PLTR Technical Analysis – Reversal in Progress?Market Structure & Key Levels
* Current Price: $90.60
* Support: $84.40, $78.58
* Resistance: $95, $100
PLTR is showing bullish momentum after bouncing off key support near $84.40. The price action has shifted, breaking multiple Change of Character (ChoCH) levels to the upside, signaling a potential reversal.
Reversal Zone Analysis
PLTR has rebounded from the liquidity zone and is approaching a potential resistance area between $90 - $95. If price holds above $90, a move toward $95 and possibly $100 is likely.
Options & GEX Analysis
* IVR: 77.2
* IVx Avg: 82.5
* GEX: Green (indicating bullish positioning)
* Put Walls: $80, $75, $70
* Call Walls: $95, $100
Options flow suggests that PLTR has strong put support at $80, while gamma resistance lies at $95-$100, making it a key area to watch for rejection or breakout.
Trading Plan & Strategy
Bullish Scenario (Preferred)
* Entry: Above $90 with volume confirmation
* Target: $95, then $100
* Stop-Loss: Below $88
Bearish Scenario (Less Likely)
* Entry: If price rejects at $95
* Target: $85
* Stop-Loss: Above $95
Options Trade Idea
* Bull Call Spread: Buy $90 Calls, Sell $100 Calls (April Expiry)
* Credit Put Spread: Sell $85 Puts, Buy $80 Puts
Final Thoughts
PLTR appears to be regaining momentum, but $95 is a key test level. If price sustains above it, expect continuation toward $100. Otherwise, a rejection may bring a retrace toward $85. Watch volume and option flow to confirm direction.
Disclaimer
This analysis is for educational purposes only and not financial advice. Please do your own research and manage risk accordingly.
