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dzmiller39

Watching PLTR for reversal head and shoulders confirmation.

Long
Palantir Technologies Inc. (NYSE:PLTR)  
dzmiller39  
NYSE:PLTR   Palantir Technologies Inc.
Chart Patterns Head and Shoulders Trend Analysis PLTR reverseheadandshoulders reversal upside
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chartpattern headandshoulders trendanalysis pltr reverseheadandshoulders reversal upside
PLTR has been forming a reversal head and shoulder pattern since February. I will be watching price action for confirmation of pattern and break in neckline at 27.40 level in the coming weeks. If a breakout occurs I anticipate some nice quick upside to $30+. If we do happen to see a pullback I am expecting price to bounce on the trendline that has been established since May. Regardless of short term price action I think this is a great company to buy and hold for the long term.
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