PLTR Wedge Breakout Options

I expect $PLTR to break out of its wedge this week. Two options for the breakout, if it can break above $28 it should continue to the upside, and start wave 5 the the Elliot wave. There was a lot of bullish volume at the end of the day Fri. to support the upside move. The max pain for this week is still only $25, and therefore bearish if MM/institutions force the price down into Thurs. for options expiration. I'll recalculate and update the max pain values later in the week.

Comment:

Expect a pull back to $28 tomrrow before moving higher. Max pain now at $26 for OPEX, slightly more bullish, but not looking good for Thurs.
Max Pain Values:
2020-12-24: 26.0
2020-12-31: 25.0
2021-01-15: 25.0

Calculated at 12:52ET | 12.21.2020