The recent price action on PLUG Power is a great example of how the volume point of control along with volume can help to validate a breakaway trade. On this occasion, it resulted in a nice waterfall lower. We now have a nice reversal on the chart with upside levels clearly marked by the Camarilla indicator as Plug attempts to regain the vpoc.
By Anna Coulling
Disclaimer: This analysis is for educational purposes only. It is not a buy or sell recommendation.
Charts courtesy of Ninjatrader