Palantir 2-17 (scalping + forecast)

🔥 Market Overview:
Trend: Palantir (PLTR) is in a strong bullish uptrend, making new highs but showing signs of exhaustion near resistance.
Key Levels:
Resistance: $120–$125 (recent highs, potential breakout zone).
Support: $114–$115 (Supertrend support).
Indicators:
EMA 9: $118.50 (acting as dynamic support).
EMA 200: $92.74 (long-term uptrend intact).
Supertrend: $114.39 (key level for trend continuation).
MACD: Losing momentum, signaling possible consolidation.
RSI: 63.06 (bullish but nearing overbought levels).
🔥 Scalping Strategy:
🩸 1. Momentum Scalping:

Buy near: $115–$118 on pullbacks.
Target: $122–$125.
Stop-loss below: $112.
🩸 2. Breakout Scalping:

Long if price breaks above: $120, targeting $125+.
Short if price rejects $120, targeting $115.
🩸 3. Range Scalping:

Sell near: $120–$125 resistance.
Target: $115–$112.
Stop-loss: $126 if breakout occurs.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If PLTR breaks $120, expect a push toward $125–$130.
A rejection at $120 could lead to profit-taking, pushing the stock back toward $115–$112.
RSI is approaching overbought levels, meaning short-term volatility is expected.
🔥 News & Market Context:
AI & Government Contracts: Palantir’s role in AI-driven analytics keeps fueling investor demand.
Tech Sector Momentum: The entire AI sector is on fire, but profit-taking risk remains high.
Macroeconomic Factors: Interest rate concerns could trigger sector-wide slowdowns.
🔥 Decision:
🩸 Short-term: Scalp long near $115 or on a breakout above $120.
🩸 Mid-term: Bullish, but extended—watch for consolidation before another move.
🩸 Ideal Play: Buy on dips or wait for a breakout confirmation above $120.

👑 Final Verdict: Palantir remains one of the hottest AI stocks, but profit-taking risk is increasing. Bulls need to clear $120 to maintain momentum.

🔥 LucanInvestor's Quote: "The strongest trends don’t last forever—know when to hold and when to cash in."