PLTR: Should we panic now?Hello traders and investors! Let’s see how PLTR is doing today!
First, it lost the ascending channel’s low that we mentioned last week, and this tells us that the bullish momentum is getting weaker. Doesn’t mean a reversal, neither that we are seeing a pullback, but that PLTR is resting.
In this case, we are having a Time Correction (when the price keeps moving sideways, as it can’t drop, but it can’t keep going up either). This scenario is quite realistic and it is a reasonable movement for PLTR right now.
The $ 25.23 is a key point for us, and maybe we can draw a purple trendline that could help us in the future, if PLTR drops more.
We have the idea of an Ascending Triangle here, but in the daily chart we have a Shooting Star just under its resistance, and this is not good. PLTR must deny this pattern quickly in order to not lose to the bearish pattern.
However, this wouldn’t be a reason to panic, as a pullback to the 21 ema would be acceptable, and wouldn’t ruin the bullish trend. My followers bought PLTR with me about a month ago, and I see no reason to panic, chart-wise or regarding the company’s fundamentals.
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PLTR
Palantir is Squished Against ResistancePalantir NYSE:PLTR has squished itself right next to resistance at $25.
What will happen at market open?
Could being added to the Russell 3000 give Palantir enough volume/momentum to make it across this key resistance level?
This close to hit our target! 🤏Yes, PLTR did break the point we mentioned last week, and now it is almost 1 dollar away from our target.
Even with a RSI divergence, PLTR triggered the ascending triangle, and now the 26.22 is our next stop. PLTR is a great company, which I like to trade, but I also invest at it.
For now, I’ll assume it’ll hit our target, unless it loses the 24.68 again. Then I think it’ll correct, and I would probably buy more shares if it does.
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Melissa.
PLTR LONG. To buy now or should wait???Hey friends!
Fundamentally PLTR company is very valuable in my opinion. Despite the fact that their products are very expensive, the company is unique. They have won many government contracts and are becoming a fundamental analytical company already.
In PLTR 2 scenarios for me right now.
1.Nice accumulation since 27 may could release strong impulse. (scenario 1) Could be nice for intraday scalping.
2.Or retest of strong support zone 21,5-23$ could provide price to go higher(H&S pattern). (scenario 2) Could be nice for midterm buyers.
PLTR - LONGBeautiful chart here. Price seems quite suppressed and sitting a huge support level. With all the attention and buying recently from ARK etc ... give this play 6 months to a year and be happy about it.
- not financial advice
What's new on PLTR? 👁👁Ok, PLTR did break another pivot at 24.33, and it hit the resistance at 24.68 again. Now, the situation seems pretty simple: If it breaks the 24.33, then our next stop is the 23.51. If it breaks the 24.68, then we’ll keep climbing to the 26.
There’s an ascending triangle in the 4h chart, and this favors long trades. But we still have an divergence on the RSI, and that’s why I prefer to have a partial position, instead of a complete one, as I already told you guys I would.
If PLTR drops again, it’ll be a chance to complete my position, but if not, that’s fine, I won’t complain 😊. Let’s keep our eyes on the points mentioned and we’ll be fine.
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Here we have some good patterns! 👍Yes, PLTR is doing some good patterns around!
It hit the 23.51, and it went outside the BB, but it quickly went back in. The RSI was around 30 this morning, and this was a very good sign.
PLTR just hit the 20ma that we talked about yesterday, and we have a candlestick called hammer. If PLTR breaks the 24.39 it’ll trigger this pattern, and PLTR might just keep pushing up again.
Since we still have an advanced breakdown in the 4h chart, I prefer to proceed cautiously, and not go all in on PLTR right now, just to avoid FOMO.
If it drops and hit the 22 rea again, then I’ll just complete my position. 😊
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Finally doing something interesting! 🥳Ok, PLTR broke the red line now, no excuses this time, and we have an advanced breakdown on the RSI. This increases the odds of a correction, and this would be great for PLTR.
We have another divergence on the 4h chart RSI as well, but the 20ma is getting closer, and it is at 23.64 rn. This kind of ruins my idea of buying PLTR at 22, but that’s ok. I’m interested at a good risk-reward ratio, not necessarily in buying at the best price possible. We must have different strategies regarding trading and investing, remember this! 😉
I find amazing that the BB are very tight in the 30min, and if we see this in the 4h chart, I’ll be very happy! It feels like PLTR will explode soon! I’ll keep you guys updated every day about it!
