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Palantir Technologies Inc.(PLTR:NASDAQ) Elliott Wave Technical Analysis 25 August 23


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Palantir Technologies Inc., Elliott Wave Technical Analysis
Palantir Technologies Inc., (PLTR:NASDAQ): Daily Chart 25 August 23
PLTR Stock Market Analysis: We have been looking for a bearish count for quite some time now as we had a lack of evidence for a bullish count. Looking for continuation lower to go back to at least the area of wave {b} at 7$.
PLTR Elliott Wave Count: Wave {ii} of A/1
PLTR Technical Indicators: 20EMA as resistance
PLTR Trading Strategy: Looking for shorts into wave {iii}.
TradingLounge Analyst: Alessio Barretta
 
PLTR_8_25.thumb.png.8389061754fc1e0eb929c4dfb4a2a52d.png
 
 
 
Palantir Technologies Inc., PLTR: 4-hour Chart 25 August 23
Palantir Technologies Inc., Elliott Wave Technical Analysis
PLTR Stock Market Analysis: We can see a five wave move down into wave {i} and we now seem to be pulling back into wave {ii}. Most likely we will double correct higher into wave {ii}, but that is not compulsory.  
PLTR Elliott Wave count:  Wave (c) of {ii}.
PLTR Technical Indicators: 200EMA as support.  
PLTR Trading Strategy: Looking for shorts once we get upside into wave (c).s
PLTR_4H.thumb.png.ebd9cbc36da8374d63afabd56c807b56.png
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