PLTR - Pullback Into the Spring Zone

Gambling on the correction movement. The current price structure offers an acceptable risk/reward ratio for a quick short. The Entry Signal is the inverted hammer closing below the support line. *** Fingers Crossed ***

|-------| Stop Loss: $16.80 |-------|
|
|------- Risk per trade: $1.20 -------|
|
|-------> Entry Price: $15.60 <-------|
|
V-------| Exit Goal: $13.80 |-------|


Note: This is not a long term short on the Palantir stock but a quick trade on the price action.

Trade active:

Opened a position at $15.60

Comment:

Took the profit on 1/3 of the shares at $14.91 yielding average profit per share of $0.23

Adjusted the Stop Level to the Entry price to protect the current profit.