Jun. 26 at 4:00 PM
$PLTR Bottoming with Conviction — Michael Burry Covers Short as Price Stabilizes
The Pure Technicals:
- Clear higher low developing after the extended pullback
- Bullish reversal action testing Fonsie Channels support zone
- Consistent volume supporting accumulation near the lows
- Early signs of momentum shift with improving candle structure
Price Targets:
$125 near-term,
$140–
$150 extension on sustained recovery.
Support:
$108–
$110 zone (key base).
Quick DD:
Premier AI-driven software platform with expanding commercial footprint and sticky government contracts.
Michael Burry recently covered his short position — removing a notable overhang.
Strong innovation pipeline in data analytics and AI infrastructure.
Elite business with durable moats and long-term secular tailwinds.
$PLTR is flashing bottoming characteristics at a time when a high-profile short has stepped aside. The setup is compelling for a high-conviction name in AI infrastructure.
