$5.21-$5.42 needs to hold. Upside break would target $7
Comments
A-shot
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Thanx for the coverage on plug. I actually sold off at 6.23, and i the day after i did not want to initiate the position. I actually checked your charts as well before adding to my positions as i started at 4~, but once if ve seen the day end in red after a huge runup, i checked all previous occurrences of the same up trend brake...and i think one out of ten actually had a continuation after such a day. 2 days later plug is in red... What i noted also was that in half of the cases, if not the most the price did go further up after some days, so i would start thinking of getting in from tomorrow and judging by action (hopefully manage to get in before the next huge run). But the reason why it went up recently is not that of a strong to justify the runup as i think. But i was waiting for the run a long while (as it was trading on the trend floor for quite some time. )