$PLUG - RC -
Added 2024-08-12 16:19:04 +0000 UTC$PLUG was in a long descending wedge since 2021 and managed to break out in late 2023 but after consistently missing on earnings since August 2020, the price has moved sideways in a consolidated range.
$PLUG is under severe pressure right now to turn this around and time is running out.
A break below $1 and the exchange will notify $PLUG of their requirements to stay above $1 and a break below the all time low level at $0.79 and I do not think $PLUG will survive.
$PLUG will likely need to take action soon to turn this around, it is consistently below its 50 Day MA so will need to break above this level to turn this around and next will be the 200 Day MA at $3.50
Comments
“The future is hydrogen”… how many times did I hear it. And Plug the brand for the future. For what I periodocally read about Plug, the main problem is the lack of ability to make profits. Debts, projects canceled or delayed, very unconsistent promises to the stakeholders. I am very disappointed because I trusted a lot of idiots. And Plug is not the only trash stock of course.
Federico Salerno
2024-08-12 17:32:59 +0000 UTC
