dzygadlo

Pennant Pattern with a large potential upside ~$110

Long
dzygadlo Updated   
NASDAQ:PLUG   Plug Power, Inc.
I love the pennant pattern and if this is true to the rule of thumb then there's ~$40 of upside to this. Rule of thumb says to tack on the increase that created the pole for the pennant to the price when exiting the pennant. That put's it at $110/share.

See the definition at investopedia.com just search for "Pennant"
Trade closed: stop reached:
I hit my stop at $58 - this looks like it could drop to $52 level and I'll re-evaluate an entry point then

I'm not a financial advisor and I'm not offering financial advice. Everyone should do their own homework before making any decisions!

Good luck and I'm always interested in what you think.
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