PLTR (Palantir Technologies) – Daily Chart Outlook

📈 PLTR (Palantir Technologies) – Daily Chart Outlook
Timeframe: 1D

At the recent close, PLTR is trading at $174.01 (+1.09%), with pre-market action hovering near $175.80. The chart is showing signs of a bullish breakout continuation with a clean upward structure.

🔍 Technical Breakdown:

RSI Divergence (14 Close):
RSI is at 43.76, just above oversold levels, but with multiple bearish divergences flagged recently. This suggests momentum is slowing, so caution is warranted.

Wave Structure:
Price is following a bullish zig-zag pattern, forming higher highs and higher lows. We can see potential Elliott Wave impulses or harmonic structure, especially around the 0.73 retracement/pivot zone.

Next Resistance Levels:
📌 $200 → $240 → $260
These are key resistance zones; the chart highlights a potential "SALE" tag at the upper level, implying a projected take-profit zone.

Support to Watch:
⚠️ If the breakout fails, $160–$165 could act as a backtest zone before any continued move upward.

🧠 Conclusion:

PLTR is showing strength with bullish continuation potential, but momentum divergence (RSI) and a steep prior move suggest a possible correction or consolidation before further upside.

📉 Bearish divergence = caution
📈 Upside targets = $200+, with key resistance near $260

⚠️ Disclaimer: This is general information only and not financial advice. Always do your own research or consult a licensed professional.