Palantir Technologies (PLTR) - Bearish IdeaPalantir is currently breaking down from a clear distribution pattern, failing to reclaim previous highs and showing signs of a macro-driven top. The chart highlights a series of lower highs, breakdown of rising trendline support premarket, and increasing downside momentum.
From a fundamental standpoint, Palantir is still trading at an exceptionally high valuation:
P/E (TTM): ~350
Forward P/E: ~130
Valuation far exceeds even the average Nasdaq tech stock
In the context of a shifting macro environment:
Trade war escalations and tariffs are increasing pressure on the tech sector, particularly AI-driven companies like Palantir that depend on high-performance chips.
Rising inflation risk, combined with persistent interest rates, is likely to continue pushing investor sentiment away from overvalued growth stocks.
Broader market rotation from risk-on to risk-off suggests capital will exit speculative names.
From a technical perspective:
Trendline support has broken premarket
There is a deeper demand zone between $14–18, which coincides with volume shelf and pre-hype accumulation range
This is not a call for an immediate collapse, but rather the beginning of a macro-level revaluation process. Short-term bounces are to be expected, but the overall trend appears to be decisively down unless strong macro or fundamental catalysts reappear.
Target zone: $14–18
Stop invalidation: Weekly close above $103
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Disclaimer: This is not financial advice. The content reflects a personal market view and is intended for educational purposes only. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
