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Palantir Tech Inc (PLTR) – Anticipating Breakout Beyond All-Time High

 


Palantir (PLTR) – Anticipating Breakout Beyond All-Time High

Technical Overview

Palantir has formed a well-defined trading range below its previous all-time high of $125.00, consolidating with low volatility over recent weeks. The latest breakout candle, supported by strong volume and upward momentum, suggests the potential beginning of a markup phase.

This breakout is further validated by its ability to push above prior highs with increasing participation — a classic breakout signal in both price action and volume analysis.

Technical Observations:

Relative Strength vs. S&P 500:

  • The RS indicator has turned positive (above zero), suggesting that Palantir is now outperforming the S&P 500. This is a critical confirmation of strength in momentum-based strategies.

Fund Flow Index (FFI):

  • FFI remains strongly positive, indicating sustained institutional buying interest. The steady positive histogram supports the strength behind this move.

Breakout Above ATH:

  • Price has convincingly cleared its previous all-time high of $125, a psychological barrier. This marks a potential transition from consolidation to trend continuation.

Stochastic Oscillator (13,3,3):

  • The oscillator is crossing up, pointing to a resurgence in upside momentum, further reinforcing the bullish case.

Trade Plan


Trade Element
Target 1  $147.60
Target 2  $161.71
Stop Loss
Below $119.38 (Range Low / Level 0)

Risk-Reward Profile

This trade setup offers a favorable risk-reward ratio of approximately 2.5:1 to 3.5:1 based on Entry vs. Stop vs. Targets. The breakout pattern, combined with strength in volume and relative momentum, provides a strong technical edge for medium-term swing positioning.



Disclaimer: This analysis is for educational purposes and does not constitute financial advice. Please conduct your own due diligence before taking any trading or investment action.

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