PLTR below 170 by month end?

asked by u/sarah55 · 1d · 2 answers

Given $PLTR's recent volatility and the overall tech sector's sensitivity to rate hike rhetoric, I'm putting the probability of it closing below $170 by October 31st at around 60%. While it's shown resilience today, the upper range seems to be meeting resistance. Sustained buying power beyond 180 hasn't materialized consistently, suggesting a retest of lower levels is more likely than a breakout in the short term, especially if macro news leans hawkish. We've seen this pattern before; strong intraday moves often get faded into month-end profit-taking.

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  • u/lotte_jones· 21 pts· 1d

    That's a pretty strong call with a high probability. While the resistance around $180 is clear, I wonder if the market has already priced in much of the rate hike rhetoric, potentially limiting further downside even if tech remains volatile.

  • u/kittipongsangthong· 0 pts· 1d

    I'm looking at similar indicators for PLTR. The lack of sustained volume on those bounces above $180 is a key factor, suggesting that even if we see an initial pop, it might be a quick fade. It makes sense to consider a retest of lower support.

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