I expect PLTR to break out of its wedge this week. Two options for the breakout, if it can break above $28 it should continue to the upside, and start wave 5 the the Elliot wave. There was a lot of bullish volume at the end of the day Fri. to support the upside move. The max pain for this week is still only $25, and therefore bearish if MM/institutions force the price down into Thurs. for options expiration. I'll recalculate and update the max pain values later in the week.
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Expect a pull back to $28 tomrrow before moving higher. Max pain now at $26 for OPEX, slightly more bullish, but not looking good for Thurs. Max Pain Values: 2020-12-24: 26.0 2020-12-31: 25.0 2021-01-15: 25.0
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