PlayTheTrade

PLTR: Tightening price action with declining volume.

NYSE:PLTR   PALANTIR TECH INC
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12
Keep your eye on Palantir's coiling price action. Notice the volume is drying up over the past few weeks.
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Comments

Sorry what does the low volume indicate here? Thanks
+1 Reply
PlayTheTrade soltarikensho
@soltarikensho, low volume indicates no selling is coming into the stock, this will often precede a breakout.
Reply
it's really charming
+1 Reply
Hi. How do you screen for such pattern? What filter do you use?
Reply
PlayTheTrade Luna_azul
@Luna_azul, I don't have any indicator or filter, I simply look for tightening when scanning charts. With that said, it might make for an interesting indicator (if one isn't already out there).
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Luna_azul PlayTheTrade
@PlayTheTrade Do you use the Tradingview screener to scan stocks? What is your screening criteria?
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PlayTheTrade Luna_azul
@Luna_azul, I am still learning the TradingView screener. As I learn more, if I find something that might be helpful, I'll write up an Idea here on TradingView.
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Luna_azul PlayTheTrade
@PlayTheTrade, okay. Thanks for sharing your idea and script. Thet are really helpful.
Reply
PlayTheTrade Luna_azul
@Luna_azul, No problem, great to hear it's helpful.
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