PLUG Power Possible Reversal

By Jontripathi
Updated
It's the first time since July we have seen the price movement - break above Anchored VWAP

Key Level to hold would be SMA100 which is being tested at @ 27.66 and needs to be held.

Money flow went positive with MACD showing a positive indicator too

Momentum just went above one which is a very healthy indicator.

The next key resistance level will be at SMA200 35.41
Trade active
Holding well above Anchored VWAP
Trade active
Next break needed of 35.10
Trade active
Anticipating good run-up towards ER - possible break of 40 before ER
Comment
Still holding full position
Trade closed: target reached
Fundamental AnalysisTechnical IndicatorsPLUGplugpowerplugpowerstockTrend Analysis
Jontripathi

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