Market Structure Overview
* Downtrend continuation observed with rejection at the Reversal Zone.
* Price is currently consolidating just below the downward trendline, struggling to break out.
* Volume suggests buyers are stepping in, but not convincingly enough for a strong reversal.
Key Support & Resistance Levels
* Support Zones:
* $78.00 – Psychological support and highest negative NETGEX level.
* $75.00 - $70.00 – Put wall zone, potential last strong support before further downside.
* Resistance Levels:
* $80.00 - $82.00 – Key breakout zone from the current wedge.
* $88.00 - $90.00 – Major resistance from the 2nd CALL Wall.
* $95.00 - $100.00 – Strong Gamma Wall and CALL resistance.
Indicators & Momentum
* MACD: Trying to cross bullish but lacks momentum—still in negative territory.
* Stoch RSI: Near oversold and pointing upwards—short-term bullish impulse possible.
* Volume: Increased slightly, but not confirming a breakout yet.
GEX & Options Insights
* PUT Support: Strongest negative NETGEX level near $78.00, showing that options market expects support here.
* CALL Resistance: Highest concentration between $88.00 - $100.00, suggesting a tough breakout level.
* IVR: 99.4, indicating high implied volatility.
* Options Flow: Calls at 18.1%, slightly bullish but still mixed sentiment.
Potential Trade Setups
* Bullish Case:
* Entry: Above $82.00 with confirmation of strength.
* Target: $88.00 - $90.00 for the first target, $100.00 for aggressive move.
* Stop Loss: Below $78.00 to cut losses early.
* Bearish Case:
* Entry: Rejection at $80.00 - $82.00 and failure to break trendline.
* Target: $75.00, then $70.00 if downside continues.
* Stop Loss: Above $85.00 if momentum shifts bullish.
📌 Final Thoughts: PLTR is at a critical juncture—a breakout above $82.00 could trigger a bullish reversal, but failure to hold $78.00 might bring further downside. Keep an eye on volume and momentum shifts for confirmation.
📢 This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk before trading.
* Downtrend continuation observed with rejection at the Reversal Zone.
* Price is currently consolidating just below the downward trendline, struggling to break out.
* Volume suggests buyers are stepping in, but not convincingly enough for a strong reversal.
Key Support & Resistance Levels
* Support Zones:
* $78.00 – Psychological support and highest negative NETGEX level.
* $75.00 - $70.00 – Put wall zone, potential last strong support before further downside.
* Resistance Levels:
* $80.00 - $82.00 – Key breakout zone from the current wedge.
* $88.00 - $90.00 – Major resistance from the 2nd CALL Wall.
* $95.00 - $100.00 – Strong Gamma Wall and CALL resistance.
Indicators & Momentum
* MACD: Trying to cross bullish but lacks momentum—still in negative territory.
* Stoch RSI: Near oversold and pointing upwards—short-term bullish impulse possible.
* Volume: Increased slightly, but not confirming a breakout yet.
GEX & Options Insights
* PUT Support: Strongest negative NETGEX level near $78.00, showing that options market expects support here.
* CALL Resistance: Highest concentration between $88.00 - $100.00, suggesting a tough breakout level.
* IVR: 99.4, indicating high implied volatility.
* Options Flow: Calls at 18.1%, slightly bullish but still mixed sentiment.
Potential Trade Setups
* Bullish Case:
* Entry: Above $82.00 with confirmation of strength.
* Target: $88.00 - $90.00 for the first target, $100.00 for aggressive move.
* Stop Loss: Below $78.00 to cut losses early.
* Bearish Case:
* Entry: Rejection at $80.00 - $82.00 and failure to break trendline.
* Target: $75.00, then $70.00 if downside continues.
* Stop Loss: Above $85.00 if momentum shifts bullish.
📌 Final Thoughts: PLTR is at a critical juncture—a breakout above $82.00 could trigger a bullish reversal, but failure to hold $78.00 might bring further downside. Keep an eye on volume and momentum shifts for confirmation.
📢 This analysis is for educational purposes only and does not constitute financial advice. Always 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.