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.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.