Falling Wedge & Improved Outlook for $PLUG

PLUG is a company I've had my eye on for some time. Their share price has plummeted over the last few years as a result of poor earnings reports & over-ambitious revenue expectations that fell embarrassingly short.

However, over the past few months they appear to have improved revenue expectations and added some great clients, including:

• TGT & HD - seekingalpha.com/art...target-and-breakeven
  
• WMT - seekingalpha.com/art...ug-power-and-so-do-i
  
• PG - news.pg.com/press-re...d-forklifts-3-plants
  
• Full List - www.plugpower.com/cu...whos-using-gendrive/ & www.plugpower.com/cu...r/whos-using-relion/
  

Currently I'm long from $2.52, $1.60 & $1.72 and plan to hold these positions very long-term.

评论:

After bounce of the descending upper TL, $PLUG has almost touched $3.00 & slightly retraced in anticipation of Mondays earnings report.