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Palantir

PALANTIR May fractal points to $24.50 before years end.Palantir (PLTR) a week ago above the top (Lower Highs trend-line) of its medium-term Descending Triangle pattern, and has been basically consolidating this whole week but notably on a series of (minor) red candles. This is similar to what turned out to be a Bull Flag pattern of May 10 - 15. Surprisingly, the stock had also broken above the Lower Highs trend-line of its Descending Triangle at the time, and with the support of the 1D MA50 (blue trend-line), it registered a remarkable (almost) +180% rally on the August 01 Top. Although in order to attract a rally of equal proportions, a strong fundamental catalyst would be needed, we can deem the 1.5 Fibonacci extension, a feasible technical target by the end of December, as it can even be within the borders of a Channel Up. As a result, as long as the 1D MA50 is supporting, we have a medium-term target at $24.50 on PLTR. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
PLong
by TradingShot
PLTR | Palantir Technologies | 2 Towers and more | BuyThis is a follow up of Palantir after my last PLTR trade was closed some weeks ago. The former ideas lead to 5 positions which resulted in (+94.21%, +90.81%, +63.10%, +41.22% and +28.84%). If you want to check them out here are the links: ( +90.81%) (4 postions | +28.84%, +41,22%, +63.10%, +94.21%) As the next report for earnings and revenue is tomorrow i expect some volatility kicking in. If take a look at past days they always caused some volatility. It is to note however that the kind of reports (positive or negative earnings) never gave a hint in which direction it would go only that some volatility was coming in. Next thing to mention is the weakness of price, as it failed moving to the 50% of the Fib. See the red circle. A big sell- out followed that weakness. There are currently 2 scenarios which i´m looking for. Scenario 1 (Orange arrow) Requirements: Price falling below S/R Level 2 and S/R Level 4 but retaking them after. Target: Slightly below the 50% Fib, thats also the area where the last big sell-out started and caused the recent uptrend to stop. (+40.32%) Entry: Retake and a daily close above Stop- Loss: None (Long- term hold) Invalidation : Price cant retake the mentioned levels or price never falls below it Scenario 2 (Blue arrow) Requirements: Price falls into buy zone 1 Target: Slightly below the 50% Fib, thats also the area where the last big sell-out started and caused the recent uptrend to stop. (+40.32%) Entry: See Requirements Stop- Loss: None (Long- term hold) Invalidation : None (Long- term hold) Good luck Disclaimer: - My posts are mostly for my own journaling - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
PLong
by a_tale_of_bulls_and_bears
Palantir | Long | Saruman wants it backThis is a follow up of my previous Palantir analysis. (See related ideas). Read it if you want to know where i placed my buy orders. The original swing created a range in which price kept moving around (mostly above the 50%) - which indicates to me in general upwards strength. With the range high taken out, price constantly moved between the upper resistance level and the 50% before breaking down. As the range low was now taken out i see a retest of the 50% and or even break above it. A small obstacle to overcome is the lower resistance level - which i think will hold price for a short period of time down. A very conservative target to close the position atleast parts of the position would be the lower resistance level Additional: The orange markins are engulfs of range high or support / resistance levels Good luck Disclaimer: - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
PLong
by a_tale_of_bulls_and_bears
6
"A Dangerous Tool" - Palantir Rally Ends w/ 6.66:1 Short A detailed look at the weekly price action history of PLTR indicates that the recent rally has come to end ... but I've been wrong before, so I welcome your tough questions and chart-based counterarguments. The strongest confluence supporting my conclusion is the simultaneous retest of the Euler Trend Exhaustion Limit and the 2nd Standard Deviation of the VWAP anchored at the Swing Low. As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. In this case, it is the last of those, TREND EXHAUSTION, and specifically the use of Euler's number as a ratio in the Pitchfork to estimate the major inflection points in advance, that makes this chart unusual, and explains why it must be viewed in the weekly timeframe. This technique has appeared before (Bluzelle, for example) and will appear again in my ideas and videos. Notice how price interacted with the Limit before, when it passed thru it for the first time in August of 2022 ... The Short position is placed in the future, as I expect price to range and even retest the aforementioned AVWAP one last time before