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PaperBozz

$PLTR - Head and shoulder breakdown

Palantir Technologies Inc. (BATS:PLTR)  
PaperBozz  
BATS:PLTR   Palantir Technologies Inc.
Chart Patterns
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PLTR (Palantir Technologies Inc.) In my March 20 post, I mentioned that it might be forming a head and shoulders (H&S) pattern. Fast forward, the head and shoulders pattern is complete, and it is breaking down.

$20 area could provide a good support.

The full measured move for the head and shoulders is around $18. The RSI (Relative Strength Index) is close to the area where PLTR has bounced before.

$18.45 to $18 area could be a good potential entry. But I would need to see signs of stabilization.
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