two 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
Since the 82 day period,approximately 40 or so days have passed..
Looks to maintain the 2016 upward momentum
the 1.618 of the highlighted trend. bullish and bearish
What do you think...time to sell, or buy into the hype?
support taken from fib extensions
weekly chart suggest risk/reward only .89
I believe the close above long term 61.8% retracement is confirmation that downtrend is over. Looking for reversal at the listed support/resistance levels. this is not investment advice and is purely for educational purposes. best wishes, M
look for support at fib lines
stop : .59- .61
elliot wave structure, support at.382
nl is 38.2%
stop at ma
the bearish side of the coin
Reward is 4 Risk is 3
have at it lads
Im going to try and keep my wits about me, even if it tries to dip back down towards 5, and aim to sell around the high of the pitchfork resistance line.