PLTR: This Drop ≠ February — Setup for 200+

PLTR’s August dip looks nothing like February’s correction. In Feb, price unwound ~30% after insider-sale headlines + gov-spend fears and flushed to the 0.618 retrace, breaking key MAs. This time, the selloff paused at shallow fibs (0.236–0.382), held stacked support ($156 → $148 zone), and buyers stepped in before any trendline/50-DMA break. The catalyst is mostly valuation chatter, not fundamentals. With structure intact, a quick V-shape reclaim is on the table if we clear resistance levels in sequence.

What I’m watching

- Hold above $156 and build higher lows over $158 → momentum base.

- Trigger: reclaim $171.75 (0.382), then $178.7 (0.236) to re-ignite trend.

- Acceptance back over $186–$190 (prior ATH area) opens the 200s.

Why this isn’t Feb

- Depth: Feb = deep 0.618 wash; Aug = shallow 0.236/0.382 tag.

- Structure: Feb broke MAs/trend; Aug holds channel + MAs.

- Narrative: Feb = fundamental risk headlines; Aug = valuation noise while demand pipeline stays active.

Price Targets

- 171.50
- 178.70
- 186 - 190
- 205
- 217 - 235

Not financial advice.