Long
PLTR - Still pullback possible until 17.6(ish) and than reversal
Hello Tradingview community,
I believe PLTR has yet not reached it's bottom during this pullback.
As seen on the chart palantir has been in a downtrend for almost a month (since the q3 earnings).
Around 18 there is a strong support (where PLTR bounced during the pullback in may), we will see next week if the support is strong enough.
If the downward channel gets broken after a bounce from the support level, this could be the beginning of a reversal.
On the RSI chart is also shows that PLTR is oversold.
I sold a call last week with strike price @26.5 for 23dec (will close this one today probably).
Holding PLTR @24 (since march) and will buy a LEAP this month when i get the funds (to trade the PMCC).
Enjoy your weekend!
I believe PLTR has yet not reached it's bottom during this pullback.
As seen on the chart palantir has been in a downtrend for almost a month (since the q3 earnings).
Around 18 there is a strong support (where PLTR bounced during the pullback in may), we will see next week if the support is strong enough.
If the downward channel gets broken after a bounce from the support level, this could be the beginning of a reversal.
On the RSI chart is also shows that PLTR is oversold.
I sold a call last week with strike price @26.5 for 23dec (will close this one today probably).
Holding PLTR @24 (since march) and will buy a LEAP this month when i get the funds (to trade the PMCC).
Enjoy your weekend!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.