-7'th Jan is the first Demo date for one of the Palantir Products.
-11'th of Jan is the end of the symmetrical triangle we're trading in.
Symmetrical triangles are typically bullish.
Play #1: If Palantir is as strong as we think it is, there could be bullish hype buildup before the demo. Buy before the hype buildup and sell before or during Demo day to lock in...
PLTR formed an ascending triangle but failed to breakout to the upside. It is still respecting the recent support at around $26.10 though, which is good for the bulls. There is a narrowing of the Bollinger Bands on the 1hr and 4hr charts, which could signify a potential breakout to either side since the candles seem to be ranging around the moving average. MACD...
Hope you are having a wonderful December to remember. Since our extended move last Monday Palantir has been retracing back to the 20 day moving average with strong resistance at $28.40. We were unable to break that level for four days so we had to flush some people to get back to green. My expectation is going into Fridaywe will retest that level of $28.40,...
Lmk what ya'll think about this analysis. PLTR currently taking a break from uptrend, engaged in a elliot triangle wave, currently at (C); i do think it will go to D then E before breaking out; new to chart analysis but I can (kinda) see an ascending triangle also; lmk your thoughts guys thanks
Possible cup and handle on pltr
I do see it getting rejected off the down slopping resistance with a bounce off the 50 MA before breaking down slopping resistance.
After it breaks the down slopping resistance I would like to see it retest the upper resistance as support to confirm short term break to the upside.
Palantir is still in the bullish channel since early November. We are at the bottom and today is crucial for further climb. If we find the support my target is the previous high at 31usd, if the current bullish channel support would be broken today, I expect a drop to fib 1.618 at the 21-22usd support area. Rsi is neutral.
Another trade update on PLTR falling into near term consolidation that might set up another rally that might carry us higher towards 48-52 into 2021. Looking to scale in with more leaps with dots into 24-23 wave 4 support level.
Funny how stock immediately bounced back to/above uptrend line after gapping down, and had since traded ~10D MA.
If the stock were to fill the gap in the coming sessions, the uptrend may start again. If not, beware of another wave of selling pressure.
this is a closer look of the 1H chart that shows the wave analysis described fully here :
please read full idea to understand where i suspect PLTR is going in the next few weeks.
Happy Xmas and trade safe !!!
Palantir Stock Looks Attractive At
$9 <-- TECHNICAL UPDATE = BUY THE DIP...
Palantir Stock Looks Attractive At $9, But There Are Two Key Concerns
Palantir’s Increasing Exposure To Government
While Palantir’s Revenues expanded by about 24% in 2019, growth is likely to pick-up to levels of over 40% in 2020 as Covid-19 related disruptions increased demand for the...