Here’s my fresh read on Palantir for Wednesday’s session, using the 1-hour chart and current GEX data.
1️⃣ Price Action & Structure
* Quick recovery: PLTR found solid demand near $163 and pushed back toward the $170 zone, right where a descending trendline and prior supply meet.
* First ceiling: Immediate resistance sits at $170–171.2. An hourly close above this range could set up a squeeze toward $172.5–175.
* Support watch: $167.5 and $165 are key downside levels if momentum fades.
2️⃣ GEX (Options Flow) Check
* Balanced flow: Calls make up about 47% of options volume, better than NVDA but not screaming bullish.
* Call walls: Strong clusters at $170 and $172.5 (around 77–85% call concentration) can act as magnets if bulls follow through.
* Put defense: Next meaningful put walls sit at $162.5 and $157.5, giving PLTR a defined floor if pressure returns.
3️⃣ Trading Thoughts
* Bullish plan: Consider a starter long on an hourly close over $171.2, aiming for $172.5 and possibly $175. Stop under $167.5.
* Bearish plan: If price rejects $170 and slips below $167.5, a move back to $163 is likely, with $160 as a deeper target.
4️⃣ Option Angles
* Upside play: Short-dated call spreads (170/175) offer defined risk for a breakout.
* Neutral to cautious: Selling puts around $160 can work if you believe the $162.5 gamma wall will hold.
5️⃣ My View
Palantir is showing early strength after a healthy shakeout. If it can firmly retake $170 with volume, bulls have a clean shot to reclaim the mid-$170s. I’ll wait for that hourly confirmation before committing.
Disclaimer: This analysis is for educational discussion only and is not financial advice. Always do your own research and manage risk before trading.
1️⃣ Price Action & Structure
* Quick recovery: PLTR found solid demand near $163 and pushed back toward the $170 zone, right where a descending trendline and prior supply meet.
* First ceiling: Immediate resistance sits at $170–171.2. An hourly close above this range could set up a squeeze toward $172.5–175.
* Support watch: $167.5 and $165 are key downside levels if momentum fades.
2️⃣ GEX (Options Flow) Check
* Balanced flow: Calls make up about 47% of options volume, better than NVDA but not screaming bullish.
* Call walls: Strong clusters at $170 and $172.5 (around 77–85% call concentration) can act as magnets if bulls follow through.
* Put defense: Next meaningful put walls sit at $162.5 and $157.5, giving PLTR a defined floor if pressure returns.
3️⃣ Trading Thoughts
* Bullish plan: Consider a starter long on an hourly close over $171.2, aiming for $172.5 and possibly $175. Stop under $167.5.
* Bearish plan: If price rejects $170 and slips below $167.5, a move back to $163 is likely, with $160 as a deeper target.
4️⃣ Option Angles
* Upside play: Short-dated call spreads (170/175) offer defined risk for a breakout.
* Neutral to cautious: Selling puts around $160 can work if you believe the $162.5 gamma wall will hold.
5️⃣ My View
Palantir is showing early strength after a healthy shakeout. If it can firmly retake $170 with volume, bulls have a clean shot to reclaim the mid-$170s. I’ll wait for that hourly confirmation before committing.
Disclaimer: This analysis is for educational discussion only and is not financial advice. Always do your own research and manage risk before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.