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Palantir stock breaks down below key support, signaling potential drop to $105 and lower.

Technical Signals
23 Jun 2026
FXEmpire
View Source
Bearish
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Palantir Technologies (PLTR) shares have broken below a critical support level at $122.68, confirming a bearish momentum after failing to reclaim the 200-day moving average resistance. This breakdown suggests the stock could fall further to target zones between $105.70 and $102.79, with a deeper drop possible down to $97.33 to $96.38 if the long-term uptrend line is breached. Resistance remains strong near $122.68 to $128.75, indicating any short-term bounce may face selling pressure. Investors should watch these levels closely as the stock continues its bearish correction phase.

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