Palantir is forming a cup and handle on the weekly charts.
The volume reduction indicates pattern correlation meaning price action, based on that volume reduction, will probabilistic follow the chart formation and we should see some consolidation and ranging before moving higher.
That being said, earnings is coming up on 08/07/23 and this could act as a catalyst with a strong beat leading to continuation without a true handle forming.
The volume reduction indicates pattern correlation meaning price action, based on that volume reduction, will probabilistic follow the chart formation and we should see some consolidation and ranging before moving higher.
That being said, earnings is coming up on 08/07/23 and this could act as a catalyst with a strong beat leading to continuation without a true handle forming.
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