$Palantir Technologies Inc.(PLTR)$ $Direxion Daily PLTR Bull 2X Shares(PLTU)$ 

πŸ“‰πŸ“ˆπŸ’ΉπŸš€ Is Palantir Technologies ($PLTR) Preparing for a Wave 5 Breakout?

Saying it here first, folks, new ATH's all-time highs are within reach for $PLTR as it positions itself for a potential bullish Wave 5 breakout. Dynamic options data and robust technical indicators point to an imminent upward trajectory πŸ“ˆπŸ’ΉπŸš€

πŸš¨πŸ”” Market Updates

As of 25Jan25, $PLTR is trading at $78.97, showing minor consolidation as it prepares for its next move. Pre-earnings momentum ahead of 03Feb25 could create tactical entry points for savvy traders.

Technical Analysis 

πŸ”‘ Key Indicators:

β€’ RSI (Relative Strength Index):

Short-term RSI (6) is 32.37, showing a near oversold condition, indicating potential for a bounce.

Medium-term RSI (12) is 39.45, while the long-term RSI (24) is 44.64, suggesting gradual recovery.

MACD (Moving Average Convergence Divergence):

MACD line sits at 0.0000, with the signal line slightly below at -0.0142, showing neutral momentum but a possible bullish crossover in the making.

Bollinger Bands:

$PLTR is consolidating near the lower band, which historically precedes a potential price rebound to the mean or beyond.

Elliott Wave Setup πŸ“‰πŸ“ˆπŸ’ΉπŸŒŠ

$PLTR is currently retracing in Wave 4, with Fibonacci levels as critical guides:

πŸ”΅ $77.20 and 🟠 $75.00 represent crucial support areas to watch for a possible Wave 4 reversal.

🟒 $79.50 is key resistance to reclaim, confirming bullish momentum for the anticipated Wave 5 breakout.

Fibonacci Extensions:

Key upside targets for Wave 5 include:

🟣 $82.56

πŸ”΅ $85.06

🟒 $88.60, a significant level with potential strong momentum.

Risk Management

Stop-Loss Strategy: Set stop-loss at 10% below your entry point.

Example: For an entry at $78.97, a 10% stop-loss would be placed at $71.07 to protect against downside risk.

πŸ’Έ Profit-Taking Zones: Consider partial profit-taking above $85.06 to lock in gains, while leaving runners for the remainder ride to the breakout.

Leveraged Opportunities in PLTR ETFs πŸ”„

πŸ”Š Traders seeking amplified exposure to $PLTR can explore these leveraged ETFs:

1. Direxion Daily PLTR Bull 2X Shares ($PLTU): Tracks 200% of PLTR’s daily performance.

πŸ”‘ Key Entry Levels for $PLTU:

Aggressive Entry: $28.93 (aligned with PLTR at $77.20)

Conservative Entry: $28.11 (aligned with PLTR at $75.00)

Confirmation Entry: $29.79 (aligned with PLTR reclaiming $79.50)

2. Leverage Shares 3x Long Palantir ETP (Ticker: PLT3.L): Offers 300% daily performance.

3. GraniteShares 2x Long PLTR Daily ETF (Ticker: PTIR): Targets 200% of PLTR’s daily returns.

❓❔❓Why $PLTR?

$PLTR’s leadership in AI-driven data analytics places it ahead of competitors, especially as federal spending on AI initiatives accelerates. Its alignment with critical government and commercial sectors underpins its long-term value.

I believe $PLTR and leveraged ETFs like $PLTU represent rare opportunities to buy the dip during Wave 4 and ride the breakout into Wave 5 for potentially historic ATH gains! πŸ’ΉπŸ“ˆπŸš€

πŸ“’ Please Like, Repost, and Follow for sharp setups, trend analysis, and actionable trading strategies πŸš€πŸ“ˆ.

