Palantir Technologies Inc.
Short
Updated

$PLTR 50%+ decline ahead, $39-56 target

1 762
PLTR looks like it's topping here and that it has a long road to the bottom.

If we continue to reject at this resistance, then it's likely that we'll at least see the $56 target on the downside, but I think the $44 target is the most likely area to see a bounce.

Bulls should enjoy a 50%+ drop from here. You've been warned.
Trade active
I bought some $50P for 5/16 as some lottery tix
Note
Bought 9/19 $50P for the core position here

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