[isatrader]

PLUG - a previously successful trade for me from earlier in the year looks to be making a potential weekly pullback entry point. Since it went parabolic in February/March it's pulled back 69%, and has spent the last month or so consolidating on lower volume around the still rising 30 week MA.

Yesterday it broke out of that small base on 2.4x the average daily volume and closed the day back above the 50 day MA. If you zoom down on the time frames to the 2 hour chart (attached) you'll see it's made a Stage 2A breakout on the 2 hour chart with A+ potential as the volume increased significantly on the breakout at more than 7x the 2 hour average volume and increased into the close.

           

Finally, I've also attached the monthly chart that shows that the volume has contracted through the pullback phase, and that it's still trading above it's rising 10 & 30 month MAs.