Check the Post below with the chart showing the details.
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Observe the support structure and potentials moves.
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Premium Post: PLTR load up… to the moon!
PLTR after amazing an ER run up, stock price took a hard hit today as it dropped nearly 13%. PLTR earnings and beat analyst upgrades with a 41% growth in revenue from 2019 and is expecting to report a 30% yoy increase in revenue growth for 2021. Great add to your long term as they continue to spread their data analytic software to not only commercial customers but the government as well. Also founder of ARK Investment,Cathie Wood, has added this to her portfolio. From a TA standpoint, I can see more room for this to come down looking for a bounce near 24 to my wave c target to complete our abc correction before we start to form a 1-2 EW set up for a confirmed reversal. Now, if we gap up and we don’t come down to get our dip entry, I wouldn’t enter any short term swing and wait for a safe entry which would be a break and hold above 31. Good point here to go long with shares!

Key Levels:
Support: $25.30, $22.36
Resistance: $29.11, $30.92, $33.34, $37, $42.04, $45.19

Ways to Play This:
1. Buy Shares and HOLD!
2. LEAPS (year out option contracts, couple strikes OTM will suffice)
3. Swing minimum 3 week out exp . Option contracts

Option Ideas:
30C 3/5 2.30
30C 3/19 3.15
30C 1/21/2022 9.95
40C 1/21/2022 7.70
50C 1/21/2022 6.08

*Keep in mind these are contracts that catch my attention due to their liquidity (high vol and high OI) you can always go ITM or closer strike prices but my style is to go OTM unless ITM is cheap [/s2If]
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