Technical Analysis (TA) & Price Action
Palantir (PLTR) is trading within a falling wedge pattern, indicating that the downtrend may soon be nearing exhaustion. The stock has reached a critical support zone at $84-$85, aligning with the highest negative NETGEX and significant PUT support.
Key observations:
* Trend Structure: PLTR remains in a downtrend, but a reversal is possible if this key support holds.
* Support & Resistance:
* Major Resistance: $90-$93 (previous breakdown level).
* Key Support: $84 (highest negative NETGEX, strong support zone).
* Breakout Target: $100-$105 if momentum shifts.
* MACD Indicator: Showing continued bearish momentum, but near a potential bullish crossover.
* Stoch RSI: Deeply oversold, suggesting a bounce could be imminent.
Options Flow & GEX Analysis
The GEX (Gamma Exposure) indicator highlights significant PUT dominance, with extreme negative gamma near $84. A break below could trigger a major sell-off toward $80, while a hold at this level could lead to a sharp reversal rally.
* IVR (Implied Volatility Rank): 74.2, with IVx avg at 82.4%, indicating high volatility.
* Call Side Bias: 27.6% of options flow, meaning bullish bets are increasing.
* Key GEX Levels:
* PUT Wall & Key Support: $84 → A breakdown could bring $80 as the next stop.
* CALL Resistance & Upside Target: $90 → A move above this level could send PLTR to $100+.
Trade Plan & Suggestions
📌 Bullish Reversal Setup (Preferred Play)
* Entry: Above $86 with strong volume confirmation.
* Target 1: $90
* Target 2: $100-$105 (Extended breakout target).
* Stop-loss: Below $82
📌 Bearish Breakdown Setup (Hedge Play)
* Entry: Below $83 with strong selling pressure.
* Target: $80 → $78
* Stop-loss: Above $85
Final Thoughts
PLTR is at a high-risk, high-reward level, with $84 acting as the major support zone. If buyers step in, a short squeeze rally toward $90-$100 is likely. However, if selling pressure continues, a break below $84 could accelerate losses toward $80. Watch volume and market conditions closely before making a trade.
📢 Risk Management: Keep tight stop-losses, wait for volume confirmation, and manage position sizing carefully.
🔹 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk accordingly before trading.
Palantir (PLTR) is trading within a falling wedge pattern, indicating that the downtrend may soon be nearing exhaustion. The stock has reached a critical support zone at $84-$85, aligning with the highest negative NETGEX and significant PUT support.
Key observations:
* Trend Structure: PLTR remains in a downtrend, but a reversal is possible if this key support holds.
* Support & Resistance:
* Major Resistance: $90-$93 (previous breakdown level).
* Key Support: $84 (highest negative NETGEX, strong support zone).
* Breakout Target: $100-$105 if momentum shifts.
* MACD Indicator: Showing continued bearish momentum, but near a potential bullish crossover.
* Stoch RSI: Deeply oversold, suggesting a bounce could be imminent.
Options Flow & GEX Analysis
The GEX (Gamma Exposure) indicator highlights significant PUT dominance, with extreme negative gamma near $84. A break below could trigger a major sell-off toward $80, while a hold at this level could lead to a sharp reversal rally.
* IVR (Implied Volatility Rank): 74.2, with IVx avg at 82.4%, indicating high volatility.
* Call Side Bias: 27.6% of options flow, meaning bullish bets are increasing.
* Key GEX Levels:
* PUT Wall & Key Support: $84 → A breakdown could bring $80 as the next stop.
* CALL Resistance & Upside Target: $90 → A move above this level could send PLTR to $100+.
Trade Plan & Suggestions
📌 Bullish Reversal Setup (Preferred Play)
* Entry: Above $86 with strong volume confirmation.
* Target 1: $90
* Target 2: $100-$105 (Extended breakout target).
* Stop-loss: Below $82
📌 Bearish Breakdown Setup (Hedge Play)
* Entry: Below $83 with strong selling pressure.
* Target: $80 → $78
* Stop-loss: Above $85
Final Thoughts
PLTR is at a high-risk, high-reward level, with $84 acting as the major support zone. If buyers step in, a short squeeze rally toward $90-$100 is likely. However, if selling pressure continues, a break below $84 could accelerate losses toward $80. Watch volume and market conditions closely before making a trade.
📢 Risk Management: Keep tight stop-losses, wait for volume confirmation, and manage position sizing carefully.
🔹 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk accordingly before trading.
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.