PLTR heads up at $40.39: look for Pullback or Break-n-RetestPLTR has been climbing fast.
Now at a key resistance zone.
Likely to get a pullback here.
$ 40.39 - 41.19 is the exact resistance.
$ 36.00 - 37.08 is a strong support zone.
$ 43.11 - 43.73 is next resistance above.
===================================
PTX trade ideas
Palantir will move after earnings so hold tight ! As long as Palantir remains within the upward channel, it’s still in play!
There’s an imbalance guiding the price, preventing it from dropping. We’ve seen the price attempt to go up twice already, so as long as Palantir stays within the channel and respects the imbalance, I’m quite confident it will make a third attempt to break the high.
On the other hand...
We have the earnings report coming up Monday pre-market, so whatever happens at the open, we’ll know which direction the price will take based on the report’s results.
Keep a close eye on this!
Best regards.
PLTR: Taking a fresh look. More bullish than before!PLTR chart has been bullish for a while and the recent price action looks very much like a wave 3 of some degree. This made me rethink my previous count that I was tracking as an expanding ending diagonal for wave 5 of c of various degrees of wave 5s to complete intermediate wave 1. But that started to look a bit unrealistic. Wave 5 was getting bigger than the 2x extension of waves 1 and 2.
Taking a second look to terminate intermediate wave 1 at the March high. This gives us a very short and shallow intermediate wave 2 correction ending in May. This makes the rest of the price action pretty bullish, even though the minute degree wave 2 of Minor degree wave 1 came in very deep. Let's ignore that situation, as it was very quick correction, and price has moved very quickly and very far without any major dips since. And if this bullish count is correct, then price should not come down to orange line $33.13 until minute degree waves 3, 4 and 5 are complete. Price should hit a few all-time highs to around $60 area before we see a sizable dip. However, that dip should not violate the red line at $20.65. If all goes well, the huge wave 3 of 3 will start that should take the price to the moon.
This count is wrong if price goes below $33.13 before the 5-wave minute degree sequence is complete. I will go back to my previous, now somewhat awkward looking count to end intermediate 1 brace for a much bigger wave 2.
PLTR Technical Analysis for Nov. 1, 2024Key Levels
Support Levels:
$40.80: This recent low could serve as the nearest support, where buyers may show interest.
$38.03: Further down, this level represents a stronger support if price action sees a steeper decline.
Resistance Levels:
$42.06 - $43.00: This range acts as the immediate resistance zone; breaking through here could signal a stronger bullish move.
$45.06: A key level for medium-term resistance, also aligning with the previous high on the chart.
Price Action and Trends
The current price action shows a downtrend with lower highs and lower lows. However, PLTR has recently seen a slight recovery attempt, with MACD showing a potential crossover, suggesting a possible reversal or bounce.
Entry/Exit Points
Entry: If the price can break and hold above the $42.06 resistance with a surge in volume, it could provide a long entry, with a target towards $43 or higher. Alternatively, if it tests and holds support near $40.80, a long entry may also be considered.
Exit: Look to scale out at $43 and possibly at $45.06 if momentum supports the trade. A break below $40.80 may invalidate a bullish setup.
Additional Thoughts
MACD Crossover: The MACD is showing signs of a potential bullish crossover, which could indicate a short-term upward momentum shift. However, volume confirmation would be crucial for any sustained move.
Volume Analysis: There was a recent increase in sell volume, which may warrant caution. Watch for buy volume to confirm a reversal.
Disclaimer
This analysis is for educational purposes only and should not be considered financial advice. Trading involves risk, and it’s essential to conduct your own research or consult a financial professional.
I CALLED THE $PLTR TOP! Down 8% since. Here's where we are goingNYSE:PLTR
CALLED THE NYSE:PLTR TOP AS WELL! Down -8% since. Here's where we are going
The thesis explained below:
1.) Williams R% had a down slop if you drew a line from the 01JUL2024 top to the most recent 21OCT2024 top. It hit this top 4 times since the first one and everyone was lower indicating resistance and lower tops.
2.) You have a Multi-year CUP on the weekly without a handle formed. We need to form that handle before we go higher that coupled with valuation and the stock price getting ahead of the company's numbers is another reason that plays into this.
