PLTR will hit $120 before end of week

Technical Indicators:

Moving Averages: PLTR's current price of $117.39 is well above its 20-day exponential moving average (EMA) of $89.64 and its 50-day EMA of $77.87, indicating a strong upward trend.
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Relative Strength Index (RSI): The RSI stands at 82.13, placing the stock in overbought territory. While this typically signals potential for a pullback, it can also indicate sustained buying pressure in a strong uptrend.
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MACD: The Moving Average Convergence Divergence (MACD) is at 9.88, which is generally interpreted as a bearish signal. However, in the context of the current strong uptrend, this may reflect short-term consolidation rather than a reversal.
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Chart Patterns:

PLTR recently broke out from an ascending triangle pattern, a bullish continuation signal, suggesting potential for further gains.
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Options Market Activity:

As of February 10, 2025, PLTR options exhibit an implied volatility (IV) of 63.64% with an IV rank of 54.13%, and a volume of 2,075,887 contracts, which is 274.23% of the average daily volume.
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This heightened activity indicates increased trader interest, often associated with expectations of significant price movements.

Conclusion:

The convergence of these technical factors—strong performance above key moving averages, bullish chart patterns, and elevated options activity—suggests that PLTR is poised to close the week with strength in the options market.

I think things will get choppy in the near future,but momentum should take us over $120. For how long, I do not know.

Also, this is no means advice, this is my opinion.

THUNDER