is the break of support a short trap?🤖watching for a clear break back above support (24.17) then I will consider a long position, once we have confirmation we can target 33.17-47.10
PLUG trade ideas
Who cut the power off? Plug Power
Short Term - We look to Sell at 18.09 (stop at 19.96)
We look to sell rallies. The 50% Fibonacci retracement is located at 18.09 from 23.49 to 12.70. Short term bias is bearish. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 12.73 and 11.23
Resistance: 18.50 / 23.30 / 31.70
Support: 12.70 / 11.00 / 7.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Bout to run off on the $PLUG $PLUG has earnings this week, Monday May 9th after the market closes. My sentiment for obvious reasons I hope.
$PLUG currently has a head and shoulders trading within a descending triangle on the daily and weekly. I kind of don't like the head and shoulders because the first shoulder doesn't touch the neckline but nonetheless There's also a small gap from 17.7 to 16.70ish on the daily. I think there's two things that are probably occurrences for $PLUG earnings.
1. Dependent on earnings report and macro market sentiment it could bounce to 24/25 area within or slightly outside of the top of the triangle.
2. Will breakdown outside the triangle on (another) missed earnings report and head towards small gap aforementioned above.
Price targets:
17.70
16.70
14
I plan to watch the price action on Monday to figure out when will be the best time to enter a trade. If we have a green day I'll wait until i feel like the peak has reached or if we're downtrending I will wait for confirmation on 5 and 15 minute time frames to confirm the trend. Obviously an earnings play so probably risking 3-5% max off my account.
PLUG - 18 is a given now
200 DMA rejection triggered the flush.
3D chart is showing a lot of pain ahead unless bulls defend 18 and cause reversal.
Downside targets 18, 13, 10
$PLUG entry PTs 26.50-27.50 Next Target PT 46.50 and higher^ Plug Power Inc (NASDAQ: PLUG) has signed an agreement with retailer Walmart Inc (NYSE: WMT) for an option to deliver up to 20 tons per day of liquid green hydrogen.
The hydrogen will power material handling lift trucks across Walmart distribution and fulfillment centers in the U.S.
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the mobility, material handling, and stationary power markets in North America and internationally. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing internet of things-based maintenance and service program for GenDrive and GenSure fuel cells, GenFuel hydrogen storage and dispensing products, and ProGen engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzer, a hydrogen generator optimized for clean hydrogen production. The company offers its products to retail distribution and manufacturing businesses through a direct product sales force, original equipment manufacturers, and dealer networks. It has a strategic partnership with Airbus SE to decarbonize air travel and airport operations with green hydrogen; and Fortescue Future Industries to manufacture electrolyzer technology in Australia. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
PLUG After the sharp downfall, there’s a series of HH. In 1 day or 4 hr time frame the price is consolidating at support zone.
If the price break above that consolidated area there is a chance to see another HH.
Plug Puts 25.5 Strike 4/22 PutDown trend on the daily and 4hr time frame and lower is a sell signal on the supertrend.
More power to this Plug. PLUGGoals 28, 31, 35. Invalidation at 17
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Cup and Handle patternPlug has developed a clearly Cup and Handle pattern. Bullish traders get ready to enter !!!
Plug key levels Plug power has a partnership with Airbus Se a company located in the Netherlands to decarbonize air travel. Clean energy will be one of the biggest investments in the next decade.#Stocks #StockPicks #Invest #finance
#changeyourmindset #changeyourlife
$PLUG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PLUG after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
PLUG - Cup and Handle Formation. Is it time for LONG??PLUG power,
It is having a slow recovery from its drop of more than 70% from ATH back in 2021.
1) From its low, it has gained more than 20% and formed a nice Cup pattern on Daily
2) 30sh levels are showing signs of resistance and with recent run-ups, pull back is imminent along with the market
3) Anything above 30 good volume would be bullish case
4) Entry, profit targets, and stop-loss are marked
Is it time to go LONG- maybe. For now, watching these levels.
NASDAQ:PLUG
Plug Power USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
PLUGFlag breakdown in progress. Increasing selling volume...big move will come if 24 gets rejected again in next few days.
First target: 18
PLUG post-earnings LevelPLUG Power NASDAQ:PLUG is setting up a post-earnings Support level. As price pulls back from the earnings rise it is making new swing highs and has setup a 50% Retracement at 22.05. This could be an opportunity for a risk defined entry for a swing trade back to the highs or to establish a long term position for investment. Credit to one of my commenters on my Weekly Livestreams for pointing this out!
Earnings watch 3/1 post-marketEarnings watch 3/1 post-market:
PLUG
AMC
SOFI
CRM
WISH
BROS
BNGO
JWN
CELH
GRWG
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
PLUG - potencial Wycoff accumulation phase C After long period of accumulation, plug price action potentially created the test (phase C).
if so, price action should go up to resistance cluster to test the supply exhaustion.
PLUG - Bearflag break to the downsideclear flag break, but could base again at 20 and start to ramp. Price favors shorts, but need to watch for the levels.
PLUG on the weeklyNASDAQ:PLUG
double bottom on the weekly with major bullish divergence
return on the EV play ?
plug i have better descripton of all of this if you check my youtube channel out. give me a like and subscribe if your not already!! id appricate it so much! look for Eric Taylor Stocks and youll find me, i also take requests.
anyways plug could be setting up but beware if this double tops here. ultimate bullish mode if we close above 23.40 the race is on, next key resiatnces 23.09 23.38 and 25.79
Key support is 22.48 and 22.67-22.74
curently bearish divergents on 1 hour if we cannot clear 23$
$PLUG let the harvest begin*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team got into $PLUG this afternoon at $24 per share. The stock now sits at $24,75 after correcting from its previous high of $75.49. $PLUG is a hydrogen energy company towering its industry. With energy concerns around the world continuing to grow, my team believes that $PLUG is in a good spot to reap some gains.
OUR ENTRY: $24
TAKE PROFIT: $33
If you want to see more, please like and follow us @SimplyShowMeTheMoney
