Short excerpt from a Kardec Trader YouTube video analyzing Palantir (PLTR) trade setups. The speaker describes a gap-up on earnings from roughly $7–$8, notes a pickup in volume, suggests using a 5-minute opening-range break, points out a retest and a high-volume close at $9.55, and narrates that after a brief stop-out the stock later breaks the high-volume close and quickly doubles.
$9.55
And Palantir. This one gave us exceptional amount of setups. So first thing you get on a Palantir, the chart was fairly neglected. This thing is back in the seven, $8 range, and you get this gap up on earnings. What do you notice about the volume bar? It's a pickup in volume, so you can use a 5 minute opening range break. If you're looking kind of at this left side peak, you would basically say a breakthrough. You also get the retest. Then you've got the high volume close, and the close on this is $9.55. And then what are you doing? You maybe get stopped out the very next day, a few days later, but then you get a very tight bar. 1723, you get to break through that high volume close. You're off to the races. The stock effectively doubles in a very, very short period.
