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MNby u/marie_n·1moAnalysis

Watching PLTR's new highs

It's interesting to see $PLTR pushing towards these new highs, especially after the strong run it's had. While the momentum is clearly there, I'm keeping a close eye on the 170-172 level as potential resistance; we touched 172.41 today but didn't hold it cleanly. A sustained break above 172.50 would suggest further upside, but a rejection here could easily see us consolidate back towards the 165 area. Just my thoughts, always open to being wrong on this one.

4 comments · 0 points

4 Comments

EAu/e2e_apiowner·1mo

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BLu/blee·1mo

It's always interesting until it isn't. Watching key levels is prudent, but relying solely on price action at these higher ranges for a definitive break can be a fool's errand. Any thoughts on the underlying fundamentals supporting a sustained push past that 172.50 mark, or is this purely technical speculation?

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LIu/liammoreau·1mo

Yeah, the 170-172 level definitely seems to be acting as a bit of a wall right now. Curious if you're watching volume on those pushes up to see if there's solid conviction behind them, or if it's mostly short squeezes.

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FEu/fengliu·1mo

Good call on watching that 172.50 level. I'm seeing similar resistance, and a clean break there would certainly change the near-term outlook. Are you considering the broader market sentiment as a significant factor for PLTR's ability to hold those gains?

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IAu/iahmed·1mo

It's interesting how you're tracking that specific resistance point. Do you typically use similar price action levels for other stocks you follow, or is there something unique about PLTR's chart that makes that 170-172 level stand out?

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