Palantir Stock Got Clobbered. Where the Chart Says It’s Headed Next.

Megacap software stocks have been dragging on the broader tech sector—I previously flagged this potential shift, highlighting growing weakness in Microsoft, Oracle, and CrowdStrike—and the risk of a deeper selloff is rising. The stock, which fell 2.3% to $701.03 on Tuesday, has fallen in nine of the last 14 sessions, and as the fifth-largest holding in the iShares Expanded Tech-Software Sector ETF, its recent weakness adds pressure to an already fragile group.