PLTR Has been a front runner in the recent rally
$Palantir Technologies Inc.(PLTR)$ Has been a front runner in the recent rally, the $NVIDIA(NVDA)$ for 2025 as I compared in previous publications with NVDA in the first half of 2024. This stock reached $129 as anticipated in April, and then consolidated that zone for a couple of weeks. The price rallied last week towards the weekly bullish target $143 as anticipated with precision in this same publication, and the price retraced immediately. Today, the weekly candle is showing indecision, the RSI is in a divergence mode (higher highs in price and lower highs in the oscillator), and weekly volume is drying.
The central weekly level at $139.4 is critical for validating the bearish thesis. A sustained price below this level indicates bearish continuation, with $134 as the immediate downside target and potentially $130 considering the confluence with the annual level/line in the chart. Conversely, if the market opens the week in the green, helping PLTR reclaiming $139.4 could ignite a bullish continuation towards $142.7 before a consolidation or bearish reversal.
NFLX also reached the anticipated bullish target $1,250, and during the last three weeks the price has been consolidating at that zone. The bearish RSI divergence mentioned for PLTR also exists for Netflix and it’s highlighted in the chart. A consolidation around the $1,250 zone is both normal and healthy. Even though Friday's close was above next week's central weekly level (a bullish first step) it's wise to consider both scenarios just in case. The week ahead is packed with economic news, and the support and resistance levels have proven to be accurate for framing the price action.
This stock's direction depends on the $1,230.7 support level. Holding above this level confirms bullish continuation, with an immediate target of $1,249.2. However, a breach of $1,230.7 would signal a potential bearish reversal towards $1,212.9.
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