trading $PLTR back to 160Palantir Technologies Inc. Class ABATS:PLTRKhanhC.HoangThe current phase still reads as Distribution transitioning into Mark-Down, but with a developing secondary test after the post-earnings break. Palantir reported Q1 revenue of $1.633 billion, up 85% year over year, and raised full-year revenue guidance to $7.65 billion to $7.66 billion, yet price failed to sustain upside, which is classic evidence that supply is overwhelming strong fundamental news. Institutions likely used the strength and narrative premium to distribute inventory after the prior buying climax near $207.52. The most probable next move is either a relief rally into the $143 to $145 supply zone that gets tested for failure, or a renewed downside push if $132.42 gives way.