You still feeling the same? There is nothing but good news with this company, so to see it drop to low 50’s makes me think a huge correction is occurring on Plug which was an inflated price. Are you setting a stop loss at some point just in case the bottom falls out?
ginocap
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It is at the 50% Fib right now and it's oversold so a bounce to around $58 - $65 seems logical, but I believe eventually the gap between $36 and $48 will be filled.
DirtLock1
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@ginocap can you explain the “gap” between 36and $48 to me please? Still learning some of the lingo.
ginocap
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@DirtLock1, No problem. If you look at the daily chart the OP posted you can see an empty space in the candles between prices $37 and $43. Typically the price will move to "fill" those gaps eventually. If you look at the gap above that between $56 and $60 you can see it has been "filled" already.
ginocap
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@DirtLock1, I am very bullish on PLUG so I do believe the price will keep going but you may see it bounce and drop back down to fill that gap, then back to the moon it will go.
miliatomas
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@DirtLock1, I agree with you. I was waiting for this close to buy more shares. My prediction is that Plug power will be above $350.
DirtLock1
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@ginocap 🙏🏽 Thank you for the insights. While a lot of this company is still in R&D they are making some incredible deals all over the place which makes me very optimistic for their future. I have been trading based on a companies future potential, ethical values and carbon footprint, and now I am learning how the day to day market works. Which can be a little nerve racking without the knowledge your sharing. Again appreciate it greatly.
selwilton
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Let’s hope so. This is nuts that it is at this price right now. It should be at least above 60
schneidtmanuel
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@selwilton Why is this nuts? Keep in mind we are talking about a $30 billion market cap with negative earnings
greencleanhumanbeing
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This is what I am feeling this dip is an opportunity to get in low before 75-80 target