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Pltrlong

PLTR stock was bought by ARK! where stock price go? Palantir (PLTR) we missed you in action in the last month and a half... I covered what the company does and how in the previous idea I wrote in Nov -link here So Palantir acquired new contracts in the health sector last month and as it seems now – their technology can integrate in any major corporation and improve efficiency dramatically. This means that Palantir will acquire new clients organically based on user experience that is proving as very efficient and successful – which is the best advertising you can ask for 😊 Shares of PLTR were acquired last night by the notorious ARK invest – they bought 497,100 shares exactly and this is the first time the company is acquiring PLTR which means to us they believe in the company but more importantly, they think the stock price is reasonable if not underpriced! So, let’s go on technicals – this one is pretty easy and clear • We had an impulse wave that took the stock above the 30$ line. • Once wave ended and people abandoned the stock it dropped to 24$ line • Now we see in the last month it formed a sideways trend between 24$ to 28$ • After ARK news I expect the stock to go to the 28$ line and retest resistance – this will be our first target • Second target will be breaking through the 28$ and giving us a high on the 31$ line – touching previous resistance • Third target will be after breaking the 31$ and going to 34$ where we have our highest high and doing accumulation on that level so the stock can potentially break out to new highs – even 40$, we saw the SAME exact behavior on JUMIA this month and it eventually broke out If all targets are achieved in the upcoming week or two (the market is very fast these days) then we can aim to take some profits at 40$. if we see the PLTR dropping to the red zone on the chart at below 24.00$ we can assume this analysis is canceled and should be ignored We at FDGT truly believe Palantir has a lot to offer and their product is going to disrupt technology and innovate it to new levels as artificial intelligence is here not just to stay but to take over and companies that will not combine artificial intelligence in their software will fall behind, so this is only the beginning of PLTR , and we are very bullish on this stock in the upcoming years Closer look (1H chart) : Please remember to do your own due diligence, we are not certified to give any financial advice. Happy Friday !!! trade safe
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by FDGT_academy
US Stock In Play: $PLTR (Palantir Technologies Inc)$PLTR further reinforced its technical strength, with a rally of +11.20%, closing at an all time high level of $36.23 that was previously highlighted two days ago. The intraday trading range of $PLTR exceeded 35%, marking it as the most volatile session for $PLTR since its IPO. This is coupled with 191.35 millions worth of shares traded during the session, exceeding 165% of its average. Price volatility for $PLTR continue to uptick towards its peak of $3.00/day, giving substantial traction to break $40 round number resistance ahead of its inaugural Demo Day today at 4.30pm US ET.
PLong
by jfsrevg
1
🚀P🚀L🚀T🚀R🚀 - Mission Still a Go 🌝I did not expect the red day on Friday. But my theory stands. I’m even more confident about this move. There was a gap up due to hype from Cathie Wood buying, but the bears in the pennant pushed it back. PLTR is still consolidating and building pressure within the pennant and I expect a breakout to the upside next week. Side note: there is LOTS of open interest and volume in deep OTM calls for the end of January 👀 WSB note: The short squeeze is happening next week on GME. Margin calls on the shorts are coming in hot, and brokers are struggling left and right and some have even BLOCKED SHORTING on GME, while the SEC has implemented the Up-Tick rule. Where do you think they are taking their profits to? 🚀🚀🚀🚀🚀🚀🚀PLTR🚀🚀🚀🚀🚀🚀🚀
PLong
by ChigzTrades
PLTR EXPLODING TOMORROWThis is a classic bullish pennant. Today the price dropped to the low end... I was planning on buy a call option tomorrow morning around $30 strike. With PLTR in the red, the options would be even cheaper making me a genius ;) Unfortunately for me, the queen Catherine Woods bought PLTR after hours, and the price is just about to hit the top end of the pennant (current price at time of writing is $26.61). Tomorrow morning, during Pre Market & at the Open, PLTR will explode and hit AT LEAST the peak of the impulse move that formed the pennant ($33.50). Posting this now so I have a reference I can show people when I tell them I can see the future 👀 Tomorrow morning wallstreetbets will be exploding with a bunch of 🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
PLong
by ChigzTrades
2
PLTR formed a pennant; possible breakout soonThe pennant is a continuation pattern (of the previous trend) so PLTR may be looking into a move to the upside sometime soon. The price moved up today and headed against the $26 resistance several times. It even broke above it but was not able to stay above that level. However, we closed the day for the second consecutive time above the 14-ema and 21-ema, which is a bullish signal. MACD is curling up and +DI touched -DI and moved back up, which in my experience forecasts a move up. I am watching the moving averages. The longer PLTR holds above them the stronger they become as support. It is important to keep in mind price could also continue sideways when the pennant is completed but if a breakout is confirmed PLTR may be looking into a nice rally. Safe trades! ***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!*** ***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
PLong
by Safe_Trades
7
PLTR , PT 41Another stock that is stuck in a symmetric wedge or if I say pennant pattern also. For long play, once it breaks above the wedge, it can move to ~ 41. To protect losses for long play, the red solid line should be treated as a stop loss. Also, it's holding 20MA (green line) which is giving it a bullish sentiment. Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
PLong
by fqalogtrader