Scalping Analysis for PLTR:
1. Support and Resistance Levels:
* Key support near $78-$79 (gamma support and recent horizontal level).
* Resistance at $81-$84 (call wall and gamma resistance).
2. Key Indicators:
* 9 EMA & 21 EMA: Price is below both EMAs on the hourly chart, indicating short-term bearish momentum.
* MACD: Bearish crossover with negative momentum, signaling potential further downside unless a reversal develops.
3. Scalping Plan:
* Bearish Scenario:
* Entry: On rejection near $80-$81.
* Target: $78, $76.
* Stop Loss: Above $82.
* Bullish Scenario:
* Entry: Breakout above $81 with strong volume.
* Target: $83, $84.
* Stop Loss: Below $79.
Swing/Day Trading Analysis for PLTR:
1. Trendlines:
* PLTR broke below a recent consolidation pattern, indicating potential continuation to the downside unless support at $78-$79 holds.
2. GEX Analysis:
* Strong call resistance at $84 and $90, indicating difficulty for bulls in breaking higher.
* Put support near $78, $74, and $70, which could act as key demand zones.
3. Trade Scenarios:
* Bullish Swing:
* Entry: Near $78-$79 on reversal candlestick or breakout above $81.
* Target: $84, $90.
* Stop Loss: Below $77.
* Bearish Swing:
* Entry: Breakdown below $78 with retest confirmation.
* Target: $74, $70.
* Stop Loss: Above $80.
Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $84, $90.
* Put Wall: $78, $74.
2. Suggested Options Strategy:
* Bullish Play:
* Buy Jan 5th $84 Call if PLTR breaks and sustains above $81 with volume.
* Target: Move toward $84-$86.
* Risk: Below $79.
* Bearish Play:
* Buy Jan 5th $75 Put if PLTR breaks below $78.
* Target: $74-$70.
* Risk: Above $80.
3. Options Oscillator Metrics:
* IVR (69.4%) is elevated, indicating higher options premiums. Favor directional plays with tighter stops.
* Put skew (4.8%) suggests slight downside protection, but gamma resistance at $84 limits bullish upside.
Insights:
* PLTR is trading near a crucial support zone at $78-$79, with significant gamma resistance overhead at $84. Watch for confirmation of either a breakdown or a reversal to guide your trading decisions.
* Volume Clarity: Increased trading volume at $81 or $78 will signal the strength of the next directional move.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
1. Support and Resistance Levels:
* Key support near $78-$79 (gamma support and recent horizontal level).
* Resistance at $81-$84 (call wall and gamma resistance).
2. Key Indicators:
* 9 EMA & 21 EMA: Price is below both EMAs on the hourly chart, indicating short-term bearish momentum.
* MACD: Bearish crossover with negative momentum, signaling potential further downside unless a reversal develops.
3. Scalping Plan:
* Bearish Scenario:
* Entry: On rejection near $80-$81.
* Target: $78, $76.
* Stop Loss: Above $82.
* Bullish Scenario:
* Entry: Breakout above $81 with strong volume.
* Target: $83, $84.
* Stop Loss: Below $79.
Swing/Day Trading Analysis for PLTR:
1. Trendlines:
* PLTR broke below a recent consolidation pattern, indicating potential continuation to the downside unless support at $78-$79 holds.
2. GEX Analysis:
* Strong call resistance at $84 and $90, indicating difficulty for bulls in breaking higher.
* Put support near $78, $74, and $70, which could act as key demand zones.
3. Trade Scenarios:
* Bullish Swing:
* Entry: Near $78-$79 on reversal candlestick or breakout above $81.
* Target: $84, $90.
* Stop Loss: Below $77.
* Bearish Swing:
* Entry: Breakdown below $78 with retest confirmation.
* Target: $74, $70.
* Stop Loss: Above $80.
Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $84, $90.
* Put Wall: $78, $74.
2. Suggested Options Strategy:
* Bullish Play:
* Buy Jan 5th $84 Call if PLTR breaks and sustains above $81 with volume.
* Target: Move toward $84-$86.
* Risk: Below $79.
* Bearish Play:
* Buy Jan 5th $75 Put if PLTR breaks below $78.
* Target: $74-$70.
* Risk: Above $80.
3. Options Oscillator Metrics:
* IVR (69.4%) is elevated, indicating higher options premiums. Favor directional plays with tighter stops.
* Put skew (4.8%) suggests slight downside protection, but gamma resistance at $84 limits bullish upside.
Insights:
* PLTR is trading near a crucial support zone at $78-$79, with significant gamma resistance overhead at $84. Watch for confirmation of either a breakdown or a reversal to guide your trading decisions.
* Volume Clarity: Increased trading volume at $81 or $78 will signal the strength of the next directional move.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
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.