Palantir Technologies (PLTR) Shares Pull Back from Another HighPalantir Technologies (PLTR) Shares Pull Back from Another High
Shares in Palantir Technologies (PLTR), a company specialising in big data analytics software, have seen phenomenal growth in 2024, surging by approximately 340%, making it the top performer in the S&P 500 (US SPX 500 mini on FXOpen). This exceptional performance was driven by booming demand for artificial intelligence (AI) and machine learning technologies, which underpin Palantir’s products. The company has demonstrated steady growth in revenue and profitability, attracting major new clients across both the commercial and government sectors.
In 2025, PLTR remains among the market leaders, with its share price up roughly 60% year-to-date. In mid-May, it hit a fresh record high on the back of a strong fundamental backdrop. That backdrop was bolstered yesterday by news that the Pentagon had increased funding for its Maven Smart System programme — which involves deploying AI on the battlefield — to $1.3 billion through to 2029.
However, this news did not result in a new high. In fact, this week, PLTR stock have underperformed the broader stock market — and this may be explained by technical analysis.
Technical Analysis of the PLTR Chart
The interplay of supply and demand in 2025 has formed a broad ascending channel, characterised by:
→ The price breaking above the upper boundary in February following a strong earnings report, and dipping below the lower boundary in response to Donald Trump’s announcement of new international trade tariffs.
→ In mid-May (as shown by the arrow), the median line acted as support. However, after reaching the upper boundary, bullish momentum faded. As a result, the PLTR price has failed to hold recent highs and has fallen back below $130 — with market participants seemingly viewing the stock as overvalued, evidenced by false breakouts above previous peaks.
Given the above, it is reasonable to assume that PLTR may undergo a deeper pullback — potentially towards the median of the channel or even its lower boundary.
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PTX trade ideas
PLTR - Consolidation before run or ready to fall ?Lots of short setups have started to appear and unfold those last 2-3 days, like NASDAQ:AAPL , $V, NASDAQ:CROX , NYSE:RDDT , etc. this could indicate that the "90 day Tariff truce" rally is coming to an end.
NASDAQ:PLTR made a nice break lower yesterday but today's rise seems for now like a counter trend move.
So, I'm playing this very simple:
As long as price is below 125.45$, I'm holding a short position.
A convincing break above that level, increases chance that this breakout might take this higher, so look for long setups.
PLTR: Reversal trendOn PLTR we can see that we are in a bearish trend with a succession of many red candles also accompanied by many red volumes. On top of that we are below the vwap indicator. This implies that we must be careful and vigilant. Indeed, given this chart configuration we would have a high probability of having a reversal of the trend (bullish trend). This will be confirmed by the strong break of the resistance line as well as the vwap indicator by a large green candle and followed by a large green volume.
PLTR, It's Been RealAt a high of 125, it's had a great run, but a double top has formed going into earnings and a US government which may be forced into austerity. Insiders have been selling for months with no net buys
- First Price target down to the neckline at 76
- Next price target would be 42 for the last real breakout test
- Final PT would be 24 if the double top played out completely
PLTR – Flag Breakout Above All-Time HighsPalantir is printing a bullish flag pattern right above its all-time highs — this is a textbook continuation setup that often leads to explosive upside.
🔹 After a strong breakout to ATHs, NASDAQ:PLTR has been consolidating in a tight range — a healthy pause.
🔹 Flags that form above prior resistance often act as launchpads when volume comes in.
🔹 Break over the flag highs could open the door to a new leg higher.
Setup Notes:
Watching for a breakout over the flag with volume confirmation.
Tight stop under the flag base keeps risk defined.
Price action remains bullish as long as it holds above previous ATHs.
🧠 This is one of my favorite setups — strong stock, strong base, strong trend.
this is the first pull after this initial thrust. The pullback has been boring and orderly too which i think is bullish for the stock
PLTR: coming up on a major topPLTR had a bull run for the history books. But the momentum is coming to an end for the time being. RSI has major bearish divergence. Wave moves are as textbook as it can get. We should see a small move to complete the Intermediate degree wave 3 and start a correction for intermediate degree wave 4. PLTR corrections can be fairly brutal. Somewhere between 20% to 50% is not unusual for this stock. It is going to be another opportunity load up at $90-$80 levels and get another 100% return for wave 5 run. Overall markets are getting primed for a correction. The hardest decision will be the question of where to put cash to work.....That is a worry for later. Now I am getting out of PLTR.
