Charts & Coffee: Palantir — PLTR

**All posts here are for educational purposes only. No advice or recommendations are given at any time. The view points and analysis are my opinions. I am not liable for anything you do on you behalf. Invest at your own risk.***

Palantir; PLTR

When we put the puzzle together, and we ask the right questions. what we can eye out on technical chart is a shake out of longs in the market with their stop losses below $25. we got a lot of volume is between 23–29, and if we have to many long — we have to many sellers causing price to have a hard time going up. You can see in the middle (30mins) chart the VWAP switching positions as we break market structure with volume.

News don't tell us the directions of the chart, however when you first look at the chart and then the news, you can put it together and see the catalyst that caused the move. In this case, we have a few going on. 1. analyst downgrading the stock due to its high valuation 2. IPO lock up 3. new contracts with army and UK 4. top bull option played in WSB… So, you ask yourself: which one moved the market. well, they all did. Well never know the truth behind what these institutional players are doing. For instance, are they downgrading the stock so they can fill their long inventory by us retail selling our positions? Are they discounting the price due to its first earning coming up? it doesn't matter. But what matter is the foot print they leave behind, which is all shown on the chart.

My bias on this stock is bullish. being long at 24, some target i have in mind is 30 and then a break above ATH.