With the rejection of $21,
PLTR
looks set to fall to new lows.
I think it's likely that we're going to sweep the lows at $8 and keep falling from there to a final target of $1-2.
This will likely take place at some point in the back half of 2024 and should present a great buying opportunity once it gets down to those levels.
Let's see what happens over the coming months.
PLTR
looks set to fall to new lows. I think it's likely that we're going to sweep the lows at $8 and keep falling from there to a final target of $1-2.
This will likely take place at some point in the back half of 2024 and should present a great buying opportunity once it gets down to those levels.
Let's see what happens over the coming months.
Comment:
Opened up a starter put position yesterday. 4/19 $20 P.
Comment:
Closed for 100% gain. If NVDA beats, then I can see this retesting the highs at $25 or potentially go as high as the $27 area. That's where I'd want to add puts again and then will hold for the larger move down.
Comment:
Bought 100 contracts of $5P for 1/17/2025 this morning.
Comment:
Added another 150 contracts to the short side this morning
Comment:
All you commenting that I'm wrong... the only thing I've been wrong on is that price broke my trend line (which I drew). I can just redraw trend lines because trendlines really don't matter. I haven't invalidated my analysis and still think it'll play out.
Reality is, the only short on pltr I took I exited for 100% (so I haven't lost money on this). Then if you read the actual analysis, which most of you don't do because you don't know how to do technical analysis yourself or read a chart, you'll know that I was expecting this move to play out the back half of 2024.
I closed the puts for 100% gain because I saw risk of NVDA beating earnings (which happened) and price going up to $25-27 (which also happened). Now there's less risk for me to start building the short to follow the original idea that I shared. Although 27 could get tagged again, if it does, then I'll just keep building my short.
Good luck to all of the longs holding here. I truly wish you success.
Reality is, the only short on pltr I took I exited for 100% (so I haven't lost money on this). Then if you read the actual analysis, which most of you don't do because you don't know how to do technical analysis yourself or read a chart, you'll know that I was expecting this move to play out the back half of 2024.
I closed the puts for 100% gain because I saw risk of NVDA beating earnings (which happened) and price going up to $25-27 (which also happened). Now there's less risk for me to start building the short to follow the original idea that I shared. Although 27 could get tagged again, if it does, then I'll just keep building my short.
Good luck to all of the longs holding here. I truly wish you success.