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Watch These Palantir Price Levels as Stock Continues Retreat From Record High

1. Palantir shares declined for six consecutive days due to valuation concerns. 2. Short seller claims the stock is detached from fundamentals, valuing it at $40. 3. Investors should watch support levels at $148, $125, and $98. 4. Recent decline coincided with the RSI falling into bearish territory. 5. Palantir's stock remains 16% below its record high this year.

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FAQ

Why Bearish?

The stock is under pressure due to valuation concerns raised by a short seller. Similar scenarios in the past have led stocks to retreat significantly after such reports.

How important is it?

The significance lies in the valuation concerns that impact investor confidence and trading behavior, making it a critical moment for PLTR.

Why Short Term?

The immediate trends indicate a selling momentum likely to continue in the near term. Historical patterns show that intense selling tends to affect prices quickly.

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