Palantir Technologies Inc. shares are trading lower Monday as the market continues to dip. The market as a whole has been dropping the past couple of weeks as technology stocks see a bear market.
Palantir was down 11.35 percent at $12 at publication Monday.
Palantir Daily Chart Analysis
The stock was trading in what technical traders call a falling wedge pattern and fell below the support level showing the stock is not yet ready for a reversal. The stock looked as though it was going to bounce off support, but the market crash made it drop lower.
