4PLTR trade ideas
Midweek Watch 9/29 - $PLTRMy Level: Long off $23.70
It has had a 3 down days in a row. Wrote down long possibly off 23.70, you have the 126D SMA as well as the Quarterly pivot down there. Has $1.27 ATR again kind of brings you right into the pocket. I have this feeling that it might have a nice bounce day maybe one more washout, but we’ll see what happens tomorrow or Friday. You can also see its a prior support area as well
Sunday Prep 9/26 - $PLTR I Do Not Want To Miss This!Palantir Technologies is another name from last week. It broke out beautifully and the chart is in tact. The pull-back was deeper than anticipated (but that came with the market imo) but it’s still strong and I want dips to buy. I’ll be looking for dips to buy.. like the 20d SMA but not sure I’ll get it. I may just start buying on dips risking against previous lows. Make sure to join TrueTrader so you can keep tabs on how I trade this in real time in the chatroom. I do not want to miss this.
Sunday Prep 9/19 - $PLTR Triggered Breakout Last ThursdayThe name doesn’t have a ton of range, but this breakout that it triggered last Thursday makes me think that with the right entry, this could be a swing, so intraday range doesn’t become a concern for me. Love the volume on the name the last 2 days as well. It really helps me have some confidence that there are institutions getting involved here. Friday’s low/monthly pivot around 28 is the first area where I might look to scoop some weakness. But it really wouldn’t surprise me if this first needs to retest the breakout area of 27.50, so the plan for me would be to start at 28 with the ability to add to my position if it continues lower to that area. At that point though, I would need to start to see some higher lows put in and constructive price action. If it wants to stay heavy, I have no problem taking it off and looking for re-entries around the 20d if it wants to give them to me.
NYSE:PLTR BONYSE:PLTR
Stock reached All time high and retraced, now reached key resistance level and ready to BO.
All levels updated on chart !!!
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NYSE:PLTR BONYSE:PLTR
Stock reached All time high and retraced, now reached key resistance level and ready to BO.
All levels updated on chart !!!
PLTR Long In the 15 min time period, you will see it's forming an uptrend.
By using the Fibonacci retracement tool we can clearly see that it will pull back to 23.1 dollars and then rally back up again
Midweek Watch 8/18 - $PLTRThis is a name on my list which I've been watching off this $23.70 - $24 area. You got Quarterly pivot around $23.70 and look at how closely the candles from last few days had been holding. I wrote down to join a long on this name off $24.20 which is the 200D SMA $ $23.70 is the same level its been holding for a while.
