For the bottoming process to be considered complete, a daily close above $157.09 is needed while closing below $150.28 would invalidate the thesis and trigger a return to the downtrend. PLTR continues to remain range-bound between these two price levels.
$PLTR has been consolidating around the $150 range for 10 consecutive days, with two critical momentum bars at $156.4 and $158, which needs to be surpassed for more price momentum. It appears that $PLTR is building a base within this range.
If the $150 level is breached to the downside, there is a possibility of $PLTR going down to test the next critical momentum bars at $142.80 and $130 as support levels.
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