After multiple more attempts, PLTR stock finally broke through $8.59/share resistance from 2H 2022 on 5/9.
After testing this resistance level again on 10/31/22, the stock descended 32% before testing this resistance level again in February '23.
On 2/2, PLTR stock successfully closed above resistance, but a subsequent 16% decline soon followed, which was preceded by a shooting star candle.
After this 16% decline, PLTR stock rallied again and successfully closed above resistance yet again. This time, the stock successfully closed above resistance for three trading days in a row. At the peak, the stock closed 18% above resistance on 2/15. However, the gains were not there to stay, as the next candle (a gravestone doji) preceded the stock's 27% decline in price to the close on 3/10.
Tweezers top patterns were seen throughout the chart over the next two months as the stock tested resistance multiple times but couldn't gain in price much further. After three more consecutive closes in price above resistance starting on 4/14, the stock declined another 16% in share price before a rising window pattern on 5/9 finally brought the stock above $8.59 resistance for good.
2/3 - Shooting Star 📚
2/16 - Gravestone Doji 📚
4/18 - Tweezers Top 📚
5/9 - Rising Window 📚