Plug Power - price correction or trend change? So, quickly. The price is still in a downtrend, and confirmations of a change are relatively high (changes on a high interval). On the positive side, we have reached the liquidity level from which the last significant increases occurred in 2020/21. This means the price could be very attractive for investors again. Those who invested here a long time ago in the long term may want to do it again or defend their remaining orders.
Let's take a look at a lower interval. On the 24-hour chart, it can be seen that an uptrend is starting to build, which may want to grow to around $6.5 per share, where the last liquidity for declines was.
What would I do? I would buy a package of shares and count on increases to around $6-6.50, then observe. If the price in the short zone wants to continue to decline, I would sell the package and wait for a more attractive price. If, however, the price passes through the $6-7 zone and goes up, on the retest, I would make additional purchases and count on a double-digit amount, as the next major stop could be around $10.
If the price NOW falls below $3 and closes there, it will mean that the only double-digit amount we will see in the near future will be after the decimal point.
