PLTR to 9 bucks ishhighlighted the important stuff here, head and shoulders as well, although I did not draw it.
PTX trade ideas
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.
PLTR: Deja Vue - It's OPEX FridayAfterwards back to rally mode and 17 as Targer for 6th Sept. 19 for 13th Sept...
$PLTR - BEARISH Head & Shoulder $7.48 TargetA classic Head and Should pattern looks like it is forming. short at neckline if breaks for a target around $7.50 take profit area. Length of head to neckline of setup equals the measurement of the target.
PLTR: Buy ideaOn PLTR as you see on the chart we have a buy idea because we have the breakout with force the resistance line and the vwap indicator....Thanks..
PLTR AnalysisPrice played out exactly as analyzed, rallied to mitigate the bearish OB, and reacted strongly to the downside. No change to my expectations, I'm expecting price to continue lower, taking out the equal lows at 13.56.
qqq Invested everything into palantir as their charts are equal
Now look at this chart and compare to pltr
ON A 15 MINUTE TIMEFRAME , any other tf should do as well and you would understand some hedge funds and banks really rely on a single ticker for all of their existence.
The bull is done. The bear can play.Impulsive looking structure downwards.
Incoming months can show some sideways action for the wave b before we hit the C and despair on this one.
Wave B can be any corrective pattern
Flat/Zigzag familly/ Triangle.
PLTR insider selling head and shouldersWith top brass selling massively, it doesn't bode well for the short term. Expect a slight pop next week followed by the selloff.
Plus I heard news that a share buy-back is in the works. Pattern shows this has been planned for some time and the hedge funds will bring this down with the recent short interests that have reportedly increased. Look for nines before next earnings.
This is not investment advice, but for entertainment and education only.
PLTR: Buy ideaOn PLTR as you see on the chart we have a good spring effect on vwap indicator so it's mean that we will have a big probability to have a good uptrend. Thanks...one love...!
AVWAP Earnings RejectionClose right underneath its AVWAP after trading above it, should see decrease in prices
PLTR: Bullish Channel: AnalysisOn PLTR as you see on the chart we are in an uptrend. But if we have the breakout with force the vwap indicator and the support line by a big red candle with a large red volume it's mean that we will have a big probability to have a reversal trend (downtrend). In other hand, if we have the breakout with force the resistance line by a big green candle with a large green volume it's mean that we will have a big probability to have a continuation of the uptrend. Thanks.
PLTR ranges - adding to position when price reaches orange boxesHistorically, market softens in September/October. With macro environment weakening, I predict the price will revisit low teens in the up coming two months date range.
Possible PLTR impulse leg. PLTR was one of my favourite picks for a short in 2021. The setups were really obvious seeming to me and the pushback against the idea was absolutely intense (Especially for a stock that was already in a downtrend).
Previous targets of 10:
And 5:
All targets hit and a strong bounce off the lower target. This might be leg one of Elliot complete.
PLTR AnalysisPrice did not play out as analyzed last week. Price created equal lows at 13.56. With the current bearish order flow, I'm expecting price to mitigate the bearish OB at 15.87 and continue lower, potentially mitigating the bullish OB at 10.30.
