PLTR Tightening in the Apex – Breakout Imminent?Technical Analysis (1H Chart)
PLTR has been coiling tightly within a symmetrical triangle, pressing into the apex, with price currently hovering around $88.50. It rejected higher highs after touching $93.32, showing signs of compression between trendlines.
* Trendlines: A descending resistance from the FWB:93S and an ascending support from the GETTEX:73S have been holding firm.
* Current Price: $88.54 (Ask), right at a confluence zone.
* Support Zones:
* First support: $84.26 (mid-range support).
* Second support: $73.79 (prior base breakout zone).
* Resistance Zones:
* First resistance: $90.07 (local top).
* Second resistance: $93.32 (breakout pivot).
🧭 RSI is flatlining near 50 — a classic equilibrium in a triangle squeeze. Volume is fading, which is normal before a breakout.
Options GEX Analysis
PLTR's GEX map is one of the most balanced of the group — but it’s sitting right on a Gamma Wall at $88 with serious implications.
* Gamma Wall (Resistance): $88.00 – Highest NET GEX zone, making it a tough ceiling unless there's volume acceleration.
* Key CALL Walls:
* $90 – Moderate resistance (40.7% GEX7)
* $93 – Larger resistance (78.84% at 2nd CALL Wall)
* $100+ – Overhead gamma unwind potential if breakout occurs.
* Key PUT Walls:
* $84 – Weak PUT support.
* $75 – Stronger defensive gamma zone.
* $70 – Ultimate protection (3rd PUT Wall).
📊 Options Sentiment:
* IVR: 80.4 (Very High – traders are betting on volatility)
* IVx avg: 102.2
* Call Flow: 27.8% bullish
* Signal: ✅🟢🟢 (Moderate bullish with gamma support)
Trade Ideas
🔼 Bullish Scenario (If price breaks $90):
* Entry: Above $90.10 breakout candle with volume
* Target 1: $93.33
* Target 2: $95–100 gamma chase if volume surges
* Stop: Below $86.50 (below ascending trendline)
🔽 Bearish Scenario (If it breaks below $84):
* Entry: Below $84 breakdown zone
* Target 1: $80 zone
* Target 2: $75 strong PUT wall
* Stop: Above $88 zone
💭 My Thoughts:
PLTR is coiling for a breakout. The gamma wall at $88 is acting like a magnet, but it can't hold forever. With high IVR and a massive buildup around $90–93, the next breakout could be fast and aggressive. If bulls take control above $90, it could ignite a squeeze into $95+. On the flip side, if it slips under $84, we could revisit $75 quickly.
📉 This analysis is for educational purposes only and does not constitute financial advice. Always do your own due diligence and manage your risk properly.
