Joy34
10-23 06:08

$Palantir Technologies Inc.(PLTR)$ NOV06 205C, still actionable.

Zone: $194.82 to $197.56

Invalidation: close under $189.42

Objectives: $202.63, then $212.94

The math: up 3.3% to the first objective and 8.5% to the second, against 3.5% risk on the invalidation, about 2.4 to 1 to the second.

Palantir looks like a strong name that ran to a record high earlier this month and then pulled back while everyone waited for the next report card. Palantir reports on November 2 after the close. It fell 2.7 percent to 196.19 dollars but still held above the 194.54 dollar low, well above the 189.42 dollar low from earlier this week. That is a swing run into a catalyst. Buyers have a clear floor to lean on, and the road back first runs through the high from today before it opens toward that record high above.

P.S. Watch 202.63 dollars first. A close above that high from today and yesterday would suggest the run into November 2 has real legs.

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