PLTR Oct. 1 – Testing the Top of the Range!

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🚀Intraday View (15-Min Chart)
PLTR surged early but is now pulling back from $183 resistance, consolidating near $181 within an ascending channel. Momentum has cooled, with MACD rolling over and Stoch RSI slipping toward oversold.
* Support Levels: $181.40, $178.86, $177.48
* Resistance Levels: $182.76, $183.00
* Indicators: MACD showing bearish histogram build, Stoch RSI nearing bottom levels.
📌 Intraday Thought (Oct. 1): If $181 holds, PLTR could bounce back to retest $182.7–$183. A breakdown below $181 risks sliding to $178.5–$177.5. Scalpers can lean long near $181 support with stops just below, or fade strength near $183 resistance.

Options & Swing View (1H + GEX)
snapshot
Gamma levels outline the battlefield:
* Upside: Strong call wall at $182.5–$187.5, with another stacked wall above $190.
* Downside: Key put support near $172.5–$170, with deeper protection at $162.5.
This paints a range between $177.5–$183 short term. A breakout over $183 could fuel a run toward $187.5–$190, while losing $177.5 risks momentum fading back to $172.
* Bullish Play (Oct. 1): Calls or spreads targeting $187.5–$190 if $183 breaks convincingly.
* Bearish Hedge: Short puts toward $177.5 → $172 if $181 support fails.
* Neutral Play: Iron condor between $177–$183 for range capture while PLTR churns sideways.

My Thoughts (Oct. 1)
PLTR is pressing into the upper end of its range again. The $183 level is the line in the sand—above it, we could see quick follow-through toward $187.5+. If it can’t clear $183, expect chop back toward $178. For now, I’d trade this as a range setup, but keep tight risk management if $183 breaks.

Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.

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