Gloomy prospects for Plug Power: Financial expert warns of further losses

Gloomy prospects for Plug Power: Financial expert warns of further losses

The article reports on the crash of Plug Power shares and the possible impact on the market. Selling pressure is increasing and chart technology suggests further losses. The mood on the US market is also deteriorating. The price of the paper is at $4.04 and has tested the most important support at $4. Experts believe further losses are on the horizon.

An analysis of the facts shows that Plug Power shares are in a downward trend and have fallen below psychologically important levels. Negative liquidity problems and interest rate fears are weighing on the company. The prospect of future losses has led to a depressed mood in the hydrogen sector. A plunge in the stock towards the 52-week low is considered likely if the price fails to sustain the $4 mark. This is particularly expected given the current chart trend.

According to a report by www.ntg24.de, investors had to cope with 3.8 percent discounts yesterday, Wednesday. Everything indicates that the downward trend on the chart will continue. At the moment the only option is to stay on the sidelines.