Watching PLTR for reversal head and shoulders confirmation.

26. Aug. 2021

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.