Plug Power stock price forecast as short squeeze intensifies
The Plug Power stock price has rebounded in the past few months, moving from a low of $0.6867 in May to $2.65 today. It has soared in the last eight consecutive days and is hovering at its highest level since January. Most notably, it is about to form the highly bullish golden cross pattern.
Plug Power stock price technical analysis
The daily timeframe chart shows that the PLUG stock price bottomed at $0.6867 in May to a high of $2.65, up by about 300%.
On the positive side, the stock has moved above the important resistance level at $2, its highest point on June 21. Moving above that level was notable as it invalidated the double-top pattern.
The stock is about to form a golden cross pattern as the spread between the 50-day and…