3.) The handle would be a perfect little handle with a Volume profile gap fill down to the next volume shelf at $36.50-$37.50.
4.) RSI was in overbought area and finding multiple tops with resistance. Also, it was hitting and rejecting off the same top as previous ATH's back in Jan2021.
5.) Double top on the stochastic and red through yellow downward.
6.) Just shows the date I called it out which was Sunday. Also, time stamped on my repost here. 😁
Thanks for reading! I hope you enjoyed my reanalysis of a thus far predicted pullback. It may not hit my target but that's not the point. The point is being able to realize when something is lining up to turn against you or turn with you to the upside. Also, to realize the fakeouts in the market like what I believe the pullback is on the NASDAQ:QQQ which I made an in depth video going into depth about just like this one. It's pinned on my profile if you haven't seen it yet.
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PLTR: A Dangerous Top Signal Appears!Key Observations:
Daily Chart (Left)
Inflection Point: The price has fallen back, approaching an inflection point around $40.36 after failing to sustain momentum above the recent high at $45.00. This area could act as a short-term support, and any further weakness below it could signal a potential shift towards bearish control.
EMA Support: The daily chart shows the 21-day EMA as a potential dynamic support near the inflection point. There is still time for PLTRT to react, but for now, there is no bullish signal around.
Weekly Chart (Right)
Bearish Engulfing Pattern: A bearish engulfing candlestick pattern has formed near the all-time high around $45.00, signaling potential bearish reversal pressure at a major resistance level. This pattern often suggests that sellers have overwhelmed buyers, which could lead to further downside or at least a consolidation phase. According to Bulkowski's studies, a BE reverses the trend 79% of the time, so it is a quite powerful candlestick pattern, and we shouldn't ignore it (Encyclopedia of Candlestick Charts).
Long-Term Uptrend: Despite this bearish signal, PLTR has been in a strong uptrend on the weekly chart, supported by the 21-week EMA, which is currently below the price. Any correction from here might still be viewed as a pullback within a broader uptrend unless key support levels break down.
Conclusion:
PLTR's chart shows short-term bearish signals, particularly with the bearish engulfing pattern near the all-time high. Watch for support around $40.36 and the 21-day EMA as critical levels for short-term sentiment. The long-term uptrend remains intact, but this could be a phase of correction or consolidation. In order to avoid a bearish scenario, PLTR needs to react, above the $40, and break the $45, maintaning the price above this level on the wekly chart.
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.
PLRT Technical analysis for Oct. 30, 2024Price Action and Support/Resistance Levels
Support Levels:
$44.04: This level has been tested multiple times recently, showing strength as a near-term support.
$42.06: Major support, which has been previously tested, could serve as a strong base if prices drop below the upper levels.
Resistance Levels:
$45.22 to $45.50: This zone seems to be a significant resistance area where price has recently consolidated and tested several times.
$45.75: An immediate resistance level with potential for a breakout.
Entry/Exit Points
Scalping:
Long Entry: A breakout above $45.50 with confirmation (high volume and candle close above resistance) could provide a quick scalping opportunity. Target levels would be $45.75 and $46.00.
Short Entry: A rejection near $45.22-$45.50 with decreasing volume could signal a short opportunity. Exit points could be $44.50 and $44.04.
Swing Trading:
Long Entry: If price holds above $44.04 and breaks out above $45.50, a swing trade to the $46.50-$47.00 zone could be considered.
Short Entry: If price breaks below $44.04 with momentum, a swing short targeting $43.00 or even $42.06 is a possibility.
Expected Direction
Given the consolidation near the upper resistance levels, PLTR may attempt to push higher if it clears $45.50. However, failure to break out could lead to a retracement toward support levels, especially if broader market sentiment is negative.
Disclaimer
This analysis is for informational purposes only and not financial advice. Trading stocks carries risk, and past performance is not indicative of future results. Always conduct thorough research and consult a financial advisor before trading.
PLTR Technical Analysis for Oct. 29, 2024Ascending Channel: PLTR is trading within an ascending channel, which suggests an upward trend. The upper and lower boundaries of this channel are marked by the white trendlines. If it holds within this channel, it may continue trending up.
