PLTR Earnings Price Forecast for Today
This is a very advanced analysis. Where the price is shows a possible reversal but you need to go back in history to find the truth. Many bulls with recency bias about PLTR price maybe trapped today in the after hours.
PLTR looks bearish, and if it drops below the mid gray line after earnings, it can crater quickly to $131 in no time. See blue arrow below.
PLTR to me is what I called long ago the Froth Meter, the fact that it is not near $200 anymore shows that Tech is not longer sexy.
I may just may do a small lotto put on it today.
The "Froth Meter" concept is pretty interesting - I've noticed PLTR tends to front-run broader tech sentiment shifts. The $131 target aligns with major support from last year, but earnings volatilty can blow through technicals fast. I think the real tell will be if volume confirms the breakdown past that mid-gray line.
160+ in my option :)