It broke the descending triangle first and after accumulation price moved up. Today double dip line has been broken too.
Descending Triangle target is around 31$ (0.618 Fibonacci level)
And double dip target is around 24 $ (0.382 fibonacci)
Accumulation is possible between 200 day moving average and double dip line.
PLUG has been in an aggressive downward move this year.
The chart shows two failed attempts to get through the $29.60 resistance level. It is now attempting a 3rd and I'm bullish. Why?
The price action shows the aggressive downward move, a breakout from this move around $26.30 and a slight rotation of the angles indicating we may have found a bottom and...
