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fqalogtrader
Dec 22, 2020 5:16 PM

PLTR , PT 41 Long

Palantir Technologies Inc.NYSE

Description

Another stock that is stuck in a symmetric wedge or if I say pennant pattern also. For long play, once it breaks above the wedge, it can move to ~ 41. To protect losses for long play, the red solid line should be treated as a stop loss.

Also, it's holding 20MA (green line) which is giving it a bullish sentiment.

Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.

Comment

Chart pattern still respecting the triangle.

Trade closed: stop reached

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