Hello, Traders! Palantir is a data mining and analytics company A recent IPO that skyrocketed into the stratosphere And as with Tesla and broader stock market We are seeing a correction on this stock The price has now reached an important technical support level So you can buy here and hedge with put options at strikes below 20$ Next good buy level is at 15$ as its a round number and -70% from the all time high Good addition to the portfolio! Buy! Like, comment and subscribe to boost your trading!
with the piece that come out today it's pretty clear shorts are targeting this stock...... if thats the case technicals ain't going to mean shit.
TopTradingSignals
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@awmcconaghy, I trade technical analysis, and adding to portfolio a little bit at this level aint bad
onemalhotraj
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@awmcconaghy, hi , I disagree. The short interest seems low and it’s been a primary sell off post ipo expiry with no fundamental shift causing this. The market will receive a buy signal because hi growth backed by strong earnings is PLTR. The Initial Margin is substantial causing a positive EBITDA going forward. Q4 miss was stock based compensation miss with no relevance to business.
Green this week , 75 by End of the year.
onemalhotraj
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Stock has a lot of support at 24 , the worst is behind us and buy signal was just issued.