PLTR (Palantir Technologies)

Support Zone:

There’s a significant support zone around the $35.80–$36.10 level, marked by the green shaded area. This level has seen multiple bounces in the past, indicating strong buying pressure when the price nears this zone.
The price previously tested and rejected this area, leading to a reversal.

Resistance Levels:

Immediate resistance is around $37.64, as shown by the most recent test of this level on the chart. There’s also a higher resistance at $37.70, which has seen multiple rejections.
Further resistance above these levels is likely around $38.20, near the upper trendline.

Trendlines:

The diagonal white trendline indicates an upward trajectory, showing a bullish trend within this timeframe. PLTR has been respecting this trendline, with each touch leading to a potential bounce upward.

Volume:

The volume shows a slight uptick on the recent bullish move, signaling increasing interest from buyers. Watch for volume confirmation if the price breaks through the current resistance levels.

Entry/Exit Points:

A potential entry could be around the support zone ($36.10) if the price pulls back. However, if you’re already in the trade, watching for a breakout above $37.70 would be a solid bullish continuation signal.
A conservative exit could be around $38.20 or trailing your stop loss as the price moves toward this region.

Indicators:

The oscillators at the bottom seem to be showing bullish momentum building. However, ensure that the oscillator doesn’t go into overbought territory too soon, as this could signal a short-term correction.

Strategy:

Bullish scenario: If PLTR breaks above $37.70 with good volume, it may continue toward $38.20 and potentially beyond. Setting stop losses just below the trendline or the $36.40 level could be a prudent risk management approach.

Bearish scenario: If PLTR fails to hold above the trendline or breaks below $36.10, there could be a retest of $35.80 and possibly lower levels.