TheTradingStar

$PLTR - Double Bottom Setup

Short
NYSE:PLTR   Palantir Technologies Inc.
it looks like it wants to retest $17 for a double bottom setup. If it doesn't hold then further downside. If it bounces. Short or Hedge with $17 Short put with a 5% stop loss for high premiums. $17 would be be great long trade for a higher risk/reward setup. Currently still in downtrend unless the trend flips.

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.