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PLTR

$PLTR - Same price, but with better time targets for optionsThis is basically the same setup i posted last night (early this morning) but fine tuned with an Inside Pitchfork instead of a Modified Schiff. I've also tried to math the EW targets with the fib time targets and the pitchfork targets. That is to say, i've tried to get a confluence of all 3 types of analysis and reorganized my elliot wave path to land where these three analyses converge. The price targets haven't changed, but the time targets have been modified (usually extended) to give a move conservative layout which will hopefully be useful for options plays. For example in my previous model, the intermediate wave 3 is projected at a target of $39-$40 around Jan 12, where as with this updated model, we have the same price target but on Jan 21. This matches with the median of the new inside pitchfork, and with the 1 extension of the Fib time projection, as opposed to the 0.786 time projection of the previous model. Im expecting a bounce from the 0.786 retracement, however there is always the possibility of a full retracement to the 100% level and a double bounce from $21. This happened with $Work recently so it's not totally unexpected for a stock that just recently IPO'd and is undergoing its first impulse wave. This is a better representation of how i intend to play it and is mostly here for my own records. I have Feb 19 $32 calls as well as some #yolo Feb 19 $50 calls. If price falls below $21 i will cut my (significant) losses and move on.
PLong
by ir-rizzle
PLTR: What could trigger a new bullish run here?Hello traders and investors! Let’s see how PLTR is doing today! First, the hourly chart looks quite bearish, and right now, it is retesting the 21 ema, which is falling too. But we have this pink line, which is a support zone that could hold the price. The volume is starting to increase again, which is a good sign, and today’s first candlestick could be an Ignition Bar, followed by a Gift pattern. If PLTR trades above the $ 25.90 again, it’ll be a great sign of strength, and PLTR could seek higher levels, like the $ 29.42. Looking at the daily chart, we see a clear accumulation, and it looks like a giant Flag pattern as well. Right now, PLTR is doing a Harami pattern above the support at the pink line, and if it closes above the 21 ema would be perfect. Usually, Flags are continuation patterns, so, the odds favor the bulls here. For now, we must wait for these signs to be triggered before anything else, but if you like this analysis, remember to support it ! And follow me to keep in touch with my daily updates! Thank you very much.
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by Nathan_The_Finance_Hydra
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