Plug reached a high of $1565 in Jan 2000 and since plunged to $0.12 in 2013.
It broke out of its 17 year downtrend on Sep 2017 touching a high of $75.49 and since maintained an uptrend with a pivot support at $17.30. A pullback started with a short on the weekly charts at $36.45 and made a low of $18.47.
The day charts is long at $28.14 since 270921 with a target of $36.00 (Supertrend resistance on the week charts). A break above $36.00 may trigger a reversion back to a multiple uptrend for PLUG with the first target at $75.49
Long Term UPTREND from 010917
Medium Term PULLBACK since 220321
Short Term UPTREND since 270921
Pivot 36.00
Short positions below 36.00 for 27.33 and 17.30
Long positions above 36.00 for 75.49 and 131.00
It broke out of its 17 year downtrend on Sep 2017 touching a high of $75.49 and since maintained an uptrend with a pivot support at $17.30. A pullback started with a short on the weekly charts at $36.45 and made a low of $18.47.
The day charts is long at $28.14 since 270921 with a target of $36.00 (Supertrend resistance on the week charts). A break above $36.00 may trigger a reversion back to a multiple uptrend for PLUG with the first target at $75.49
Long Term UPTREND from 010917
Medium Term PULLBACK since 220321
Short Term UPTREND since 270921
Pivot 36.00
Short positions below 36.00 for 27.33 and 17.30
Long positions above 36.00 for 75.49 and 131.00
Quant Strategic Singapore