Palantir Stock (PLTR) Soars 90% After 47% Drop – More Upside Ahead?

By: fxleaders|2025/05/08 13:15:01
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Palantir (PLTR) has entered a highly volatile cycle over the past four months, briefly breaking below the 0.382 Fibonacci support at $79.70 to mark a temporary low at $66.11. Since then, it has surged by approximately 89.4%, reclaiming its all-time high at $125.41 this month, though momentum is showing early signs of exhaustion with the histogram ticking lower, even as the MACD remains bullishly crossed and the RSI holds firm in overbought territory without issuing bearish divergence . So far, this month has leaned bearish, with price action turning lower after the recent high. Should Palantir (PLTR) enter another corrective phase, the next key Fibonacci support levels lie at $79.70 and $50. Crucially, as long as the stock holds above the golden ratio at $50, the broader bullish trend remains structurally intact. Bearish Double Top Pattern Threatens The Palantir Stock Price (PLTR) Palantir (PLTR) Stock: More Bearish Signals On The Daily Chart Palantir Eyes Potential Upside of Up To 13 % On the 4H chart, the indicators align closely with the daily chart. The EMAs maintain a golden crossover, confirming the bullish trend in the short term. However, the MACD lines remain bearishly crossed, and the histogram continues to trend lower, reflecting ongoing bearish momentum, while the RSI drifts within neutral territory. Should Palantir (PLTR) regain upward traction, it holds upside potential of approximately 13% before encountering major resistance around the $125 level.

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