I believe PLTR is probably around its cyclical low. Moves away from cyclical inflections are often swift and robust.
Last week's push down to take yearly lows while the rest of the market rallied on ceasefire headlines appears to have been long liquidity creation. Evident in the SFP and reclaim of what was yearly lows and ensuing aggressive buying.
If it maintains newly created channel, which it has since bottoming, tomorrow's 145 calls (currently trading for ~$1 will have at least $1.5 in intrinsic value, and as much as ~$9 if the close is at channel top.
Last week's push down to take yearly lows while the rest of the market rallied on ceasefire headlines appears to have been long liquidity creation. Evident in the SFP and reclaim of what was yearly lows and ensuing aggressive buying.
If it maintains newly created channel, which it has since bottoming, tomorrow's 145 calls (currently trading for ~$1 will have at least $1.5 in intrinsic value, and as much as ~$9 if the close is at channel top.
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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.