$PLTR Cleared a $1.36B Dark Pool Shelf (+ $AMD Earnings): Are You Too Late?

Good morning, traders. It's Tuesday, August 4th at 4:29 AM. All right, 2 stocks for you to trade today. We've got Palantir, PLTR, and we've got AMD. So AMD reports after the close, and Palantir, well, it blew up after earnings report yesterday at the close. So you can see here we're already up $20. We're already almost 3 times the ATR on the day. So you can see this nice juicy Daily candle here. Look at all these prints: one million, one million, one million. Anyway, the institutions are down here about one twenty, and we're at one forty-five. So you have a million shares at one twenty; you're doing quite well. All right, let's go ahead and map this out on the intraday since we've blown above all these prints here. We're going to be bullish above one forty-six fifty. We've you see we're above this R five already, so it's just sky's limit. One forty-six fifty. 147.50, 150, 151.25, 152.50, 155, and I put 156.25. That's actually giving us a 10-point move above this anyway, and so that's another full almost 1.5 ATRs. So we're going to be bearish below 144. Let's get down here, break below this. We've got this shelf here, so if we break below that, 144, 143, 142.50, 140, 138.66 is R5, 136.47, 135.35, and 132.04 all the way down here to R3. So if we do break down, just follow it level to level. This is nice how the 4 and the 8 exponential moving averages running together. So if that's happening, it's— be very careful shorting it on the downside. You want to see this cross over and run together. For the momentum strength. All right, let's switch over to AMD. All right, AMD is reporting today after the close. So these are the largest prints in the last two months, and there's some big ones sitting here. But you can see that we've got this consolidation range back here from July eighth and tenth. So you can see this where these are the hidden support and resistance. Levels. So we've pulled back, tested them, pulled back, tested them, and now we're trying to break through. This is a rounded top sort of thing. It looks a little bit bearish, but anyway, if the news is good, we can potentially get up here to 557. And we clear this, then, um, sky's the limit because we're above all of these. You don't know really the direction yet where the institutions are actually— we know where they're sitting and where their positions are, uh, but whether they're buying or selling Once they break these levels, then we can make that assumption. And so on the we've got trades for the upside and downside. So let's go ahead and map this. So you can see on this on the daily we're testing these prints right here, which is on the intraday. We can see that right on the chart. So we're sitting here at about 1.3 million that we're testing. You can see we've come up, tested it, tested it. Let's see if this actually holds. We're going to be bullish above 504.50. We want this cam here to be support. Target 571.30— sorry, 511.33. 512.61 is R2. 516.90 is a 600K. 516.91 there. 522.58 is a cam. Then we've got 529.14, a 656K. 535.540. 548.25 is R3. This one can move 40 points. 39. We're We're almost halfway there. So similar sort of thing, you've got this really nice short-term trend, 4 and 8 moving average. So if this is continuing, no reason to get out. We're going to be bearish below $497.50. Let's get below this R1. We want this to be resistance. $494.44, $492.56 is $500K. $491.18 Is R2. 487.91, 486.51 is 1.3 million here. 481.37 and 480. So right here it stopped at 480. This is a 200 exponential, 200 simple. These are really, really strong. Call that my peanut butter and jelly as well. So we'll 480 here as the target moving back if we retrace. Okay, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, leave some comments. in the comment section below, and we'll see you tomorrow with all new trade setups. Happy trading, everyone! MobyTick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.