A retest
2. A strong enough move that a retest isn't possible
3. A fakeout is a signal to get out/ in quickly in the opposite direction. Once a break happens, look to the market internals below for confirmation of a trend continuation.
For further confirmation of a trend day, watch for:
ADD pinned near +\-2000
VOLD ratio over +/- 3
TICK cumulating past 0 wicking to +/-900
Regional Banks -had a terrific rally yesterday where all the support a and res level talked about came into play. Looking for pullback trades to PD support levels in the same names today.
Support Resistance Inflection
NASDAQ:PACW 8.8 9.7, 10 8.8
with 8 megawatts of hydrogen fuel cells to supply clean energy to the city of Calistoga, California, for use during wildfires and other emergencies. Plug Power shares rose 6%. Although this news is not particularly compelling, is this gets PLUG out of a tight bottom range with tons of room to run and was a huge runner yesterday in a downward market. If a base can confirm above 9.5, looking for longs.
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