Based on the technical analysis (TA) indicators visible in the chart, here’s why selling PLTR at $82.07 seems like a strategic decision:

1. Overbought Condition in Bollinger Bands

• The price of PLTR is near or above the upper Bollinger Band ($84.78). This suggests an overbought condition where prices have deviated significantly from the mean (the middle Bollinger Band, $74.04). Traders often sell at these levels to lock in profits before potential mean reversion.

2. Resistance at $84.80

• The chart shows a previous high around $84.80, which likely acts as a resistance level. As the price approaches this level again, traders may expect selling pressure, making it a logical point to exit or reduce positions.

3. Volume Confirmation

• Volume appears elevated during the recent upward move. This could indicate exhaustion after a sustained rally, prompting profit-taking before a potential pullback.

4. Trendline and Momentum

• While the overall trend remains bullish, the price has moved significantly above key moving averages. This might indicate a short-term overextension, encouraging cautious traders to sell at a high point.

$Palantir Technologies Inc.(PLTR)$