With the rejection of $21, NYSE:PLTR looks set to fall to new lows.
I think it's likely that we're going to sweep the lows at $8 and keep falling from there to a final target of $1-2.
This will likely take place at some point in the back half of 2024 and should present a great buying opportunity once it gets down to those levels.
Let's see what happens over...
Expecting price to retrace to the $17 zone to complete the right bottom shoulder.
The corporate and governmental entities involved appear to have this company well-grounded for success. But DYOR and invest only when that $17 range is confirmed with your favorite indicators, key moving averages, etc.
PLTR
I've decided to go short right here.
Its currently within a reverse extension 1.618 Golden Window from the first wave up.
And that is within the retracement Golden Window.
The current wave up has breached into higher liquidity above the upper ascending wedge trendline.
So as we looked at before, if it tops here it can be a head & shoulders pattern or a...
Although it is coming off a disappointing earnings report, based on technical analysis, Palantir is poised to return to about the $23 level, representing an 8.91% increase from current prices (more if you use call options). Here's the reasoning behind my idea:
1. First off, we look at history. As depicted by the drawings, Palantir is at a very crucial and strong...
Contrary to the recent comments from James Cramer that he "liked" Plantir, every stock has its season ... and appears it's Winter time for this one ... and simply "liking" a stock doesn't mean you should buy it!!
I charted this guy out in about 10-15 minutes after a large iced mocha ;)
Inspiration early in the morning is key; just say'n.
Using key Fibonacci...
Fundamentals:
Develops software for institutions for protect individual privacy and prevent the misuse of information. The only thing that I do not like is the bad earnings stability and the decelerating earnings; but sales have been growing q/q and y/y. Good quality funds are adding.
Technicals:
Daily:
exDiv1 with MACD lines and RSI
a-b-c counter...
IT's strange that this can go UP/DOWN, no definitive path for now.
There is a Gap UP/DOWN
No enough volume to decide
Below 50-day EMA
Below VWAP
MACD also confused
Its better to wait before stepin
We can now count a very nice 5 waves move up from the Dec 2022 low. While there is currently no sign that price has topped, it has hit a major monthly resistance level at around $26.50. Confirmation that a correction has begun would occur when price breaks below the ascending trend line.
Should a correction take place in the coming months, price should at least...
PLTR price action has gone crazy this week. First, the H&S pattern failed when $19 target failed and pushed above the neckline; creating an inverse H&S pattern. The target for inverse H&S pattern almost got hit, but then the post earning shenanigans began. Price has fallen through the neckline once again and if the last low of $20.20 breaks, then it will be...
Palantir reached higher high but now a down move is coming heading to the bottom of green channel
First target will be around 22$ where a bounce can happen
First Slow turtle buy after pullback retest 20.
Weekly chart triggers Fast Turtle Buy confirming Bullish Harami reversal candle
Weekly Chart ->
Retailer weakening. Banker MA staying above Retailer MA
and Retailer MA is curving Downward. Both are good sign for Bull Rally.
FiFT +ve but still LOW.
Can start putting focus back on this ticker.
Start with...
5/6/24 - vrockstar - not gonna short this b/c i agree w the bulls on the "LT" here... but nearly 20x sales, pretty forecastable model and unlikely to "smash" raise limits my interest in a heady tape. keep in my any big upside probably gets distributed/ sold down (there's your short if so inclined/ possibly ex post). any miss or growth reset dumps this 20%...
earnings today and cup and handle formed. possible move up to previous highs with green market. Personally i doubt it going to 40 soon. but technicals showing that area
just learning the technical analysis and this is just a post for educational purpose
If you haven`t bought PLTR before the previous earnings:
Then analyzing the options chain and the chart patterns of PLTR Palantir Technologies prior to the earnings report this week,
I would consider purchasing the 23usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $1.99.
If these options prove to be profitable prior to...
