Palantir Technologies ( PLTR) went public in late 2020 and got lots of attention from the wallstreetbets crowd for a while. The company sells software and services to corporations and governments seeking to solve problems using data analysis.
In the daily bar chart of PLTR, below, we can see many days of heavy trading volume of 100-150 million shares or more. These kinds of volume surges can probably be correlated to various website posts. Prices are currently testing the declining 50-day moving average line.
The daily On-Balance-Volume (OBV) line made a peak in early November and a low in early May. The OBV line is inching up and suggests that buyers are slowly being more aggressive than sellers. The trend-following Moving Average Convergence Divergence (MACD) oscillator is pointed up towards the zero line. Almost there. 
In the weekly Japanese candlestick chart of PLTR, below, we can see some improvement in this chart. A small hammer pattern can be seen in early May - not the best example of a hammer with it will do.
The weekly OBV line shows some stability after a decline. The MACD oscillator has made a higher low in June and this is an improvement too.
In this daily Point and Figure chart of PLTR, below, we can see a potential upside price target in the $12 area.
Bottom-line strategy: the charts of PLTR show some improvement but I do not yet have enough confidence to declare that the bottom is in. Nimble traders could probe the long side risking to $7.75.
