PLTR: Example of how to do a Bullish Thesis.
Hello traders and investors! Let’s see how PLTR is doing today, do a complete Multi Time Frame Analysis (MTFA), and I'll share with you my bullish thesis on it.
First, in the 1h chart, we see a strong bull trend, and PLTR is just doing higher highs/lows without a rest. The 21 ema is pointing up, and there’s nothing indicating that it’ll drop.
Only if we lose the purple trendline in the 1h chart we might see a decent pullback in the daily chart, but for now, we have no bearish confirmation, and the trend is 100% bullish.
In the 1h chart, it seems we have a Cup & Handle chart pattern, and the target of this pattern is the $ 27.47. Even if PLTR does a pullback in the daily chart, let’s say, to its 21 ema, the trend would still be bullish in the mid-term, and wouldn’t change our bullish thesis.
The $ 27.47 is another key point. It is not just the target of this Cup & Handle, but it is a pivot point in the weekly chart:
If PLTR defeats the $ 27.47, there is no other meaningful long-term resistance other than the $ 45. What’s more, the chances of a breakout are very high, and this is evidenced by the volume, which has been increasing a lot in the past few weeks.
We have more targets to work with in the mid-term, like a gap at $31.34, but if you aim for the long-run, PLTR is a fantastic stock to own, given all the patterns it has been doing. And this is how we build our thesis, based on technical analysis (or fundamentals), not on what we "think", "believe" or "guess". Nobody else's opinion matters, not even mine. Only the charts matter.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped!
Have a good weekend!
First, in the 1h chart, we see a strong bull trend, and PLTR is just doing higher highs/lows without a rest. The 21 ema is pointing up, and there’s nothing indicating that it’ll drop.
Only if we lose the purple trendline in the 1h chart we might see a decent pullback in the daily chart, but for now, we have no bearish confirmation, and the trend is 100% bullish.
In the 1h chart, it seems we have a Cup & Handle chart pattern, and the target of this pattern is the $ 27.47. Even if PLTR does a pullback in the daily chart, let’s say, to its 21 ema, the trend would still be bullish in the mid-term, and wouldn’t change our bullish thesis.
The $ 27.47 is another key point. It is not just the target of this Cup & Handle, but it is a pivot point in the weekly chart:
If PLTR defeats the $ 27.47, there is no other meaningful long-term resistance other than the $ 45. What’s more, the chances of a breakout are very high, and this is evidenced by the volume, which has been increasing a lot in the past few weeks.
We have more targets to work with in the mid-term, like a gap at $31.34, but if you aim for the long-run, PLTR is a fantastic stock to own, given all the patterns it has been doing. And this is how we build our thesis, based on technical analysis (or fundamentals), not on what we "think", "believe" or "guess". Nobody else's opinion matters, not even mine. Only the charts matter.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped!
Have a good weekend!
🔴 Only 5% of traders manage to beat the market.
👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
