The Plug Power share – a real disaster for investors who bought in the euphoria of 2020 and missed the jump. The value was at least able to rise to almost 70 USD by the beginning of 2021 – at the beginning of 2020, however, the value was only quoted at 3 USD. However, some investors would now be happy if the Plug Power share were to start a halfway recovery in order to also break the 200-day line, which runs at 3.30 USD, in order to reach the previous purchase price again. But the value has so far not formed a sustainable bottom. All recoveries have been sold. The company is not making any money and is dependent on ever new capital increases or loans. Bankruptcy does not seem to be imminent, but the outlook is bleak.
Plug Power Stock Chart
Chart situation for Plug Power shares: Soon a penny stock?
A clear warning could be issued months ago from a technical chart perspective. The value fell out of a downward trend channel as early as mid-2023 – there was a risk of the downward movement accelerating. In addition, an upward trend channel that had been running since 2013 was left downward at the end of 2023 – a price target of at least USD 1 had to be derived from this. From the current perspective, the value could also slide towards USD 0.50.
Plug Power shares: Buy or sell?! New Plug Power analysis from August 25 provides the answer:
The latest Plug Power figures speak a clear language: Urgent need for action for Plug Power shareholders. Is it worth getting in or should you sell? In the current free analysis from August 25th you will find out what to do now.
Plug Power: Buy or sell? Read more here…
