Market Structure & Price Action
* PLTR is currently trading at $84.82, showing signs of a potential reversal from a previous downtrend.
* The stock found support around $78.58, aligning with a previously identified reversal zone.
* There is early bullish detection as price has broken above the descending channel, potentially signaling a shift in trend.
* Resistance at $90.97 is a key level to watch for a continued move higher.
Supply & Demand Zones
* Support Zone: $78 - $80 (Reversal zone, where buying pressure emerged)
* Resistance Zone: $85 - $92 (Potential rejection or breakout zone)
* Higher Target Zone: $100 - $105 if the bullish momentum continues
Indicator Analysis
* MACD: Showing bullish momentum, but histogram bars are flattening, suggesting consolidation before the next move.
* Stochastic RSI: Overbought levels indicate potential short-term pullback before further upside.
Options Flow & Gamma Exposure (GEX)
* Call Walls: $100 (72.6%) and $105 (55.18%) indicate where significant call option resistance might occur.
* Put Walls: $75 (-47.11%) and $70 (-99.54%) suggest strong put positioning at these levels.
* IV Rank: 87.4, indicating elevated implied volatility, meaning options premiums are high.
* Options Sentiment: 24.1% call positioning suggests a slight bullish sentiment, but caution is warranted.
Trade Scenarios
Bullish Case:
* Entry: Above $85.50
* Target: $90 - $92, with extended upside to $100 - $105
* Stop-loss: Below $82
Bearish Case:
* Entry: Below $82
* Target: $78 - $75
* Stop-loss: Above $85
Conclusion
* PLTR is showing early bullish signs, but confirmation is needed with a sustained move above $85.
* Watch for a potential retest of support before a breakout.
* Options data suggests strong resistance around $100 - $105, making it a key decision point for further upside.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own due diligence before making trading decisions.
* PLTR is currently trading at $84.82, showing signs of a potential reversal from a previous downtrend.
* The stock found support around $78.58, aligning with a previously identified reversal zone.
* There is early bullish detection as price has broken above the descending channel, potentially signaling a shift in trend.
* Resistance at $90.97 is a key level to watch for a continued move higher.
Supply & Demand Zones
* Support Zone: $78 - $80 (Reversal zone, where buying pressure emerged)
* Resistance Zone: $85 - $92 (Potential rejection or breakout zone)
* Higher Target Zone: $100 - $105 if the bullish momentum continues
Indicator Analysis
* MACD: Showing bullish momentum, but histogram bars are flattening, suggesting consolidation before the next move.
* Stochastic RSI: Overbought levels indicate potential short-term pullback before further upside.
Options Flow & Gamma Exposure (GEX)
* Call Walls: $100 (72.6%) and $105 (55.18%) indicate where significant call option resistance might occur.
* Put Walls: $75 (-47.11%) and $70 (-99.54%) suggest strong put positioning at these levels.
* IV Rank: 87.4, indicating elevated implied volatility, meaning options premiums are high.
* Options Sentiment: 24.1% call positioning suggests a slight bullish sentiment, but caution is warranted.
Trade Scenarios
Bullish Case:
* Entry: Above $85.50
* Target: $90 - $92, with extended upside to $100 - $105
* Stop-loss: Below $82
Bearish Case:
* Entry: Below $82
* Target: $78 - $75
* Stop-loss: Above $85
Conclusion
* PLTR is showing early bullish signs, but confirmation is needed with a sustained move above $85.
* Watch for a potential retest of support before a breakout.
* Options data suggests strong resistance around $100 - $105, making it a key decision point for further upside.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own due diligence before making trading decisions.
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.