$PLUG - Made a wicked rebound off 1.50 will use that as major support, gonna follow the price action for the rest of the week... Volume and further PRs validating the companies future prospects to propel this higher...
Likely will see profit taking going into next week unless the bulls continue to push this up. Super overbought and parabolic-like.
Notes on chart. Weekly still looks awesome though. Not a bad idea to take some profits and trail the rest.
Expect some resist at $1.29. Should consolidate under before next move
The importance of .76 shown with arrows. 4 rejections in 1 year so far successfully tested 2day
Plug has been in an uptrend for the past year, Nice volume and price movement. since mid-September, a triangle pattern has been forming with a flat bottom around 0.57, In this scenario for PLUG (General uptrend, triangle pattern forming) I am expecting Plug to break through resistance and find a new support level. Support at 0.57 has held strong, I predict a POP...
Cant get to $1 until we say goodbye to $0.72. Volume tells me we eventually go higher