- Palantir trades at $157.28 after falling from $189.44 with analysts projecting a bear flag pattern.
- Key levels show $166 as failed support with $142.50 and the $130–$135 zone as next downside targets.
- Analysts see the $130–$135 dip as buyable even though current chart action confirms a bearish continuation.
Palantir Technologies Inc. ($PLTR) shows a bear flag pattern in progress, with analysts projecting a potential move toward $130–$135. The daily chart of $PLTR highlights a downward consolidation following the recent peak near $189.44. Price has since retraced, breaking below the $166.00 midpoint before stabilizing around $157.28 at the time of reporting. Analysts identified this structure as a developing bear flag, signaling potential downside continuation.
The chart suggests that Palantir could extend losses toward the $142.50 level, where prior support is visible. This level, marked near June’s anchored VWAP, may act as a pivot zone if the downtrend deepens further. Volume analysis shows heavier selling activity during the decline, reinforcing the bearish pressure in the short term.
The outlined path in the chart projects another leg lower into the $130–$135 zone. While the drop would represent a sharp correction, commentary indicates that such a move could eventually create a buyable dip for longer-term investors.
Key Levels and Technical Context
Technical analysis points to three critical reference levels: the $166.00 midpoint, the $142.50 support, and the projected $130–$135 target. Losing momentum at $166 confirmed the weakness of the prior rally, pushing price action deeper into corrective territory.
The $142.50 support has historic importance, acting as a floor during previous consolidations. If this level fails, analysts expect the next draw to test the $130 range, aligning with the bear flag projection. Market participants often view such measured moves as standard technical responses to extended rallies.
Volume bars on the daily chart indicate increased participation during selloffs, highlighting that distribution remains stronger than accumulation. This aligns with bearish continuation signals, suggesting that any short-term relief rallies may be capped before lower levels are revisited.
Community discussion also points to the potential for Palantir to reset before forming a more sustainable base. The idea of a buyable dip in the $130–$135 zone reflects the view that downside pressure could precede recovery opportunities.
Analyst Commentary and Market Sentiment
His commentary highlighted the potential within the setup despite the ongoing bearish trend. By framing the move as both a technical correction and an eventual opportunity, the analysis captured market interest. The post has already drawn significant engagement, with thousands of views and multiple trader discussions.
Social responses emphasized the broader market context. Some users noted that Palantir could eventually build a base after the correction, depending on overall market behavior. Others agreed with the downside projection but stressed that the potential for future recovery remains present.
