PLTR Set to Test $172.5 Breakout — Key Levels to Watch for Sep15Market Preview
* Macro backdrop: U.S. index futures are mixed after last week’s tech-led rally. Rates and dollar steady. No major premarket shocks so far.
* Sector tone: Software and AI remain strong, with ongoing institutional call buying and high GEX levels hinting at continued interest.
Technical Analysis – PLTR
Trend & Structure (1-Hour Chart)
* Price is consolidating around $170–172 after a strong push from mid-$150s.
* Uptrend remains intact with higher highs/lows and a clean ascending channel.
Key Levels
* Support: $168.3 (short-term pivot), $164.3 (deeper retrace), $157.5 (major HVL / 3rd Put Wall).
* Resistance: $171.9 (2nd Call Wall), $176 (GEX7 zone), $182–184 (next major target).
Momentum & Indicators
* MACD on 1H is bullish and expanding.
* Stoch RSI near overbought but still supportive if price consolidates.
* Volume shows healthy accumulation on recent pullbacks.
Options/GEX Insight
* Net positive GEX with Call walls stacked at 172.5 and 180 suggests option-market makers are positioned to support upward pressure.
* IVR 13.4 and IVx ~54 indicate volatility is moderate and not overheated.
Trade Scenarios for Sept 15
* Bullish Plan:
* Entry: Break/hold above $172.5 with volume.
* Targets: $176 → $180.
* Stop: Below $168.
* Bearish/defensive (if rejection occurs):
* Entry: Loss of $168 support.
* Targets: $164 → $158.
* Stop: Above $172.
Summary
PLTR enters Monday with a firm bullish bias. A clean breakout above $172.5 can open a run toward $176–180. Watch the $168 pivot as the line in the sand for trend continuation.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.
