PLUG Bearishness Waning (hourly technicals)Hourly chart showing impending MA Cross, pinching MACD and Stoch, RSI over 50. Probably volatile until the stock closes over $2.40, but if technicals follow through the bearish snap of the last few days could be over. However, a close below $2.20 puts $2.00 in play.
PLUG
Bull Run? ? Word on the wire is that there is a BIG deal coming through for PLUG, Walmart, then Amazon and also China is planning on using PLUG cells for the RE makeover they are going through. They recently got out of debt and appear to be moving forward. Curious to know your thoughts, I can't find any contriadicting research. All stories seem to validate.
Plug power forming multiple XABCD patternsPlug power looks to be forming both a batwing and gartley XABCD pattern. It is currently in the bullish direction after forming an engulfing bullish line and a bullish 3-method formation on the .236 point, which it appears to be confirming with a bullish movement. I expect this to go to either $7 - 7.35 (high chance) or around $10.30 (low chance), at which point, both will result in a bearish trend.
$PLUG in a corner for next breakoutMilestones ahead for traders of $PLUG. The next breakout could be soon yet volume must be produced. Currently, there is a decrease in volume, leading to a consolidation period. Support line is not strongly established as the resistance line. This can lead to bearish movement. Holders of low strike price are able to withstand volatility daily traders with tight entry points should use protective stop limits.







