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Tactical Trade Recap: Palantir Technologies Inc (NASDAQ: PLTR) & Agricultural Bank Of China Ord Shs H (HKG: 1288)


Tactical Trade Progress: Palantir Technologies (PLTR)

In my previous setup (see bottom chart), I highlighted a potential breakout in Palantir (PLTR) as price approached its all-time high of $125. The setup was supported by a bullish breakout from its consolidation zone, improving stochastic momentum, and rising Fund Flow Index (FFI) — all pointing to strengthening institutional interest.

Fast forward to today (top chart), the trade has progressed in line with our expectations. PLTR has successfully broken above the $125 resistance level and continues to trend within the anticipated upward channel.

Price has surpassed Target 1 ($133.49) and is now approaching Target 2 ($147.60), with Target 3 ($161.71) remaining in view should bullish momentum persist. Notably, FFI remains positive, and relative strength vs. the S&P 500 has continued to improve — reinforcing the medium-term bullish bias.

Our initial stop-loss at $119.38 remains intact, though traders may consider trailing stops to lock in gains as the stock extends higher.

This trade underscores the importance of combining breakout structure with momentum and flow confirmation — an approach that remains central to our tactical trading framework.



Tactical Trade Review: Agricultural Bank of China (1288.HK)

In my earlier post, I highlighted a tactical trade setup for Agricultural Bank of China (1288.HK), citing a bullish breakout from its trading range between HKD 4.90 and HKD 5.14. The bottom chart represents that setup, with price action consolidating just below resistance, supported by an improving Fund Flow Indicator (FFI), constructive stochastic momentum, and rising relative strength vs. the Hang Seng Index.

Fast forward to the present (top chart), price action has followed through as anticipated. The stock successfully broke above the HKD 5.14 level, confirming the breakout. It has since reached Target 1 (HKD 5.38) and is now approaching Target 2 (HKD 5.61). Volume has moderated post-breakout, but remains within acceptable thresholds, while relative strength continues to trend higher — reinforcing the bullish bias.

Our stop remains unchanged at HKD 4.90, and the Long-Term Cycle signal on Chinese financials remains constructive. Barring any adverse market volatility, we continue to hold with the intention to trail stops progressively should the stock push beyond HKD 5.61.

This setup reflects the disciplined process of identifying trading ranges, anticipating breakout potential, and validating follow-through with fund flows and volume analysis.


Disclaimers apply

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