Thursday, June 22, 2006 5:54:46 PM
PLUG Chart Explained.
I think we've seen a bottom here. It had to fill the gap left behind on June 8th. But notice the divergences. The double bottom forming. The higher macd on this bottom then the last. The higher macd on this dip then the one 2 weeks ago. The candlesticks confirmations. The support level. The RSI still oversold so lots of room to move up. Stochs not even close to overbought. Not to mention 13% of this stock is shorted so once those shorts cover, dam this thing will move.
I think we've seen a bottom here. It had to fill the gap left behind on June 8th. But notice the divergences. The double bottom forming. The higher macd on this bottom then the last. The higher macd on this dip then the one 2 weeks ago. The candlesticks confirmations. The support level. The RSI still oversold so lots of room to move up. Stochs not even close to overbought. Not to mention 13% of this stock is shorted so once those shorts cover, dam this thing will move.
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