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PLTR trade ideas

PLTR: Testing Key Resistance Levels Ahead of Early Market CloseTrading Plan and Technical Analysis for PLTR Market Reminder:
📢 The U.S. stock market will close early tomorrow, Friday, November 29, 2024, at 1:00 PM EST. Plan your trades accordingly. Price Action Overview:
PLTR is trading near $66.20, with price action following an ascending trendline. It is currently testing a critical resistance level near $67.50. The MACD histogram is neutral but hints at a potential bullish crossover, while volume remains moderate. Liquidity Zones and Order Blocks: * Liquidity Zone (Support): $63.50-$64.00 - Buyers stepped in strongly here during prior pullbacks. * Liquidity Zone (Resistance): $67.50-$68.00 - Key sellers' area that aligns with recent price rejection. Key Support and Resistance Levels: * Support Levels: * $65.50 - Minor support, where intraday buyers could step in. * $64.00 - Major support aligning with the ascending trendline. * Resistance Levels: * $67.50 - Immediate resistance; watch for price behavior here. * $68.50 - Breakout target if bullish momentum sustains. Scalping Gameplan: * Bullish Setup: * Entry: Long above $67.50, targeting $68.50 and $69.00. * Stop-loss: Below $66.50. * Confirmation: Look for volume spikes and MACD crossover on the 5-minute timeframe. * Bearish Setup: * Entry: Short below $65.50, targeting $64.00 and $63.50. * Stop-loss: Above $66.50. * Confirmation: Watch for a rejection at $67.50 followed by a breakdown. Swing Trading Playbook: * Bullish Case: * Entry: Sustained breakout above $67.50, targeting $69.00. * Stop-loss: Below $66.00. * Indicators: RSI trending above 60 with MACD supporting bullish momentum. * Bearish Case: * Entry: Rejection at $67.50 and breakdown below $65.50, targeting $63.50. * Stop-loss: Above $66.50. Thoughts and Suggestions:
PLTR is at a pivotal level, with its next move likely defining the short-term trend. Bulls need a breakout above $67.50 to sustain momentum, while bears are eyeing a breakdown below $65.50 to confirm a reversal. Given the early market close, scalpers should aim for quick profits, and swing traders should plan for reduced liquidity tomorrow. Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions.
NASDAQ:PLTR
by BullBearInsights
PLTR: Setting Up for the Next Big Move – Key Levels to WatchPLTR) is trading within an ascending channel, showing promising upward momentum in recent sessions. The stock has been building higher highs and higher lows, a strong indication of a bullish structure. Let’s break it down: Key Levels to Watch: * Support Zones: * Immediate support at $63.91, marked by recent consolidation. * Major support at $58.85, aligning with previous demand zones. * Resistance Levels: * First resistance at $67.88, the upper range of the current channel. * Key resistance at $69.00, which may act as a breakout point for further highs. Order Block & Liquidity Zones: * A notable bullish order block is sitting near the $63.91 zone, indicating significant institutional buying interest. * Liquidity appears to be building above $67.88, suggesting a potential liquidity grab and breakout. Price Action Insights: * PLTR has been trading within a well-defined ascending channel, supported by increased volume on green candles, signaling strong buyer interest. * The MACD shows a bullish crossover, adding further conviction to the upward trend. Game Plan for Traders Scalping Opportunities: * Entry: Consider entering near $66.00, targeting a quick move to $67.88. * Stop Loss: Place a tight stop loss below $65.00 to limit downside risk. * Exit: Take profit near $67.88, aligning with the immediate resistance level. Swing Trade Setup: * Entry: A solid breakout above $67.88 with volume confirmation could be a strong swing trade setup. * Stop Loss: Place a stop loss below $63.91 to account for volatility. * Target: Aim for $72.00, the potential next resistance if the breakout sustains. Trader Sentiment * Retail traders appear optimistic about PLTR due to its bullish price action and consistent higher lows. * Institutional activity is evident in the order block near $63.91, showing significant accumulation at lower levels. Market Direction Prediction PLTR is likely to continue its upward trend if it breaks above $67.88 with conviction. However, traders should watch for false breakouts and ensure volume confirmation. Risks include broader market volatility or unexpected news impacting the tech sector. Thoughts & Suggestions PLTR is shaping up for a potential breakout, but patience is key. Stick to the game plan and avoid chasing the price. Keep an eye on volume spikes and the $67.88 resistance level for the next move. Disclaimer This analysis is for informational purposes only and not financial advice. Always do your own research and consult with a professional before trading.
NASDAQ:PLTR
by BullBearInsights
PLTR NEOWAVE ANALYSISExperimental analysis with the intention to follow back later on as I am still learning Looks like a clear flat pattern due to the very stretched out B wave, which also ended around the 1.38 extension of wave A retracement. This tells me one thing: the B wave was indeed strong. Normally, in such scenarios, there is a very small chance that wave C retraces wave A with such force. This pattern will most likely be the first leg of a very complex correction. Although rest assured that the overall trend for PLTR is up, I do not know to what extent. But after this wave C completion, we will be headed down for quite some time.
NASDAQ:PLTR
by thekidtrader11
palantir on the downPalantir Technologies is a public American company that specializes in big data analytics. The company’s stock has been volatile in the past, and some investors believe that it is overvalued. Additionally, the company’s listing on the Nasdaq Global Select Market is currently in question due to the exchange’s disapproval of the company’s plan to consolidate the financial results of Canopy USA at one point. If Canopy chooses to continue with its plan and speed up its entry into the U.S. cannabis market, its listing on Nasdaq could be in jeopardy
XETR:PTXShort
by ralffritz21