After a tough few months, $PLTR spots new “Go” trend.
$PLTR made another higher high in mid February but right at the high we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, price fell from that high with GoNoGo Trend first painting a series of weaker aqua bars. After GoNoGo Oscillator fell through the zero line into negative territory, we saw price enter a “NoGo” trend. As price moved mostly sideways, we saw some uncertain amber “Go Fish” bars mixed in with the “NoGo”. Most recently, GoNoGo Oscillator has burst back into positive territory on heavy volume as GoNoGo Trend flags a new aqua “Go” bar. With momentum resurgent in the direction of the fresh “Go” trend, we will watch to see if price can rally to test prior highs.
