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...
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
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...
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...
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.
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
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.
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?
This is a heavy retail stonk and I've seen a lot of tratooors calling top because Alex Crap was calling shorts coke heads on CNBC. Now we have a classic head and shoulders. Could it be a trap? IDK but it regained the 50 ma today which could act as a launch pad. Worth a long above the neckline and 50 MA to 24 ish. Then a call trigger on ATRs may justify more. I...
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.
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...
IF your an advanced trader and good at charting, you likely won't find this information useful. In the future, I'll have more educational posts that go in depth, but this one is for the newbies.
STEP 1 - Find your gaps (circled in blue) ONLY MARK GAPS THAT HAVE YET TO CLOSE
STEP 2 - MARK your GAPS with a Horizontal Line (alt + h)
STEP 3 - DUPLICATE your...
A H&S has formed on the daily chart, this time it has broken below the neckline that has been succesfully retested with declining volumes during the formation of the pattern. So far a textbook H&S contrary to the previous one i published who never broke below the neckline. The potential drop of roughly 20% would be right on the 19$ GAP area and right around the...
Because it continuously fails the 9day MA; I think the 200day MA (white line) is more likely an entry.
I'm cautiously bullish on NYSE:PLTR but this huge market bullrun this year makes the need for good entries ultra competitive.
I would start buying NYSE:PLTR around $20 (maybe) depending on my capital availability; and I would use short credit puts below $19...
