PLTR is starting to run back up again after briefly finding support at the 168 level recently. The rebound over the last two sessions seems fueled by a fresh wave of positive sentiment, specifically regarding social media speculation and national security headlines linking Palantir’s tools to recent U.S. operations in Venezuela. This geopolitical tailwind, combined with Truist initiating coverage with a "Buy" rating and labeling the stock a top-tier AI asset, has provided the momentum needed to bounce off that support.
I am also looking out for a possible resistance level at 195, which looks to be a double top back in mid-November and December. While the current rally is encouraging, the stock is still navigating a heavy valuation and some recent executive insider selling, which might make that 195 level a tough nut to crack on the first attempt. I have both a put near the last swing low and a covered call just above these double tops to stay protected. I will need to mitigate its movement with these options in hand as we see if this "Venezuela bump" has enough legs to break through the overhead resistance.
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