Palantir: the 29% rebound fades as the decline resumes

Palantir is at week 20 of the sell signal, with the trade up 24.53% from entry. The 29% technical rebound recorded in late May has faded: the latest week closed down 5.6% with sellers dominant at 88%, and short-term indicators point to renewed bearish pressure. The support structure in the 128 area is holding for now, but selling momentum has picked up again.