Key Levels:
Resistance: Around 45.75, as marked by the upper red line, has acted as a resistance level, where price has faced rejection multiple times.
Support: Near 44.68, where the price has been consolidating. If this level holds, it could serve as a springboard for an upward move.
Additional Support: Around 42.06, which is a stronger support zone. A break below 44.68 could lead the price to test this lower level.
Volume Analysis: Volume spikes align with moves toward the upper channel, indicating buying interest. However, recent volume appears lower, suggesting indecision or consolidation before the next major move.
Momentum Indicator: The MACD at the bottom reflects a neutral position, implying balanced buying and selling pressure. Watch for a crossover or divergence to signal a potential shift.
Outlook: If PLTR breaks above the 45.75 resistance, it may continue to rally toward 47. However, if it breaks below the 44.68 support, look for a potential retracement towards 42.
Monitor the channel boundaries closely. A breakout above the channel could signal bullish continuation, while a breakdown might indicate a reversal or deeper pullback. Let me know if you’d like a more detailed analysis.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider consulting a financial advisor before trading.
Palantir is set for the next leg of the move?Palantir is set for the next leg of the move?
IMO YES!
Breaking out of the All time high with strong and quality momentum
Strong: 3 ranked in terms of 12 month Rate of Change just behind NYSE:VST NASDAQ:NVDA
Quality: Smooth path to all time high this year.
Disclaimer: Not financial advice.
PLTR Technical Analysis for Oct. 28,2024Here’s a technical analysis for PLTR ahead of tomorrow’s trading session:
Trend and Price Action: PLTR shows an uptrend with a strong upward move recently, consolidating just below resistance levels. The trendline in place could act as dynamic support if there’s a pullback.
Support and Resistance Levels:
Resistance: Key resistance lies around $45.07, and a break above this could signal further bullish momentum, targeting higher levels in the $46-$47 range.
Support: Immediate support is around $43.67, with a stronger zone near $42.50–$42.06, where buying interest may step in.
MACD Indicator: The MACD appears to be approaching a crossover point. A bullish crossover could reinforce upward momentum, while a bearish crossover might indicate consolidation or a pullback.
Volume: The recent increase in volume aligns with upward momentum, signaling buying interest. However, if volume decreases during consolidation, it could suggest an imminent breakout or breakdown.
Suggested Strategy
Bullish Scenario: If PLTR breaks above $45.07, consider entering with a target of $46, with stops below $44 for risk management.
Bearish Scenario: If PLTR retraces, look for support around $42.50–$42.06 to consider long entries. A breakdown below $42 could signal a change in trend.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a professional before making any trading decisions.
Palantir Due for a Pullback?Back at its original all time high back in 2021 but looking over extended with earnings not too far away. Both MACD and RSI looking expensive.
Palantir UpdatePalantir made a new high on Friday which could mean a couple of things. According to the white count, the first is that the wave (iv) was really short and shallow. If the relationship between wave (ii) and (iv) is to be standard, then this is most likely NOT the case. Should the white count prevail, then we would ideally target the 1.0 @ $57.07 to conclude wave 3 before kicking off wave 4, targeting the 0.786 @ $43.16.
The turquoise labels suggest that we're within wave (iii) still. If this is the case, then then we would still target the 1.0 followed by a drop to the 0.786. The main difference is what degree the count is in, and what comes next. If turquoise prevails, then I would expect it to follow the turquoise line to conclude wave 3 before wave 4 would ideally take us back down to the area of the 1.0 @ $57.07.
In short, the white wave 3 targets the 1.0 @ $57.07, while the turquoise count targets the 1.382 @ $93.95 for the conclusion of wave 3. We will know in the days / weeks to come, but these two counts are the most probable to me at this time. Both have the same longer-term target; they just differ on how we get there.
Palantir ($PLTR) IT MIGHT FINALLY BE TIME FOR A PULLBACK! 5 RY:NYSE:PLTR IT MIGHT FINALLY BE TIME FOR A PULLBACK!
Retail investors don't hate me for this. I'm a shareholder, too! DIP BUY INBOUND?!
