Gravatar

Shared by
miesinberlin

 

PLTR

Apr 13, 2021 13:33


Tags:

Intraday Uptrend Trend Trend Play VWAP Support Play

TECHNICAL
Ticker: PLTR
Exchange: XNYS
Previous Close: $23.34
Open: $23.19
Close:$25.50
Postmarket: $25.35
Premarket: $25.35
52wk High: $45.00
52wk Low: $8.90
Industry: Software & IT Services
Sector: Information
Market Cap: $42,531,720,000
Volume: 83,235,012
AvgV: 63,328,150
RVOL / Vol%: 1.31____131.43%
Gap%: -0.60%
ATR: $1.28
Short Float/Short Interest: 4.27%
Float: 1.35B
VWAP: $24.52
BETA: .558
20-EMA: 77.54%
50-EMA: 111.00%
200-EMA: 63.92%

CATALYST: PLTR is currently 38% off its highest levels of the year; stock went public on 9/30/20 and has gained more than 150% to date; Above average call activity Monday, about 90,000 contracts (action at 24, 25 and 26 strike calls which expire this Friday 4/16. Trending bullish. Low short float of 4.27%

Insider Own: 21.35%
Institutional Own: 10.18%

MARKET OVERVIEW - INDICES / ETF
DJI____33,677.27____-0.20%____68.13
COMP____13,996.10____1.05%____146.10
INX____4,141.59____0.33%____13.60

SPY____412.86____0.30%____1.22
QQQ____340.60____1.17%____3.93
VIX____16.65____-1.54%____0.26

TRADE:
PLTR was consolidating right above VWAP, Held bid spotted on tape at $23.97, large orders on the tape at $23.98/$24, got in front of bid for 100 shares at $23.99 with a 3-cent risk. Got out at $24.04 for a 2:1 R/R. Not a good Risk/Reward example. Good setup, but slow time of day. Stock trended all day with High at $25.66. This slower moving stock could have been better as an intraday swing. Looking back, my 3 cent risk would have paid off if held to $25.50 at 50:1 R/R for a profit of $151 instead of $5. Must focus on being more patient, If my attention starts to drift, that should be my cue to snap out of it. Work everyday to be more patient and to recognize the day's market structure. Is it a trend day or a range day?


Execution detail:

Date/time Symbol Side Price Position
2021-04-13 13:33:48 PLTR buy $23.990 long
2021-04-13 13:48:58 PLTR sell $24.040 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in