$PLUG Target 45.38 for 50.96% $PLUG Target 45.38 for 50.96%
Or next add at 24.29
I just wanted to point out here that PLUG crossed above the downward trend line. If it holds, this would be a good place to jump in
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
PLUG trade ideas
PLUG: You must keep an eye on these Key Points!Hello traders and investors! Let’s see how PLUG is doing today!
First, despite the volatility, it is not doing anything surprising today. As we can see, in the 1h chart, PLUG is dancing around the 21 ema, between the support at $ 25.01 and the resistance at $ 28.35.
The resistance at $ 28.35 is quite important. It was a previous support level on June and July, and now it has been a resistance, following the Principle of Polarity.
Although we have a congestion in the 1h chart, in the daily chart PLUG is in a bearish momentum, as it can’t defeat the 21 ema properly. As long as it keeps between these black lines, nothing interesting will happen.
The situation is quite simple: If we lose the $ 25, then we will head to the $ 18 (if we don’t see any good reaction quickly). If we defeat the $ 28.35, it’ll be great, as we’ll defeat the 21 ema too, and the target will be the $ 36.16.
Where do you believe PLUG is heading? If you liked this analysis, follow me to keep in touch with my daily studies.
Have a good weekend.
plug power 8/5 before fridayWatch this one tomorrow, could be an expanding pattern/diagonal which usually precedes an ABC correction up, then maybe further downside. This would invalidate the 12345 and turn it into a more complex correction
I am long and bullish on this stock in general - but pure price action in the general market will probably dictate whether this goes up or down. If it breaks 28.40 we will go up
Also could be in the purple C still, which could end right at the previous low in the picture
noticed in the post-market that it definitely should hit 28$ tomorrow with an impulse
And from my previous idea, perhaps #1 was closest, tagged below
Added to $PLUG Target 45.38 for 50.96% $PLUG Target 45.38 for 50.96%
Or next add at 24.29
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—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
plug powerSo, think this shall be either an expanded or standard flat.
I'm 99% sure that's a running B wave and C could be over, which means impulsive week.
alternatively this could breakdown - as the wave 3 of wave 3 has yet to go above the resistance in the pattern and could become an ABCDE, leading swift downside during the next few days. Probably a hint towards the whole rest of the market's emotions because IDK when that will finally full blown ABC for us. (5,3,5)
plugging into $PLUG once again*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*
Recap: My team got into $PLUG 6/1/21 at $30.74 per share. The stock now sits at $29.85 after correcting from its previous high of $75.49. $PLUG is a hydrogen energy company towering its industry. My team originally entered $PLUG on 6/1/21 because of a misinformed earnings date which we all thought was taking place on 6/3/21. My team remains just as confident as before that the price action of $PLUG will benefit from this report.
After down trending more than HALF from it's all-time high stockholders should expect $PLUG to uptrend throughout the end of June and July.
My team has brought our average price per share down this morning after purchasing more shares at $29.85.
$PLUG earnings will be announced tomorrow (6/22/2021)
ORIGINAL ENTRY: $30.74
AVERAGING DOWN AT: $29.84
TAKE PROFIT: $47.00
STOP LOSS: $26.00
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Could be...An inverted H&S forming.
I originally bought options when it was around $30 on the break of a descending wedge and took the majority out when it was around $34.
This looks like a good buy again.
Could see $41 in a couple weeks.
Putting a small portion into this. If it doesn't hold this pattern, I am out.
PLUG - Bearish 🧸-While Plug Power didn't have anything to report Monday morning, Hyzon Motors, a manufacturer of hydrogen fuel cell-powered vehicles, did. That company, which plans on merging with the SPAC Decarbonization Plus Acquisition, announced that it has inked a memorandum of understanding with TotalEnergies that "strengthens the existing commercial relationship between one of the world's largest energy companies and a leading supplier of hydrogen commercial vehicles," according to a press release.
-Competition is getting on the PLUG.
-Has a great potential but with the given bearish market needs a breather.
$PLUG | Bullish Channel & Key Structure$PLUG is trading within a bullish rising channel. Price just pulled back to test the channel support as well as the key horizontal structure level at $30. If market structure holds I expect a bounce and continuation to the upside.
Initial Confirmation above $32.50
Initial Targets: $34.80 | $38
Let me know what you think in the comments. Please leave a like if you agree with my analysis! 👍🏽