PLTR – Short Setup After a Huge Gap Up
PLTR gapped up massively, now trading at $103+—potential exhaustion signal. Here's why I see a short opportunity:
📉 Key Reasons to Short:
Gap Up Exhaustion – Unsustainable surge
Volume Surge – Possible profit-taking
RSI Overbought – Due for a pullback
Far Above MAs – Mean reversion likely
Psych Resistance – $100+ may trigger selling
🔻 Short Entry: $103–105
🎯 Target: $84.70 (prior resistance)
🚨 Stop: Above $110
⚠️ Not Financial Advice – Just My View
Trade smart. Manage risk. What’s your take? 👇
#PLTR #Stocks #ShortTrade #Trading #StockMarket #Investing
📉 Key Reasons to Short:
Gap Up Exhaustion – Unsustainable surge
Volume Surge – Possible profit-taking
RSI Overbought – Due for a pullback
Far Above MAs – Mean reversion likely
Psych Resistance – $100+ may trigger selling
🔻 Short Entry: $103–105
🎯 Target: $84.70 (prior resistance)
🚨 Stop: Above $110
⚠️ Not Financial Advice – Just My View
Trade smart. Manage risk. What’s your take? 👇
#PLTR #Stocks #ShortTrade #Trading #StockMarket #Investing
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.