$Palantir(PLTR)$ $PLTR was set up perfectly for a phenomenal year end rally with the highest weekly close in two years at 20.27. A nice base-on-base was being built. Then that stupid Palma report came out and disturbed the momentum. Ever since, the stock has been under pressure. Slight character change too, doing the opposite now, opening strong and closing weak. Every time it wants to rally the sellers step in and push it back down, large upper wicks are a sign. We closed below 50DMA again. However higher lows are still in play. An ideal scenario for it would be to consolidate here and then we have one last shakeout to the 30wk MA (yellow line) which is catching up fast, bounce off it on volume and exit this range forever. As I said earlier, longer the base stronger the momentum will be in the future.