Palantir Technologies Inc.Updated PLTR Technical Analysis & GEX Options Setup for February 26
📌 Key Observations from the Charts
1. Market Structure & Price Action:
* PLTR is in a descending channel, with a strong rejection from the 109 level and now testing the 100-95 support zone.
* Support Levels:
* 100.16 (current price zone, potential reaction area).
* 95.77 (next major support & put wall level).
* 90.00 (extension downside target if selling accelerates).
* Resistance Levels:
* 106.27 (POC, first resistance).
* 109.01 (VAH & major resistance).
* If PLTR loses 95, expect a sharper decline to 90 or lower.
2. Volume Profile & Auction Levels:
* Point of Control (POC): 106.27 → Major liquidity area, key to reclaim for upside.
* Value Area High (VAH): 109.01 → Strong resistance zone.
* Value Area Low (VAL): 100.16 → Key level to hold for buyers.
3. Indicators Review:
* MACD: Bearish, momentum still pushing lower.
* Stochastic RSI: Oversold but no clear reversal yet.
🛠️ Options GEX Analysis
* Call Resistance:
* 120-130 → High gamma resistance, strong call walls.
* Put Walls & Support Zones:
* 95 → Highest Put Wall & Negative NETGEX Support.
* 90 → Major Put Wall—if lost, could lead to further downside.
* Implied Volatility (IVR & IVx):
* IVR 70.3 | IVx Avg 85.9 → High volatility, expect larger price swings.
* Call Positioning 42.6% → Some bullish positioning, but put walls are strong.
📈 Trade Setups & Game Plan
🔴 Bearish Scenario (Preferred Setup)
🔹 Entry: Short below 100 confirmation. 🔹 Target 1: 95.77 (Put Wall Support). 🔹 Target 2: 90.00 (Put Wall Breakdown Level). 🔹 Stop-Loss: Above 104 (invalidates breakdown). 🔹 Options Strategy:
* Buy PUTS 100/95 expiring 1-2 weeks out if breakdown confirms.
* Debit Put Spread (Bearish 100P/90P for risk control).
🟢 Bullish Scenario (Less Likely)
🔹 Entry: If price reclaims 104-106, targeting 109+. 🔹 Target 1: 106.27 (POC, first resistance). 🔹 Target 2: 109.01 (major resistance). 🔹 Stop-Loss: Below 100 invalidates upside move. 🔹 Options Strategy:
* Sell 95/90 Put Credit Spread for a bounce play.
🎯 My Thoughts & Suggestions
* Main Bias: Bearish, unless 104+ is reclaimed.
* Gamma Risks: Below 95, strong gamma exposure can push PLTR lower quickly.
* Options Play: Puts look stronger based on GEX positioning & technical weakness.
⚠️ Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. All trading involves risk, and past performance is not indicative of future results. Please do your own research and consult a professional financial advisor before making any investment decisions.
1. Market Structure & Price Action:
* PLTR is in a descending channel, with a strong rejection from the 109 level and now testing the 100-95 support zone.
* Support Levels:
* 100.16 (current price zone, potential reaction area).
* 95.77 (next major support & put wall level).
* 90.00 (extension downside target if selling accelerates).
* Resistance Levels:
* 106.27 (POC, first resistance).
* 109.01 (VAH & major resistance).
* If PLTR loses 95, expect a sharper decline to 90 or lower.
2. Volume Profile & Auction Levels:
* Point of Control (POC): 106.27 → Major liquidity area, key to reclaim for upside.
* Value Area High (VAH): 109.01 → Strong resistance zone.
* Value Area Low (VAL): 100.16 → Key level to hold for buyers.
3. Indicators Review:
* MACD: Bearish, momentum still pushing lower.
* Stochastic RSI: Oversold but no clear reversal yet.
🛠️ Options GEX Analysis
* Call Resistance:
* 120-130 → High gamma resistance, strong call walls.
* Put Walls & Support Zones:
* 95 → Highest Put Wall & Negative NETGEX Support.
* 90 → Major Put Wall—if lost, could lead to further downside.
* Implied Volatility (IVR & IVx):
* IVR 70.3 | IVx Avg 85.9 → High volatility, expect larger price swings.
* Call Positioning 42.6% → Some bullish positioning, but put walls are strong.
📈 Trade Setups & Game Plan
🔴 Bearish Scenario (Preferred Setup)
🔹 Entry: Short below 100 confirmation. 🔹 Target 1: 95.77 (Put Wall Support). 🔹 Target 2: 90.00 (Put Wall Breakdown Level). 🔹 Stop-Loss: Above 104 (invalidates breakdown). 🔹 Options Strategy:
* Buy PUTS 100/95 expiring 1-2 weeks out if breakdown confirms.
* Debit Put Spread (Bearish 100P/90P for risk control).
🟢 Bullish Scenario (Less Likely)
🔹 Entry: If price reclaims 104-106, targeting 109+. 🔹 Target 1: 106.27 (POC, first resistance). 🔹 Target 2: 109.01 (major resistance). 🔹 Stop-Loss: Below 100 invalidates upside move. 🔹 Options Strategy:
* Sell 95/90 Put Credit Spread for a bounce play.
🎯 My Thoughts & Suggestions
* Main Bias: Bearish, unless 104+ is reclaimed.
* Gamma Risks: Below 95, strong gamma exposure can push PLTR lower quickly.
* Options Play: Puts look stronger based on GEX positioning & technical weakness.
⚠️ Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. All trading involves risk, and past performance is not indicative of future results. Please do your own research and consult a professional financial advisor before making any investment decisions.
Trade active
Feb. 27
PLTR is currently bearish at around $87.74, continuing a clear downtrend within a descending channel. The price remains below the Volume Profile area around $101.35, indicating continued selling pressure. MACD is bearish but attempting to flatten, hinting at potential deceleration in downward momentum. Stoch RSI is oversold, suggesting a possible short-term bounce could develop.
Key Levels for PLTR:
Immediate resistance: around $95.80–$101.35 (POC area)
Immediate support: Channel support around $85–$86, then psychological support near $80.
Quick Outlook: Bearish bias remains dominant. Look for price reactions around channel support for short-term bounce opportunities. Reclaiming the $95.80 area could signal a reversal attempt.
Trade cautiously and manage risks accordingly.
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.