PLUG potential reversal Two possible reversal zone to upside
1. $7.42 simple ABC target
2. Fib Retracement level of 0.618 ($6.37) and also previous peak (Feb 19, 2020) could offer support.
PLUG trade ideas
$PLUG Plug Power - Downtrend Breakout on 2x Avg Volume$PLUG Plug Power - Downtrend Breakout on 2x Avg Volume
A pull-back and retest of the downtrend line as support is possible later this week. A successful retest would be the ideal entry point.
Target: $13.00 possible by Sept
*Assumes a positive ER coming later this week.
Note: Not investment advice.
PLUG 4h, Fade Retail EuphoriaI don't usually post my stock/options trades but I wanted to point this one out. I decided to short this stock with a Put Option after a college-aged kid told me how hyped he was that this stock was "going up like crazy!". He said he put all of his money into it. My immediate thought was that he probably read about it in the news, got FOMO, and was caught up in a euphoric state thinking he is going to get rich quickly. I told him to be careful and to consider taking some profit because it can go down as fast as it went up. He glitched, giving me a blank stare for a second as if that wasn't even an option in his mind, then assured me it was going to "go up a ton more". If figured if he is this hyped there are probably a million other people like him getting in at the top. After doing my research I found out the company has not even turned a profit yet and just happened to be downgraded by Barclays before the market open today. Considering all of this, and after looking at the technical level on the chart, I decided it was probably a good idea to fade the retail euphoria.
United hydrogen and plug power Plug Power recently acquired United Hydrogen Group, one of the largest privately held merchant hydrogen producers in North America. It was the first independent company to offer a full suite of capabilities in liquid hydrogen production, distribution and logistics.The company has the capability to produce 6.4 tons of hydrogen each day with plans to increase that capacity to 10 tons daily in the near future, as well as plans for further expansion. With the two companies coming together we will be able to advance the hydrogen economy faster and more efficiently-Via PlugPower
love plug for the futuregood company not enough confidence to short at the moment
waiting for long entry
price target 5.50-6.08
stop loss 4.92
PLUG bull flag breakouttargets 15$ but considering the economic situation i wouldnt wait that long to tp
$PLUG:NASDAQ - PLUG POWER - Hydrogen Fuel CellsPlug is up 190% over the last 12 months and as an alternate energy source to fossil fuels could be worth a look.
Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997 and is headquartered in Latham, NY.
Buy @ $6.08 and Sell @ Rise $7.88PLUG should fall to 6.08$ in Few days
& then rise again to $7.88
RSI is OVER bought @ 78
Trading Strategy
Buy @ 6.09
Stop Loss @ 5.14
Sell @ 7.75
DON'T Fall in LOVE with this stock. Collect your profit and move on!
PLUG-Short term correction, Long term bullish trendLast week PLUG hit a weekly resistance trend line. PLUG has been up 120% in the last month. It has a RSI of 80 on a weekly chart. In my opinion, it is due for a correction in the short term, but will remain bullish in the long term.
PLUG : MOMENTUMDAY TRADE ON PRICE ACTION AND VOLUME. POTENTIAL NEW HIGH ON THE BACK ON ACCELERATING MOMENTUM.
$PLUG Plug Power possible 40% upside
Having broke above 1.618 resistance pre market next target level is $9.60
with a extended target at $11.20
Stock is overbought but has strong momentum and sentiment in the sector
$PLUG can rise in the next daysContextual immersion trading strategy idea.
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets.
The share prose rose after the company had upgraded its revenue and profit projections.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $6,42;
stop-loss — $5,97.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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PLUG: Ascending TriangleAscending Triangle
Descending volumes.
200MA pointing North = Bullish
PPS above 50MA and 200MA
250RSI above 50 = bullish
Ascending ATR = High volatility
Retraced some today. Could be an interesting entry point.
If Confirmed (almost is):
Target 1= 6.15 $ Filled
Target 2= 6.35 $ Filled
Target 3= 6.76 $ Filled
Target 4= 7.00 $ Filled
Target 5= 7.75 $
Target 6= 8.52 $
Target 7= 8.95 $
PLUG - Pending Confirmation on 5th Wave ExtensionPLUG - Looking very bullish at the moment, seems to be in the midst of it's fifth wave. Expect a local support around the $6.10 zone with a push to the $8.29 finishing off the fifth wave.
Plug power breaks out in final C wavePlug power is breaking out today from a consolidating triangle "B" wave that has been forming for several weeks. I suspect this C wave will terminate commensurate with when the rest of the market finally tops out and rolls over, which is almost at hand
