Quick look at PLTR’s current setup on the 4-hour chart.
📈 Technical Analysis (TA):
* PLTR is testing critical resistance within a descending channel around $86-$90; important decision point here.
* Recent Change of Character (CHoCh) hints bullish momentum might be picking up.
* Watch carefully the $90.94 level for breakout confirmation.
* Strong support clearly established at recent BOS level around $71.81–$78.45. Crucial floor if price retraces.
* Significant overhead resistance near $125 if a strong breakout occurs.
📊 GEX & Options Insights:
* Strong positive NET GEX and CALL resistance at $100; key gamma level to watch for potential moves.
* Robust PUT support clearly marked at $70; strong floor for downside protection.
* IV Rank extremely high at 74.2%; premiums rich and ideal for selling options or using defined-risk spreads.
* CALL ratio at 44.3%, suggesting mixed sentiment, slightly leaning bearish.
💡 Trade Recommendations:
* Bullish Play: Confirm breakout above $90.94 before entering calls, targeting up toward $100 gamma wall initially. Keep stops just under $85.
* Bearish Play: Watch for a strong rejection at current resistance levels; consider puts back toward $78 and potentially lower.
* Neutral setups: High IV makes Iron Condors or premium collection strategies attractive between clear levels ($70–$100).
🛑 Risk Management: With elevated volatility, tight stop-losses and careful position sizing are essential.
Stay sharp, traders!
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
📈 Technical Analysis (TA):
* PLTR is testing critical resistance within a descending channel around $86-$90; important decision point here.
* Recent Change of Character (CHoCh) hints bullish momentum might be picking up.
* Watch carefully the $90.94 level for breakout confirmation.
* Strong support clearly established at recent BOS level around $71.81–$78.45. Crucial floor if price retraces.
* Significant overhead resistance near $125 if a strong breakout occurs.
📊 GEX & Options Insights:
* Strong positive NET GEX and CALL resistance at $100; key gamma level to watch for potential moves.
* Robust PUT support clearly marked at $70; strong floor for downside protection.
* IV Rank extremely high at 74.2%; premiums rich and ideal for selling options or using defined-risk spreads.
* CALL ratio at 44.3%, suggesting mixed sentiment, slightly leaning bearish.
💡 Trade Recommendations:
* Bullish Play: Confirm breakout above $90.94 before entering calls, targeting up toward $100 gamma wall initially. Keep stops just under $85.
* Bearish Play: Watch for a strong rejection at current resistance levels; consider puts back toward $78 and potentially lower.
* Neutral setups: High IV makes Iron Condors or premium collection strategies attractive between clear levels ($70–$100).
🛑 Risk Management: With elevated volatility, tight stop-losses and careful position sizing are essential.
Stay sharp, traders!
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.