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
 

 

 

 

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