Tuesday, February 28, 2017

This should be interesting [PLUG]

In the backlink I correctly modeled nearly the exact bottom for Plugpower.  So what is likely next according to my model?  Well to be sure, nobody knows for certain what will happen next.  Nobody.  Not the CEO, not the institutional investors, nobody.  Not with certainty.  But the Elliott wave principle tells me that the odds favor a strong move up from here to at least the $1.40-$1.60 level and it could be much higher.

Whatever happens should be interesting to watch but this model is busted if we get a lower low than what I have marked as black 2.  And if you own something without some kind of logical model to guide you then you are really gambling blind as a bat.

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