Analysis Update – 3/20/14
1) PLUG – *UPDATE* Same price action as yesterday. Waiting for confirmation of a breakout to upside or downside. Keep this on your watch list!
2) FLWS – *UPDATE* Yesterday, the price action broke out of the channel. Today, it fell back into the channel. Does this mean its bearish and will fall back down to the bottom blue support line? Well, today, it broke back down into the channel BUT it did it on very light volume. This indicates that today’s action was very light and it can be an accumulation process before the price breaks out towards the next resistance at $6.99. The MACD is still crossed above the line. I would still be bullish on this stock but will be on the sidelines until it confirms a strong buy. What to look for? A nice big volume candle. Keep this on your watch list!
To View The Charts For PLUG and FLWS , Click Here
Don’t forget to follow and subscribe for free daily analysis on stocks, options, and forex.
Feel free to e-mail me your stocks for a free analysis – CortesCapitalMarkets@gmail.com
-Partnered since 2013