Look, I get it. Palantir (PLTR) is that stock everyone either loves to love or loves to hate. It’s like the Tesla of data analytics – polarizing, mysterious, and somehow always in the spotlight. But here’s the thing: while you’ve been debating whether it’s genius or just good marketing, PLTR has quietly crushed it with a 144% gain this year. Yeah, you read that right.
So what’s the latest drama? Well, Friday’s inflation report came in cooler than expected (thank goodness), and PLTR popped over 2% in afternoon trading. While other tech darlings like Meta were having a rough month, Palantir was out here doing its thing with a solid 3% gain over the trailing month.
The Technical Tea (Don’t Worry, I’ll Keep It Simple)
Here’s where it gets interesting – and slightly nerdy. PLTR is currently sitting in what the chart wizards call a “5-5-U formation.” Translation: five weeks up, five weeks down, but with an overall upward trend. Think of it like a really indecisive friend who can’t pick a restaurant but somehow always ends up somewhere good.
The math nerds are saying PLTR should naturally cluster around $189-$196, with the sweet spot at $190. Last week, it printed what’s called a “4-6-D sequence” – basically a dip that smart money tends to buy. And guess what? That’s exactly what happened.
The Reality Check
Now, before you start throwing your rent money at PLTR, let’s pump the brakes. With gains like these already baked in, the question isn’t whether Palantir is a good company (it probably is), but whether there’s still juice left in this squeeze.
The optimistic scenario? We could see $200 by mid-December when the options expire. That’s not exactly moon-shot territory from current levels, but hey, steady gains beat lottery tickets most days of the week.
The Bottom Line
Palantir is in that weird sweet spot where it’s not screaming “buy me” but it’s also not flashing red warning signs. The CPI boost was nice, the technical setup looks decent, and there’s no obvious reason the party has to end tomorrow.
But here’s my friendly reminder: just because a stock has been on fire doesn’t mean it’ll keep burning forever. PLTR has had an incredible run, and while the fundamentals seem solid, you’re paying premium prices for premium expectations.
If you’re already in, maybe don’t get too greedy. If you’re thinking about jumping in, maybe don’t bet the farm. And if you’re sitting this one out entirely? That’s probably not the worst idea either.
Sometimes the best trade is the one you don’t make. But if you do decide to play, at least now you know what you’re getting into.