PLUG - Drifting to the MA (50)

14 févr. 2021

The chart looks great. In fact I bought some just looking at it because it's gorgeous. Of course, then I looked at RSI & MACD to see what they have to say. Unfortunately, strong divergence. Very possible we'll see this stock break down below this pennant in the next few days. If it does that, we could see prices on or about the 50 day moving average. The one optimistic detail is the declining seller volume. which leads me to the title of this post -- it could just very well float sideways in this pattern for a little while longer until either the MA (50) meets up with it (March) or it breaks out. If that's the case, awesome, it'll give those indicators a chance to align with price action and we'll eventually see this one pop. Adding this one to my watchlist until one of the above happens.

16 févr. 2021

Note

Broke below pennant as predicted above. Look for a slow and constructive pullback to the 50 MA (blue line) for a potential long position. It'll be a bull flag at that point. This is still a strong stock. Don't let it off your radar.

27 févr. 2021

Note

No pull the plug jokes? Looking like we're filling the gaps in the bull pole. Keeping this one on the back burner until the technical improve.