PLUG POWER - READY FOR THE PUMP? As you can see, on weekly Time Frame we have a beautiful falling wedge, if this pattern will be broken with a broken resistance confirmation, there is a potential 10x in play.
I have an average between 3-4 USD so in my case 30-32 area will be an 8x
Nice formation. RSI has clean descending triangle, breaking the upper trendline on it should provide a good entry point for a long position.
devigriffel
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"We see a negative risk-reward for the PLUG shares until its operational track record and cash flow profile improve." - what PUMP? :D
sfc95
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@devigriffel, Hi Sir, like i mentioned " if this pattern will be broken with a broken resistance confirmation, there is a potential 10x in play." ...Please respect the price action. Im not saying anyone that from here we will have for sure a 10x. But if the falling wedge will be broken with a confirmation over the resistance, there is a potentianl 10x in macro terms.
Cheers!
Sodacan009
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@devigriffel atleast someone else sees this sh*t. "Pumps" on tradeview are only pumps if the poster gets enough ppl to fomo . Plug wont do sht until they get outside funding to cover cashflow issues. Also the stock is being played with daily so any true gain will take years.