In 2022, PLTR stock didn't come close to approaching the resistance levels it had seen back from Feburary '21.
Instead, the stock began a downward descent into a descending channel, which actually appeared to begin from back in late September & November 2021 when the stock made its last attempts to test $26.92/share resistance levels formed from back in February 2021.
The descending channel lasted until late June. From the close at the beginning of the channel on 9/23 to close at the end of the channel on 6/21, the stock dropped 70%.
Key Patterns
Descending Channel
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