3
PLTR below 170 by month end?
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.
2 comments · 3 points
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.