PLTR – Flat Top Breakout + Earnings Gap ReversalNASDAQ:PLTR – Flat Top Breakout with Earnings Gap Reversal
Palantir ( NASDAQ:PLTR ) 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 NYSE:SPOT , 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.
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OKLO – Base Breakout Setup with a Twist: The Inside Candle CombOKLO is shaping up for a powerful move, and this setup has my attention for a dual-play approach:
🔹 Base Breakout Setup (Primary Entry)
Already in from the initial base breakout around $25, which I shared last week.
Momentum kicked in with that strong May 6th thrust.
🔹 Three Inside Candles (Power Setup)
Since that momentum spike, we've seen 3 consecutive inside candles — a textbook signal of price compression.
Price is hugging the 9 EMA (support zone), a bullish indicator of strength.
🔹 My Trading Plan:
1️⃣ Starter Position: Already in from $25.
2️⃣ Add Position: On a clean breakout above the high of the inside candle range.
3️⃣ Stop Loss: Tight stop below the 9 EMA — keeps risk tight while capturing the breakout.
🔹 Why This Setup is Special:
Inside candles indicate a tug-of-war between buyers and sellers, but with price holding strong above 9 EMA, the bulls have the edge.
Breakout + inside candle combo = explosive potential.
⚠️ Risk Management: Discipline over FOMO — tight stop, but aggressive on breakout.
TEM W pattern + base breakout setupMany of the beaten down tech stocks and ai stocks have this same look. Big basing patterns with a W bottom where clear ranges are being formed for a break of the lid.
Thinking entry here in the 56 range with a stop under todays low shoud get a good entry for the breakout here. NASDAQ:TEM
FED DAY IS HERE! $qqq at MAJOR resistance. Today will be a tellQQQ is stuck under the 200sma and a supply zone. WE have used up a lot of the tarriff deals news flow. The market will be looking to uncle Jerome for direction. If he comes in dovish and says the inflation is tempered we could push through into the suction zone.
If he comes in hot and says the tariff war heating up inflation we could get a big pause on the rally. with the QQQ under so much supply this is a logical spot for Powell to dump on the market.
We have the 9ema under if we break under it will trigger a short for me. if we stay above its a leave alone unless we remount the 200sma on the daily chart.
Long term uptrend for US30After large drop in the last 2 months of US30 there is now big opportunities for several long positions as the market aims to break the previous high it failed pass.
There is also a major double bottom on the weekly time frame confirming the formation of a W structure.
As the market raises to complete the W chart pattern it forms bullish flag pole patterns along the way giving us multiple opportunities to enter the market at every retractment.
For the bears to take control of this market a head and shoulders formation needs to take place with the right shoulder being a break and retest of the trend line.
MOMO stocks on Supports . ROKU 50sma bounce playRoku has been a market leader for all of 2018. after a bit multi day pullback here we are testing the 50sma for the first time in a couple months. This has been a key bounce spot on this name.
The $qqq and $iwm are oversold now we could very well bounce into the close. I am long a few of these for a daytrade. Will turn to swing trade if it can close green and market can ramp up here this could be a nice multi day entry. The close is key!
Concerns for the trade are the $qqq conditions. the tape is weak and $tvix is elevated intraday if $tvix can stay under vwap that will give us the push we need to ramp.
Earnings Breakout SwingMule is a recent earnings winner. after its big gap up day it has been resting in a tight range. even with the recent market fluctuations this has not had any movement to the downside. Think this can be a swing trade with a stop under its recent range for a multi day hold