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Make or Break Resistance PLTRPLTR is back at another high-traffic area of resistance. There's been lots of accumulation between $24 and $25 over the last week or so. But I have a feeling if it can bust through this level, we might see it go back to retest the lower fib. If it can, though, I'm hoping that the next fib higher around $27 is the mark. I currently have a position in the $24 calls expiring July 16th so we'll see if some momo can't squeeze outta this between now and the next few weeks. Obviously, would love to see $26 tested first. Anyone else have thoughts on the 1-month outlook?
Has gotten caught up in some of the meme stocks hype but not full ape lol. Also had some good news from the CDC renewal this week.
Beign squeezed! 😁Ok, I had to update the trend line, because PLTR lost the first one, but it didn’t do any impressive breakout, but it looks like we have a head and shoulders. The pattern wasn’t triggered yet, so, there’s still hope for us!
The stock is inside an ascending triangle, and at some point, it’ll do a breakout, either from the red line or from the black line.
I would like to buy PLTR if we do a downwards breakout, maybe to the 22 again. Now, the pattern squeezed the price so much, that I believe we can use today’s first candle as our guide.
If PLTR loses the 23.94, it might finally drop. If it breaks the 25.23, then it’ll just keep climbing. We’ll have our answer soon, maybe tomorrow!
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PLTR: What's the target for us here?Hello traders and investors! Let’s see how PLTR is doing today!
First, in the 1h chart, we have a slow movement, but definitely bullish , as we have higher highs/low , the 21 ema is pointing up, and we can draw a trendline that is working as a support for us.
We can also draw another trendline connecting some of its tops, creating a channel. If PLTR defeats the black line at $ 24.84, it seems the $ 26.20 is the next target, a dual-resistance level , as it meets the upper trendline and the next top.
Now, let’s see the daily chart for a better perspective:
I’m not sure if we can call this a V-shape recovery, as the second leg was too different from the first one. Regardless of the pattern, the $ 24.26 was the first resistance on PLTR.
If it drops again, it might retest the 21 ema, or even the black line at $ 21.20 and the trend will remain bullish. In fact, if it drops to the $ 21.20 again, and if it does a good pattern around there, we might see an IH&S in the daily chart, one of the most powerful reversal patterns in technical analysis.
We shouldn’t be worried here, as PLTR is a great company. Personally, I bought PLTR in the last pullback we had, and I bought it around the $ 20s (and my group bought it as well). If it drops, let’s not panic, as pullbacks are just opportunities to buy.
The gap at $ 31.54 is a good target to aim , in the mid-term. If you liked this analysis, remember to follow me to keep in touch with my free analysis, and support this idea if it helped you!
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PLTR - Stronger than ever before! 💪-The end of May brought another positive headline for Palantir (NYSE:PLTR). The big data analytics company inked a $111 million follow-up contract with the United States Special Operations Command (USSOCOM). However, despite this news, the recent performance of PLTR stock has not been impressive.
-Investors should understand that the company is not a one-trick pony. Although the bulk of its contracts are with the U.S. government, it has also built an impressive commercial business side that will only grow going forward. Besides, the infrastructure it is creating will be used a great deal in the future. Our very own Luke Lango reported on all of the exciting developments involving Palantir in a fascinating piece.
Some strategies we can use here! 👀The situation is quite simple on PLTR: We have an ascending triangle, and to the side it breaks, it’ll be good.
If it breaks downwards, which is something the RSI is telling us it’ll do, the 23.50 is the target.
The 4h chart is a little bit more pessimistic, because PLTR has no supports aside from the fibs retracements. I’m not sure if PLTR can drop to the 21.73, but this is what the charts are telling me.
On the other hand, the ascending triangle of the 30mins looks like a pennant in the 4h chart. This is a continuation pattern (most of the time), and PLTR can fly to the 27.50 if it breaks upwards.
So, we must focus on these patterns from now on! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
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Melissa.
PLTR Trading RangeWe see a clear trading range here for PLTR. If you exclude the extreme pop due to wall street bets it is pretty much trading inside the channel.
