PLTR has tried to break the 27.70 level 2 times and got rejected and it's attempting to try again right now. With the RSI having more room to run and the MACD with a bullish cross on, I think we have a great setup for a break above 27.70 level.
Added 20 $27 calls expiring 1 Oct an hour ago. This is in addition to my LONG position.
P.S This is my first ever idea publish :)
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Now that we have broken over 27.70, there is room to run till 29 where I am planning to close my calls. I would expect a retracement after it hits 29 and then breaks through 30.
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