Palantir (PLTR) has been one of our best performers on our stock portfolio, with the last 3 signals since December 2023 (see charts below), being spot on:
The last one is the more recent (May 02) and as you can see, the Inverse Head and Shoulders (IH&S) pattern right at the bottom of the 1-year Channel Up is following our expected course very closely and is on its way to hit the $29.00 Target.
We see that the delivery of this new Bullish Leg is through a Bullish Megaphone seeking the lower Support cluster of the 4H MA50 (blue trend-line) - 4H MA200 (orange trend-line) - 1D MA50 (yellow trend-line). We are expecting $29 within 30 days.
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