Palantir going to the moon?! Booyah!
Okay, I'm screwing with you. I don't even know what that phrase means.
Anyhow...
PLTR is at a crossroads, and the narrowing Bollinger bands confirm this. You can see the current setup has happened before according to the boxes. It's almost identical.
The blue arrows show the points recently where the bands narrowed, volume/volatility dropped, and was followed by a breakout with volume climbing. That is, except the one that is noted in black where the volume never followed through and ultimately the breakout failed.
This being said, we've been skidding along a pretty strong support zone in the $17-$18 zone, and most of these signs suggest a rebound. If volume follows the green arrow path, I think the breakout will have some wings. If the volume follows the red arrow, however, I'd look for it to bear flag downward at some point, probably in the $21-$22 range.
I don't like to look too far out into the future because, well, you just wind up making an idiot out of yourself.
Anyhow...
PLTR is at a crossroads, and the narrowing Bollinger bands confirm this. You can see the current setup has happened before according to the boxes. It's almost identical.
The blue arrows show the points recently where the bands narrowed, volume/volatility dropped, and was followed by a breakout with volume climbing. That is, except the one that is noted in black where the volume never followed through and ultimately the breakout failed.
This being said, we've been skidding along a pretty strong support zone in the $17-$18 zone, and most of these signs suggest a rebound. If volume follows the green arrow path, I think the breakout will have some wings. If the volume follows the red arrow, however, I'd look for it to bear flag downward at some point, probably in the $21-$22 range.
I don't like to look too far out into the future because, well, you just wind up making an idiot out of yourself.