Happy trading! Cheers BC πŸ“ˆπŸš€πŸ€πŸ€πŸ€

@Tiger_comments @TigerTradingNotes @TigerPicks @TigerStars @TigerClub @Daily_Discussion @MillionaireTiger @CaptainTiger 

# πŸ’° Stocks to watch today?(13 Feb)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Kiwi_G
    Β·01-26
    TOP
    great post bc with some indicator levels to watch too πŸ™ŒπŸ»
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    • Barcode
      Happy ahead! Cheers BC πŸ’°πŸ“ˆπŸš€πŸ€πŸ€πŸ€
      01-26
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    • Barcode
      Thanks KG, I’m watching $Direxion Bull(PLTU)$ with interest.
      01-26
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  • Mig
    Β·01-26
    TOP
    Great article! Thanks for all the information and indicators πŸ™‚
    Looking forward to this trading week
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    • Barcode
      Wishing you success, sharp moves, and happy trading ahead! πŸš€πŸ“ˆ Cheers, BC πŸ€πŸ€πŸ€
      01-26
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    • Barcode
      🌟🌞🌟Enjoy your dayπŸ€πŸ€πŸ€
      01-26
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    • Barcode
      Appreciate your kind words, Mig! I’m so glad you found the information and indicators helpful. Here’s to a trading week filled with opportunities and success for us both, let’s make it a great one! Cheers, BC πŸ“Šβœ¨πŸš€πŸ€πŸ€πŸ€
      01-26
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  • PetS
    Β·01-26
    Great article, would you like to share it?
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    • Barcode
      πŸ™πŸΌThanks so much PS! Sharing insights like this fuels smarter decisions πŸ“Šβœ¨ and builds a collaborative trading community powerhouse!πŸ€πŸ€πŸ€
      01-26
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    • Barcode
      Wishing you success, sharp moves, and happy trading ahead! πŸš€πŸ“ˆ Cheers, BC πŸ€πŸ€πŸ€
      01-26
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    • Barcode
      🌟🌞🌟Enjoy your dayπŸ€πŸ€πŸ€
      01-26
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  • Great article, would you like to share it?

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    • Barcode
      Wishing you success, sharp moves, and happy trading ahead! πŸš€πŸ“ˆ Cheers, BC πŸ€πŸ€πŸ€
      01-26
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    • Barcode
      🌟🌞🌟Enjoy your dayπŸ€πŸ€πŸ€
      01-26
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    • Barcode
      πŸ™πŸΌThanks for the sharing Q!Love seeing this bullish energy spark discussions on the next πŸ…ΌπŸ…°πŸ†πŸ…ΊπŸ…΄πŸ†ƒ πŸ…ΌπŸ…ΎπŸ†…πŸ…΄πŸ†πŸ†‚ πŸ“ˆβœ¨ Momentum like this is inspiring! πŸ€πŸ€πŸ€
      01-26
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  • Kiwi Tigress
    Β·01-26

    Great article, would you like to share it?

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    • Barcode
      Wishing you success, sharp moves, and happy trading ahead! πŸš€πŸ“ˆ Cheers, BC πŸ€πŸ€πŸ€
      01-26
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    • Barcode
      🌟🌞🌟Enjoy your dayπŸ€πŸ€πŸ€
      01-26
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    • Barcode
      πŸ₯‚Cheers for sharing KT! Highlighting these patterns πŸ“ˆπŸ”₯ is a win for everyone in our trading circle, let’s keep the momentum rolling! πŸš€πŸ€πŸ€πŸ€
      01-26
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  • Great article, would you like to share it?

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    • Barcode
      Wishing you success, sharp moves, and happy trading ahead! πŸš€πŸ“ˆ Cheers, BC πŸ€πŸ€πŸ€
      01-26
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    • Barcode
      🌟🌞🌟Enjoy your dayπŸ€πŸ€πŸ€
      01-26
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    • Barcode
      πŸ’ͺπŸ™ Thanks CCW, your share highlights these winning trends πŸš€πŸ’Έ and drives smarter moves in our trading communityβ—οΈπŸ€πŸ€πŸ€
      01-26
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  • Hen Solo
    Β·01-26

    Great article, would you like to share it?

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    • Barcode
      Happy ahead! Cheers BC πŸ’°πŸ“ˆπŸš€πŸ€πŸ€πŸ€
      01-28
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    • Barcode
      Happy week! πŸ€πŸ€πŸ€
      01-28
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    • Barcode
      πŸ™πŸΌThanks for the repost HS! It helps the community ride these market waves 🌊 πŸ€πŸ€πŸ€
      01-28
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  • Kiwi_G
    Β·01-26

    Great article, would you like to share it?

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    • Barcode
      Happy ahead! Cheers BC πŸ’°πŸ“ˆπŸš€πŸ€πŸ€πŸ€
      01-26
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    • Barcode
      πŸ™ I appreciate the boost with the repost KG, these insights are powering sharp gains πŸ”₯πŸ“ˆ and sharing key market patterns to watch!πŸ€πŸ€πŸ€
      01-26
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