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Jontripathi
Sep 23, 2021 3:10 PM

PLUG Power Possible Reversal Long

NASDAQ:PLUG1D
Plug Power, Inc.NASDAQ

Description

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It's the first time since July we have seen the price movement - break above Anchored VWAP

Key Level to hold would be SMA100 which is being tested at @ 27.66 and needs to be held.

Money flow went positive with MACD showing a positive indicator too

Momentum just went above one which is a very healthy indicator.

The next key resistance level will be at SMA200 35.41

Trade active

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Holding well above Anchored VWAP

Trade active

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Next break needed of 35.10

Trade active

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Anticipating good run-up towards ER - possible break of 40 before ER

Comment

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Still holding full position

Trade closed: target reached

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Trend AnalysisTechnical IndicatorsFundamental AnalysisplugpowerPLUGplugpowerstock
Comments
Dimidim1
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the 26 dollar level was held and targets are set sir ... 31.5 and 36 respectively ! 26 was the main hurdle to be honest and we held so I dont see why we wouldnt go to 30 plus
Jontripathi
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@Dimidim1, couldn't agree more.

What I'm keen on seeing though is institutional short positions closing.

Hopefully happens soon.
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