Skip to main content

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.

Most Popular

BYD Co (1211:HK) Witnessing Signs of Strength

BYD Co (1211:HK) Witnessing Signs of Strength On Friday, we observed strong buying within a wide trading range, with the stock closing near the day’s high and good volume recorded. The previous two days of selling showed relatively low volume, indicating potential supply exhaustion. The stock price is currently at a key resistance level, constrained by a downward trendline and a horizontal support-turned-resistance line. A breakout above this level could signal a potential trend reversal , with an initial technical price target of HK$300.00. The stock is outperforming the broader market, indicating strong market demand, as evidenced by our proprietary Relative Strength Indicator (RSI), which is above zero. Additionally, the volume momentum indicator (FFI) is improving, further supporting the possibility of supply exhaustion. The Stochastic indicator also continues to trend higher, reinforcing a bullish outlook. A stop-loss price is set below HK$248.40 . If the price falls below this l...

Palantir Technologies Inc PLTR: Technical Rebound at Sight After US Broad Market Stabilises

  Palantir Technologies Inc. (PLTR) USD86.24 Palantir (PLTR) posted a bullish reversal, closing above the 13-day SMA (83.56) with significant volume expansion. This signals potential momentum strength in the near term. First key resistance zone between the 50% and 61.8% Fibonacci retracement levels (USD 99.85 – 105.79), which could present selling pressure. Disclaimers apply

DBS Group Holdings (D05) and Straits Times Index (STI): Technical Change of Momentum

         DBS Group Holdings (D05) and Straits Times Index (STI):  Technical  Change of Momentum  Recent price developments in DBS Group Holdings (SGX: D05) and the Straits Times Index (STI) signal a critical inflection point. Both instruments have breached established ascending trendlines, suggesting a potential reassessment in investor sentiment and market trajectory.  DBS Group Holdings (D05) Price Dynamics:  DBS has decisively broken below its ascending trendline, closing at SGD 44.23, registering a 3.53% decline. The price action underscores weakening upward momentum and raises the probability of an extended correction phase. Key Technical Levels: 38.2% Fibonacci retracement: SGD 41.45 50% Fibonacci retracement: SGD 39.78 61.8% Fibonacci retracement: SGD 38.12 Full retracement: SGD 32.72 Outlook:  The breach beneath the trendline suggests an erosion of bullish conviction. Immediate attention should be on the 38.2% retracement le...