A Major Bearish Head & Shoulder has formed. Short at the crack of the neckline. Remember the measured downside = the height from the head to the neckline which is at about $19. There is is also a MAJOR GAP that needs to be filled at around $17, so watch for a continuation for a sell off after the 1st price target has hit at around $19
The highs of November and December are marking a support zone for Palantir.
On February 5th to the 6th we'd got a window which is still open.
This may support the zone additionally.
The downward momentum is running out of steam.
And we have reached the 62% Fibonacci level.
NYSE:PLTR is ready for a breakout and possible continuation of waves. Applied previous earnings range to the prediction. Only thing that could make it break downwards is an SP:SPX correction in my opinion
I think PLTR will have taken advantage of the recent demand they've been getting. Closing deals thanks to bootcamp's.
After this current move to the downside, we're nearing oversold territory on the daily and ready to cross upwards over the zero (0) line on the Chalkin Oscillator. Technically, potentially, we're looking at a positive price reversal.
The...
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...
I have been waiting for a correction in the stock since selling out of it in early February. There has been a couple of months long distribution pattern formation and now a confirmed breakdown this week. I had been short for a couple of weeks and second guessing myself a few times because bulls were heavily defending the neckline for H&S pattern. It almost formed...
Weekly chart Uptrend, Bullish and Strong Bull.
No sign of bearish divergence.
Pullback with lower volume after previous second slow Turtle Buy signal this year.
MCDX Banker dominating the chart and Bull FiFT is strong.
Bull is health as long as the price stay above 17.
Plan to further buy at 20-22 zone.
Cathie Wood's Ark Invest, renowned for its bold investment strategies and forward-thinking approach, made significant moves in its portfolio ahead of Palantir Technologies Inc.'s ( NYSE:PLTR ) Q1 earnings announcement. With an eye on emerging trends in AI and technology, Ark Invest seized the opportunity to bolster its holdings in Palantir ( NYSE:PLTR ) and other...
PLTR is bearish on its 1D technical outlook (RSI = 33.299, MACD = -0.640, ADX = 35.931) as it trades under its 1D MA50 and today reached the 1D MA100 for the first time since February 5th. Even though the 1 year Channel Up still has some downside to bottom on its 1D MA200, this is technically the best buy opportunity since the January 31st low as the 1D RSI...
NYSE:PLTR (Palantir Technologies Inc.) In my March 20 post, I mentioned that it might be forming a head and shoulders (H&S) pattern. Fast forward, the head and shoulders pattern is complete, and it is breaking down.
$20 area could provide a good support.
The full measured move for the head and shoulders is around $18. The RSI (Relative Strength Index) is close...
I've put a lot of thought into this one. This chart is in log mode as the wide range of prices covered are smoothed and reveal the potential true picture. I give a primary bullish scenario but caveat with multiple different potential outcomes given certain price actions. Trade at your own risk.
As you can see, PLTR put in a significant top near the 61.8%...
possible long entry on further dips in price while riding the overall uptrend could be beneficial in the long run.
16.48-18.08-18.93 would be ideal price targets on the way down setting up some possible limit buy orders or put options if one believes pltr could fall further or this is the bottom and its time to load the boat?
The rise since March 5th has been retraced and the momentum is renewing.
There is not much ore to say. The upward trend that has begun in February is by far not expired and so I think that I can expect a short term retest of the March top.
PLTR services DOD and military contractors which is a growth industry given current geopolitical
backdrops. I see this as an opportune time to buy the dip which is a healthy correction from
a recent trend up. The idea is illustrated on this 120 minute chart with targets and stop loss.
The November top seems to be a harder resistance than I thought. I am making a little bet on the attempt to test the open window of 5-6th February.
There is no momentum to the upside at moment.
Looks pretty much a h and s break confirmed with sort of rising wedge breaking down as well. looking at the gap below, I set three targets .
purple area is a consolidation zone for pltr.
I like plrt stock, but for now i am bearish. long term - defnitely a good stock to hold.
** Not a financial advice. these are just my personal opinion. **
PLTR has now returned all the way to the level of my first bear forecast of it dropping to under 10.
Almost hitting the second forecast target of under 5 (5.8 low, did miss by a bit).
And now hitting the target level for the long trade from the lows.
We're recently parabolic and spiking out a 1.61 fib. A lot of the times when this will reverse we won't...
