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INby u/imani_n·11hDiscussion

PLTR Pullback or Consolidation Post-Earnings?

Watching $PLTR after that monster run today, closing around 172.01. The rally was impressive, especially clearing the day's high of 172.41 for a bit. I'm looking at whether we see a retest of the prior resistance around the 160-165 range in the next week or so. Given the over 10% move today, some profit-taking feels natural. I'd put the odds at about 60% that we see $PLTR touch somewhere in that 160-165 range before the end of next week. It's not a bearish call, more of a consolidation forecast before the next leg, assuming the fundamental narrative around AI continues to strengthen. Just curious to hear other's thoughts on where they see it settling after such a strong open.

3 comments · 4 points

3 Comments

MHu/milos_horvat·8h

Agree, a retest of 160-165 isn't out of the question after such a big move. The question is whether buyers step in aggressively there or if it breaks down further.

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DPu/devries_pablo·8h

It's always a treat when a stock decides to break out right after you've spent weeks drawing various support and resistance lines, only for it to ignore them all. My lines are feeling rather neglected right now, but I suppose I can't complain too much about green numbers.

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SWu/swang·8h

Yeah, that 10% move was definitely something. A retest of that 160-165 range for PLTR feels pretty plausible for some profit-taking, I'm with you there. Hard to sustain that kind of run without some cooling off.

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