Palantir is a stock in peril. Look at these chart support levels before any major washout

We have seen this dance before – a stock with a record beat and raise where the fundamentals scream buy, but the market reaction and technicals tell a different story. Palantir Technologies has fallen into that tricky spot where it can exceed expectations and still see the stock trade lower. Expectations around artificial intelligence growth and valuation remain stratospheric, but this coming quarterly report may focus on whether it can re-accelerate its story enough to justify the high multiple. We can let others argue the fundamentals. We are here to focus on price action as it nears next Monday's earnings. The stock is on the ropes as it comes to a crucial technical threshold. How it started… After debuting as a direct listing in September 2020 at $10, the stock climbed as high as $45 before hitting major turbulence and falling as low as $6. Shares bottomed at the end of 2022 and then went on a run for the ages. That ~2700% rally from those lows to the November $207 peak has rolled into a clear topping structure and shows signs that this recent bend, which includes a 35% drawdown, has the potential to break. The Very Public Battle… The supporters and detractors of the stock have made headlines. The peak in shares coincided with infamous short seller Michael Burry of Scion Management taking a short position the week of the stock's all-time highs. That led to a public retort from Palantir CEO Alex Karp slamming the short call and investors betting against his company. …