Aug. 20 at 2:07 PM
$PLUG Selling
$PLUG right now would be absolute nonsense in my view. The stock continues to show strong relative strength despite weakness in the broader market, and the recent uptrend remains intact. Bigger players such as
$MSFT,
$AMZN,
$WMT and
$HD have already demonstrated the growing relevance of hydrogen solutions across data centers, logistics and industrial operations. At the same time,
$PLUG keeps absorbing selling pressure while buyers defend key levels. That is exactly the kind of setup that can precede a stronger breakout. If market sentiment improves and the next resistance levels are cleared, a real momentum move could develop quickly. For me, this is not the phase to sell into weakness — it is the phase where patience could be rewarded.
