PLUG Power, INC. Breakout potential, overlooked company.
Updated
Lets keep it simple. With my non legal advice!
PLUG, recent partnership with Amazon would just be the start, as they have huge deals already with many other big names.
In the new era of investing, we seem to be leading towards the energy sector. PLUG has been creating cell power. This is extremely efficient then current battery options, especially for retailers such as Amazon, who plan to use this alternative source to power their forklifts for faster production and less downtime on the lifts (yes its actually a problem).
Among the many other uses for cell power, lets get to the point.
We have our wedge reaching its point of decision time. Breaking out seems inevitable, but maybe one more small pullback to the bottom of the wedge towards the 618 @ 1.75 area. A small selloff before earnings 8/8/2018 seems realistic before the breakout.
On the WEEKLY, with huge buy signals before march, to follow the WEEKLY squeeze for the last month.
We have the first DAILY positive momentum change since the beginning of June, approaching the end of the wedge.
The Ichimoku has been getting poked, and on smaller time frames like the 4 hour seems to be leaning towards bullish.
I labeled my buy zone in green, and for short term profits into the new year, sell targets around the 2.65 area. This may very well break out much further, but i like to take profits.
If wedge fails, ill look for support closer to 1$, but we can get to that if it happens.
Happy Trading, debating, and speculating. I want everyone to win!
PLUG, recent partnership with Amazon would just be the start, as they have huge deals already with many other big names.
In the new era of investing, we seem to be leading towards the energy sector. PLUG has been creating cell power. This is extremely efficient then current battery options, especially for retailers such as Amazon, who plan to use this alternative source to power their forklifts for faster production and less downtime on the lifts (yes its actually a problem).
Among the many other uses for cell power, lets get to the point.
We have our wedge reaching its point of decision time. Breaking out seems inevitable, but maybe one more small pullback to the bottom of the wedge towards the 618 @ 1.75 area. A small selloff before earnings 8/8/2018 seems realistic before the breakout.
On the WEEKLY, with huge buy signals before march, to follow the WEEKLY squeeze for the last month.
We have the first DAILY positive momentum change since the beginning of June, approaching the end of the wedge.
The Ichimoku has been getting poked, and on smaller time frames like the 4 hour seems to be leaning towards bullish.
I labeled my buy zone in green, and for short term profits into the new year, sell targets around the 2.65 area. This may very well break out much further, but i like to take profits.
If wedge fails, ill look for support closer to 1$, but we can get to that if it happens.
Happy Trading, debating, and speculating. I want everyone to win!
Trade active
Trade has filled my order right at the top of the green line. Still looking for a small pullback into the 1.85 area to fill my second order before potential breakout.Trade active
Had my first buy order at the top of the line @ 1.93, and barley wicked it.
Im going to say its safe to say that was lucky for me to get that 5% extra, and I sold at 2.03 before close to take profits. I still believe in a slight dip and my chart, so why not?
I am on the 30 min with this chart, as were closing in on the end of this wedge.
You can see the momentum peaking out, with the sell signals going off for the last 2 days. We have also hit the top of the wedge, which will either lead to a breakout, or to my target range before a bounce.
Ill be looking for a nice selloff tomorrow or the next day for my buy in.
Note
It looks like my first chart doesn't show my buy zone filling on the WEEKLY chart, you have to zoom in to the 30 minute or less to see that my green box was actually there already for the wick. Clarifying for anyone in question about that.
Trade active
Yesterdays buy and sell were bottom and top perfect. Also the pullback I was looking for up there headed down today in the target zone once again. I've added a sell and buy zone in between my longer sell zone as well.
Breaking past the 618 will be super dangerous, as we could see the 786 worst case.
Note
Wanted to post "if wedge fails past the 618 zones to the 786".Long term I have faith in PLUG at these lower prices, but im playing bounces as I can.
Trade active
Important note is the 4 hour fired SHORT. How low will it go? Still looking at my buy zones labeled!Trade active
We have another perfect dip through the buy zone back to top of wedge. looking for pullbackTrade active
Now I know what it looks like, a breakout on the wedge. Dont get ahead of yourself just yet. This will be a failed breakout. still looking for more buying in my zones!HAVE FAITH! I mean technical analysis!
Trade active
adding a wedge to the top, had a sell off there, looking for pull back if not in position, or sell off at sell zone. have a few sell signals and momentum change but nothing too strong.Trade active
looking for a small pullback into buy zone, we have sell signals, bearish momentum.If it fails here or under the 1.82 area I may be stopped out.
Trade active
looks like it pulled back perfectly, only 1 cent off of the top of my buy zone, but not many buy signals or momentum change, but the ichi cloud is turning positive slightly. 
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