PLTR Coiled Tight – Breakout Setup Above All-Time Highs

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Palantir (PLTR) is setting up for a powerful move after tight consolidation above prior all-time highs—a classic sign of institutional support. The base-on-base pattern signals strong demand at higher prices, with buyers absorbing supply without letting the stock drift too far from highs.

Volume has remained consistent, showing accumulation. Relative strength is rising, confirming PLTR as one of the market’s current leaders. The company has posted strong earnings growth, expanding margins, and continues to benefit from macro themes in AI, government contracts, and big data infrastructure.

Price is stacked above all major moving averages (10, 21, 50, 200), a technical sign of strength across short and long-term trends. Combined with a tight range and low volatility in the handle, the setup reflects conviction and low risk.

Trade Setup:
📈 Entry: 133.50 – 140.28
🛑 Stop: 126.70 – 124.26
🎯 Target: 160 – 166

We’ll look to add on a breakout with volume or if price digests gains and forms another mini base near the highs.

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