Probably Bottomed...Looks like a pretty clean count if I don't say so myself - can it squeeze another low? yes but it's not likely imo - probably a multi year long if the bottom is in - new highs should come sooner than people think if so.
PTX trade ideas
PLTR AnalysisNo changes from my last analysis. Price played well as analyzed last week. Price took sell-side liquidity and broken market structure to the downside. I'm expecting price to continue down until we see a change in momentum to the upside.
$PLTR- Bullish CipherOn the zoomed out frame, we have a bullish Shark formed and confirmed. On the zoomed in we have a cipher confirming hourly as well.
PLTR - Looking To Buy But Not YetPLTR is in a choppy corrective ascending channel here and it will probably fall out to the downside at some point.
Reasonable probability assuming the channel has topped that it will get back to the log 0.618 which is $7.73 at which point I will like to buy.
There is a fair amount of weekly divergence coming in and I think a big bounce is due.
Worth noting that it didnt quite make it to the 1.618 extension at $6.07 so I will save some allocation in case it does get there which would be a very good buy I think.
Palantir Within an Ascending Channel! Will It Grow More?Palantir Within an Ascending Channel! Will It Grow More?
Since the beginning of the new year the stock market was suffering a lot of losses.
As you can see Palantir is one of them.
Despite the good data they are suffering like all the others.
So the price did not stop the bearish movement.
From the chart we can see that the price is developing within the channel.
The price is actually trying to go up again the first resistance zone will be close at 11.5.
If the price will move above the channel we can see it reach 14.5.
Don't forget that on Aug 8, Palantir has "Earnings Reports" and this could push the price higher again.
We have to keep in mind that Palantir is a very good company and well known among traders.
Thank you and Good Luck!
PLTR AnalysisPrice played out well last week as analyzed. Price is currently on a downtrend, taking sell-side liquidity. From here, I'm still expecting price to continue lower, taking the lows at 7.50 before we see a retracement to the upside. Keeping an eye on the $5.00 round number psychology mark.
PLTR upcoming new cycle W3 if BO >12, then 16 & 20 will be next.The 2020 low of PLTR is 8.90 which it broke below to make an ABC (A=C) at near 7.21 my max pain zone.
Max risk is only at 7.21 but the upsides are 8.90, 16 & 20. VERY GOOD risk to reward ratio.
A new Elliott wave cycle may have begun if PLTR holds the green 7.21 zone.
Not trading advice
PLTR AnalysisPrice is currently on a downtrend. Similar to last week, I'm expecting price to continue lower and take the sell-side liquidity at 7.50 before we see a retracement. I'm currently waiting for the price to go lower and load up my positions.
Palantir / possible buy opportunityPalantir closed the day right at the key fib retracement level.
If it holds the current level and shows some strength it could be a good buy opportunity.
SL around 8.1 for a nice R:R
PLTRPLTR is showing a close correction followed by a change in trend to positive. Fractals are not 100 % accurate as it needs little changes in dimensions from time to time. This is not Financial Advice.
PLTR AnalysisPrice dumped after earnings call last week as analyzed. Price also created a fair value gap at 10.40. Price is likely going higher to fill the fair value gap before going down to take the sell-side liquidity. Price could also go higher to mitigate the bearish POI left behind unmitigated at 11.88 before going lower.
2X $PLTR 1D Tech. Analysis! BANKED for +20%!!WE BANKED on this move down more than -20%! I gave you this analysis in late July (the analysis below).
$PLTR stock has been getting KILLED!!! Now sitting on -75% Discount, reached all-time lows in May (-85% Discount). We are looking to join the fun & capitalize! We are looking for PUTs only on Palantir tech, we are currently in the golden zone of the FIB. The stock will retrace due to bullish momentum the past 3 days last week but soon as we see a Doji or bearish confirmation, WE POUNCE & EAT GOOD off of this bearish move forming!
PLTR:Very close to trend line!Palantir Technology
Short Term - We look to Buy at 9.19 (stop at 7.55)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Trend line support is located at 9.00. Support could prove difficult to breakdown. Dip buying offers good risk/reward. Further upside is expected.
Our profit targets will be 12.96 and 14.00
Resistance: 13.00 / 16.00 / 24.00
Support: 9.00 / 6.60 / 4.00
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PLTR: Big corrective structure?Clearly I was wrong with my previous PLTR view. Still would like to catch the impulse. Thinking LEAPS near $5 and diamond hand it? Let me know what you're thinking!
If you've been following for a while, sorry about the lack of posting. Life got very busy!
$PLTR 3 entry limit, Cypher I will update entries when they fill, they will be in the box highlighted. Stop against X. Targeting 382, 618 and lastly top of pattern ( I will share chart of targets upon entry. Tp 1 stop is even (382) 786 is trigger of the pattern btw. Please see last cypher for reference below
Trade safe
PLTR looks cheap AF IMO I have been watching for the last year and I think it's time to start buying PLTR for the long term, 24 bucks is what I think it's worth at least...
PLTR longPLTR - finally is looking to break out from the big downtrend
made double bottom at 7.70
holding the level in the bear market
made a fake breakout, pull back, today breaking out again on high volume
strong close of the day
Palantir Potential For A Position PlayIn this update we review the recent price action in PLTR and identify the next high probability trading opportunity and price objectives to target
PLTR bearish flad and divergence on dailyAs you can on the chart, PLTR formed bearish flag pattern with bearish divergence on daily time frame. Today is earning call and I think they will beat revenue but will miss EPS.
PLTR AnalysisPrice did not play as expected. Price has took the liquidity above 11.32. Right now, I'm expecting the price to go higher to mitigate the bearish POI at 11.88. We have earnings next Monday, we will see if this bearish POI holds.
PLTR: Typically heavy reliance on earningsThe more things change the more they stay the same... but something is different this time (maybe?).
Palantir has always, since post hype run, relied on earnings for its trend movements. So that may well be the case this time 'round. One factor that stands out from previous earnings calls is the institutional ownership. It is now 40%. That is significant. Big money does not put that much money in a pile unless it more certain than not, they will see a return on their investment in the short term.
So with that, we may finally see upwards movement after earnings this time.
Either way, I am buying.
Good luck all.
