Palantir Technologies (PLTR) is the gift that keeps on giving.

A few weeks back, I closed a 105.24% winner on PLTR just before it shot up following its earnings report.

The software company skyrocketed after a 30% increase in revenue to $725.5 million. It also doubled its net income in Q3 to $144 million from the previous year.

And now I’m looking to get positioned on PLTR again this week.

One of the main reasons I’m looking a trade on PLTR is due to the New York State Teacher’s Retirement System latest investment.

Last week, the NYSTRS initiated new positions in PLTR and DELL.

This is big because the New York State Teacher’s Retirement System is one of the top ten public pensions, managing $130 billion. I believe Its latest investment in PLTR shows me the upside on the software stock could be extending.

As you’ll see in the chart above, PLTR has been on a tear for the last 3 months.

However, the stock has since dipped back down to the $61 level over the last few days.

In fact, yesterday PLTR was one of the worst performers, as the software company fell 9.8% to $59.30 and was on track for its largest daily percentage decrease since May, according to Dow Jones Market Data.

I think PLTR’s latest drop combined with the NYSTRS investment represents a prime dip buying opportunity. And I’ll be looking to reload on PLTR this week in The War Room.

Action Plan: Palantir is up 245% this year and is on pace to have its best year ever. Right now it’s giving us another buy opportunity on its latest dip.

I closed PLTR for a massive 105.24% overnight winner on PLTR during Election Week, and with the latest teacher news as a catalyst I’ll be looking to get positioned again in The War Room this week.

To unlock all of my trade alerts in real time, click here to join The War Room.