PLTR Holding Strong – Can the Momentum Continue? 🚀
Technical Overview (30-Min Chart) PLTR has been in a strong uptrend, riding a steep ascending channel from the $151 support region. After hitting a high of $176.33, price has slightly cooled off but remains above $171, indicating healthy consolidation rather than a breakdown. MACD is showing a gradual loss in bullish momentum, while Stoch RSI is oversold—suggesting potential for another leg higher if buying pressure resumes.
Key support lies at $167.50–$165 (previous breakout area), while resistance remains at $176–$180 (channel top).
GEX / Options Sentiment
* Major Call Walls: $177.5, $180 – heavy gamma resistance where market makers could slow price movement if breached.
* Highest Positive NETGEX: $176.3 – aligns with the channel resistance, making it a critical breakout level.
* Strong Call Positioning: 72% concentration at $165–$177.5 range keeps the bias bullish above $167.
* Put Support: $155 – heavy protection level where downside could stall if selling pressure picks up.
Trading Plan
Bullish Scenario (Higher Probability if Above $167)
* Entry: On reclaim of $173 with strong volume or breakout above $176.5.
* Target 1: $177.5 (Call Wall test)
* Target 2: $180 (next gamma wall)
* Stop Loss: $166 close basis.
* Options Idea: Short-term weekly calls targeting $177.5+ strikes if breakout confirmed, keeping expirations tight (1–2 weeks).
Bearish Scenario (Only If Breakdown Below $165)
* Entry: On break & close below $165.
* Target 1: $160.7 (minor support)
* Target 2: $155 (Put wall)
* Stop Loss: Above $167.
* Options Idea: Short-term puts targeting $160–$155 zone, tight expiration to capture momentum drop.
Summary PLTR remains bullish as long as $167 support holds. Watch for breakout above $176.3 for a gamma-driven push to $180. Options flow shows strong call dominance, but failure to hold $165 could flip sentiment quickly.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always manage risk according to your trading plan.
Technical Overview (30-Min Chart) PLTR has been in a strong uptrend, riding a steep ascending channel from the $151 support region. After hitting a high of $176.33, price has slightly cooled off but remains above $171, indicating healthy consolidation rather than a breakdown. MACD is showing a gradual loss in bullish momentum, while Stoch RSI is oversold—suggesting potential for another leg higher if buying pressure resumes.
Key support lies at $167.50–$165 (previous breakout area), while resistance remains at $176–$180 (channel top).
GEX / Options Sentiment
* Major Call Walls: $177.5, $180 – heavy gamma resistance where market makers could slow price movement if breached.
* Highest Positive NETGEX: $176.3 – aligns with the channel resistance, making it a critical breakout level.
* Strong Call Positioning: 72% concentration at $165–$177.5 range keeps the bias bullish above $167.
* Put Support: $155 – heavy protection level where downside could stall if selling pressure picks up.
Trading Plan
Bullish Scenario (Higher Probability if Above $167)
* Entry: On reclaim of $173 with strong volume or breakout above $176.5.
* Target 1: $177.5 (Call Wall test)
* Target 2: $180 (next gamma wall)
* Stop Loss: $166 close basis.
* Options Idea: Short-term weekly calls targeting $177.5+ strikes if breakout confirmed, keeping expirations tight (1–2 weeks).
Bearish Scenario (Only If Breakdown Below $165)
* Entry: On break & close below $165.
* Target 1: $160.7 (minor support)
* Target 2: $155 (Put wall)
* Stop Loss: Above $167.
* Options Idea: Short-term puts targeting $160–$155 zone, tight expiration to capture momentum drop.
Summary PLTR remains bullish as long as $167 support holds. Watch for breakout above $176.3 for a gamma-driven push to $180. Options flow shows strong call dominance, but failure to hold $165 could flip sentiment quickly.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always manage risk according to your trading plan.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.