Palantir at Last Support

15 Mar 2022

I have been watching Palantir closely since the February 24, 2022 spike low. PLTR was a darling of 2021 but has fallen victim to the "Pandemic Round Trip" like many stocks. The $10 psychological level has so far held with afore mentioned spike and today there was short term price action (see below) above $10 that may confirm a low risk entry.

I have decided to take this trade for the long term with far out January 2024 $30 Strike Calls. If this is a long term bet then I should use my imagination.

15 Mar 2022

Not

30 minute timeframe Spike Alert

17 Mar 2022

Not

Good start to the positions with a 3 to 1 off entry on the 30m timeframe...