$PLTR STILL IN A FALLING WEDGE !
PLTRhttps://www.tradingview.com/x/1snbaoFL/
Sad to announce that we have not hit gold. Prior prediction/analysis were "on point"
Chart - Daily
EMA ( Exponential Moving Average): 20 EMA failed to cross the 50 EMA ... This is baaaad. Hoping this trend doesn't lead to a "Double Top" as it will spell BAD NEWS in the near term.
TTM Squeeze: Squeezed! But momentum dropped at the 1.618 fib . Definitely accomplished the journey to fill the gap down from Feb. 16th.
Fib Levels: Smooth sailing from 0 fib to 1 fib ($10.27 to $13.02). Having trouble holding above the 1 fib and eventually went for the 1.618 (a major resistance) As previously predicted, it got a butt whooping around ($14.85) and got sent trending downwards.
Candle Stick: Summary of last 5 candles equate to a bearish movement.
Pattern: The double bottom bullish pattern is over and I'm afraid that we are back to our falling wedge pattern.
News: Sigh, nothing has changed; no matter the news, good or bad, this stock just seems to want to trend down.
History: The last 2 earnings have resulted in a downward trend even with great numbers.
For a company worth Trillions, the "gold" (prize) still seems to be far fetched. Just gotta keep on digging and investing in the dip.
STAKK
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