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WinnerTrader99

$PLUG Identical Bearish Candlesticks with Overbought RSI and MFI

Short
Plug Power, Inc. (NASDAQ:PLUG)  
WinnerTrader99 Updated   
NASDAQ:PLUG   Plug Power, Inc.
Trend Analysis Chart Patterns Technical Indicators
6
0
trendanalysis chartpattern indicator
Potential hard correction to 52 or at least 50% Fibo. Yesterday candlestick showing doji shape and similar to hangman candlestick . Bearishness can be triggered below the tail of Thursday candle below 65-66 . from others ide bearish pattern can be stopped above Thursday candle above 74-73. also the decline pattern can lead to 39 which is around 50% correction from All time highs. Very interesting!
Comment:
Watch RSI and MFI how turned down , Theoretically they will drop to buy zoon near 30-40 but lets see..
its dropped more than 15% in two days.. from 73.9 to 57.5

snapshot
Comment:
still bearish under 73! if break it out then could see big jump up
snapshot
Comment:
almost 3 weeks - same analysis
snapshot
Trade closed: target reached:
Trade closed: target reached:

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