PLTR is moving in line with the trend structure outlined back in June and updated in early July, now approaching the 170–180 macro resistance zone, which has been a key target since the April low.Chart: tradingview.com/x/yoTjpnbf/
From a macro perspective, there is a potential for an extension to the 240 zone before a more prolonged correction begins.
Macro view: tradingview.com/x/WRrmR9oz/
That said, shorting ahead of earnings (which could be a catalyst for the final leg up) seems risky. But trimming or hedging profits might be a reasonable play here.
Previously on July bottom: tradingview.com/symbols/NASDAQ-PLTR/minds/?mind=w_TVxNx0TV6sYPyQ8Zx3kw
