$PLTR has been in a “Go” trend since early August.
We have seen a series of higher highs and higher lows and GoNoGo Trend painting strong blue in rallies and weaker aqua in pullbacks. During this time, GoNoGo Oscillator has been finding support at the zero level, spending the entire duration of the move at or above that level. After the most recent high, we have a Go Countertrend Correction Icon (red arrow) indicating that price would be likely to struggle to go higher in the short term. Indeed, GoNoGo Trend painted some weaker aqua bars as price fell from the high. GoNoGo Oscillator has since repeatedly found support at the zero line, triggering multiple Go Trend Continuation Icons (green circles). This tells us that momentum remains on the side of the “Go” trend and as it surges once more into positive territory we will watch to see if this gives price the push it needs to make another higher high.