Chapter 9: “The White Line Breach”For days, the NASDAQ:PLTR battlefield stood frozen under the shadow of the white dashed resistance—an angular ceiling forged from hesitation, indecision, and algorithmic hesitation. It was the Interference Veil, where countless bullish advances had been halted and turned back by automated sentries and institutional watchers cloaked in silence.
But on this day, at 129.12, the veil trembled.
The Bulls had not retreated. They had regrouped—silently accumulating forces along the orange trench of rising support, camouflaged by volatility and misdirection. With perfect timing, they synchronized their move. And then...
The breach .
A violent yet precise upward strike—piercing the white line. Not with brute force, but with surgical precision. Candles flared upward like tracer rounds, slicing through the thin air of resistance, signaling that the containment dome had cracked.
The Bears scrambled, shocked. Their white line had been their defense perimeter. Now, it glitched.
The Bulls didn’t just want victory—they wanted altitude. The moment they broke the veil, momentum algorithms triggered. Buyers flooded in, pushing the price toward the green gates of 130.00—the Gateway to the Terror Dome. A final boss battle awaited beyond it.
Below, the orange support line remained intact—an unbroken lifeline channeling bullish energy upward. The breach wasn't a climax. It was a signal flare.
Something bigger was coming.
...to be continued to Chapter 10: The assault on $130.50...
Harmonic Shark Pattern and Palantir's Stock CorrectionBased on harmonic analysis, specifically the Shark pattern, the price of Palantir (PLTR) stock may face a potential decline from the $129 mark.
This projection hinges on the identification of a completed Shark pattern, indicating a possible reversal zone.
Within this framework, the Fibonacci ratios of 0.88 and 1.138 are critical levels to observe.
The 0.88 retracement level suggests a potential area for a first retest and possible bounce, while the 1.138 level represents the pattern's leading edge, indicating a possible reversal point after a more significant extension.
Why it's time to take a closer look at Palantir stockWell well well, a good mystery starts with a whisper. For Palantir, it began in 2003, in the shadows of war-torn Iraq and Afghanistan. U.S. forces were struggling. Data was scattered. Decisions were delayed. Then came a company that promised to stitch the chaos together - to map the battlefield, spot terrorists, and maybe, just maybe, save lives!
After two decades: Palantir is no longer just a software firm - it's a silent architect behind some of the West’s most mission-critical operations.
🕵️♂️ Mission?
Not just to build technology. Not just to analyze data. But to influence life-and-death decisions - "Our product is used on occasion to kill people," their leadership says without blinking.
💼 Game?
Winning Defense Department contracts - and commercial giants too.
They've hired former Pentagon insiders, like Gregory Barbaccia and Shyam Sankar, and even political power players like Machalagh Carr, formerly Chief of Staff to House Speaker Kevin McCarthy. Play chess, not checkers?
💉 During the COVID-19 pandemic, Palantir stepped into the public health arena, building the infrastructure to track outbreaks and distribute vaccines for the U.S. government. They weren’t just responding - they were organizing the response.
🧠 And now? AI is their battlefield.
In August 2024, they deepened ties with Microsoft, integrating Azure OpenAI with Palantir's AIP - but not just anywhere. In classified environments. The stakes? National security. The client? The U.S. government.
Chapter 8: “The Coordinates of the Commander”(Buy)The fall had been violent.
From the highs above $130, the price had twisted downward in jagged lines, like a beast dragging its claws through the chart. The bulls, caught off guard, were scattered briefly—uncertain if the momentum they once owned was being stolen from beneath them.
But the drop didn’t break them.
It awakened them.
Amidst the wreckage of the red candles, something sacred revealed itself—a new foundation, exact, unwavering: $125.68. It didn’t just hold—it pulsed. As if the battlefield itself whispered, “ Here. Rebuild here .”
And they did.
