Plug Power, Inc.Long
PLUG; strong uptrend
TREND
Strong uptrend as indicated higher high and higher low with two gaps: Breakaway gap and Common gap
Price action
Just breakout from the 2nd Darvas box
Volume
Bullish volume are consistently above MA while bearish volume
Indicator
Keltner Channel is used as an indicator where this indicator confirms that the uptrend is strong.
This is indicated by how the candles are consistently above the EMA 20 (the median of the channel) and on the upper part of the channel.
Risk management
Cutloss 43.44
Strong uptrend as indicated higher high and higher low with two gaps: Breakaway gap and Common gap
Price action
Just breakout from the 2nd Darvas box
Volume
Bullish volume are consistently above MA while bearish volume
Indicator
Keltner Channel is used as an indicator where this indicator confirms that the uptrend is strong.
This is indicated by how the candles are consistently above the EMA 20 (the median of the channel) and on the upper part of the channel.
Risk management
Cutloss 43.44
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