I can understand why people think it might settle at $19, but I think we already may have seen the bottom, at $20.18.

For the last couple of months, I've been saying that $23 is the new $20. By extension, that also means that $20 is the new $17. Earlier this year, whenever PLTR lost the $20 support level, it would tumble as low as $17.

But now, whenever PLTR breaks down through the $23 support level, we can expect it to tumble as low as $20. I'm not saying that $19 is entirely out of the question. I'm just saying that the odds of PLTR seeing a technical rebound from low $20 are much better than the odds of it continuing to drop to $19.$Palantir Technologies Inc.(PLTR)$