offer a better entry. Watch volume and momentum at key levels.
It’s possible that Palantir (PLTR) could experience a "sell the news" reaction after the initial excitement from the S&P 500 inclusion fades. While the news has driven the stock higher, traders might take profits, leading to a pullback in the short term. The key level to watch is $32.70, which could act as strong resistance. If the stock fails to break above this, there might be a retracement to around $31.64 or lower.
I’d suggest monitoring price action closely near resistance levels before making a decision.
Palantire on the way to $30Palantire is on the way to $30. The current pull back is good opportunity to join in the journey.
PLTR 60% UP ? S&P EntryPLTR long term profit ? Entry notice to the S&P index + Cup & Handle pattern + Above the average line 150. Only an idea and not a recommendation for trading!
PLTR: Will SP500 entry boost stock price to target?PLTR ending diagonal is taking time and stretching out. The last few weeks have been forming a bull flag and now the news of SP500 entry is poised to push the share price higher. On an expanding diagonal, wave 5 is expected to be longer than wave 3. So, the price target puts it to over $40 or higher. My plan hasn't changed. My long term load target will come after the intermediate degree wave 1 is complete. Short term, I am looking for a long entry to catch the next wave. Broader market is getting pretty weak, so, a bounce is expected. PLTR will most likely take the crown during that bounce.
Technical Analysis on Palantir Technologies Inc (PLTR)Palantir ( PLTR ) is currently in a short-term bullish phase, as indicated by the green trendline, which began in May 2023 with the breakout of the descending trendline (orange) accompanied by a gap up and increasing volume.
The stock has recently broken above the resistance zone R1, which it is currently retesting.
Bullish Scenario:
A short-term bullish scenario would see a move toward the next resistance level R2 in the $38-$40 area.
Bearish Scenario:
If the retest of resistance R1 fails, the stock could move towards the support areas, where potential entries could be considered if one anticipates a rebound:
The POC area around $24;
The weekly support S1;
The weekly support S2.
The support zones S2 and S1 are more clearly visible on a monthly timeframe:
Palantir Tech,,, pullbackUptrend
As I mentioned in my previous charts, one of the best cases for entry to buying position is a pullback and a good bullish candle on the S/R zone or line.
As you see in the chart, there is a breakout, pullback and two bullish candles as a trigger for entry. Having a small SL is an advantage of working on pullbacks, about 29 could be a sure place for setting up a stop loss. The next target is about 39.
Good luck.
Palantir - Retail darling entering danger zone FUNDAMENTAL REASONS:
1. Palantir's high P/E and P/S ratios suggest the stock is overvalued, making it vulnerable if growth doesn't meet expectations.
2. Revenue growth is decelerating, which could lead to a revaluation of the stock price as the company matures.
3. Palantir has struggled with consistent profitability and has thin margins, raising concerns about its ability to generate sustainable earnings.
4. Heavy use of stock-based compensation leads to shareholder dilution, which can put downward pressure on the stock price.
TECHNICAL REASONS:
1. Potential fifth wave impulsive wave to the upside. This can either get rejected at the weekly (where we are now) or take one last move to the upside at the Monthly, which is a stronger level of resistance.
2. Ascending wedge pattern - higher probability of breaking down as it’s a bearish pattern.
3. Fibonacci confluence supporting the above.
Potential trade:
To play it safe you can set a tight stop above the horizontal levels, above the monthly just in case we break above that in a euphoric market. Anything can happen so play it safe.
Not financial advice!
$PLTR | Allocation | Buy Limit | Technical Confluences:
Price is in Overbought conditions in the Weekly Timeframe (Will take time to play out)
Price action bounced off 3 Resistances; Horizontal Trendline, top range of a Parallel Channel and the top of a Supply Zone
Fundamental Confluences:
PLTR's specialized software platorms that are complex yet scalable in it'sdata handling capabilities gives them their edge
Competitors have yet to catch up to NYSE:PLTR 's advancement but competition is starting to build against them from other big tech firms
The growth potential in data analytics is massive and it has not include massive global expansion
A large portion of their revenue depends on government contracts which is stable but is susceptible to any changes in government and their policies (something to watch for)
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This counter is a one that I had enter prior to this as shown.
The story for NYSE:PLTR in the data analytics field is something that must be held in a long-term portfolio.
At the moment, I don't see NYSE:PLTR breaking up above the 3 resistances and am expecting a reversal which I will place Buy Limit orders (as shown) to allocate more into this stock.
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PLTR: Buy ideaOn PLTR we would have a hight probability to have an uptrend as you can see on the chart if only if we have the breakout with force the vwap indicator.
PALANTIR Correction starting. Short or wait to buy on that levelPalantir Technologies (PLTR) have been trading within a Channel Up since the May 04 2023 Low. Last week the price reached the pattern's top (Higher Highs trend-line) and technically we expect that to be the end of the recent Bullish Leg, as also indicated by the Sine Waves.
Naturally we anticipate a medium-term pull-back in the form of a Bearish Leg. The previous 3 Bearish Legs have been under the form of Lower Highs that broke below the 1D MA50 (blue trend-line) and hit at least the 1D MA100 (green trend-line) before rebounding again into a new Bullish Leg.
As a result, we expect to see at least a test of the 1D MA100, which short sellers can target $26.00. This is also above the minimum %correction we've seen inside this pattern (-25.90%).
The strongest buy signal inside this long-term Channel Up is historically give when the 1D RSI hits the 35.85 - 30.20 Support Zone.
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Against the TrendYesterday's Hanging Man may become confirmed toy by another one. This may indicate that there is a downward correction due after the 50% rise within less than 2 weeks only.
