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Mullamaker

PLUG needs to hold trend line or falls back to SMA 50

Plug Power, Inc. (NASDAQ:PLUG)  
Mullamaker Updated   
NASDAQ:PLUG   Plug Power, Inc.
Trend Analysis Chart Patterns
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trendanalysis chartpattern
PLUG trying to breakout here. Under the trend line and we go back down to SMA 50.
Need more volume to go higher.

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Comment:
As seen on the chart, PLUG failed to break above the trend line and is now heading back down. Demand zone is around $15 and then $13 at the 50 SMA.
Trade closed: target reached:
PLUG back to SMA 50 as expected.
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