PLUG has lost 98% of its value since the beginning of 2021. Despite three corrections during this period, a trend reversal has not occurred. However, the demand seen since September 2024 indicates that the price might be in a trend reversal phase.
If this is the case, the first price target is expected to be $5. Should the upward trend continue, the second target could be $7.5.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.