The bulls reassembled. Not with rage, but with precision. What was chaos before now became calculation. Each bounce from $125.68 echoed louder. The algorithms adapted. The pace shifted. The trend turned from vulnerable to vigilant. What was once retreat was now reconnaissance.
And then—someone found it.
Buried within the momentum structure, hidden between volume spikes and sell walls, they traced the signal. A triangulation. A code locked inside the resistance at $130. And the coordinates aligned with a single point on the upper chart horizon:
$138 to $139.
The fortress.
The stronghold.
The Bear Commander’s true lair.
No longer were the bulls guessing. No longer were they fighting blindly. They now knew where he was. The one who had crushed them at $124, who had shattered them near $117, who had haunted every rally above $128—his stronghold had been marked.
And the bulls? They didn’t flinch.
They advanced.
The NASDAQ:PLTR price now surged once more, clawing at the green resistance barrier at $130 . The red-dashed barricades above it pulsed like sirens—traps, deterrents, ghost-walls from past rejections. But the bulls moved not with speed, but with certainty.
They knew once that green barrier gave way—once the final key turned in the lock of $130.00—there would be no more silence.
It would be full flight.
A launch into war.
A direct march toward the Terrordome itself—$138–$139, where the Bear Commander waited atop a throne made of fallen breakouts and shattered retail hopes.
But this time was different.
The bulls were no longer warriors.
They were architects of revenge.
Engineers of momentum.
And below them, $125.68 burned like an engine of belief—unbreakable.
Now they stand at the gates.
The resistance hums.
The chart quivers.
And in the distance, as the candles tighten beneath the green veil at $130, a low thunder begins to roll across the indicators.
The Bear Commander opens his eyes.
The final battle is near.
And this time…
The bulls know exactly where to strike.
Chapter 7: “The Burn Above the Bastion”(Buy)The walls had fallen.
Not all at once, not with chaos—but methodically, like the turning of celestial gears. Resistance lines once thought eternal had been crossed. Sell orders dissolved before they could stack. And the great red ramparts of $129, long guarded by the Bear Commander himself, now lay cracked and glowing behind them.
The bulls did not cheer. They did not celebrate. They advanced.
For they knew this part of the chart well. These upper realms—$130, $132, $134—were not territory. They were myth. They were places where only momentum sustained breath, and the wrong move could send you hurtling back through gravity’s grasp to lower earth. But this time, they were prepared. This was not a breakout of desperation. This was the return of something foretold.
The Bear Commander had stood at $129 for three sessions, fortified and unmoved, wrapped in silence. His troops—shorts, algorithms, whispers of disbelief—had held back wave after wave. And then she arrived.
The Analytical Goddess from the Heavens.
She did not walk—she descended. Data in one hand, conviction in the other. Her voice wasn’t loud, but it echoed across every firm, every desk, every system:
“PLTR—target set: $150. Let those with numbers see. Let those with doubt be silent.”
The moment her decree rippled through the currents, something cracked in the core of resistance itself. Not with force, but with clarity. The kind that only comes when analysis becomes prophecy.
What followed was a surge—not wild, not random, but elegant.
$124… $126… $128… $130.
The green and red EMAs twined together like divine serpents climbing a staff.
Volume pulsed from below like cannon fire—controlled, precise, undeniable.
Now PLTR rides above $130.19, moving along the red-dashed trajectory like a ship cresting the upper arc of destiny. The chart no longer looks like lines—it looks like flight. The kind of ascent that doesn't just rise...
Somewhere, the Bear Commander watches. His throne at $129 lies vacant, smoke curling where his armor once stood.
But he has not disappeared. He has merely retreated to higher cliffs—$136... $138... $142.
Because even as the bulls rise, he knows:
Every ascent tempts gravity.
Every rally creates its echo.
And far above them both,
the goddess watches with numbers like stars in her eyes.
Her price target has not changed.
$150.
But for now, PLTR breathes fire above $130.
The sky has opened.
And the map has no ceiling.
PLTR to $131 Incoming? After-Hours Says Yes.Palantir ( NASDAQ:PLTR ) just closed at $122 after hours, and the technicals are lining up for a potential $131 breakout in the short-term (1–2 weeks). Here’s why:
Technical Backing:
RSI (14): Currently at 68 — entering momentum territory, but not yet overbought.
