$Palantir Technologies Inc.(PLTR)$ $Direxion Daily PLTR Bull 2X Shares(PLTU)$ $NVIDIA(NVDA)$ ππ₯π Palantir Cup & Handle Breakout: Path to $200+? ππ₯π
I opened positions in $PLTR and the charts are lining up beautifully.
π Cup & Handle Breakout Confirmed
The 4H chart just closed above the 0.886 fib ($183.38), and weβve already back-tested it successfully on the next candle. Thatβs as bullish as it gets. The setup is a clean cup and handle; textbook continuation.
π Short-Term View (30m)
Price is pressing into the upper Keltner channel, testing near-term resistance at $185β$186. EMAs are stacked bullishly (13, 21, 55) and trending higher. Momentum buyers are clearly in control.
β³ Medium-Term (4H)
Weβre trending along the upper Bollinger band, showing strong buy-side demand. The Keltner channel squeeze is breaking out, historically a signal for expansion to the upside. Higher lows have been building since mid-September, which means smart money accumulation.
π― Levels That Matter
β’ Support: $183.38 (newly reclaimed), $178.22, $169.86
β’ Resistance/Targets: $189.46 (1.0 fib), $204.78 (1.272 fib extension)
The roadmap looks bullish: hold $183.38 and $189 is next, followed by a possible run toward $200+.
π Iβm in positions here, riding this move with conviction!
πβIf Palantir does push into the $200+ zone, do you think it gets there before year-end, or does it consolidate first?
π’ Donβt miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets ππ Iβm obsessed with hunting down the next big movers and sharing strategies that crush it. Letβs outsmart the market and stack those gains together! π
Trade like a boss! Happy trading ahead, Cheers, BC πππππ
@Tiger_comments @TigerStars @TigerObserver @TigerPM
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- Hen SoloΒ·10-02TOPThat back-test of 183.38 gives the move a lot more credibility, itβs the kind of confirmation institutions look for before leaning in heavier. It feels like the same structural pattern I saw in MSFT last quarter when it pressed past its fib wall and never looked back.2Report
- Cool Cat WinstonΒ·10-02TOPI like how you framed the fib breakout here, the 0.886 reclaim is one of those levels that often gets overlooked but itβs critical for momentum. Reminds me of when NVDA reclaimed its 0.786 earlier this year and then ripped straight through resistance.2Report
- Tui JudeΒ·10-02TOPThe cup and handle callout is spot on, and I agree that the Keltner squeeze makes this look like a high conviction setup. Iβve seen similar Bollinger action on AMZN recently, and when it hugged the upper band it didnβt stop until it cleared multiple extensions.6Report
- QueengirlypopsΒ·10-02TOPThis postβs got me locked in, that back-test on $183.38 feels like the kind of level traders dream about holding. The energy in this move is different, like itβs coiled and ready for that pop into the $190s and beyond. With the EMAs stacked and momentum flowing it just looks like a one-way ride higher, and Iβm here for it π§2Report
- Kiwi TigressΒ·10-02TOPSeeing you in positions adds a whole new layer because the chart structure is clean and the fib confluence is screaming upside. I love how the 30m Keltner squeeze lines up with the 4H Bollinger, that combo usually signals expansion. Feels like $189 is only the first pit stop before the momentum machine runs straight to $200.2Report
- JimmyHuaΒ·10-02TOPHappy trading ahead, Cheers, BC1Report
- Merle TedΒ·10-02Its time PLTR passes $200.LikeReport
- Mortimer ArthurΒ·10-02Good price action given fairly low volume. No sellers!LikeReport