Until we see a clear break from this trend we can assume it will continue.
PLTR Downward Channel BrokenWith tech indices gaining much-needed momentum last week, lower bond yields helped push Palantir past a key level in price action. Since December of 2020, PLTR had been trending in a downward channel- with lower lows and lower highs being established. On June 2nd, the price seemed to have broken out of that channel and may indicate a reversal in price action if bond yields can continue to decrease. Another move to note was the clear push past its 50-day moving average- a very bullish sign.
In 2020, Palantir generated $1.1 billion in revenue, up 47% year-over-year. Their average revenue per customer was $7.9 million, up 41% year-over-year. Palantir has built its business with customers in the largest defense industry institutions like the U.S. Army, U.S. Navy, and CIA and companies like IBM, Amazon, and Airbus. Because of this, it is important to always keep an eye out for big contracts as their main source of revenue growth (for now).
PLTRKeeps this trend line up it has a chance to run straight to $31. If it breaks, however, I can see it retesting the support of 22.20
Waiting for the next opportunity! 🤓PLTR is doing good movements today! And here it is the strategy I’ll use on it:
If it breaks the red line, it’ll likely hit the 23.34. Then I’ll just wait for a good reversal candlestick / chart pattern around. If it doesn’t hit there, then I’ll trade better stuff, with better risk-reward.
The 4h chart makes me nervous. Yes, there’s the glimpse of a pennant here, but I rather buy when the charts are clearer to me. The good news is the 20ma, which is going up and perhaps it’ll hit the price soon.
This would be good, and would surely help me to trade PLTR, but it is too soon to say this.
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Let's give PLTR another chance! 😉The divergence on the RSI is one of the reasons why I’m cautious on PLTR right now. I don’t see it crashing or anything, but I’m just waiting for another pullback to trade it again. Our last trade was amazing, and I’m sure PLTR will give us another opportunity, but now it is not the time, it seems.
Keep in mind that PLTR is right at a resistance in the 4h chart, and the RSI looks weird too. I prefer to wait for a decent pullback to the 22, or even the 23, if we see a good pattern over there. So far, I’m just an outsider, waiting for my next chance to buy it.
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PLTR LongSo what if its a Red Day?
- PLTR broke 23.76 resistance twice.
- It shows inverse head and shoulders
- looks like consolidating near 23-24
- Needs to hold the same area before making a move
Suggestions: 2-3 weeks long 30$ call to 27.60
$CLOV In Depth Analysis & Price PredictionsClover health has quite the catalysts not only fundamentally, but technically as well.
Technicals:
CLOV has been in a downtrend since early January, with an all time high near $17.00, and all time low of near $6.00. Quite the range. Fibonacci retracement levels can give us approximate levels of support and resistance once a breakout occurs. As you can see, the daily chart here shows a SLIGHT breakout (See B2) above the downtrend, as also seen in April (See B1). Another green candle above the downward trendline would give me further confidence of a breakout towards first $10.50, and then $11.86 following, the retracement levels act as price zones of support and resistance for my trading style.
More on technical setup, we have a nice MACD convergence on the 1D chart, forming a nice consolidation for a breakout within the MACD, where I see a bullish reversal that can last long term.
Fundamentals:
Not going to lecture you on the company, but rather give you some interesting catalysts and factors that will most definitely play into the price.
1. Short interest is over 50% of the float, which to me, gives a lot of potential for a true squeeze, higher than GME and AMC.
2. Because CLOV is a SPAC, insider shares have a lockup as well as a predetermined price that the stock MUST be trading at for 90 consecutive days before insiders can sell. that price is $30 a share. Meaning if they want to sell their shares, price has to be $30 for atleast 90 days.
3. Short positions are in trouble near the $11 level, meaning above $11, nearly 100% of all short positions are in the red, and losing money.
4. Shares available to be shorted as of yesterday was only 600,000.
With squeeze potential like this, such a large short percent of the float, and company insiders not being able to sell until $30 a share, expect nothing less of parabolic movement, but the real question is WHEN. Timing this will be a difficult thing to do, but I will be playing this with long term leap options as well as shares for accumulation.
GLTA, in Chamath we trust, I guess.
