Gambling on the correction movement. The current price structure offers an acceptable risk/reward ratio for a quick short. The Entry Signal is the inverted hammer closing below the support line. *** Fingers Crossed ***
|-------| Stop Loss: $16.80 |-------|
|
|------- Risk per trade: $1.20 -------|
|
|-------> Entry Price: $15.60 <-------|
|
V-------| Exit Goal: $13.80 |-------|
Note: This is not a long term short on the Palantir stock but a quick trade on the price action.