Usman Salis
⬤ Palantir Technologies (PLTR) continues sliding lower as the stock breaks through critical technical levels on the chart. The shares have confirmed a large head and shoulders pattern while simultaneously falling below the long-term trendline that had supported price action throughout 2024.
⬤ The chart reveals three distinct peaks forming the classic reversal structure, followed by a decisive breakdown below the neckline area. Once that level gave way, PLTR dropped toward a potential support region that originated from price action in early 2025.
⬤ Multiple support areas that previously held have now been broken as price trades well beneath the established trend support. The pattern confirmation combined with the trendline break signals significant deterioration from the strong uptrend phase visible in earlier months.
⬤ Right now, PLTR sits in a technically vulnerable spot, with that early 2025 support zone serving as the next reference point while bearish momentum from the completed pattern continues weighing on shares.
Usman Salis
