TopOptionAlert
Oct 20, 3:35 AM
$PLTR NOV20 200C · still actionable
Zone:
$192.79 to
$195.51
Invalidation: close under
$184.45
Objectives:
$209, then
$225
The math: up 7.7% to the first objective and 15.9% to the second, against 5.0% risk on the invalidation, better than 3 to 1 to the second
Dear friend, think of this swing setup like a ball that fell down the stairs on Friday and then bounced high on Monday instead of sitting still at the bottom. Palantir closed Monday at
$194.15, up 4.4 percent, after buyers held the
$186.16 low and kept price well above the
$184.45 low from Friday, and earnings on November 2 give that bounce a real test soon. What that means is simple. The floor sits plain underneath us, and if it holds there is room back toward
$209 first and
$225 next, while a close under
$184.45 would say you step aside.
P.S. Watch
$196.99 on Tuesday. It was the high on Monday, and a close over it would show buyers pushing toward earnings, not just bouncing off the low.
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