Last post on PLTR 0.00%↑ was back in May -
$PLTR Go Time?
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reported earnings Monday, and for the second consecutive report, it shot up through its 200 ema on volume. We can see from the last report that it wasn’t able to hold. Fool me twice? Maybe. But with the 200 day ~$1.20 below, and notable price memory above (the anchored vwap from IPO is almost $18), the risk/reward setup looks attractive.
The stock has popped post-earnings and is at an attractive level for a long.
It’s ow firmly above the AVWAP from IPO price, has a decent shelf of volume underneath it (shaded green), with some open space until a potential area of resistance might be reach (shaded red).
One could also wait for confirmation above the August high -
