Cup and Handle forming on 
PLTR as it heads into earnings on 5/26. Certainly looks like it can run so long that the broader markets aren't way in the red.
- Cup and Handle forming heading into ER
- Slight hidden bullish divergence on the RSI
- Bolinger bands are squeezing
- Reclaimed the 20 & 50-day EMA on the hourly timeframe with EMA's curling upwards
Will be watching this setup closely - Broader market conditions permitting
PLTR as it heads into earnings on 5/26. Certainly looks like it can run so long that the broader markets aren't way in the red. - Cup and Handle forming heading into ER
- Slight hidden bullish divergence on the RSI
- Bolinger bands are squeezing
- Reclaimed the 20 & 50-day EMA on the hourly timeframe with EMA's curling upwards
Will be watching this setup closely - Broader market conditions permitting
Note
PT1- $155.85PT2- $162.40
PT3 - $165.08
Trade active
Picked up 5/15' 175 calls @ 2.42 around 11am EST.
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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.