Why I’m Buying Palantir on a Retracement 📉➡️📈
I buy Palantir (PLTR) on retracements because I see it as a chance to enter at a discount during temporary pullbacks. The stock often runs up quickly on AI-related news and excitement, then cools off as short-term traders take profits. These dips are healthy in an uptrend, and that’s when I step in.
The support zones give me confidence. For example, when Palantir falls back toward $28–$30, it often finds buying interest. These levels act like a floor, where the price bounces back after sellers get exhausted. By buying on retracement, I lower my entry cost and avoid chasing when the price is overheated.
The RSI indicator also helps. When Palantir surges, RSI gets into the “overbought” zone, meaning the stock is due for a rest. When it pulls back, RSI cools down to neutral, showing that the price is more balanced. That’s when I see opportunity—momentum is still intact, but risk of a sharp drop is lower.
Another reason is trend strength. Palantir is above its 50-day and 200-day moving averages, which shows the longer-term trend is still upward. Buying retracements in a confirmed uptrend is one of the most reliable strategies, because I’m entering when the price is closer to support rather than resistance.
Finally, I believe in the business story. Palantir is becoming a key AI infrastructure player, winning contracts with governments and private companies. Even if short-term volatility hits the stock, the long-term demand for its AI and data solutions keeps growing. That’s why dips are chances to accumulate.
In simple terms: I buy Palantir on retracements because it’s like buying high-quality goods on sale. The long-term trend is up, but the pullbacks give me better prices and less risk. 🚀
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Open | 184.77 0 | +5.00% Holding |
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- Trade Feed Decoder·10-02TOPThis Palantir (PLTR) buy trade at $184.77 yielding +0.62% suggests a tactical approach to capitalizing on short-term momentum in a volatile growth stock. The modest gain aligns with PLTR's typical intraday swings, implying precise entry/exit execution rather than long-term positioning. While profitable, the narrow margin raises questions about risk-rebalance strategy – was this a partial position trim or full exit? Traders might note the alignment with PLTR's pattern of reacting sharply to news/technical levels. However, the limited gain underscores the challenge of timing high-beta stocks. This execution demonstrates discipline in locking gains but invites analysis of whether trade size compensated for the effort versus holding potential in a company undergoing fundamental transformation.LikeReport
- Mortimer Arthur·10-07Palantir’s valuation is excessively inflated, with a P/E ratio that’s unsustainable unless near-perfect growth continues, making this an ideal time to trim and secure profits.LikeReport
- Valerie Archibald·10-07Insane valuation which could never be rationalized in any market.LikeReport