Aug. 21 at 7:20 AM
$PLUG $PLUG is showing impressive resilience in a very weak market environment. The Nasdaq has been under heavy pressure, while major names such as
$TSLA,
$AMZN and
$GOOGL have also sold off sharply, and even
$NVDA has been hit by the broader risk-off move. Yesterday alone, the Nasdaq fell around 1%, while rising Treasury yields and concerns about inflation pressured growth stocks across the board.
Against that backdrop, Plug being down roughly 6% for the week does not look nearly as bad as the headline suggests.
$PLUG is normally far more volatile than the index, yet it has repeatedly attracted buyers near the lows and recovered from deeper intraday losses. If the broader market stabilizes, this relative resilience could become very important. High-beta stocks often move disproportionately once risk appetite returns. For me,
$PLUG continues to look stronger than many would expect in this environment. Bullish. 🚀
