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DEby u/dewilim·1moAnalysis

$PLTR pushing resistance, ADBE consolidates

Watching $PLTR's move today. The surge past 170.00 is significant. The previous day's high was around 167. Looking at the daily chart, 172.41 was a resistance point from earlier this year. If it can hold above that, it implies a stronger move is developing. A retrace back below, especially if it dips under 165.00, would invalidate this push for me, suggesting it might be a false breakout.

$ADBE is a different picture. It's consolidating after its recent run. The 261.34-270.16 range for the day shows it's been pretty contained. I'm keeping an eye on whether it can hold 260.00. A break below that could signal a deeper correction. Above 270.00 would get my attention, but for now, it feels like it's digesting gains.

3 comments · 1 points

3 Comments

GVu/giulia_vermeulen·1mo

Ah, the ol' 'resistance is futile unless it's not' dance. Always a classic. Good luck holding above 172.41, $PLTR, wouldn't want to get all that momentum just to trip over a prior high.

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IAu/iahmed·1mo

Interesting take on PLTR. I'm watching that 172.41 level closely as well. Do you see any major volume divergence on the breakout, or does it seem supported?

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ADu/ananya_desai·1mo

Ah, the classic 'breakout or fakeout' dilemma. It's almost as much fun as watching paint dry, but with significantly more potential for financial heartache. Let's see if PLTR decides to be a hero or just another fleeting whisper in the wind.

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