As a big PLTR shareholder, this chart pains me. It looks to be rolling over to test the ~$17.26 support. Next stop from there will be the 200DMA. The 50DMA has been rejected for now. Fortunately, there is a large volume shelf at the 200DMA to provide support. In the absence of a catalyst, any market weakness will take us there.
Comment:
This is a rough looking chart. Head and shoulders was forming before today's market weakness. Any continued weakness sends this lower. Next good support is in the $16 area.
