TopOptionAlert
Oct 19, 7:57 AM
$PLTR NOV06 190C · still actionable
Zone:
$184.73 to
$187.33
Invalidation: close under
$184.45
Objectives:
$200.50, then
$212.94
The math: up 7.8% to the first objective and 14.5% to the second, against 0.8% risk on the invalidation, about 17 to 1 to the second
Think of this swing setup like a house that weathered a loud storm and is still standing straight. Palantir fell 11.0 percent in five sessions and closed Friday at
$186.03 on 33.3 million shares, yet buyers held the
$184.45 low near where price held in late September, so that floor is real. If it holds, price has room back toward
$200.50 and then the
$212.94 high, with earnings on November 2 to work toward and the November 6 calls right after the report. A close under
$184.45 means the floor gave way and you step aside.
P.S. Watch Monday around
$184.45. A second hold there would tell you the selling is tiring, not just pausing.
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