falling into the trade. If you zoom in carefully, you will notice that the Stop Loss and Profit targets are discretionary and based on dynamic levels within the AVWAP Array. The Risk:Reward ratio is arbitrary, and 6.66 is merely a measure of my esteem for this beastly "business" and the product that it sells. As Gandalf said, "If all the Seven Stones were laid out before me now, I should shut my eyes and put my hands in my pockets." The overlapping S-Curves indicate a price squeeze followed by a breakout, which I anticipate will be upward. If price rise to the highest potential shown, that would only improve the Short entry as opposed to negating my opinion, which is, of course, subjective. The fact that this company and others like it (BAH, for example) are so enthusiastically traded by a sheltered public foretells of a troubled future, which I look forward to discussing in forthcoming livestreams. Again, I welcome your best questions. Until then, be liquid !!! . . . movie-sounds.org
PShort
by TheLeadingIndicator
4
PALANTIR Held the Support but H&S looms. Trade with breakouts.Palantir is trading sideways the past 6 weeks keeping the 1D technical outlook neutral (RSI = 47.834, MACD = -0.450, ADX = 41.012). It held once again the S1 Zone and this is certainly bullish for the short term especially en route to the R1 Zone, but unless invalidated, this is the formation of the RS of the the Head and Shoulders pattern. Having crossed under the 1D MA100 last week, enhances the selling sentiment, especially as long as the 1D MA50 acts as Resistance. Scalping is favored inside R1 and S1 but long term trades can be taken outside of this range. Under the S1 Zone, we will sell and according to the H&S we will target the 1D MA200 (TP = 12.00). Over the R1 Zone, the H&S gets negated and we will buy, aiming for the R2 level (TP = 20.00). A somewhat similar pattern from February to May broke higher after the dashed Resistance broke following a price hold on the S1 level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
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by InvestingScope
6
A giant H & S for PalantirNYSE:PLTR has been one of the starts of the AI mania in the last months. The price formed a giant head & shoulders for a reversal. If NASDAQ:NDX looses the support from here, we may see a strong sell rally. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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by WhaleGambit
2
PALANTIR Next break above the 1D MA50 is a buy signal.Palantir (PLTR) has been trading within the 1D MA50 (blue trend-line) - 1D MA100 (green trend-line) range since August 09. This consolidation is technically the bottom formation near the Higher Lows trend-line of the long-term Channel Up. Last time the price traded below the 1D MA50 for that long was from November 17 2022 to January 17 2023. The 1D RSI sequences between now and then are indentical on Channel Up patterns. Onve the price broke above the 1D MA50 for the 2nd time, it started a rebound that peaked within the 1.236 - 1.382 Fibonacci zone. As a result, we will wait for as long as it takes (most likely will be very soon) for one more break above the 1D MA50 in order to buy and target $22.35 (1.236 Fibonacci level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
PLong
by TradingShot
4
$PLTR Double bottom w/Head & ShouldersNYSE:PLTR Double bottom w/Head & Shoulders. ( NYSE:PLTR ) stock. Let's break down the patterns. 1. **Double Bottom:** A double bottom is a bullish reversal pattern that appears after a downtrend and is characterized by two consecutive lows at approximately the same level, separated by a peak in between. The price then breaks above the peak, indicating a potential reversal of the downtrend. 2. **Head and Shoulders Pattern:** A head and shoulders pattern is a reversal pattern that consists of three peaks: a higher peak (the head) between two lower peaks (the shoulders). This pattern suggests a transition from an uptrend to a potential downtrend. The neckline is a horizontal line that connects the lows between the shoulders. A breakdown below the neckline is often seen as a confirmation of the pattern. It's important to note that while these patterns can provide insights into potential price movements, they are not foolproof indicators and should be used in conjunction with other forms of analysis and risk management. The interpretation of these patterns can be subjective, and they may not always lead to the anticipated price movements. Furthermore, market conditions can change rapidly, and patterns may evolve or reverse unexpectedly. It's advisable to consider the broader market context, fundamental analysis, news, and other factors that could impact the stock's price. Always exercise caution and ensure you're making informed decisions based on a well-rounded understanding of the market and the asset you're trading or investing in.
