PLUG showing potential upside, but leaning to a check of support
In looking at the daily chart I'm leaning towards a final check of support into the upper 
20S (PT's listed on chart) before regaining a steady uptrend.
Looks as if PLUG breaks below $34 again with rejection to upside, it won't find demand until at least $28 and change, with a final downside potential move at $25.70-$25.92.
If it can regain demand above that 120mil candle that failed, there's a nice little gap to push $43.16-$44.76; with a final upside potential of $47.25-$47.85 for that move.
Overall I feel that the red trendline below the current price action needs to be tested for equalization in order for a steady move up in the future. This is due to the lack of consolidation from that original move up in NOV 2020
20S (PT's listed on chart) before regaining a steady uptrend. Looks as if PLUG breaks below $34 again with rejection to upside, it won't find demand until at least $28 and change, with a final downside potential move at $25.70-$25.92.
If it can regain demand above that 120mil candle that failed, there's a nice little gap to push $43.16-$44.76; with a final upside potential of $47.25-$47.85 for that move.
Overall I feel that the red trendline below the current price action needs to be tested for equalization in order for a steady move up in the future. This is due to the lack of consolidation from that original move up in NOV 2020
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.