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TheTradingStar

$PLTR - $17 Price Target (BEARISH HEAD & SHOULDER)

Short
Palantir Technologies Inc. (BATS:PLTR)  
TheTradingStar Updated   
BATS:PLTR   Palantir Technologies Inc.
Chart Patterns Trend Analysis Technical Indicators PLTR
15
3
chartpattern trendanalysis indicator pltr
A Major Bearish Head & Shoulder has formed. Short at the crack of the neckline. Remember the measured downside = the height from the head to the neckline which is at about $19. There is is also a MAJOR GAP that needs to be filled at around $17, so watch for a continuation for a sell off after the 1st price target has hit at around $19
Comment:
Short at the crack of neckline for the leg down
Comment:
There is a Bearish divergence
Comment:
Bearish Head & Shoulder still intact, heading lower. Watch for the potential at $17
Comment:
Bearish Head & Should has cracked, heading lower to fill the gap at $17
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