$PLTR has been in a “Go” trend since the middle of April.
Since then, we saw price surge on strong blue “Go” bars to test the prior high from February. It failed to break above the resistance that time and after some Go Countertrend Correction Icons (red arrows) we saw weakness with aqua bars as price fell. GoNoGo Oscillator then fell to and tested the zero line. We know that if a “Go” trend is healthy, the oscillator should remain at or above zero. It quickly found support and has bounced back into positive territory. With momentum resurgent in the direction of the “Go” trend, we see that it has given price the push it needed to climb above those prior highs. We will watch to see if price can consolidate at these levels before climbing higher.
