KentLawrence95599

KentLawrence95599

Fibonacci Retraction level 1 is approaching - daily candles are still above this level, but IF BROKEN, would likely indicate a continuation of the downtrend. Personally, I'm bullish at this support level and have bought $20 calls expiring in June of next year. I think that the solid institutional buying over the last couple weeks and frequent contract...

KentLawrence95599

Support at ~$21 was broken today, mainly due to a market sell-off of growth stocks. NASDAQ was down almost 1% during the middle of Thursdays trading season, but had a monumental recovery in the last hour of trading. HUGE support around $19.15 - earnings on Tuesday. Options markets have sent mixed signals on PLTR over the past few days. EXERCISE CAUTION - short...

KentLawrence95599

Yesterday we saw a fourth bounce off of the $21 support level. I believe this level has become a solid support. However, the daily volume has been consistently weak (except for Tuesday where we saw over 50m). The price seems to be stable within this descending triangle, and I see it staying this way for the remainder of this week. With earnings coming up on...

KentLawrence95599

I'm fairly new to technical analysis so take my opinion with a grain of salt, but I think the next 3-7 trading days are looking like a nice opportunity to catch a trend reversal. Palantir is a one of the most advanced big data analytics providers in the world with a 50/50 split between government and corporate customers. If you're very unfamiliar with this...