Broke down its uptrend channel. Now moves in the box, and needs to hold support.
MACD and DMI are also bearish trend, though not too strong.
Bounced up after touching the lower line of the channel.
Cup and handle pattern??
Beautiful uptrend channel... Price is moving above 50 DMA, crossed above median line, and pushing higher to reach the next resistance.
Ascending triangle is forming for PLUG. Price is also above 20 and 50 DMAs in an uptrend.
Uptrend should remain in place as long as the channel holds.
Broke out the consolidation area. Reached the next resistance level, and pulled back to support level. It closed above resistance today. It could be a long setup IMO.
Break above the resistance line must be confirmed. Watching for LONG.