PLTR reversal @ $19.41 ? Thoughts and basic technical analysis.
Fibonacci Retraction level 1 is approaching - daily candles are still above this level, but IF BROKEN, would likely indicate a continuation of the downtrend.
Personally, I'm bullish at this support level and have bought $20 calls expiring in June of next year. I think that the solid institutional buying over the last couple weeks and frequent contract announcements (particularly into new industries that I'll make you research if you down already know) form my opinion. Also, they're institutional ownership is still below 20% while many of its competitors are in the 70-90 range.
Let me know your thoughts on earnings and company outlook, but please don't bore me with technical mumbo jumbo.
Not financial advise.
Personally, I'm bullish at this support level and have bought $20 calls expiring in June of next year. I think that the solid institutional buying over the last couple weeks and frequent contract announcements (particularly into new industries that I'll make you research if you down already know) form my opinion. Also, they're institutional ownership is still below 20% while many of its competitors are in the 70-90 range.
Let me know your thoughts on earnings and company outlook, but please don't bore me with technical mumbo jumbo.
Not financial advise.