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PALANTIR TECH INCPALANTIR TECH INCPALANTIR TECH INC

PALANTIR TECH INC

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PTX trade ideas

#202425 - a weekly price action market recap and outlook - pltrGood evening and I hope you are well. Let's do some single stock trading ideas. Palantir. comment: The stock that lives on hopes and dreams of people who know few about IT and much less about data & analytics, much like Snowflake. Go look at the Snowflake chart. When I have read the ipo price in 2020 I told everyone it was a bubble and the stock should trade below 100 for many years until maybe big profits could come in. They are still years away from those big profits and the stock lost 49% from the IPO price. I do not know anyone who works in Data & Analytics and knows Palantir who tells anything positive about them. It's a hype stock that got good publicity because of investors and defense contracts. That stock will trade below 15 in either late 2024 or 2025. Not financial advice. current market cycle: My dead dog can tell you it's a traingle and that is a form of a trading range and market is in breakout mode. Your job is to wait for the breakout and hop along, that's it. Now set the same alerts as I have and make money once they ring. key levels: 20 - 27 bull case: Market is getting rejected at the 50% pb from all time low to all time high. That's bearish af. Only chance bulls have for this to trade back up is a weekly close above 27. Bulls have going for them, that there seems to be big passive buying at 20.50. They are also trading above the daily and weekly 20ema, which is also bullish. Invalidation is below 20. bear case: Once that buyer at 20.50 gives up, it's free fall. The triangle will probably play out and we see some downside from 23 to 20/21 again in the short term. Last earnings surprised upwards and bulls used that spike as exit liquidity. Tells you something. Invalidation is above 26. short term: bearish for trade back down to 20/21. Short term in this case means several weeks, since I'm posting the weekly chart. medium-long term: I don't know which way the triangle breaks down to but either way, you can clearly see the big lows and highs. One of those will probably get retested before the other. So set the alarms and trade it when it breaks out. I hope my insrted illustrations help you.
NYSE:PLTR
by priceactiontds
Retracement RetracedThe retracement of the corrective risegives the chance of a renewed attempt to overcome the breaking summer high of 2021. And even if we may not succeed there is a good chance for a profit. But if we succeed the chance of a further rise will be exorbitant. Then the chart will have the V-formation confirmed which consists in the deep fall of the 4th quarter of 2021 and the following as like steep rise of this year. The potential is seen in the chart. We may almost reach the all time high then again. I don't say that this comes. Such a rise may take months and even years but the chances will be clearly on the upside then.
NYSE:PLTRLong
by motleifaul
PLTR: I guess no one cares about the half billion DoD contractPLTR recently received a close to half billion dollar, 5 year contract from the military complex (in addition to some commercial contracts and expansions). If the stock didn't move much from that, it won't move up now. Buyers are assuming it's already priced in at these levels. We also failed to break out of an upward channel a couple weeks back. Se here we will sit until folks feel the next catalyst is worth driving up the price to 30 bucks. Meantime, we will bounce around between 17 and 22 bucks. If we stay above 20 this week, we may retest the high of 22 before coming back down - and potentially testing the 17-19 range - still maintaining the larger upward channel. It's a good time to accumulate for long term holders, and it's a good time to wait for short term buyers. not trading advise.
NYSE:PLTRShort
by HassiOnTheMoon
1
Can PLTR continue to move up?Key Observations: Price Action: The price is currently at $22.88. There has been a significant upward movement recently. The stock is trading near its recent highs around $22.90. Moving Averages: The green moving average line is trending upwards, indicating a bullish trend. Volume Profile: The volume profile shows significant trading activity around the $22.24 level, indicating strong support. There is less volume traded above the current price, suggesting less resistance in this region. MACD (Moving Average Convergence Divergence): The MACD lines (blue and orange) are above the zero line, indicating bullish momentum. There is a potential for a bearish crossover if the lines start converging. Support and Resistance Levels: Support: Around $22.24 and lower at $21.86. Resistance: Immediate resistance near the recent high of $22.90. Forecast and Advice: Bullish Scenario: If the bullish momentum continues, driven by strong volume and positive market sentiment, PLTR could break above the $22.90 resistance. The next target could be around $23.50 to $24.00, where the price may face new resistance levels. Bearish Scenario: If there is a bearish MACD crossover or if the price fails to hold above the $22.24 support, PLTR might pull back. In this case, the price could retest the support levels around $21.86 or even lower at $21.50. Neutral/Bearish Signal: Watch for declining volume on upward movements, which might indicate weakening bullish momentum. If the MACD lines start converging and potentially cross downwards, it could be a sign of a bearish reversal. Trading Strategy: For Long Positions: Consider entering if the price sustains above $22.90 with strong volume. Set a stop-loss below the $22.24 support to manage risk. For Short Positions: Consider entering if there is a bearish MACD crossover and the price breaks below $22.24. Set a stop-loss above the $22.90 resistance to manage risk. Conclusion: Based on the current chart and indicators, PLTR shows bullish momentum, but it's essential to watch for key levels and indicators like the MACD and volume for confirmation of continued upward movement or potential reversal. Adjust your trading strategy accordingly based on these signals.
NYSE:PLTRLong
by BullBear-Insights
2
