$PLUG Harmonic pattern with all the hype to EV car sector $PLUG looks like it's run on repeatable harmonic patterns along with 50MA
PLUG trade ideas
PLUG Ascending TriangleAnalysis: PLUG never ceases to amaze me. Technically, I think this has more to go. It's set up nicely near the apex of an ascending triangle that has been forming for two weeks. Today's candle showed a hammer formation with buyers stepping up end of day to take back control. However, volume has been tapering lately which is a concern. Either side could step up and push this stock.
This has been flirting with the upper resistance level the entire triangle. I'm thinking a small pullback tomorrow to test the 8 EMA. If it breaks resistance at the $28.70 level, I want to see heavy volume lift it past resistance.
Strategy: I've been a PLUG holder for a while now. But I, personally, am going to pick up $30 calls with Friday expiry if this touches into the 8 EMA. There's a good amount of liquidity weighted to the call side. Whole numbers are the hot spot due to its psychological effect. Please note, I am not an advisor. This is my opinion. Leave a comment, though, and tell what me your thoughts!!!
PLUG- Closed over weekly H&S Shoulder from (2008)PLUG- Closed over weekly H&S Shoulder from (2008)
Important closed. Overhead important closes overhead.
PLUG(daily)- Falling Wedge BreakoutPLUG(daily)- Falling Wedge Breakout of a
Point & Figure off 5 bounce off 20 year support trend line & close above midline regression channel.
RSI Breakout
Simultaneous RSI Breakout on Daily and Weekly. Inverse H&S RSISimultaneous RSI Breakout on Daily and Weekly charts. Inverse Head and shoulders RSI- Weekly
Quad bottom Weekly Bars
Bias: Directionally Up. (IMHO)
Owned by ARKK Investments
(Lovely Cathie Wood- top investor, TSLA investor.)
Simultaneous RSI Breakout on Daily and Weekly. Inverse H&S RSISimultaneous RSI Breakout on Daily and Weekly charts. Inverse Head and shoulders RSI- Weekly
Quad bottom Weekly Bars
Bias: Directionally Up. (IMHO)
Owned by ARKK Investments
(Lovely Cathie Wood- top investor, TSLA investor.)
PLUG, MACD Histogram just turned positiveThis is a Bullish indicator signaling PLUG's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron's A.I. dvisor identified 44 similar cases where PLUG's MACD histogram became positive, and 35 of them led to successful outcomes. Odds of Success: 80%. Current price $32.90 is above $15.50 the highest support line found by Tickeron A.I. Throughout the month of 11/16/20 - 12/17/20, the price experienced a +22% Uptrend. During the week of 12/10/20 - 12/17/20, the stock enjoyed a +12% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 15, 2020. You may want to consider a long position or call options on PLUG as a result. Tickeron A.I. detected that in 67 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 80%.
The Moving Average Convergence Divergence (MACD) for PLUG just turned positive on December 17, 2020. Looking at past instances where PLUG's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 35 of 44 cases over the following month. The odds of a continued upward trend are 80%.
Following a +0.88% 3-day Advance, the price is estimated to grow further. Considering data from situations where PLUG advanced for three days, in 186 of 229 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 125 of 167 cases where PLUG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 75%
$PLUG - C/H$PLUG – cup and handle, bullish pennant.
3, 2, 1 blastoff…
“I’m not an expert but I have watched a lot of youtube videos.”
NASDAQ:PLUG
Plug Inc. hydrogen company uptrend for 2021. Monthly Uptrend in 2020 Covid time
Weekly
Uptrend
Daily
In Uptrend
Since it is "green company i will bid on Long
It will benefit in 2021-2023
Open 14$
SL 11$
TP1 18$
TP2 27$
PLUG looking for support at 22 and waiting for breakoutWait for breakout before entering long position.
