Palantir Stock Plunges 32%: Is It Time to Buy the Drop in PLTR?

Palantir has posted an 8% gain in the last 24 hours, with its price positioned above both the 20‑ and 50‑day moving averages. The RSI sits at 65, below over‑bought territory, indicating limited short‑term selling pressure. However, the 32% decline mentioned in the headline could heighten investors’ risk perception and generate modest selling pressure in the near term. Consequently, despite strong technical indicators, the market may remain neutral in the short run due to the potential impact of the news. Investors are advised to monitor both technical and news sentiment.