Keep PLUGging away!Plug has been a great trade with a "Go" trend established in April. There have been some consolidations but the trend hasn't been broken and we have seen several low risk entries identified by GoNoGo Charts displayed with green circles.
On September 30th, we saw the latest of these, just before the most recent price surge. This surge also has pushed price to new highs. The GoNoGo Oscillator has rallied back above zero also and so the overall technical environment for PLUG remains very strong.
4PLUG trade ideas
PLUG - Impulse to CorrectivePLUG has finished it's latest bull-run and is in the midst of a much larger correctional wave. Just my notes based off the wave-count I see.
There could be a minor ABC corrective wave that's already finished, for this reason the price point of invalidation is: 13.55
Looking for a pullback to the $10-$9 range.
Daily Wisdom 13 - Such is the marketO Captain! my Captain! our fearful trip is done,
The ship has weather’d every rack, the prize we sought is won,
The port is near, the bells I hear, the people all exulting,
While follow eyes the steady keel, the vessel grim and daring;
But O heart! heart! heart!
O the bleeding drops of red,
Where on the deck my Captain lies,
Fallen cold and dead.