PLTR
has dropped ca. -64.24% from is ATH and on the way down it began forming a H&S pattern beginning from May 13 2021 and completed formation... today 06 January 2022. This is the distance from the neckline and down that we usually are looking for in H&S patterns for taking profits. In the meantime what has PLTR done to improve its business? simply closed contract after contract after contract. Thats right 3 contracts in just the past two months alone. Sitting on 1.52B dollar + Knocking ER after ER out of the park (If you ask me) + Reinvesting in R/D + Extremely competent teams + Best of the best employees + "good at products, bad at sales" + Eccentric CEO = This reminds me exceptionally of TSLA back in the day.
I got TSLA at $90 and still holding onto it ofc.
People since then has been on the look out for the next TSLA stock like (looking all around EVs won't get you there because well... TSLA dominates there) So where to? Right here baby, PLTR. This is a no brainer. DCA all the way to at least $500. Thats my medium PT at around ultimo 2023.
Not financial advise. Do your own DD.