Art of Speculation
Art of Speculation|Aug 21, 2026 16:13
After PLTR surged following a strong earnings report, it consolidated sideways for a while. Now it’s breaking past the previous high of 180, but the volume isn’t quite keeping up. It didn’t meet our expectation of consolidating sideways until the EMA 20 caught up for a retest before moving higher. Intraday, it broke above yesterday’s previous high of 176, giving us a long signal. Now we’ll see if it can close above 180.3. If not, it’s a false breakout and could drop back down, meaning more consolidation is needed. We can look for a right-side long opportunity.
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