Plug - Hear me outProposing a trade on a shit-co like plug may earn some laughs but hear me out for a second.
In the right light and with enough alcohol, she could pass for a strong six. I'd do her.
Jokes, aside, due to the frantic rush to solve AI datacenter energy problem, power companies have been getting a lot of play lately, some have real growth potential, while others may be the speculative dream of degenerates like myself.
A 25 year old company, about to hit the figurative wall (DiCapiro joke...slaps knee), has suddenly seen an influx of buying activity and what looks to be increasing volume following a look below and fail of a weekly box.
According to box rules, I can't ignore this trade. Plug has been in an area of consolidation for years. It's completed atleast two look above and look below and fails of the larger boxed range.
I'm not saying that this stock is going to the moon, but if It can reclaim the top of the mini weekly box and hold the midpoint of the larger box then $8 seems like a realistic target to me.
Now, this stock would easily revert back to the volume point of control (VPOC) around $2 or lbaf again or simply fail miserably below the boxes...then all you degens will be living in boxes.
If we do see 2.50 - $2 again, I'd love to take an entry there (a lbaf of vpoc would be nice too). Otherwise, I'll be monitor this name for the mentioned trades.
My posts are for shits and giggles. I'm just a guy with an interest and a celcius addiction.
~The Villain
