Palantir is at a resistance level with a potential top signal forming; a loss of the 21 EMA on the daily chart would confirm a bearish move towards the 21 MA, which could then offer a buying opportunity.
Source Post
Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR
Aug 12, 2026
The creator discusses the current market conditions, noting that the SPY and QQQ are trading sideways within congestion zones. They emphasize the importance of waiting for clear breakouts or breakdowns before making trading decisions, adopting a neutral stance on both indices until a decisive move occurs. The creator also briefly mentions Nvidia as an example of a stock near resistance levels.
Linked Mentions
Tickers discussed in this post
Tesla is showing a bearish candle and losing support, potentially triggering a sell signal if a lower low is formed, but the creator is maintaining a bullish case based on weekly chart signals and a potential gap fill.
Apple collapsed after earnings and showed a bullish reaction above support, leading to a buy call, though it is currently losing momentum.
Nvidia is mentioned as an example of a stock that is currently near resistance levels, implying it's not a buy at this point.
Linked Signals
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