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.