Plug Power has been in a daily uptrend that has been characterized by highs occurring above the upper daily cycle band and lower forming above the lower daily cycle band.
Plug Power has been finding support along the rising 50 day MA since emerging from its March low. And it has done so again.
After peaking in early October, Plug Power trended lower until it printed its lowest point on Friday, closing below the lower daily cycle and and 50 day MA which ends the daily uptrend and begins a daily downtrend.
However Plug Power formed a swing low on Monday to close convincingly above both the 50 day MA and the declining 10 day MA. Long positions can be entered using Friday’s low as the stop. Then a close back above the upper daily cycle band will renew the daily uptrend.
Cycle Trading 
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