Jun. 29 at 4:21 PM
$PLTR
There’s been a lot of narrative flow around this name, but from a pure tape perspective, what matters most is price structure.
Back in early April 2026,
$PLTR was trading near its cycle lows around ~
$122 before sentiment shifted sharply. Since then, it has been through a deep drawdown of roughly -46%, with recent price action attempting to stabilize around the ~
$108 support area.
From a trading standpoint, this is where context and chart matter more than headlines. Support is being tested, volatility is elevated, and positioning looks reset compared to earlier in the year.
Watch the daily chart closely - reactions at
$108 and follow-through above prior resistance levels will define whether this is base-building or continuation of weakness.
Here's 5 reasons to buy this company:
