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PLUG: WATCH FOR BREAK OUT OF THE ICHIMOKU CLOUD

Largo
NASDAQ:PLUG   Plug Power, Inc.
PLUG ICHIMOKU ANALYSIS:

The price is currently supported by Kijun, Tenkan and 20 and 50 EMAs, with Kinjun and Tenkan about to cross over. The price action is building pressure for a move above the 2 following resistances:
1. the current candle is just at the top of the cloud, looking for a break out.
2. The lagging span is stuck below the 100 EMA and the cloud. Watch for a retest and a potential break.

I'm entering a long trade on Plug.
Good risk vs reward trade as a stop can be placed just below the 50 EMA. Success will also depend of the overall market next week.

All targets on the chart
.

Trade safe.


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