On September 19, Plug Power (PLUG) traded more than two times the 21-day moving average for the second day in a row.
The signals
- Price
- Open
- Gap-up
- Close
- Above 9-day SMA
- Above 21-day SMA
- Above 50-day SMA
- Above 200-day SMA
- Open
- Candle type
- Bullish hammer
- Moving average
- 9-day MSA
- Rising above 21-day SMA, 50-day SMA, and 200-day SMA for the second day
- 21-day SMA
- Even with 200-day SMA
- 50-day SMA
- Rising above 200-day SMA
- 200-day SMA
- MA remains steady at 1.59
- 9-day MSA
- Volume
- 2nd day with at least two times the volume’s rising moving average
Decision
With the results of this week’s FOMC meeting, the odds are in favor of at least one more interest rate cut. If not this year, then next year. Market chatter suggest that any time there is an interest rate cut, small businesses will benefit from it.
- Start small
- Placed an buy-stop-limit order for 1 share
- Buy-stop price
- 2.30 ( High of the day )
- Buy-limit price
- 2.32
- Brackets
- Stop-loss
- 2.70
- Take-profit
- 3.21
- Stop-loss
- Buy-stop price
- Placed an buy-stop-limit order for 1 share
- Wait for entry and adjust for dynamic stop-loss