Did you see that May 12-May 13th price action?
Did you catch the bottom?
I'm sure Russia or the war and the need for intelligence had nothing to do with the most recent bullish price action. As a matter of fact, PLTR failed earnings again!
EMA ( Exponential Moving Average ): Well, like most stock, the EMAs are inverted. But, the...
Palantir $PLTR earnings came in significantly below expectations, missing by >44.5% while revenue was slightly above projection, beating estimates by nearly $3 mil (+0.66%).
The market immediately reacted with PLTR losing > -27%.
Risk-off environment. Unprofitable, risk-on tech-oriented speculative equities are being punished in a tightening fiscal...
PLTR/USD Daily neutral with a bearish bias. Recommended ratio: 45% PLTR, 55% cash. Price established a new ATL at $6.48 and is technically still testing the lower trendline of the descending channel from November 2020 ($7.88) as support. Volume remains high and favored buyers in today's session, ending a five day streak of seller dominance. Parabolic SAR flips...
PLTR/USD Daily neutral with a bearish bias. Recommended ratio: 45% PLTR, 55% cash. Price is currently at $10.74 and still technically testing the uptrend line from 02/24/22 ($11.71); the largest value zone in its short history (company listed on NYSE 09/30/20) is between $10.84-$13.15. Volume remains relatively moderate and fairly balanced between buyers and...
Palantir Technology - Short Term - We look to Buy at 12.46 (stop at 11.59)
A bullish reverse Head and Shoulders is forming. A break of 14.87 is needed to confirm follow through bullish momentum. The medium term bias remains bullish. Preferred trade is to buy on dips. News events could adversley affect the short term technical picture. Expect trading to remain...
Sad to announce that we have not hit gold. Prior prediction/analysis were "on point"
Chart - Daily
EMA ( Exponential Moving Average): 20 EMA failed to cross the 50 EMA ... This is baaaad. Hoping this trend doesn't lead to a "Double Top" as it will spell BAD NEWS in the near term.
TTM Squeeze: Squeezed! But momentum dropped at the 1.618 fib ....
Palantir NYSE:PLTR has performed a pullback from the recent rally. This came to my attention from a spike alert and it is happening at a 50% Retracement. This is a followup to my initial entry on March 15, 2022 when no one was talking about Palantir stock anymore (see below). This time in addition to the options position is purchased shares to hold for the long run.
A team member asked the question and here I'm sharing my thoughts with this post.
The structure and fib level makes sense that we will see some accumulation phase.
All the best,
PLTR missed forecast by nearly 45%, the CEO (Karp) has been critical of short-term event horizons.
Couple the previous miss with:
- Economic: Macro headwinds due to sharply rising prices w/ rampant inflation that's looking to be persistent
- Technical: Support on the 20/50 EMA will be tested again seemingly, bigger focus is being rejected without gaining...
Short Term - We look to Buy at 14.24 (stop at 13.28)
Previous resistance, now becomes support at 14.00. Short term oscillators are moving higher. Price action has broken from the previous formation. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 17.80 and 19.50
True opportunity comes with NO ONE IS LOOKING! Once market participants have written off an instrument as a bad investment... that tends to be the bottom.
Palantir NYSE:PLTR has mostly fallen off the radar of most traders and investors as most that bought it in 2021 during the SPAC craze are underwater. There have now been some interesting developments with...
3 Buy orders
Palantir is in a downtrend and generated a lower swing compared to the recent swing low. However we are close to the start of all time low. Also in my opinion its due for some uptrend.
3 buy orders placed. First will be executed now.
Next resistance level (level 1).
Confluence with the recent swing low.
EMA (Exponential Moving Average): 20 EMA is yet to cross the 50/100/200 EMA... For longterm buys, this is still in the buy zone although this means that the stocks hasn't recovered from the death cross (50 EMA crosses the 200 EMA).
TTM Squeeze: Squeezed ! Momentum is behind the stock... Working to fill the gap down from Feb. 16th.
I have been watching Palantir closely since the February 24, 2022 spike low. NYSE:PLTR was a darling of 2021 but has fallen victim to the "Pandemic Round Trip" like many stocks. The $10 psychological level has so far held with afore mentioned spike and today there was short term price action (see below) above $10 that may confirm a low risk entry.
NYSE:PLTR is now set for new beginnings as a major cycle has ended for this stock.
Recently the price has been ranging in the the 8.6-11.4 area which is a high demand area ideal for the current accumulation phase .In fact there is a great probability for the bulls to take the lead and push the price significantly up , taking advantage of the nice potential of ...