PLUG showing potential upside, but leaning to a check of support

2021년 4월 4일

In looking at the daily chart I'm leaning towards a final check of support into the upper 20S (PT's listed on chart) before regaining a steady uptrend.

Looks as if PLUG breaks below $34 again with rejection to upside, it won't find demand until at least $28 and change, with a final downside potential move at $25.70-$25.92.

If it can regain demand above that 120mil candle that failed, there's a nice little gap to push $43.16-$44.76; with a final upside potential of $47.25-$47.85 for that move.

Overall I feel that the red trendline below the current price action needs to be tested for equalization in order for a steady move up in the future. This is due to the lack of consolidation from that original move up in NOV 2020