Plug Power, Inc.Short
$PLUG Identical Bearish Candlesticks with Overbought RSI and MFI
Updated
Potential hard correction to 52 or at least 50% Fibo. Yesterday candlestick showing doji shape and similar to hangman candlestick . Bearishness can be triggered below the tail of Thursday candle below 65-66 . from others ide bearish pattern can be stopped above Thursday candle above 74-73. also the decline pattern can lead to 39 which is around 50% correction from All time highs. Very interesting!
Note
Watch RSI and MFI how turned down , Theoretically they will drop to buy zoon near 30-40 but lets see.. its dropped more than 15% in two days.. from 73.9 to 57.5
Note
still bearish under 73! if break it out then could see big jump upNote
almost 3 weeks - same analysisTrade closed: target reached
Trade closed: target reached
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