PLTR - Double bottom? Good setup & price for LT hodlers/LEAPS

13 Ara 2021

Dear Tradingview Community

This areas already functioned as a support last week, when it bounced around the 18 mark.
The double bottom is the sign of a reversal but, this doesn't mean it's 100% sure it's gonna happen.

The current micro-economics (inflation and FED fear) don't look good for a lot of growth-stocks and a further slide down is still possible (but let's hope not).

I'm not gonna set a PT because i'm in it for the LT, but on the chart you can see some supports and resistances.

Have a good trading week!

Disclosure: I opened a LEAP position for the 19th of 2024, so that i can practice my PMCC

15 Ara 2021

Not

Today it will be clear if there is a trend reversal or if the downtrend will continue.
I believe this will depend on the outcome of the FED meeting.

I think the worst outcome is already priced in, so if they react less harsh than expected I think most growth stocks will have a little boost.