$PLUG: unloved IRA beneficiary

Updated
Potentially a bottom here, PLUG has come down a long way here and has a low risk setup to capture a mean reversion move towards resistance from the most recent quarterly report.
Worth a punt as a short term trade, could evolve into a longer lasting bottom too.
Best of luck!

Cheers,

Ivan Labrie
Trade closed manually
Probably ok to side step everything going into tomorrow...overnight might not be desirable until Powell and CPI data are out of the way. (decent move since the open anyways)
Beyond Technical AnalysisChart PatternskeyhiddenlevelslabrietradingPLUGtimeatmodeTrend Analysis

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