PLUG 1-3 Week Horizon
Reward 40% / Risk 7%
Seem like price action has been consolidating, forming a symmetrical triangle which means it could go up or down. My bias is on a bullish move because; the sideways price action was after a bullish move. Stochastics on the daily is at an oversold level, 21ema and 61.6 support seems to be holding.
Entry at the buy zone with stop loss just below support at 57.18 (7.5%) and mid target 86.68 (40.2%).
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Reward 40% / Risk 7%
Seem like price action has been consolidating, forming a symmetrical triangle which means it could go up or down. My bias is on a bullish move because; the sideways price action was after a bullish move. Stochastics on the daily is at an oversold level, 21ema and 61.6 support seems to be holding.
Entry at the buy zone with stop loss just below support at 57.18 (7.5%) and mid target 86.68 (40.2%).
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.