Be a bull on Palantir until proven otherwise - $40 target
Assume the trend
Symmetric Triangle formation
High risk reward trade no matter what position you are taking - as the risks are defined and narrow given lower volatility.
I'm betting on up and so should anyone until proven wrong.
Triangle targets $40 if it goes to the upside.
Symmetric Triangle formation
High risk reward trade no matter what position you are taking - as the risks are defined and narrow given lower volatility.
I'm betting on up and so should anyone until proven wrong.
Triangle targets $40 if it goes to the upside.
Comment:
Watching the Daily 20 SMA. A Daily close below would invalidate the trade and a stop out. Have taken profit on 15% of the position - Hence a stop out would still result in a small gain if occurs.