JXMFinancial

Riding the downtrend down

NASDAQ:PLUG   PLUG POWER INC
39 2 1
Any real pop breaks downtrend and neckline. Buy signals are getting lower every day
Volume lower as well. So far it is no ta higher high, and with yesterday's narrow trading seems to be opening up for a higher low. Meaning starting from today it is trading so close to the line it may actually break out of it, making a green day, a higher low, a break of the trend and ultimately a pop....but i would caution on this one - this may be a play and a headfake to trade on the technical traders who will get in the stock
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looks like headed to below 2.80 if downward trend continues. I would need to see a move up into mid 5's to establish a reversal.. Shorts have the upper hand for now
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