Planatir (PLTR) Under Perssure

Readers may note that the stock's daily MACD has just gone bearish. This happened in very early November as well and that was clearly an opportunity to get long or get longer. Relative strength is stronger than neutral as the stock wobbles into the end of the year.

There is some profit taking going on in this environment, which is a natural byproduct of having had a great year. The trend is still upward sloping and nowhere near cracking. If there should indeed be a crack, the 21-day EMA at $74, the 50-day SMA at $62 are lined up as support levels that could maintain said trend.