After a strong bullish trend, PLTR is now showing signs of momentum weakening, with sharp swings and unstable highs.
The long-term ascending trendline (black) remains the key structural support, and price reaction around this level will define the next move.
The 50-day SMA is still holding, but volatility near resistance suggests growing uncertainty.
Bullish Scenario
If price holds the ascending trendline and breaks above recent resistance:
Targets
• Target 1: 195
• Target 2: 205
• Target 3: 215–220
Stop Loss
• Daily close below 175
Rationale:
Holding the trendline and breaking higher would confirm trend continuation and renewed bullish momentum.
Bearish Scenario
If price breaks below the ascending trendline and confirms the breakdown:
Targets
• Target 1: 160
• Target 2: 150
• Target 3: 140–145
Stop Loss
• Reclaim and daily close above 185
Rationale:
A trendline breakdown after multiple failed highs often triggers a deeper corrective phase.
Very Short Summary
• Above trendline → Bullish continuation
• Below 175 → Deeper correction likely
The long-term ascending trendline (black) remains the key structural support, and price reaction around this level will define the next move.
The 50-day SMA is still holding, but volatility near resistance suggests growing uncertainty.
Bullish Scenario
If price holds the ascending trendline and breaks above recent resistance:
Targets
• Target 1: 195
• Target 2: 205
• Target 3: 215–220
Stop Loss
• Daily close below 175
Rationale:
Holding the trendline and breaking higher would confirm trend continuation and renewed bullish momentum.
Bearish Scenario
If price breaks below the ascending trendline and confirms the breakdown:
Targets
• Target 1: 160
• Target 2: 150
• Target 3: 140–145
Stop Loss
• Reclaim and daily close above 185
Rationale:
A trendline breakdown after multiple failed highs often triggers a deeper corrective phase.
Very Short Summary
• Above trendline → Bullish continuation
• Below 175 → Deeper correction likely
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.