PLTR to the moon !!!

I have high hopes for PLTR it seems to have formed a pennant on the 4 hour timeframe and looks about ready to breakout. It is also respecting the support line that has been tested 4 times. Let's see what happens over the next day or two.

I'm already in multiple PLTR calls with April exp dates but am looking to size up should it break out of this formation with volume.

I'm not an expert and any critiques or advice is welcome :)

Commentaire:

This is a perfect example of not prematurely hopping into a trade until it breaks your expected levels. PLTR bled a little today, but I'm still bullish on the stock.

Seems to be some bullish divergence forming on the MACD, if we get a bullish cross above the -2.30 level we could see substantial movement to the upside. I won't be getting into any more positions until that happens or we start to see a reversal.

I'll make a post about bullish divergence on my next idea. Till next time!