Pay attention to $Palantir Technologies Inc.(PLTR)$ right now. This setup doesn't come around often. ๐
๐ THE PLAN:
$Palantir Technologies Inc.(PLTR)$ hold of 161
Day Trade: 4/2 165C
Swing Trade: 4/17 170C
Reasoning Behind the Trade:
$161 acted as hard resistance for 2 consecutive weeks. Today price broke above and closed near there. What makes this significant is Palantir closed at the highs while the broader market showed weakness. If the market shows strength tomorrow, Palantir is likely to lead the move higher.
Growth Story:
Enterprise AI Expansion: Companies increasingly deploying AIP to integrate AI into internal operations
Government Partnerships: Deepening relationships with defense, intelligence, and allied governments
Platform Ecosystem: Expanding Foundry, Gotham, and AIP capabilities to drive recurring revenue
Global Expansion: Growing presence across Europe and Asia for commercial and defense customers
Price Target for PLTR is $200 by end of 2026
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