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AROD01
Feb 22, 2021 11:51 AM

Palantir (PLTR) Abandoned Baby 

Palantir Technologies Inc.NYSE

Description

I am not certified or licensed by any individual or institution to give financial or investment advice.

I think PLTR formed a Bullish Abandoned Baby and may go up. No lengthy analysis on this one, I'm either right or wrong....but hopefully the former. :) I have inputted an order prior to market open to buy two call contracts. I won't be monitoring the market for most of today so I wanted to take advantage of getting in before PLTR takes off, but I also realize it's risky so I'm mitigating the risk by only purchasing two contracts.
Comments
jsitonphoto
Did today's red candle nullify this pattern?
AROD01
@jsitonphoto If it does not turn bullish, or at least go sideways, Tuesday and Wednesday I would say yes. If it goes lower I will exit with a loss.
breakoutfakeout
very rare pattern, great signal
SBBS
I'm actually already in it. I've been it it since last Tuesday. I bought a $29-$30 debit spread. Expires 5 March. Why I entered was a good uptrend and I heard good reports on it. I actually entered on the earnings date. I should've waited one day, due to its drop.
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