5 REASONS WHY:
1⃣ We have DIVERGENCE on the Weekly Chart
2⃣ We have Volume Profile Gap Down
3⃣ It's a TRIM according to my Valuation Metric Tool (0/6 score)
4⃣ Top 5 gainer in AMEX:SPY
5⃣ Have a SIP and find out by watching. 👇
Stay tuned for more!🔔
Like ❤️ Follow 🤳 Share 🔂
Will Palantir finally have a pullback? What price would you like to load up on more shares?
Not financial advice.
Is Palantir in a Danger Zone? We will see after the report... Palantir is about to announce its quarterly report.
As we analyzed in the last report, the price reached its highest point after several years, but after reaching this liquidity zone, it had a pullback as we announced before.
However, Palantir is showing strength in this area, and we ended on the last candle where it will attempt again to surpass this liquidity zone with strongly.
Will it succeed?
I believe Palantir has the volume to continue moving a bit higher, but at this point is entering an area where the upward momentum is slowing significantly. On one hand, we’re seeing a double-top forming, and the candle hasn’t fully formed yet. We need to wait and see if the next candle shows liquidity. If so, we should be cautious about the wick length, as that could signal trouble for Palantir.
so with the earnings report approaching, there is a lot of uncertainty, which may make it difficult for the price to break this liquidity zone.
We should stay alert this November 4th. Palantir has excellent fundamentals, but its recent reports have barely exceeded analysts' expectations. If this report misses even by a small margin, I think we could see a significant drop due to the stock being heavily inflated.
Here are Palantir's latest results:
Nov 02, 2023
2023 (Q3)
Analysts = 0.06 / Reported = 0.07 (BEAT)
Feb 05, 2024
2023 (Q4)
0.08 / 0.08
May 06, 2024
2024 (Q1)
0.08 / 0.08
Aug 05, 2024
2024 (Q2)
0.08 / 0.09
Nov 04, 2024
2024 (Q3)
0.09 / (Mon, Nov 4)
Thank you for supporting my analysis.
TRADE SAFE!
Best regards!
PLTR short updated, parabolas dont last foreverPLTR I have been waiting for this trade for a while now. 40$ is a great psychological level, the stock is tremendously overvalued whether youre a fan or not. I personally do not like the company nor do I generally trade it. Much like my TSLA short I just did that played out nicely here we are again on an overheated cult stock rising into resistance and an important fib. I have started to enter an aggressive November 32$ strike put position. The stock is riding the top of the bollinger bands, it has run away from all the EMAs and from the already aggressive trend (teal). I think we at least revisit this weekly demand zone. We should print a rejection candle next week but maybe the market just continues this insanity higher.
My plan is to continue adding 32$ puts if we dont see this happen Monday. I will then add spreads likely December 35s for a little safer ride. I expect at least a 20% correction here maybe closer to 25%.
PLTR - Take The Money And RunIts been a long time since my client entry for PLTR back at $7 .
And now the ATH resistance is approaching.
...
PLTR printed a very tidy descending channel with strong bullish RSI divergence in the bear market.
And it had a strong breakout.
But in the uptrend it has printed an ascending channel and that is a little sign of weakness.
Of course it has then continued on up with a very strong uptrend...
But often you do get blow off phases out of ascending patterns.
And that becomes a bull trap shakeout.
From there the pattern collapses below the lower trendline:
And so that is what I think is the most probable outcome here:
This is a blow off phase and at some point down the road PLTR will fall below the lower ascending trendline.
Other factors that signal a top here are the RSI that is oversold on every time frame from the hour chart to the 3 month chart.
And it is just touching into the 2 point 1.618 extension Golden Window (1.618 - 1.786).
So this is the sell zone here and I have begun profit taking.
Once it hits ATH there may be significant sell pressure as many traders will exit there.
And in the end it may get up as high as the 1.786 overshoot ratio @$53.
But for me this trade is close to complete here.
Its been a really great run.
Title is a lyric and none of this content is advice
Up-swing channelA nice up-swing channel formed for PTLR.
This is another AI company with real business case.
PLTR almost completing rounding bottomUptrend and Bullish. So far no sell signal since first breakout in Mar 2023
Successfully breaks resistant and formed new support at 20 and 30.
Turtle, MCDX and FIFT parameters are still BULLISH except there's sign of Bearish Divergence in FIFT where buying Volume seems weakening (It's a sign, Not a Signal - Hold).
