‘Double Down’ on This Top Trade Setup

[RagingBull Elite]( Trader, On Monday, Nate Bear will drop [his next Double Down trade.]( Double Down is his high-conviction trading service, designed for traders on a tight schedule. It’s just two trades per week, each with 100% profit potential. - [Trade 1: In on Monday, Out by Friday]( - [Trade 2: In on Wednesday, Out by Friday]( Hold times are a maximum of 48 hours. Most likely, Nate will be looking for [a trade that features his favorite TPS setup.]( Like this one he’s looking at right now... Plug Power Inc. - PLUG PLUG is a well-familiar ticker to most active traders. But if you haven’t checked in awhile, you might be surprised to find the stock in the $16-19 area— 500% off the March lows, and nearly 60% higher than just a month ago. As a company, Plug Power brands itself as a “leading provider of clean hydrogen and zero emission fuel cells”— a slogan that carries some of the hottest keywords of the past few months. As a stock, it’s been a blessing for some and a curse for many others. Love it or hate it, do keep it mind, as we believe PLUG might have a few more tricks up its sleeve. Trend - PLUG has been in a clean uptrend over the past 4 month. Every consolidation has held well and resulted in a move higher, turning prior resistance into new support. Pattern - The stock has been in a consequential consolidation-breakout pattern, which often ends up with a parabolic blowout up move. This is the setup we’d like to see confirm. Squeeze - Parabolic up moves are caused by short squeezes and the writing is on the wall here— the stock maintains a nearly 18% short interest, enough to fuel any further rip higher. We believe any further push higher can turn the stock into a fast ripper above $20 and possibly into $25 area. The best part? Options are currently pricing very, very reasonably. A 30th of October $17 CALL can be bought for 79c— less than 5% premium for a stock that just moved 90% in 10 days. For an entry we want to see an intraday base form above $17. Want to receive Nate Bear’s alert on Monday? It’s no guarantee that PLUG will be the stock that Nate ‘double’s down’ on this Monday. But one thing's for sure... He’ll be targeting 100% profits. 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