PLUG might be instore for a strong rally. If earnings go well we can see possibly 31.90 which is the .236 level on my Fibonacci retracement. from there we can see a break toward 35-36 by end of the week. I do not expect earnings to make a strong jump because it might make this an unhealthy set up. A nice steady rise in price will always have a better outcome for a strong rally. if it breaks out from this formation then the move will be invalid. my target by end of week or even until end of month is between 35-37.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.