PLTR at Major Supply Zone — Short-Term Pullback Risk Before the Palantir Technologies Inc. Class ABATS:PLTRKush_JaniPLTR has made a powerful earnings-driven move into a major resistance and supply zone around $160–$165. The breakout was supported by unusually high volume, but the stock is now showing signs of being extended in the short term. Bearish short-term signals Price is testing a major historical resistance zone. RSI is above 70, indicating overbought conditions. A large earnings gap remains below the current price. MACD has turned bullish, but the reversal does not yet have enough confirmation to eliminate pullback risk. After such a sharp high-volume move, profit-taking could push the stock back toward lower support. Possible scenarios Bullish breakout scenario: A strong daily close above $165, followed by a successful retest of the $160–$165 zone as support, could confirm continuation toward the next major target near $190. Bearish rejection scenario: If PLTR is rejected from the current supply zone, the stock could begin filling part of the earnings gap and retest the major $130–$135 demand zone. Key levels Immediate resistance: $160–$165 Breakout confirmation: Daily close above $165 Bullish target: $185–$190 Major support and demand zone: $130–$135 Lower support: Approximately $125–$128 For long-term investors, a pullback into the $130–$135 area could offer a more attractive risk-to-reward entry than buying immediately after the earnings-driven surge. My current view is short-term cautious or bearish, while the longer-term trend can remain bullish as long as PLTR holds its major support structure. This is personal technical analysis, not financial advice.