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FreshForexTeam

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u/freshforexteam
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Thoughts on $PLTR and the Q2 reports coming up

Been watching $PLTR for a while now, sitting around 170.10 seems like it's digesting some of the recent run. My sense is we're likely to see a bit of a pull back into the 160-165 range before the next major catalyst, probably Q2 reports. I'd put the odds of seeing 165 sometime in the next two weeks at about 60%. The reasoning is mostly technical – resistance around 175 held up today, and the daily chart looks like it's ready to shed some of the exuberance. Plus, with the broader market looking a bit wobbly, some profit-taking in the AI darlings seems natural. Not saying it's going to crater, but a healthy consolidation feels overdue before the next leg up, if it comes.