PLUG - Cup and Handle Formation. Is it time for LONG??
PLUG power,
It is having a slow recovery from its drop of more than 70% from ATH back in 2021.
1) From its low, it has gained more than 20% and formed a nice Cup pattern on Daily
2) 30sh levels are showing signs of resistance and with recent run-ups, pull back is imminent along with the market
3) Anything above 30 good volume would be bullish case
4) Entry, profit targets, and stop-loss are marked
Is it time to go LONG- maybe. For now, watching these levels.
PLUG
It is having a slow recovery from its drop of more than 70% from ATH back in 2021.
1) From its low, it has gained more than 20% and formed a nice Cup pattern on Daily
2) 30sh levels are showing signs of resistance and with recent run-ups, pull back is imminent along with the market
3) Anything above 30 good volume would be bullish case
4) Entry, profit targets, and stop-loss are marked
Is it time to go LONG- maybe. For now, watching these levels.
PLUG