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Septimus
Mar 31, 2014 4:11 PM

Interesting relationship Long

Plug Power, Inc.NASDAQ

Description

Interesting relationship between the SMA on a 120 chart and green wedging support line. What do you suppose is going to happen when that support line hits the resistance line at $7.23? My interpretation is that the sellers are slowly being wedged out. As the wedge gets more and more narrow, the more likely we'll see a breakout in the direction of the trend (up).
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