$Palantir Technologies Inc.(PLTR)$What could be expected for in 2022 (Technical Analysis)
Weekly chart of FSLY vs PLTR
Take a look at Fastly (FSLY)
- a superb Bull Run between May 2020 ~ Oct 2020
- a fast dive in just 3 weeks thereafter
- a multi-month Bearish Trap strong rebound, amid on lower volume in general
- another fast & sharp drop, smashing way below 40 weeks EMA
- an Indecision consolidation that lasted several weeks
for the record, downtrend has lasted 43 weeks since Mar 2021

Back to Palantir
- a superb Bull Run between Nov 2020 ~ Jan 2021
- a fast dive in just 3~4 weeks thereafter
- a prolong recovery (Bearish Trap)
- another fast dive smashing way below 40 weeks EMA
- past couple of weeks have been an Indecision move

Given the weekly RSI (below 40) and Macd (remained negative) conditions, we might see a prolong downtrend similar to Fastly as shown, and could force share price back to $12 or lower[Heartbreak]