Forming a wedge

$Palantir(PLTR.US)$ PLTR had a nice breakout after earnings. However it seems to have come to a stall whenever it tried to break it's VWAP (Volume Weight Average Price) and the $26 resistance line. Though it has found support along it's 50 days EMA.

Therefore price is currently being "squeezed" and is forming a wedge. Be prepared for another breakout move in the coming days. Up or down? I have no idea. I will play according to the price action.

>$26 to buy $27C
<$24 to buy $23P

Although there seems more "meat" for PLTR to go down than to go up because even if it gets past $26, $27.50 is another big resistance level to break through. Just some food for thought. Good luck and cheers.