Market Structure & Key Levels
* Current Price: $90.60
* Support: $84.40, $78.58
* Resistance: $95, $100
PLTR is showing bullish momentum after bouncing off key support near $84.40. The price action has shifted, breaking multiple Change of Character (ChoCH) levels to the upside, signaling a potential reversal.
Reversal Zone Analysis
PLTR has rebounded from the liquidity zone and is approaching a potential resistance area between $90 - $95. If price holds above $90, a move toward $95 and possibly $100 is likely.
Options & GEX Analysis
* IVR: 77.2
* IVx Avg: 82.5
* GEX: Green (indicating bullish positioning)
* Put Walls: $80, $75, $70
* Call Walls: $95, $100
Options flow suggests that PLTR has strong put support at $80, while gamma resistance lies at $95-$100, making it a key area to watch for rejection or breakout.
Trading Plan & Strategy
Bullish Scenario (Preferred)
* Entry: Above $90 with volume confirmation
* Target: $95, then $100
* Stop-Loss: Below $88
Bearish Scenario (Less Likely)
* Entry: If price rejects at $95
* Target: $85
* Stop-Loss: Above $95
Options Trade Idea
* Bull Call Spread: Buy $90 Calls, Sell $100 Calls (April Expiry)
* Credit Put Spread: Sell $85 Puts, Buy $80 Puts
Final Thoughts
PLTR appears to be regaining momentum, but $95 is a key test level. If price sustains above it, expect continuation toward $100. Otherwise, a rejection may bring a retrace toward $85. Watch volume and option flow to confirm direction.
Disclaimer
This analysis is for educational purposes only and not financial advice. Please do your own research and manage risk accordingly.
* Current Price: $90.60
* Support: $84.40, $78.58
* Resistance: $95, $100
PLTR is showing bullish momentum after bouncing off key support near $84.40. The price action has shifted, breaking multiple Change of Character (ChoCH) levels to the upside, signaling a potential reversal.
Reversal Zone Analysis
PLTR has rebounded from the liquidity zone and is approaching a potential resistance area between $90 - $95. If price holds above $90, a move toward $95 and possibly $100 is likely.
Options & GEX Analysis
* IVR: 77.2
* IVx Avg: 82.5
* GEX: Green (indicating bullish positioning)
* Put Walls: $80, $75, $70
* Call Walls: $95, $100
Options flow suggests that PLTR has strong put support at $80, while gamma resistance lies at $95-$100, making it a key area to watch for rejection or breakout.
Trading Plan & Strategy
Bullish Scenario (Preferred)
* Entry: Above $90 with volume confirmation
* Target: $95, then $100
* Stop-Loss: Below $88
Bearish Scenario (Less Likely)
* Entry: If price rejects at $95
* Target: $85
* Stop-Loss: Above $95
Options Trade Idea
* Bull Call Spread: Buy $90 Calls, Sell $100 Calls (April Expiry)
* Credit Put Spread: Sell $85 Puts, Buy $80 Puts
Final Thoughts
PLTR appears to be regaining momentum, but $95 is a key test level. If price sustains above it, expect continuation toward $100. Otherwise, a rejection may bring a retrace toward $85. Watch volume and option flow to confirm direction.
Disclaimer
This analysis is for educational purposes only and not financial advice. Please do your own research and manage risk accordingly.
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.