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frapelloso
Apr 10, 2024 4:04 PM

Textbook Head and shoulders on Palantir, $PLTR Short

Palantir Technologies Inc.NYSE

Description

A H&S has formed on the daily chart, this time it has broken below the neckline that has been succesfully retested with declining volumes during the formation of the pattern. So far a textbook H&S contrary to the previous one i published who never broke below the neckline. The potential drop of roughly 20% would be right on the 19$ GAP area and right around the 200 days MAs. Buying some Puts could be a good R/R play...
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