For my options traders out there palantir is looking bullish right now. If you look at this chart we can see green candles starting to form and medium sized ones at that. The rsi indicator is going down a little but it isn't going down past the support point. You can see this if you look at the tiny box the line is in. If it is out side the box going down that is usually a bearish indicator and vice Versa for bullish if it is out the box going up. That would be considered a breakout pattern which is a stronger indicator than this one. I also looked at a few options contracts and alot of volume is going into calls at the moment. If you look at the Mac d indicator all 3 lines are going up which shows another sign of bullish and off course the opposite if they were going down. The key to options trading is gathering information. This means as many indicators as possible as well as news on stocks you want to play. Volume is also important. An option with little volume will trade slower.
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