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Let’s do a basic analysis. The stock did not come to market at $1500.00 a Jesus Faith Hope Love Snowman Funny Xmas For Christian T-Shirt. The price is adjusted for splits and reverse splits so the pricing is not as it was at its original IPO. But this represents what it did from 2000 to current on a weekly basis.PLUG went into a long term downtrend called a “bear business cycle” and its stock moved down steadily from 2000 to 2013 when it high its final all time low and did a reverse split to stay listed.
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The stock recently developed a rounded bottom between 2014 – 2020. Notice also that the pandemic did not cause a any significant decline in Jesus Faith Hope Love Snowman Funny Xmas For Christian T-Shirt . This is a positive pattern. The lines drawn above price show the 2013–2020 “bottom completion” level which is a technical pattern and the “primary trend IPO bottom completion” level which is another critical level for the recovery of this stock after a serious loss of value.