Plug Power - updatePlug Power - update - support at 37,30 was there - there is a chance now that we could create a bullish flag n we reach the hights of January again
PLUG trade ideas
Bullish hammer with a $10 upswingI'm cautiously optimistic that this has hit its bottom after closing a 42 to 37 gap. I bought in at 40.
The day ended with a bullish hammer, looking for the next couple of days to reveal if this will have a break out.
Crowded TradeEveryone and there mailman has bought in to this one. Looking to go long at around $26.
Markets were tanking, so I went shopping!Given how bad the market was this morning I decided to go shopping :-) - luckily half of my portfolio was in cash after hitting a bunch of stops over the past week or two.
I was able to buy back in after this bounced off of the ~37 mark with the gap between 37 - 43 having been filled. I made my entry at ~40.
I'd like to keep this in my portfolio for a long term investment and it looks like this was my 2nd chance to do that.
Watching PLUGI like PLUG and I'd like to buy back into it, but I think it's a good time to watch and wait. From what I can see there isn't much support between where it is now and a much lower $35 price.
It could reverse and come back up, but there's nothing supporting either case right now.
I'm interested to hear other opinions.
Long | PLUG | Swing Trade
Possible Scenario: LONG
Evidence: Price Action,
TP1 ~70$
* 33% Profit, best buy opportunity
*Based on market condition maybe it fills the gap and then hit the target, it's much stronger if it fills the gap first.
This is my idea and could be wrong 100%
Call options 70$, March 19
Plug pop? Or a resumption down?Last time Plug popped at this level was 36% Or will this be confirmation of resistance and head down to a much lower area of consolidation. I'm not in this trade but watching for a possible re-entry.
PLUG no support until 37.70, 100% Fib RetraceI'm pro hydrogen, and Plug has some great deals for sales and should go UP!
But, the charts say otherwise at least for now. Watching for 37.70 reentry.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
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Pennant Pattern with a large potential upside ~$110I love the pennant pattern and if this is true to the rule of thumb then there's ~$40 of upside to this. Rule of thumb says to tack on the increase that created the pole for the pennant to the price when exiting the pennant. That put's it at $110/share.
See the definition at investopedia.com just search for "Pennant"
BUY PLUG 2.16.2021Possible Dip buy opportunity on PLUG if it can bounce off of the 1.272 level area.
Not Over YetThe next week will be very telling in where is stock is headed for the short term. Long term, the potential for this company is still very promising.
Time to pull the PLUGReward/Risk: 2/1
Entry: 59.08 or at a higher price
Stop: 66.00
Target: 43.00
Options Play: March 19 55/50 Put Vertical
PLUG - Drifting to the MA (50)The chart looks great. In fact I bought some just looking at it because it's gorgeous. Of course, then I looked at RSI & MACD to see what they have to say. Unfortunately, strong divergence. Very possible we'll see this stock break down below this pennant in the next few days. If it does that, we could see prices on or about the 50 day moving average. The one optimistic detail is the declining seller volume. which leads me to the title of this post -- it could just very well float sideways in this pattern for a little while longer until either the MA (50) meets up with it (March) or it breaks out. If that's the case, awesome, it'll give those indicators a chance to align with price action and we'll eventually see this one pop. Adding this one to my watchlist until one of the above happens.
$PLUG HUMP, LUMP, DUMP pattern Some see a bullish pendant, but I see a "HUMP, LUMP, DUMP"
$56 PT if confirmed break down
On the opposite side, could be a long entry if daily candle closes above pendant
$PLUG, 15 minute bat bounce spot IN from 62's if you followed first plan, $PLUG likes harmonics , lets see
PLUG over 70.00Beautiful wedge forming here, my guess is that it takes a day or two for price to close right around this level, and then a big break over. Of course this could bust through with conviction on high volume in one day, but more likely that it takes a day or two to set up. Can use the opportunity to position with long dated calls or shares, I think there’s a high likelihood this breaks to the upside. The wedge is a reliable pattern given then strong run up, and EVs are a hot sector likely to continue rapid growth.
PLUG 1 hour BULL CHANNEL PLAYPlug is hitting the bottom of a channel right now.
It will bounce off bottom hourly red channel that and hit Target 1🎯in 2-3 days by lets say... 3/18/21
Then, I hope it sees more volume and hits Target 2🎯, the top of the channel.
RSI (not pictured) is looking low to support bull move.
Counterpoint to myself
-Volume currently is meh.
take the money and run!I don't like trading a company that relies heavily only on the Democrats. Before I joined Tradingview, I bought its common shares in September betting that my great #45 had no chance for another 4 years. I then sold my PLUG shares before Christmas.
