PLTR Megaphone

١٨ ديسمبر ٢٠٢٤

I actually have not traded PLTR much during its recent bull run like I should have, but I think this actually looks pretty good for a short opportunity. Fairly clean megaphone here which is not what you want to see up here near ATH.

It's holding horizontal support and the lower end of the megaphone for now. Watching for a break below for a short on a retest or maybe just take it on the break. First downside target is $67.65. Longer term targets are $55 and $45.

Upside target is the previous high near $77.75 and ATH. It still has a good argument for being bullish until it breaks below $67.65 and stays below. I'm expecting a downside break, but looking for more confirmation still.

٢٠ ديسمبر ٢٠٢٤

تم فتح الصفقة

Upside target hit already. Looks ready to move to ATH now and potentially the upper end of the wedge.

This will be one of my bigger short positions I'll try to hold through Q1, not a short term idea. Seems pretty dangerous to be shorting it right now with weeklies. I think calls look much better here if talking about shorter term until it falls back below 77.75 or rejects ATH again.

Megaphone is not very long term either but still valid. I've been trying to decide when I think it's good to actually enter longer dated puts and VIX calls for a while, I think it's about that the time again. We'll see, will probably accumulate puts over the next 2-3 weeks or so.

٧ يناير

ملاحظة

Finally got the break, nice flush. Expecting it to come down and hit $67.65 before seeing any significant bounce but we'll see.

٨ يناير

أغلقت الصفقة: تم الوصول للهدف

First target hit, unloaded a lot of puts there. Will look for another entry if it does break support and fails on a retest.