👀
So PLTR had a solid ru lately — we broke out of that long downtrend in April, started building higher lows, and ripped all the way to the $125 zone. But yesterday? Oof. Big red candle straight off resistance. That move flushed through the trendline and parked price right around $108 — a level we really need to hold or it starts to look weak.
🧠 My Thought Process:
* Daily Chart shows we’re still in an overall uptrend since March, but this latest pullback is sharp. MACD is starting to roll over, and Stoch RSI already crossed down. I don’t like that combination when we’re at resistance.
* 1H Chart confirms the break of the rising trendline. We dropped fast on volume, found a floor around $107–108, and now we’re just consolidating. Could be a base forming — or a bear flag.
🧲 GEX and Options Insight:
* Gamma ma shows $121–125 as the heavy call resistance zone. That’s our ceiling for now.
* On the downside, $100 is massive PUT support, and there’s a wall sitting at $98.72, which I think could be a magnet if bulls don’t step up.
* GEX is super bearish right now — three red circles, and CALL$ is up at 26.7%, meaning there’s a good amount of overhead pressure. IV rank is also high, so premiums are inflated.
⚔️ Trade Ideas I’m Considering:
1. Bearish short-term:
If we break below $107, I might go for a Put debit spread targeting $100–98. That setup keeps risk-defined and aligns with the GEX magnet zone.
2. Neutral bounce play:
If we reclaim $110+ and start seeing strength with volume, maybe a short-dated Call scalp up to $115, but I’d be quick to cut it. That GEX wall at $121 is brutal resistance.
🔁 Summary:
Right now, PLTR is at a decision zone. The bulls lost momentum, and the options flow is leaning bearish. If we get a bounce, ’m not chasing unless we clear $111–113 with strength. Otherwise, I’ll be watching for a grind lower toward $100–98.
This week might be chop, so I’ll stay nimble.
Disclaimer: This is just my view and how I’m planning. Do your own DD and manage your risk.
So PLTR had a solid ru lately — we broke out of that long downtrend in April, started building higher lows, and ripped all the way to the $125 zone. But yesterday? Oof. Big red candle straight off resistance. That move flushed through the trendline and parked price right around $108 — a level we really need to hold or it starts to look weak.
🧠 My Thought Process:
* Daily Chart shows we’re still in an overall uptrend since March, but this latest pullback is sharp. MACD is starting to roll over, and Stoch RSI already crossed down. I don’t like that combination when we’re at resistance.
* 1H Chart confirms the break of the rising trendline. We dropped fast on volume, found a floor around $107–108, and now we’re just consolidating. Could be a base forming — or a bear flag.
🧲 GEX and Options Insight:
* Gamma ma shows $121–125 as the heavy call resistance zone. That’s our ceiling for now.
* On the downside, $100 is massive PUT support, and there’s a wall sitting at $98.72, which I think could be a magnet if bulls don’t step up.
* GEX is super bearish right now — three red circles, and CALL$ is up at 26.7%, meaning there’s a good amount of overhead pressure. IV rank is also high, so premiums are inflated.
⚔️ Trade Ideas I’m Considering:
1. Bearish short-term:
If we break below $107, I might go for a Put debit spread targeting $100–98. That setup keeps risk-defined and aligns with the GEX magnet zone.
2. Neutral bounce play:
If we reclaim $110+ and start seeing strength with volume, maybe a short-dated Call scalp up to $115, but I’d be quick to cut it. That GEX wall at $121 is brutal resistance.
🔁 Summary:
Right now, PLTR is at a decision zone. The bulls lost momentum, and the options flow is leaning bearish. If we get a bounce, ’m not chasing unless we clear $111–113 with strength. Otherwise, I’ll be watching for a grind lower toward $100–98.
This week might be chop, so I’ll stay nimble.
Disclaimer: This is just my view and how I’m planning. Do your own DD and manage your risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.