[WSB] The Technicals Behind PLTR (SPOILER: MOON! 🚀 )This is the most clickbait-title i've ever used but guess what, there's a reason for it!
Palantir Technologies (PLTR) is the november stock that made everyone rich (except me).
But i got something for you: there is a decent chance for another pump towards our previous high.
So we might be able to lock in another 20%-30% profit (if just buy the stonk :-)).
PLEASE BE CAREFUL: We can see a divergence with the price action and the MACD/RSI,
which means that the price has been moving up, but many people obviously took some profit
(or simply switched over to GME). A STOP LOSS IS MANDATORY IF YOU TRADE THIS STOCK!
Everything is explained on the chart. Here are some levels that might be important for you
Enter below $27.50
Place your Stop Loss $23.60
Target $33.00 and secure your first profits
This is not a financial advice.
cheers fellow autists
Wsb
Vix Term StructureThis shows all the different Volatility products. As you can see, when the 9d Vix goes above the longer term Vix's. Bad things happen. Why? Because if the 9 day vix is higher than the others, it means that people are more uncertain about what will happen in the next 9 days than the next few months. Just something to think about:)
SPY - PPPSPY has broken down from the ascending channel defining the rally from 3/23/2020 to 6/8/2020. It's possible we retest the bottom of the channel as resistance, however, with the large amount of bearish momentum we may just continue straight down to 293. By the end of the month we should be able to tell if this is the end of the bear market rally or if it is a correction leg down before a push up to test the all time high. I am holding $300 puts in the near term, if we retest the bottom of the channel I will be loading up on $295 puts. Puts puts puts (PPP) XD