PLTR is grinding at $189.35, pinned just below critical resistance with momentum stalling — but institutional buying pressure and scorching fundamental growth make shorting this name a dangerous ga...

PLTR is trading at $189.35 as of this morning's session, clinging just below a wall of resistance that starts at $190.20 and stiffens further at $191.06. The 24-hour range has been tight — $188.13 to $190.02 — which tells you the market is in a standoff, not a capitulation. Neither side has conviction enough to push through.

The setup is highly unusual: with an earnings date estimated for November 2, 2026, Palantir is sitting on a hair-trigger with roughly 28 days until the next fundamental catalyst. Given the company's track record — eight consecutive earnings beats — any positional crowding heading into that print is a calculated gamble. And right now, the short side is crowded. More on that shortly.

What's driving the narrative into Q3 is acceleration, not deceleration. Palantir reported Q2 2026 revenue growth of 93% year-over-year, and then raised its full-year 2026 revenue guidance accordingly. The company raised full-year revenue guidance to 71% growth in Q1, 10 points ahead of prior guidance, a pattern it subsequently extended again in Q2. The AI infrastructure story here isn't hype — it's showing up in deal flow and contract values in ways that matter to serious traders following this name on Blockchain.news and across institutional desks.

02. That is a perfectly stacked bullish structure, and it confirms that PLTR has been in a sustained uptrend.

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