Long

PLTR – Flat Top Breakout + Earnings Gap Reversal

– Flat Top Breakout with Earnings Gap Reversal
Palantir () is setting up for a potential explosive move, combining two of my favorite setups:

🔹 Flat Top Breakout (ATH Setup)

Price is pressing against the $126 resistance, a clear flat top breakout level.

A clean move above this triggers a breakout to new all-time highs (ATH).

🔹 Earnings Gap Down Reversal (Bullish Signal)

Recently, PLTR gapped down on earnings — but bulls stepped in fast, pushing it back up.

This is a classic gap down reversal setup, a strong signal of bullish momentum.

We saw the same setup play out on , which reversed after earnings and broke out to ATH.

🔹 My Trading Plan:
1️⃣ Anticipatory Entry: Looking to buy dips into the shaded cloud zone (dynamic support).
2️⃣ Breakout Confirmation: Add size on a clean breakout above $126.
3️⃣ Stop Loss: Tight stop below the cloud zone to protect capital.

🔹 Why I Love This Setup:

Gap reversals signal aggressive buying even after bad news — a sign of a strong market.

Flat top breakouts tend to have explosive follow-through, especially with earnings momentum.

kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

Also on:

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kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

Also on: