PLTR — Structure Compression Inside Rising Channel

Hello Everyone, Followers,

Palantir is the second one for today.

Lets drill down:

📌 Technical Overview
Palantir is trading inside a well-defined rising structure and is currently compressing between:

- Rising trendline support
- Horizontal resistance near range highs

Price is rotating cleanly inside the channel and respecting all major technical levels.
Moving averages are converging — a classic sign of volatility compression before expansion.

🔹 Key Technical Levels

Support
173 – 170 → Rising trendline support
156 → Major structure demand zone (If it hit this level then that would be a quite good price level to buy.)

Resistance
182 - 183 → Short-term resistance
190 → Range high & breakout trigger
197 – 200 → Fib extension zone
208 → Upper structure target

🔹 Outlook
PLTR is coiling inside a rising structure.
These setups usually resolve with strong directional moves once compression ends.

A breakout above 190 would signal trend continuation toward the 200+ zone.
Failure at trendline support would open a move toward 156.

🔹 My Plan
- Watching reaction at rising trendline
- Bullish only on a confirmed breakout above 190
- Otherwise waiting for another clean bounce from support
- No chasing inside the range

Structure always comes first.

If you enjoy and like clean, simple analysis — follow me for more.

This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.

Have a lovely Sunday to all and hopefully green trade day for next Week.

#SPX500 #NASDAQ #PLTR