PLTR remains in a long-term uptrend, but the stock is currently under pressure after a sharp selloff that pushed price to the lower Bollinger Band. The recent decline has pulled shares below the middle Bollinger Band, signaling weakening short-term momentum. While the MACD histogram has been improving from deeply negative levels, it remains below the zero line, indicating that bearish momentum has not fully reversed.


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The area around $115–120 is acting as an important support zone; holding this level could lead to a relief bounce toward the $130–140 region. However, a break below support would increase the risk of a deeper retracement. For now, traders may want to wait for confirmation of a reversal before becoming aggressively bullish.

Wishing you the best,

Wendy