Michael Burry identified a head-and-shoulders formation in Palantir’s price chart, noting left shoulder, head and right shoulder peaks at progressively lower highs. The neckline sits near recent support levels, and a decisive break below that zone would confirm a reversal pattern and raise the risk of further losses.

Chart specialist Ben Watson applied the awesome oscillator study to Palantir’s intraday action and observed a shift below the zero line, signaling waning upward momentum. This decline in oscillator bars suggests that bulls are losing control and that a failure to recapture positive readings could spur additional selling pressure.