We haven't found the gold in PLTR!

NYSE:PLTR

Waiting, waiting, waiting...

News:
Nothing new, just waiting for earnings; not that it matters; it has failed all previous earnings.

Charts:
EMA ( Exponential Moving Average ): Well, like every other stock, the price is hanging out below the 20/50/100/200 EMA and are all pointing downwards! And yes, Nov. 19th death cross is still in action.

TTM Squeeze: Hmm... have we found the bottom? A double bottom will be nice at this point but tomorrow's interest rate hike will decide.

Fib Levels: The price is bouncing off of the 1 fib and holding a major support.

Candle Stick: Piercing or bullish engulfing pattern. Fingers crossed, we might just be at the end of this downtrend.

RSI: Didn't touch 30 but bouncing off of 32/34 range is not a bad idea. especially if TTM squeeze is stabilizing and candles are looking positive.

Pattern: Bullish rectangle and crossing fingers for a double pattern.

History: See related idea before.