PLTR Testing Key Levels! Scalping, Swing, and Options OpportunitScalping Analysis for PLTR:
1. Support and Resistance Levels:
* Key support near $78-$79 (gamma support and recent horizontal level).
* Resistance at $81-$84 (call wall and gamma resistance).
2. Key Indicators:
* 9 EMA & 21 EMA: Price is below both EMAs on the hourly chart, indicating short-term bearish momentum.
* MACD: Bearish crossover with negative momentum, signaling potential further downside unless a reversal develops.
3. Scalping Plan:
* Bearish Scenario:
* Entry: On rejection near $80-$81.
* Target: $78, $76.
* Stop Loss: Above $82.
* Bullish Scenario:
* Entry: Breakout above $81 with strong volume.
* Target: $83, $84.
* Stop Loss: Below $79.
Swing/Day Trading Analysis for PLTR:
1. Trendlines:
* PLTR broke below a recent consolidation pattern, indicating potential continuation to the downside unless support at $78-$79 holds.
2. GEX Analysis:
* Strong call resistance at $84 and $90, indicating difficulty for bulls in breaking higher.
* Put support near $78, $74, and $70, which could act as key demand zones.
3. Trade Scenarios:
* Bullish Swing:
* Entry: Near $78-$79 on reversal candlestick or breakout above $81.
* Target: $84, $90.
* Stop Loss: Below $77.
* Bearish Swing:
* Entry: Breakdown below $78 with retest confirmation.
* Target: $74, $70.
* Stop Loss: Above $80.
Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $84, $90.
* Put Wall: $78, $74.
2. Suggested Options Strategy:
* Bullish Play:
* Buy Jan 5th $84 Call if PLTR breaks and sustains above $81 with volume.
* Target: Move toward $84-$86.
* Risk: Below $79.
* Bearish Play:
* Buy Jan 5th $75 Put if PLTR breaks below $78.
* Target: $74-$70.
* Risk: Above $80.
3. Options Oscillator Metrics:
* IVR (69.4%) is elevated, indicating higher options premiums. Favor directional plays with tighter stops.
* Put skew (4.8%) suggests slight downside protection, but gamma resistance at $84 limits bullish upside.
Insights:
* PLTR is trading near a crucial support zone at $78-$79, with significant gamma resistance overhead at $84. Watch for confirmation of either a breakdown or a reversal to guide your trading decisions.
* Volume Clarity: Increased trading volume at $81 or $78 will signal the strength of the next directional move.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
