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14
Palantir - Where now?
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I was fortunate enough to convince myself of a head and shoulders pattern in mid - November and turned a 2 percent portfolio investment into 5 percent one. I sold at $16 but I bought options once I saw this

Now I just heard that phrase ( head shoulders) once and noticed the RSI was really high (~70) and heavily oversold so Im not pretending to be a pro. And don’t mean to sound my own horn. And actually wonder if that was a decent observation or pure bs/luck

Im considering where to end my $17 put that expires on the 27th.

Are there any opinions on if these lower levels hold now that the us gvmt has expressed see their desire for an open source agreement (as opposed to proprietary software Palantir has insisted on). Is their enough belief that Palantir will play an integral part in this new technological landscape even with the danger of a smaller contract with the US gvmt

Is this a bump in the road ( a pause at the $16 lvl or cause for more concern?

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1 year ago