$PLTR Setting Up for Something Big

$PLTR

The PLTR 0.00%↑ chart just looks locked and loaded. Cup and handle type formation around the 50% mark of the stocks all-time range. There’s very little price history above from here, which could set this up for a big move on the way up. Earnings are about a month away, and that could be the catalyst for a fast move back up towards all-time highs; which is a significant % away from today’s price level. Or this congestion range the stock is currently in could prove to be a wall.

My own risk management philosophy caps the % to which I will allocate to a specific stock. PLTR 0.00%↑ is a max allocation stock for me. I’ve raised my downside stop to the gap range at $18 (pictured below).