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by AlgoTradeAlert
Palantir - Fear Worshippers of The All Seeing EyeI have to say that Palantir is a really difficult chart to read. On the one hand, looking at monthly bars, it's the kind of pattern which indicates new highs are in store. Weekly bars are about the same. Nothing about this says you can short. And its only that there's some divergences on the daily. But those divergences are really meaningful. However, at the same time, although it's up some 220%+ from the bottom, the bottom did take out the IPO low, which is not bullish. And these high prices are coming at a time when the Nasdaq and the SPX may very well have topped, which I address in my latest call: SPX - The Sound of a Shattering Iceberg Palantir is a company that is ostensibly a key component of the panopticon surveillance network that underlines the International Rules Based Order's version of the Chinese Communist Party's social credit system. At least, this is what rightists would tell you. If you asked the people behind the West's implementation of social credit, they would say they just seek to advance an enlightened society while keeping stability and security under control, and big data collection is crucial to that. Well, if you ask CCP members, they would tell you the same thing, just coated in Marxist jargon. And therein lies the problem. Mankind needs to return to its 5,000 year old traditions, which were reared and established over China's long dynasties, instead of trying to go Big Atheism and reinvent The Wheel. Regardless of if Palantir at its current $37 billion valuation is a part of the future or a part of the past and gone with the wind, the last three months of trading have been totally one directional. Which makes wanting to get short very deadly. However, conditions for a short setup that is at least a scalp were formed with the July high on the 19th. The reason for this is that price swept a key level and was met with a stiff rejection, taking a pivot. All on its own, in the stock market with the way it just likes to go uppy or grind sideways, this makes shorting or puts hard, still. But what we saw is daily candles double bottom at precisely $16.00, with Friday's trading session being yet another big green gainer on the back of such a bottom. And so, as Buffet said, one should be fearful when others are greedy, and greedy only when others are fearful. So the trade is to short somewhere between where we closed on Friday and over $18. When another dump occurs, where it dumps to will tell us everything about the future. If Palantir is truly bullish to more upside, it will preserve the June low at $13.56. If it's really bullish, it should even preserve the July low at $14.62 If it's bullish, but is going to take until 2024 to go higher, we can expect prices under $12. If it's bearish, prices under $11 are the target, with an all time low on deck and about to hit everyone on the face. Which do I think is the most likely? Frankly, probably a dump under $15 and a new high in August. There's no other way to put it or look at it at the moment. For things to be different, you'd need something like a banking crisis to intervene in the markets, a prospect I undertake here: Charles Schwab - The Harbinger Of The Next Crisis? I believe that, all things considered, the risk side of the trade right now is people who are longing this top, regarding it as a dip to buy, expecting more highs. Because people have capitulated, become greedy, and have taken their eyes off the clock. You should remember that you're just standing in an equities bear market rally while central banks have their key rates pinned over 5% and no intention to cut. This is bad news for stocks, and yet people are being told indexes are set to make a new all time high. Repricing to the downside can come violently, aggressively, be gappy, and will give those on the wrong side of the trade no chance to get out. Be very careful.
PLong
by LordWrymouth
4
PLTR - Buy orders - Saruman aint having it 3 Buy orders General Palantir is in a downtrend and generated a lower swing compared to the recent swing low. However we are close to the start of all time low. Also in my opinion its due for some uptrend. 3 buy orders placed. First will be executed now. Target Next resistance level (level 1). Confluence with the recent swing low. Requirements - None, just hitting the orders Invalidation / SL - None Stop- Loss - None Time duration Days, weeks, months, years... ;) Good luck
PLong
by a_tale_of_bulls_and_bears
Upper space of PLTR stock has been opened!Upper space of PLTR stock has been opened! This chart shows the weekly candle chart of Palantir stock from the end of 2020 to the present. The top to bottom golden section is superimposed in the figure. As shown in the figure, Palantir's stock has broken through the 2.000 level of the golden section in the past three weeks, and its previous low point was at the 2.618 level of the golden section in the figure! So, the next strong pressure on Palantir stocks is around the 1.618 or 21.53 position of the golden section in the graph!
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by Think_More
PLTR Palantir Technologies & the Cyberwars If you haven`t bought PLTR shares in the buy area: Then you should know that Palantir Technologies builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. While they do have offerings related to cybersecurity, their primary focus is on providing data integration, analysis, and management solutions across various industries, including government, finance, and healthcare. In light of the recent news regarding cyberattacks on multiple U.S. government agencies, it is reasonable to expect an increased focus on cybersecurity measures, which could potentially benefit cybersecurity stocks in the market. These attacks highlight the vulnerabilities present in the software systems used by government entities, underscoring the urgent need for robust cybersecurity solutions. The fact that the U.S. Cybersecurity and Infrastructure Security Agency is actively investigating the breach indicates the seriousness of the situation and the government's commitment to addressing these security threats. As such, there may be a heightened emphasis on strengthening cybersecurity infrastructure and investing in advanced technologies to defend against future attacks. Furthermore, the reported involvement of a Russian-speaking hacking group known as CLOP in previous attacks serves as a reminder of the persistent and evolving nature of cyber warfare. This continuous threat landscape necessitates ongoing innovation and investment in cybersecurity. Considering these factors, cybersecurity stocks have the potential to experience an upward trajectory. Companies specializing in threat intelligence, network security, endpoint protection, and data encryption could be in high demand as organizations and governments seek to fortify their defenses against cyber threats. My Price Target for PLTR is $20 by the end of the year. Looking forward to read your opinion about it!
PLong
by TopgOptions