PLTR - The case of Tiny Gold Nuggets

$NYSE:PLTR

Did you see that May 12-May 13th price action?

Did you catch the bottom?

News:
I'm sure Russia or the war and the need for intelligence had nothing to do with the most recent bullish price action. As a matter of fact, PLTR failed earnings again!

Charts:
EMA ( Exponential Moving Average ): Well, like most stock, the EMAs are inverted. But, the most recent price action popped above the 200 EMA.

TTM Squeeze: Hmm... Was May 12trh the bottom we've been looking for? TTM is squeezing upwards.

Fib Levels: The price is right between 1 and .786. This is not an entry indicator for a swing trader but for longterm trader it's enough for a discount purchase. It's best to mostly wait for the cross and hold above .618 fib.

Candle Stick: Piercing or bullish engulfing pattern.The opposite pattern of three black crows is three white soldiers, which indicates a reversal of a downtrend. hmm... I don't like the use of black/white. haha

RSI: Went as low as 15.98 and currently at 31. Hmmm, this is looks like a great opportunity.

Pattern: We didn't get the double bottom pattern we initial wanted but this rising wedge is very tempting.

History: See related ideas below.