The rules for being a professional traderTo be a professional and profitable trader, you must cultivate certain values ​​in yourself. It's about: - Discipline; - Courage; - Self-Confidence; - Humility. I) Discipline: Discipline is one of the key factors in becoming a profitable trade. If you are not disciplined we will never be able to achieve our goals. Indeed, discipline consists in respecting the rules or principles that one has set for oneself. II) Courage: In trading, you have to be brave, that is to say, you have to have a steely mind. Certainly you will make winning trades as well as you will make losing trades. The bottom line is that your winning trades exceed your losing trades. When you make losing trades don’t be discouraged, don’t be angry, you can quickly cut your positions to minimize your losses. In addition, you have to have the courage to come back to your mistakes to see what went wrong so that you don’t make the same mistakes agin. III) Self-Confidence : Never doubt yourself. Indeed, doubt is considered as the greatest weakness of Man. Always believe in what you do. « Nothing is impossible for those who believe » V) Humility: Humility will lead you to become a champion in trading. When you start making money trading, be yourself. Don’t get carried away by your emotions, Always keep your cool. Stay humble. God bless you Eternity.....
NYSE:PLTR
by PAZINI19
2
Volatility Squeeze in PalantirPalantir fell a month ago. Now, after a period of consolidation, some traders may look for the software stock to recover. The first pattern on today’s chart is the tight volatility squeeze, illustrated by Bollinger Bandwidth in the lower study. Will the narrow price action be followed by a period of expansion? Second is Tuesday’s last price of $22.10. It was the highest close since May 7, when PLTR dropped after earnings. That may suggest buyers are getting more interested in the name. Third, a series of higher weekly closes may also reflect bullish sentiment. Finally, PLTR has hugged its rising 100-day simple moving average since late April. The 8-day exponential moving average (EMA) is also nearing a potential cross above the 21-day EMA. Those patterns may indicate positive trends over the short and longer terms. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:PLTR
by TradeStation
Palantir Technologies, Inc. Palantir Technologies, Inc. engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies. The company was founded by Alexander Ceadmon Karp, Peter Andreas Thiel, Stephen Cohen, and Nathan Dale Gettings in 2003 and is headquartered in Denver, CO.
NYSE:PLTR
by amazedGuest
How PLTR plays out tomorrow (June 3) forcastDisclaimer: This is for study purposes only and does not constitute financial advice. You are responsible for your own trading risks. 1. Overall Trend and Key Indicators Trend Analysis: The chart shows a 15-minute timeframe. There appears to be an upward trend forming as the price is currently above the moving average lines (red and purple lines) after a previous downward correction. Volume: The volume is noted in green and appears to be relatively high at 848,002, which may suggest strong interest in the stock at these levels. 2. Support and Resistance Levels Support: The support level is indicated at around $21.03, as shown by the blue horizontal line labeled "Low." Resistance: The resistance level is at $22.20, as indicated by the green horizontal line labeled "High." There is also a minor resistance around $21.80. 3. Notable Patterns or Technical Signals Moving Averages: The chart includes moving averages that the price is trading above, indicating potential bullish momentum. Candlestick Patterns: Recent candlestick patterns indicate bullishness as there are green candlesticks forming a potential reversal from the previous decline. Technical Indicators: The MACD (Moving Average Convergence Divergence) at the bottom shows a bullish crossover, indicating potential upward momentum. 4. Bullish or Bearish Outlook Based on the analysis: Bullish Indicators: The price is currently above the moving averages, there is a bullish MACD crossover, and the candlestick pattern suggests a reversal from the downtrend. Bearish Indicators: Any potential bearish signal would arise if the price fails to break above the resistance level at $21.80 or drops below the support at $21.03. Suggestion for Tomorrow's Trade Bullish Scenario: If the price breaks above the immediate resistance level of $21.80, it is likely to test the next resistance at $22.20. In this case, consider entering a long position with a target near $22.20 and a stop-loss just below $21.60 to manage risk. Bearish Scenario: If the price fails to hold above the support at $21.60 and drops below $21.03, it might continue downwards. In this case, consider entering a short position with a target near $20.80 (next potential support) and a stop-loss just above $21.30. Conclusion Based on the current chart indicators, PLTR appears to have a bullish setup for tomorrow, provided it breaks above the resistance at $21.80. Monitor these key levels and use the support and resistance to guide your trade decisions. Adjust your strategy based on how the stock performs relative to these levels.
NYSE:PLTRLong
by BullBear-Insights
1
PLTR big bullish move these coming weeks Weekly Chart Monthly chart is showing a strong monthly Break and retest of the Support/Resistance level. Price has been struggling to push up from July 2023 to Feb 2024. And we see price finally breaking above S/R level with strong bullish momentum. Expected the price to come back down for a quick retest. Currently price is sitting on Support level with Month of May candle being a doji candle. Showing there is no selling pressure nor buying pressure. Waiting for the next big news event. Going into the Weekly Chart, we can see a clear bullish structure. Price is making HH and HL. Price has also pulled back correctively into 50-61.8 FIB. We also have a bullish trendline. The third tap of the trendline usually always gives a strong momentum with the trend. Confluence -- 1. Break and Retest of Strong Monthly S/R 2. Weekly Chart shows bullish impulsive move followed by a corrective move into 50-61.8 FIB 3. Tapping into Strong bullish trendline.
NYSE:PLTRLong
by willisloyefx