In the backlink I was watching PLUG address a critical juncture in the wave count. Over the short term I was stopped out at $1.72 but its inability to hit a lower low over the next few days convinced me to give it another try @ $1.68.
Checking back today after several days of letting it go I see that it looks to have traced out a 3rd wave. If this is correct then we'll see a HT to 4 or a zig zag correction to 4' and then likely a 5th wave bump against the upper rail. It could actually pierce that rail momentarily even with a unicorn horn before falling back into the channel. Bu once we see 5 up the odds are high that we get at least one more per the red and blue models below.
Now, if those turn into 5s instead of just 3s as shown below (always assume the worst case and you will never be disappointed by very much) then something very big is happening with PLUG. To be honest, I would be happier if Ballard (BLDP) was also breaking out at the same time but so far this has not happened. Soon, perhaps, however because it looks like 5 up and 3 back for BLDP right now.
Monday, September 21, 2015
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