PLTR closes above 20 EMA. Bullish. Targets: $30, $35.

Greetings All,

PLTR closed above the 20MA today, which is bullish. In addition, there is a bullish MACD crossover. PLTR will close the GAP (yellow) at some point. Targets are blue. With the right momentum, this stock will soar!

Strategy:

I’m planning to purchase the 4/16 $30 and $35 call options. Since I own the stock, I also plan on selling the $45 call option, once PLTR reaches resistance at $45.

Happy Trading

Disclaimer. My ideas are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss.  Loss of principal is possible. Exercise your own due diligence.