PLTR Breakout Pullback β€” $161 Target

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PLTR Breakout Pullback β€” $161 TargetPalantir Technologies Inc. Class ANASDAQ:PLTRivvixπŸ“ˆ LONG PLTR @ $158.80 | Stop $156.70 | Target $161.00 πŸ”‘ Setup: Breakout pullback at reclaimed resistance. Multi-day consolidation at $150-157 broken to the upside on strong volume. Looking for a hold above $158.50-158.80 on the pullback to confirm acceptance above prior range highs. πŸ“Š Why this level: - 1h: Bullish March impulse followed by tight $150-157 consolidation under prior highs - 15m: Gap-and-go through $157.50-158 with strong volume β€” prior overhead supply cleared - Options flow: Repeated call buying at $160 strike confirming upside pressure ⚑ Catalyst: Broad risk-on rally β€” S&P +1.8%, Nasdaq +1.9%, VIX crushed -8%. AI/defense names leading. 🎯 Target: $161 (round number pivot + squeeze extension zone) πŸ›‘ Stop: $156.70 (back inside prior range = thesis invalidated) βš–οΈ R:R: 1.05:1 | Confidence: 78%