Even with a 33% gain today, $PLUG is still in this extremely long and tightening wedge and just being held down by the 50 Day MA which is at the top wedge trend line too at $3.80.
No changes to our chart here, the gain was more than likely a squeeze today but until the price breaks out of this wedge, there is still a risk here....holders should be wary now of the market traders who have been waiting for a squeeze to exit their positions.....another rejection at this wedge top line and this could come back down again.
Federico Salerno
2024-01-23 23:26:26 +0000 UTC