Stochastic has dropped below the critical value of 20 and PLUG is now oversold. An oversold condition means that the recent downside momentum is not sustainable.
Komentarze
Septimus
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It's a good time to buy when it's below that figure, (so buy now in this price range). It will definitely go up from here in the short term. Figuring out the exit strategy is a little trickier than figuring out where to buy. 13%-15% profit is probably a safe bet. Use Fibs and past resistance to help set price targets.
s25khali1
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Thanks for the advice and great call! I got in plug @ 6.15
Did u buy?
Septimus
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I bought it on 3/21/14 the day it hit the double bottom. I tend to hold for a longer term than most people on here. I could have made a tidy profit had I sold in the $8 range, but I see this going to around $10.30-10.50. I believe what's held it down is the number of short sellers (around 30%). That's a very significant percentage because it shows that people who are interested in investing in this company are still bullish (more demand), and that the price is being artificially held down by people who are borrowing shares to sell rather than a true drop in demand (bulls selling). Eventually bulls will win out over short sellers because there are protections that get triggered once a certain percentage loss has been reached. Also shorts are at a disadvantage because they have significantly way more risk than longs due to the potential for unlimited losses, high fees and interest that come along with borrowing stocks.
tarikawad
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ops it is going around 4 now loool
s25khali1
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and if its above that figure it would be a good time to buy! ?