PLTR at a Key Decision Point! Bounce or More Downside? Feb. 26
Technical Analysis (TA) & Price Action
Palantir (PLTR) has been in a downtrend, forming a falling wedge on the 1-hour timeframe, which could signal a potential reversal if it breaks out. The stock is currently testing a major support level around $85-$89, which aligns with strong options positioning.
Key observations:
* Trend Structure: PLTR remains in a falling wedge, often a precursor to bullish reversals.
* Support & Resistance:
* Major Resistance: $95.73 (previous breakdown level).
* Key Support: $85 (strong PUT support zone).
* Breakout Target: $100 - $108 if momentum returns.
* MACD Indicator: Flatlining, indicating a consolidation phase before a potential move.
* Stoch RSI: Near overbought, suggesting limited upside unless volume confirms a breakout.
Options Flow & GEX Analysis
The GEX (Gamma Exposure) indicator highlights significant PUT concentration around $85, meaning a break below could trigger additional downside momentum. However, if it holds, a relief bounce toward $95-$100 is possible.
* IVR (Implied Volatility Rank): 79, with IVx avg at 84.2%, showing increased volatility.
* Call Side Bias: 36% of options flow, suggesting some bullish positioning.
* Key GEX Levels:
* PUT Wall & Key Support: $85 → Breaking below could drive price toward $80.
* CALL Resistance & Upside Target: $91-$100 → A breakout here could push toward $108.
Trade Plan & Suggestions
📌 Bullish Reversal Setup (Preferred Play)
* Entry: Above $91 with confirmation of strength.
* Target 1: $95
* Target 2: $100-$108 (Extended breakout target).
* Stop-loss: Below $85
📌 Bearish Breakdown Setup (Hedge Play)
* Entry: Below $85 with strong selling pressure.
* Target: $80 → $75
* Stop-loss: Above $89
Final Thoughts
PLTR is at a make-or-break level, with $85 being the critical zone to hold. If it breaks below, we could see a continuation toward $80. However, if buyers step in, a rally toward $95-$100 is likely. Options data suggests a battle between bulls and bears, making confirmation essential before entering a position.
📢 Risk Management: Given the volatility, traders should size their positions appropriately and wait for volume confirmation.
🔹 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) has been in a downtrend, forming a falling wedge on the 1-hour timeframe, which could signal a potential reversal if it breaks out. The stock is currently testing a major support level around $85-$89, which aligns with strong options positioning.
Key observations:
* Trend Structure: PLTR remains in a falling wedge, often a precursor to bullish reversals.
* Support & Resistance:
* Major Resistance: $95.73 (previous breakdown level).
* Key Support: $85 (strong PUT support zone).
* Breakout Target: $100 - $108 if momentum returns.
* MACD Indicator: Flatlining, indicating a consolidation phase before a potential move.
* Stoch RSI: Near overbought, suggesting limited upside unless volume confirms a breakout.
Options Flow & GEX Analysis
The GEX (Gamma Exposure) indicator highlights significant PUT concentration around $85, meaning a break below could trigger additional downside momentum. However, if it holds, a relief bounce toward $95-$100 is possible.
* IVR (Implied Volatility Rank): 79, with IVx avg at 84.2%, showing increased volatility.
* Call Side Bias: 36% of options flow, suggesting some bullish positioning.
* Key GEX Levels:
* PUT Wall & Key Support: $85 → Breaking below could drive price toward $80.
* CALL Resistance & Upside Target: $91-$100 → A breakout here could push toward $108.
Trade Plan & Suggestions
📌 Bullish Reversal Setup (Preferred Play)
* Entry: Above $91 with confirmation of strength.
* Target 1: $95
* Target 2: $100-$108 (Extended breakout target).
* Stop-loss: Below $85
📌 Bearish Breakdown Setup (Hedge Play)
* Entry: Below $85 with strong selling pressure.
* Target: $80 → $75
* Stop-loss: Above $89
Final Thoughts
PLTR is at a make-or-break level, with $85 being the critical zone to hold. If it breaks below, we could see a continuation toward $80. However, if buyers step in, a rally toward $95-$100 is likely. Options data suggests a battle between bulls and bears, making confirmation essential before entering a position.
📢 Risk Management: Given the volatility, traders should size their positions appropriately and wait for volume confirmation.
🔹 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.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.