1-Hour Chart Analysis (For Trading):
* Trend: The stock is trending downward within a descending channel.
* Price Levels:
* Resistance Levels: $76.00 and $79.20.
* Support Levels: $73.50 and $70.40.
* Indicators:
* MACD: Slightly bearish crossover, indicating continued selling pressure.
* Stochastic RSI: Oversold but not yet turning upward; signals potential continuation of the downtrend or consolidation.
* Volume: Declining volume shows a lack of momentum to break out of the descending channel.
* Entry Strategy:
* Short Entry: If PLTR breaks below $73.50 with increasing volume, enter a short position targeting $70.40.
* Long Entry: Wait for a breakout above $76.00 with a large bullish candle supported by volume.
* Exit Strategy:
* Place stop-loss at $75.50 for shorts and $74.50 for longs.
Daily Chart and GEX (For Options Trading):
* Gamma Exposure (GEX):
* Call Resistance Levels: $80, $83, and $84.
* Put Support Levels: $75, $73, and $70.
* Options Oscillator:
* IVR: 68 (moderate), suggesting average implied volatility.
* Calls Dominate: 64.5%, showing positive sentiment but with strong resistance overhead.
* Insights:
* Bullish Option Play: Buy calls if PLTR breaks $80 and sustains above $81, targeting $84.
* Bearish Option Play: Buy puts if PLTR breaks below $73 with a target of $70.
Key Observations:
* The stock remains under pressure within a bearish channel.
* Both price action and GEX suggest significant resistance at $80, making this a critical level for bullish scenarios.
* Short-term trades align with a bearish strategy, while any upward momentum must clear $76 decisively.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
* Trend: The stock is trending downward within a descending channel.
* Price Levels:
* Resistance Levels: $76.00 and $79.20.
* Support Levels: $73.50 and $70.40.
* Indicators:
* MACD: Slightly bearish crossover, indicating continued selling pressure.
* Stochastic RSI: Oversold but not yet turning upward; signals potential continuation of the downtrend or consolidation.
* Volume: Declining volume shows a lack of momentum to break out of the descending channel.
* Entry Strategy:
* Short Entry: If PLTR breaks below $73.50 with increasing volume, enter a short position targeting $70.40.
* Long Entry: Wait for a breakout above $76.00 with a large bullish candle supported by volume.
* Exit Strategy:
* Place stop-loss at $75.50 for shorts and $74.50 for longs.
Daily Chart and GEX (For Options Trading):
* Gamma Exposure (GEX):
* Call Resistance Levels: $80, $83, and $84.
* Put Support Levels: $75, $73, and $70.
* Options Oscillator:
* IVR: 68 (moderate), suggesting average implied volatility.
* Calls Dominate: 64.5%, showing positive sentiment but with strong resistance overhead.
* Insights:
* Bullish Option Play: Buy calls if PLTR breaks $80 and sustains above $81, targeting $84.
* Bearish Option Play: Buy puts if PLTR breaks below $73 with a target of $70.
Key Observations:
* The stock remains under pressure within a bearish channel.
* Both price action and GEX suggest significant resistance at $80, making this a critical level for bullish scenarios.
* Short-term trades align with a bearish strategy, while any upward momentum must clear $76 decisively.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.