Bull Flag on the weekly chart
It looks like PLUG is ready to break out from its "bull flag" that started forming more than a year ago.
The stock is sitting around its Point of Control (26.02, Fixed range volume profile).
The more times it approaches this level, the more violent the shift will be in one direction.
In addition, the stock is close to the bull flags resistance, which wasnt rejected harsh.
It is important to note, however, that a widespread market seloff could ruin the breakout.
Support: 26.02, 16.83, 10.62
Resistance: 30.21, 40.72, 76.82
The stock is sitting around its Point of Control (26.02, Fixed range volume profile).
The more times it approaches this level, the more violent the shift will be in one direction.
In addition, the stock is close to the bull flags resistance, which wasnt rejected harsh.
It is important to note, however, that a widespread market seloff could ruin the breakout.
Support: 26.02, 16.83, 10.62
Resistance: 30.21, 40.72, 76.82
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