The key price for PLUG going in to earningstwo doll hairs.
PLUG had been stuck in a downtrend for 1072 days before getting its bump back in february. two dollars seems to check out for me as an opportune entry point
Plugpower
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.
Long
PLUG Break out of through resistance on large volume. BULLISH.PLUG (Plugpower) Break out through resistance on large volume and news that Amazon is buying 600m of shares. Resistance line broken at 2.40 now acting as support.
Long
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.
Long