OWEN_T_WOOODBRIDGE
Oct 12, 12:02 PM
$PLTR is getting extended far above its 200-day moving average, reaching a distance last seen around its previous ATH in November 2025.
My take: the momentum is impressive, but chasing a move this extended comes with risk. Strong stocks can keep running longer than expected, but they can also pull back sharply when profit-taking kicks in.
I’m watching to see whether bulls can sustain this momentum or if price needs to cool off and consolidate before the next leg higher. I’d rather wait for a clean setup than chase green candles at these levels.
Bullish trend, but risk management comes first.
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