PLTR: Key Levels and Technical Insights. Jan. 23Trading Analysis:
* Trend: PLTR is currently recovering strongly from a downtrend, moving above significant resistance levels.
* Key Levels:
* Support: $73.00
* Resistance: $79.96, $80.06 (major resistance wall).
* Indicators:
* MACD: Bullish crossover indicates potential continuation of momentum.
* Stochastic RSI: Overbought but showing signs of potential divergence, which could slow the rally.
* Volume: Recent spikes in volume reinforce bullish sentiment.
GEX Option Insights:
* Gamma Wall: Highest positive NETGEX at $76, acting as a key resistance level.
* Call Walls:
* $76.04: Immediate resistance.
* $80.06: Significant upside target.
* Put Walls:
* $70.00: Support zone.
* $69.00-$68.00: Key levels for downside protection.
* IV Analysis:
* IVR: 86.1
* IVx: Averaging 75.4, indicating options are actively traded but not excessively priced.
Actionable Trade Scenarios:
1. Bullish Setup:
* Entry: Above $76.50
* Target: $79.96 - $80.06
* Stop-Loss: Below $74.50
2. Bearish Setup:
* Entry: Below $73.00
* Target: $70.00
* Stop-Loss: Above $75.00
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and manage risk responsibly.