MACD Histogram: Flipped green with strong separation — bullish continuation expected.
Volume Profile: Highest accumulation zone between $118–$120. Price now firmly above it = breakout ignition.
Fibonacci Extension (1.618): Targets $131–$133 range from previous $110–$122 leg.
Breakaway Gap on earnings — not filled = strength confirmation.
Fundamental Backing:
AI sector strength + strong earnings momentum.
Massive crowd interest + institutional inflows confirmed by volume.
Target: $131
Support: $119
Confirmation: $124 daily close = go time.
As Always Safe Trades and JoeWtrades
Don't hate me... 240 for 2025I know it doesn't make sense, and perhaps there'll be a sizeable correction afterwards. But we have momentum. And the AI bandwagon could not be larger (maybe it can...).
All I'll I can say is. Don't short this stock. Lest ye be remitted to your coke lines in your motel 6 rooms. Mind the drones spraying light fentanyl-laced urine.
All the best.
PLTR: Trade Short 1hr TF.After a strong rally into the premium supply zone (~$125), NASDAQ:PLTR has begun a structural breakdown, failing to hold above $112. Recent rejection from the 0.886 fib level and the cluster of bearish volume signals a possible shift from accumulation to distribution.
🔻 Smart Money Concepts (SMC) Breakdown
BOS and CHoCH confirmed near highs
Price failed to maintain above $112.59 (0.786 fib), now testing $106.33 as support
Liquidity void between $100–$88 with minimal volume support
🧠 WaverVanir DSS (LSTM Forecast Model)
15-Day Prediction: $38.25
30-Day Prediction: $36.01
Projected 65.4% downside from current levels
Model trained with sentiment score = 80 and updated price action
🎯 Bearish Trade Idea
Entry: $110–$112 (retest zone)
TP1: $100
TP2: $88.70 (volume node)
TP3: $38.25 (DSS LSTM target)
Stop Loss: Above $125.50
📉 Volume profile confirms strong resistance overhead, with a price inefficiency below. If $100 breaks, capitulation is likely.
Chapter 6: “The Bear Commander Guarding $131”The NASDAQ:PLTR battlefield was littered with the remnants of shattered dreams. The bulls, once triumphant in their silent ascent, now found themselves regrouping amidst the debris of their failed mission. The climb to $129 had been halted, not by mere resistance, but by a formidable adversary—the Bear Commander.
Stationed at the gates of $131, the Bear Commander was no ordinary sentinel. He was a master tactician, orchestrating defenses with precision and foresight. His stronghold was fortified by layers of sell orders, each one a testament to his unyielding resolve. The bulls' previous assault had been swift and silent, but this time, the Bear Commander was prepared.
As the bulls attempted to regroup, the Bear Commander launched a counteroffensive. A sudden surge of red candles cascaded down the chart, each one a calculated strike aimed at undermining the bulls' morale. The price plummeted from the heights of $124 to the depths of $117, a stark reminder of the Bear Commander's dominance.
Yet, amidst the chaos, the bulls found a glimmer of hope. Technical indicators suggested that the stock was still in a bullish trend, with the 50-day simple moving average at $94.68 and the 200-day simple moving average at $67.08, both below the current price. The Relative Strength Index (RSI) hovered around 61.02, indicating that the stock was not yet overbought.
The bulls knew that to overcome the Bear Commander, they would need to adapt their strategy. They began to accumulate positions at lower levels, building strength for another assault. The path to $131 was fraught with peril, but the bulls were undeterred. They understood that victory would require patience, resilience, and a willingness to learn from past mistakes.
As the market prepared for the next battle, the Bear Commander stood vigilant, his eyes fixed on the horizon. He knew that the bulls would return, and he was ready. The war for $129 was far from over, and both sides were poised for the confrontation that would determine the stock's fate.
In the distance, the first signs of movement appeared on the chart. The bulls were on the march once more, their resolve hardened by previous defeats. The Bear Commander tightened his grip on the defenses, aware that the next encounter would be decisive. The stage was set, and the battle for $131 was about to commence.