$PLUG ready to break out

$PLUG ready to break out


February 2023


Alex Cole

$PLUG has emerged from a "NoGo" trend that kept prices moving down for several months.

Early this year, we saw GoNoGo Oscillator break above the zero line on heavy volume and this was followed by GoNoGo Trend painting a string of amber "Go Fish" bars as price climbed off the lows.  A "Go" trend was identified and has since moved mostly sideways as it struggles with resistance.  GoNoGoOscillator has fallen to test the zero line where it has found support.  This suggests that momentum is coming back in the direction of the "Go" trend.  We will look to see if this gives price the push it needs to break above resistance and set a new high.