PLUG Setting UpPLUG is showing some relative strength today and seems to be putting in a bottom at previous resistance. Good look and easy to manage risk - but just watching for now
PLUG trade ideas
$PLUG Power Breakout Trade setup
Potential entry on breakout from downtrend above $14.80
Target zone $16.16
PLUG ConsolidationPLUG has been in a consolidation pattern for the last week. Watch for a breakout out of the wedge to previous structure. Renewable energy stocks have been on a tear pricing in a Biden presidential win and new green energy policies. If Trump wins re-election, PLUG and other renewable energy company's outlook will be bearish.
For anyone afraid to get inMoving average indicators, volume and MACD looks good so far.
Looks to me like right now is a good time to buy, with a little caution of course. If this goes red then might need to revisit.
Price Target EOY is $20
Price Target NOV 2021 $50 if this picks up wind with clean energy demand.
Nice Swing TradeGreat Company, sustantial upside potential..good projected growth, growing sector.
Enter trade above 15.56. Take profit, 2, 3.
Enjoy!
PLUG 10/29Gap has been filled in the $14 area, We can see a strong push towards ATH moving towards earnings.
Daily downtrend back to long trend support line around $13.50Lots of insider selling, probably needs more dilution for R&D and growth. Short-term very bearish, long term bullish.
$Plug maybe be on a short trend to 12-13Considering the market, fundamentals and technicals I have reason to believe plug is on a downward trend until a bottom is found.
Plug October 23clear indication price action is telling us everything we need to know.
pushed of the 15.91 after failing to making higher high's we went sideway's
tomorrow we can see a push to the 16.80 level
target 17.52
Daily Wisdom 52 - IDK and IDCPeople's opinions seldom lead to profitability. Or sanity for that matter.
PLUG Short... Down to $14My fake break out was right and it is going to continue the downward trend. Especially after fundamentals and technicals. There is no reason to think otherwise. Only people pushing PLUG are pumpers. However, Plug is a great market to invest in mid 2021 LONG TERM (3 + years) not 2020.. I have reason to believe the prices will continue to decline.
Plug 10/16 potential play outDouble top pullback
open a long at 16.57
potential take profit at 18.30
PLUG needs to hold trend line or falls back to SMA 50NASDAQ:PLUG trying to breakout here. Under the trend line and we go back down to SMA 50.
Need more volume to go higher.
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$PLUG PLUG Power Fake Breakout Plugf is going down to 14 by eow?Seems to be a fake breakout. PLug is definitely going to 14.5 -+10% How fast? Who Knows?
