$PLUG testing support in “Go” trend

$PLUG testing support in “Go” trend


August 2022


Alex Cole

$PLUG has seen price cool off after Go Countertrend Correction red arrow mid August.

$PLUG broke cleanly out of an ascending triangle at the end of last month and we saw a string of uninterrupted blue "Go" bars as price moved higher.  Now, as price corrects, momentum has cooled and GoNoGo Oscillator has fallen to test the zero line.  We know that if the "Go" trend is strong, GoNoGo Oscillator should find support at this level.  We will watch for a Go Trend Continuation icon (green circle) to indicate a low risk opportunity to participate in the current trend.