Long
Sensitive level of 21.50
21.50 is the most important level for Palantir to trade. In most cases, it has experienced a 12-27% bounce.
This is not a long-term trade setup!
Fibo:
it has a significant negative correlation with Nasdaq, so it could outperform in a possible negative market!
Entry:21.5
Stop loss: 21 9closed below 21 in the daily chart)
Reward/Risk:6
Target range: 24.5
Time Frame: 1-2wks
Possible gain:14%
Possible loss:>3%
Option trade:
Buy call 21.5 July 23 at 50-55 cents
This is not a long-term trade setup!
Fibo:
it has a significant negative correlation with Nasdaq, so it could outperform in a possible negative market!
Entry:21.5
Stop loss: 21 9closed below 21 in the daily chart)
Reward/Risk:6
Target range: 24.5
Time Frame: 1-2wks
Possible gain:14%
Possible loss:>3%
Option trade:
Buy call 21.5 July 23 at 50-55 cents
Note
Max pain: 23
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.