Hello traders and investors! Let’s see how PLUG is doing today!
First, despite the volatility, it is not doing anything surprising today. As we can see, in the 1h chart, PLUG is dancing around the 21 ema, between the support at $ 25.01 and the resistance at $ 28.35.
The resistance at $ 28.35 is quite important. It was a previous support level on June and July, and now it has been a resistance, following the Principle of Polarity.
Although we have a congestion in the 1h chart, in the daily chart PLUG is in a bearish momentum, as it can’t defeat the 21 ema properly. As long as it keeps between these black lines, nothing interesting will happen.
The situation is quite simple: If we lose the $ 25, then we will head to the $ 18 (if we don’t see any good reaction quickly). If we defeat the $ 28.35, it’ll be great, as we’ll defeat the 21 ema too, and the target will be the $ 36.16.
Where do you believe PLUG is heading? If you liked this analysis, follow me to keep in touch with my daily studies.
Have a good weekend.
First, despite the volatility, it is not doing anything surprising today. As we can see, in the 1h chart, PLUG is dancing around the 21 ema, between the support at $ 25.01 and the resistance at $ 28.35.
The resistance at $ 28.35 is quite important. It was a previous support level on June and July, and now it has been a resistance, following the Principle of Polarity.
Although we have a congestion in the 1h chart, in the daily chart PLUG is in a bearish momentum, as it can’t defeat the 21 ema properly. As long as it keeps between these black lines, nothing interesting will happen.
The situation is quite simple: If we lose the $ 25, then we will head to the $ 18 (if we don’t see any good reaction quickly). If we defeat the $ 28.35, it’ll be great, as we’ll defeat the 21 ema too, and the target will be the $ 36.16.
Where do you believe PLUG is heading? If you liked this analysis, follow me to keep in touch with my daily studies.
Have a good weekend.
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