The momentum is declining.
PLTR: Buy ideaBuy idea on PLTR as you can see on the chart because we have the breakout with force the resistance line by a big green candle.
Don't be a sucker to institutional mistakes. PLTR is a perfect example of WS incompetence and dishonesty. Don't you find it odd that they never tell you they were wrong? Most funds are now back to even on PLTR and now they are very likely dumping in hopes to buy back lower once we enter the recession.
PLTR for tomorrow 8/29/2023Price Action Overview:
Downtrend Channel: PLTR is currently trading within a well-defined downward channel. The price has been making lower highs and lower lows, indicating bearish momentum.
Key Resistance Levels:
$31.65 - $31.51: This area is a strong resistance zone where the price was previously rejected. It also marks the upper boundary of the red shaded area, indicating a significant supply zone.
$30.25: Another resistance level within the downtrend channel. The price attempted to hold above this level but failed, leading to a continuation of the downtrend.
Key Support Levels:
$30.00: The price is hovering around this level, which aligns with a psychological support level and the lower boundary of the current trading range.
$29.76 - $29.50: This zone is the next support area, with $29.50 being a significant low that might provide some temporary support.
$29.15: The most recent low marked on the chart. If the price breaks below this level, it could lead to further downside.
Indicators:
Stochastic Oscillator: The stochastic oscillator is currently in the oversold territory. This suggests that the selling momentum might be weakening, and a potential bounce could be imminent. However, in strong downtrends, the price can remain oversold for extended periods.
Outlook for Tomorrow:
Bearish Bias: The overall trend is bearish, and as long as the price stays within the downward channel, the path of least resistance is down. However, the oversold condition on the stochastic oscillator might lead to a short-term bounce.
Potential Scenarios:
Bounce Scenario: If the price finds support around $29.76 - $29.50, it might attempt a bounce. The first target for a bounce would be $30.25, followed by $30.50, which aligns with the upper boundary of the channel.
Breakdown Scenario: If the price breaks below $29.50 and particularly $29.15, it could lead to further downside, potentially targeting the $28.50 - $28.00 range.
Entry/Exit Points:
Long Entry: Consider entering a long position around $29.50 - $29.15, with a tight stop loss just below $29.00. This trade would be a counter-trend trade, aiming for a bounce. The target could be the $30.25 - $30.50 area.
Short Entry: If the price bounces back to $30.25 - $30.50 and shows signs of weakness, this could be a good area to enter a short position, aiming for a move back down to $29.50 or lower.
Stop Loss: For longs, a stop just below $29.00; for shorts, a stop just above $30.50.
Final Thoughts:
Given the current downtrend, the overall sentiment is bearish, and caution is advised when taking long positions. If you're looking for a safer play, waiting for a clear break of the downward channel (either up or down) might offer more reliable entry points.
PLTR: Back to a critical inflection point! (D&W charts)As we warned in our previous analysis, PLTR hit a very dangerous resistance area and since then it has correlated sharply and we are seeing some bearish signals.
Daily Chart
On the daily chart, PLTR recently tested the main mid-term support level around $29.83, which aligns with the previous top on July 18. This area now acts as support due to the Principle of Polarity, where a former resistance level becomes support after being breached. The price action shows that PLTR is currently testing this support, and a failure to hold above it could indicate further downside potential. The 21-day EMA is trending downward, indicating short-term bearish momentum, and it is acting as a support level too, making this area a double support zone.
The price previously showed signs of forming a top signal after failing to break higher from the recent highs around $31.34, which also coincides with a long-term resistance level. This resistance was established after closing a gap that was left open for 3.5 years, adding to its significance.
Weekly Chart
The weekly chart provides a broader perspective, highlighting that PLTR has been trading within an ascending channel since early 2023. The recent price action shows a failure to break above the upper boundary of this channel, followed by a pullback. The rejection from this upper channel line, combined with the resistance at $31.34 (the gap closure level), suggests a potential top formation.
The weekly candle indicates a reversal from this resistance zone, further supported by the bearish engulfing pattern that has emerged. This bearish sentiment aligns with the top signal identified on the daily chart.
Key Levels to Watch
Support: $29.83 (daily chart), which aligns with the previous top on July 18.
Resistance: $31.34 (weekly chart), where the gap was closed after 3.5 years.
Lower Support Zone: The lower boundary of the ascending channel on the weekly chart, currently around $23.
Summary
PLTR is showing signs of weakness after testing and failing to break above the long-term resistance at $31.34. The rejection from this level, combined with the bearish patterns on both daily and weekly charts, suggests a potential for further downside. For now, we should watch the support at $29.83 closely; a break below this level could lead to a deeper correction towards the lower boundary of the ascending channel. The overall trend remains within the ascending channel, but caution is advised given the recent top signals.
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
All the best,
Nathan.
Palantir: Another Downward Move is PossiblePalantir: Another Downward Move is Possible
We have identified another bearish Harmonic Pattern on our radar.
Upon completion near $33.12, we observed an aggressive price reaction, reinforcing the validity of our pattern. This indicates that sellers were well-positioned around $33, suggesting a correction is imminent.
In a typical scenario, Palantir could decline to around $28. However, in a more aggressive bearish scenario, it could drop as low as $22.
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 daily pullbackPullback to the 0.75 line in a big possible channel. Take it to the 0.875 line and an old zone.
PLTR: AnalysisOn PLTR we are in a bearish trend (Bearish channel) namely an oversold zone with a succession of red candles accompanied by red volumes. Considering this configuration on the chart, we would have a high probability of having a bullish trend however if the vwap indicator as well as the resistance line are broken forcefully by a large green candle and followed by a large green volume .
