Long
$PLTR - Demo date & Symmetrical Triangle - Bullish
-7'th Jan is the first Demo date for one of the Palantir Products.
-11'th of Jan is the end of the symmetrical triangle we're trading in.
Symmetrical triangles are typically bullish.
Play #1: If Palantir is as strong as we think it is, there could be bullish hype buildup before the demo. Buy before the hype buildup and sell before or during Demo day to lock in easy profits. This way you avoid risk if the demo is not well received.
Play #2: Buy before demo day and hold through Demo day. If the demo is well received, you should receive extra profits by selling after the demo is complete during the same day or up to 1-2 days after the demo.
Based on past experience with bullish wedges, the bullish symmetrical triangle should indicate a breakout between the 5'th - 11'th. It's best to be in PLTR before that at a nice low average of 27-28. Anything more and you're looking at a short-mid term hold before you break-even.
-11'th of Jan is the end of the symmetrical triangle we're trading in.
Symmetrical triangles are typically bullish.
Play #1: If Palantir is as strong as we think it is, there could be bullish hype buildup before the demo. Buy before the hype buildup and sell before or during Demo day to lock in easy profits. This way you avoid risk if the demo is not well received.
Play #2: Buy before demo day and hold through Demo day. If the demo is well received, you should receive extra profits by selling after the demo is complete during the same day or up to 1-2 days after the demo.
Based on past experience with bullish wedges, the bullish symmetrical triangle should indicate a breakout between the 5'th - 11'th. It's best to be in PLTR before that at a nice low average of 27-28. Anything more and you're looking at a short-mid term hold before you break-even.
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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.
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.