InvestorsHub Logo

Good Timer

11/10/20 9:48 AM

#41924 RE: audioguy #41923

No problem. You were probably just jumping the gun a bit.

Although everything looks rosy for PLUG right now, it is important to realize we are reaching over bought territory again already, as evidenced by the RSI in the chart, and it wouldn't be surprising to see a pull back soon. This has proven to be a valid indicator for PLUG in the past.

https://www.stockcharts.com/h-sc/ui?s=PLUG&p=D&b=5&g=0&id=p06818131909

I expect it will be a tug of war between the RSI and the analyst upgrades for the rest of the week. If we show a sizeable jump intraday, I intend to lighten my position by about 20%.