Palantir (PLTR) has lost momentum as software stocks face growing concerns around AI disruption to their core businesses. Rick Ducat breaks down the technical setup, with shares recently stuck in a $130–$160 range and showing weak direction from key moving averages. With earnings approaching, Ducat highlights $130 as a critical support level and outlines a bearish example using a put vertical strategy to position for potential downside, with an expected move of 12%.