$PLUG struggling to hold support

$PLUG struggling to hold support

7

September 2022

By

Alex Cole

$PLUG sees some weakness in “Go” trend.

After failing at resistance around $31, $PLUG has fallen away sharply to the neckline of what looks a lot like a double top. We will watch closely to see if support is found at this level.  GoNoGo Oscillator has already broken below the zero line out of a GoNoGo Squeeze which is not a good sign that price will find support.  We could drop down in time frame if we so wished to look for an opportunity to trade any upcoming down move.