PLUN trade ideas
$PLUG Rebound$PLUG - Made a wicked rebound off 1.50 will use that as major support, gonna follow the price action for the rest of the week... Volume and further PRs validating the companies future prospects to propel this higher...
Updated chart with notes. Likely will see profit taking going into next week unless the bulls continue to push this up. Super overbought and parabolic-like.
Updated daily chart.Notes on chart. Weekly still looks awesome though. Not a bad idea to take some profits and trail the rest.
Bullish Triangle FormedPlug has been in an uptrend for the past year, Nice volume and price movement.
since mid-September, a triangle pattern has been forming with a flat bottom around 0.57, In this scenario for PLUG (General uptrend, triangle pattern forming) I am expecting Plug to break through resistance and find a new support level.
Support at 0.57 has held strong, I predict a POP coming.
Prediction:
Buy @ 0.6 or lower
Sell @ 0.7 or higher
