PLUG eyes on $ 22.25: Break to mark Bottom? or Reject to Doom?

30 wrz 2024

PLUG has bounced into a very important price zone.
Confluence zone of long term fib along with local fib.
Break-n-Retest to mark Bottom, or Reject to new lows.

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22 paź 2024

Zlecenie aktywne

BREAK OUT ?

Poking nostrils above water line.

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Zoom in (m5)

Nice bounces off sister fibs (red 8.471 and 6.853).
Subsequent fib bounces like that are a great sign.
We just might have a successful Break-n-Retest.

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Watching closely now, this could fly or flop here.

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5 lis 2024

Zlecenie aktywne

This the one?

The breakout? Pretty strong surge today.

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Zoom in (m5) with some notes:

Blew through our well-proven resistance.
Currently hung up on a fib of down wave.

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Adding a fib to our bounce this far:

Early stages but green-stripe fib might fib.
So we watch the 2.618 at $2.57 then the 4.236.
Green 4.236 reinforced by red 2.618 at $2.93/95

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