Palantir stock fell for the sixth straight session on Wednesday. With the retreat, Palantir stock is down 22% from its all-time high.

Palantir stock sinks below a key technical level, extending a steep two-day drop. History suggests buying the dip could pay off—big.

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Palantir Technologies was the worst performer in the S&P 500 on Tuesday, with the stock continuing to surrender gains following a blowout earnings report earlier this month.

Palantir stock has been on a rough run, slipping for the fifth straight session and now sitting 12% below its recent all-time high. Despite reporting a blockbuster Q2 with stronger revenue and guidance,

Palantir shares have fallen nearly 20% over the past two days following a large post Q2 earnings rally earlier this month. Learn more on PLTR stock here.

Palantir stock (NASDAQ: PLTR) took a sharp hit on Wednesday, falling about 7% as high-valuation tech stocks pulled back across the market. The AI and data analytics company had hit record highs earlier in the month,