$PLTR enters new “Go” trend

$PLTR enters new “Go” trend


October 2023


Alex Cole

$PLTR paints a second aqua "Go" bar.

After being in a "NoGo" correction since August, $PLTR saw price try to break above horizontal resistance. As it did, GoNoGo Trend painted the first of its two aqua "Go" bars. In the lower panel, we see that GoNoGo Oscillator rallied quickly to the zero line and moved through it. This tells us that momentum is now in the direction of the new "Go" trend.  We will want to see a closing price on the daily basis stay above the horizontal resistance and then we can look for price to set a higher high.