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
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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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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