PLUG trade ideas
Plug Power - PLUG - Potential 50% gain?Plug Power - PLUG - Potential 50% gain if support holds and trend line broken? Is it time for a rise in price?
PLUG earnings 4th Quarter 2020, 2/25/2021 announcementPlug Power Reports $337 million in Gross Billings for
2020, Up 42.5% Year over Year
Announced Multiple Partnerships and Executed Strategic Acquisitions,
Establishing Global Platform as a Green Hydrogen Solutions Company
Well Positioned to Leverage Industry Leadership and Capture Meaningful
Share of in the $10T Hydrogen Economy
● 2020 marked a record year in gross billings, with Q4 gross billings of $96.3 million and
$337 million for the full year reflecting the Company’s strong value proposition in the
growing hydrogen industry
● As previously announced, reported revenue and results were negatively impacted by
certain costs of $456 million recorded in the fourth quarter, the majority being non-cash
charges related to the accelerated vesting of a customer’s remaining warrants. Given
the expenses for this customer program have been fully expensed, the Company’s goforward reported results should be easier to understand. This resulted in reported
revenue of negative $316 million for the quarter and negative $100 million for the full
year.
● Plan to make continued investment during 2021 to deliver on substantial growth
opportunity in the green hydrogen economy on a global basis
● Strong balance sheet with now over $5 billion in cash to execute on its global growth
strategy and objectives
● On track to deliver on recently raised 2021 and 2024 financial targets
● Added a fourth pedestal customer and selected site for gigafactory to drive scale
● Executed strategic acquisitions of United Hydrogen and Giner ELX positioning Plug
Power as a fully vertically green hydrogen generation company
● Announced global joint ventures and strategic partnerships with Renault, SK Group and
ACCIONA
(source: PLUG quarterly shareholder letter)
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. 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, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
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
www.tradingview.com
Plug Power - two possivle routs for Q1Plug Power - two possivle routs for Q1 - depends if it can break out on top or will make a second round to stay in the bullish flag.
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
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
