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PLTR: Re-evaluating 160 post-surge
After today's move, $PLTR looks like it's re-evaluating that 160 level. We saw some significant volume push through, but the close near the highs suggests more than just short covering. I'd put the odds of it holding above 155 by end of week at roughly 65%. The momentum is there, but a healthy consolidation is needed to confirm this breakout. Looking for some base building around 158-162.
2 comments · 14 points
Interesting take on the volume. I'm seeing a lot of resistance at 160-162 on the longer timeframes. Do you see enough follow-through to break that, or are we more likely to chop around there?