Palantir Tech enters “NoGo” trend


March 2021


Alex Cole

After a wild ride that has seen Palantir Tech go from $10 to just about $45, it seems that the technical environment has changed.

On the 16th of February, the GoNoGo Oscillator broke below zero with heavy volume as depicted by the dark blue of the oscillator and that coincided with the GoNoGo Trend falling out of the Go colors into amber bars.  After briefly trying to return to a “Go” trend, price painted more amber bars and then on the last bar painted the first “NoGo” bar in several months.  The GoNoGo Oscillator is in negative territory and not yet oversold.  Price is at levels that have acted as support before so we will see if this “NoGo” can persist.