Support 30-32, Next target 40, 45.
$PLTR - all time highs incomingPLTR - holding that 9 EMA line and making a move towards all time highs. Stock is strong on indicators with earnings early next month. could see breakout of $45 soon for a move towards $50. Stock is possibly forming ascending triangle break out pattern.
Palantir Short Term CorrectionPalantir is super overbought on higher time frames!
Expecting rejection from 45$ level , into an ABC corrective wave leading to $30.
Lets see!
PLTR Technical Analysis for Oct 24, 2024:Resistance Levels:
43.49 - 43.68: This zone is a key resistance level where price has previously struggled to break above. If PLTR can push through this range, it may open room for a move towards higher levels. Look for potential bullish continuation above this level, but watch for rejection signals around 43.68.
Support Levels:
42.25: This is a crucial support area. If the price pulls back here, it may provide an opportunity for a bounce. Failure to hold this level could lead to a further decline.
41.62: This lower support should be monitored closely. A break below this level could trigger additional selling pressure, potentially setting up short opportunities.
Trendline:
The upward-sloping trendline is providing support, indicating that PLTR is still in an uptrend on a larger scale. As long as the price stays above the trendline, the bias remains bullish. A break below this trendline would signal potential weakness and a shift in trend.
Volume and Momentum:
Volume shows some bullish momentum, with buyers stepping in after a pullback. However, momentum indicators appear neutral at the moment, suggesting indecision. It’s important to watch how price behaves near key levels for confirmation.
My Thoughts for Tomorrow’s Trading:
For scalpers, focus on quick trades between 42.25 (support) and 43.49 (resistance). If PLTR breaks and holds above 43.49, it may provide an opportunity for a long trade targeting 43.68 and beyond.
For swing traders, consider going long on a retest and bounce near 42.25, or short if price breaks below the 41.62 level.
Stay vigilant for volume spikes and price reactions near these key levels.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and use proper risk management when trading. Trading involves significant risk, and past performance is not indicative of future results.
PLTR: An Inflection Point Below the ATH!Daily Chart (Left):
Resistance at $45: The price is near the all-time high level of $45. This is a significant resistance level where the stock may face selling pressure.
Support at $40.36: Immediate support lies at $40.36, which has been tested recently. This level could act as a key support zone if the price pulls back further, but it is also a possible bearish pivot point. If PLTR loses this key point, it could trigger a bearish reversal.
21-day EMA: The price is above the 21-day EMA, reflecting the ongoing bullish trend. The EMA has been acting as dynamic support for the stock during the recent uptrend. In addition to the $40.36 support line, this makes the area around $40 a double support level, reinforcing the importance of this key point.
Weekly Chart (Right):
Hanging Man Formation: The weekly chart shows a potential "hanging man" candlestick pattern near the all-time high, which can sometimes signal a bearish reversal if confirmed by further downside action. This formation suggests caution, as it could indicate that the bulls are losing momentum at these elevated levels. However, more often than not, this pattern acts as bullish continuation, according to Bulkowski's studies.
Trend Strength: The price has been in a strong uptrend, supported by the 21-week EMA. Even though the hanging man pattern raises concerns, the overall trend remains intact unless there’s a significant breakdown below support levels.
Conclusion:
PLTR is near a critical resistance zone of $45, which aligns with its all-time high. The daily chart still shows bullish momentum, but there is a possible pivot point at $40 that could reverse the trend. A successful breakout above $45 could lead to further upside, as the bullish trend continues. For now, we should watch for confirmation of the hanging man pattern, and if it'll lsoe our key support area before considering any bearish positions.
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.
HFTs gaps: Learn how to enter a stock before a huge gap up.High Frequency Trading companies are market makers/takers that provide liquidity for the public exchanges, and they now use AI. HFTs have a huge impact on your profitability. You can make higher profits from trading ahead of the HFT gaps and riding the momentum upward or downward.
In this short video, you'll learn some basics on how to identify the patterns that precede HFT gaps, which I call Pro Trader Nudges . Learn what to look for in Volume patterns and pre-gap price action.
Make sure you are not chasing HFTs but riding the wave of momentum they create, just like professional traders do.
