Week Two< LongHolding this week, I'm content for the candles to land in the rectangle if the market is still limping this week. I jumped in @ ~43 (yellow); I'm still feeling an upside here, though it may take me holding this an extra week or so than i originally wanted. My calls did bring some cash from the dip, so there was an upside.
PLUN trade ideas
WATCHING $PLUG - target 35.03WATCHING $PLUG - target 35.03
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Plug looking good.Plug survived the recent sell off fitting nicely in the trench pattern. hopefully it keeps following this trajectory until the most recent $65 valuation. i should of trusted the pattern and waited to buy in but at least its heading back to where i bought and onward. I plan on holding long and selling some puts. Wheres the next dip? i have a feeling, it will bump off $47 barring anything weird movement...
PLUG good base for investorsFundamentally, the recent key news:
In Q3 of 2021, Plug Power reported revenue of $143.9 million,which was 34% higher compared to its year-ago period.
Analysts expect the company to increase sales by 47.3% to $496 million in 2021 and by 74.5% to $866 million in 2022. This expansion might allow Plug Power to narrow the loss per share from $1.58 in 2020 to $0.25 in 2022.
On the other hand:
Plug Power ended Q3 with $4.27 billion in cash and $730 million in debt. However, the company is still reporting a negative gross margin and will require significant liquidity to offset it's high cash burn rate.
Also consider bloom energy, many investors compare them. In the end, bot stocks are a good choice of an portfolio.
Technically, PLUG is slowly leaving his current channel and seems to form a new sideways channel. But due the volume impact in that area, we could see another leg up. Currently we have to watch the behaviour of the investors (the volume) and the biggest supports to ensure the continuing trend confirms.
11/21/21 PLUGPlug Power, Inc. ( NASDAQ:PLUG )
Sector: Electronic Technology (Electronic Components)
Current Price: $44.55
Breakout price trigger: $45.35
Buy Zone (Top/Bottom Range): $42.50-$40.50
Price Target: $51.00-$52.75
Estimated Duration to Target: 26-30d
Contract of Interest: $PLUG 1/21/22 45c
Trade price as of publish date: $5.20/contract
PLUG; strong uptrendTREND
Strong uptrend as indicated higher high and higher low with two gaps: Breakaway gap and Common gap
Price action
Just breakout from the 2nd Darvas box
Volume
Bullish volume are consistently above MA while bearish volume
Indicator
Keltner Channel is used as an indicator where this indicator confirms that the uptrend is strong.
This is indicated by how the candles are consistently above the EMA 20 (the median of the channel) and on the upper part of the channel.
Risk management
Cutloss 43.44
Long | PLUG | week end 11/06/2021NASDAQ:PLUG
Possible Scenario: LONG
Evidence: Price Action
Entry point: buy order : 41.90$ in case of pull-back, without pull-back, 42 is buy signal
TP: 43.50$
Call options, Strike 43$, 11/05/2021 100 Contracts cost 10Kand profit in target 22K, ~200%
*This is my idea and could be wrong 100%
I would wait for the dipPlug has been bullish since it crossed $30 and right now we just need to find the right dip buy oppty. I would like to buy this around $37 or if we get $35, it would be even better. If its starts trading above 43 with high volumes, then we can consider that Wave iv was already in and we are going further to $52.
PLUG WALK ! MY INDICATOR SAYS BUY GET READY FOR A PARABOLIC RESPONSE TO DA MOON
Shares of several companies in the clean energy space, including Plug Power Inc (NASDAQ: PLUG) are trading higher as investors weigh US President Biden's speech at the COP26 climate summit, in which he addressed climate change goals. Strength could also be attributed to US infrastructure optimism, Tesla Inc (NASDAQ: TSLA) hitting an all-time high and delivery numbers from NIO (NYSE: NIO), Xpeng (NYSE: XPEV) and Li Auto (NASDAQ: LI).
Shares of several companies in the clean energy space were also trading higher last Thursday. US President Biden Thursday discussed his framework, which includes a national network of 500,000 electric vehicle charging stations.
Plug Power is an innovator of modern hydrogen and fuel cell technology. It has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable and cost-effective way.
Plug Power has a 52-week high of $75.49 and a 52-week low of $13.69.
PLUG: Ascending Triangle (46%)PLUG could be into a turn to the bull trend after a long down/sideways descente.
Ascending Triangle, confirmed.
Indictors are OK, but I do not like that the 50MA is below the 200MA. It implies that the long term trend is still on a descent.
Still, Price target = 51.31$
Stay humble, have fun, make money!
PLUG Long term swingAs you can see PLUG has been trading from 24-29 for quite a while ,
and price has finally broken to the upside , so what we expect from the price right now is ,
a retest back to the $34 or $29 before taking our long position,
if price happen to breakout the resistance above , we can wait until price to retest to the previous support ,
then we can take our entry for our long term swing ,
let me know what do you think about my analysis right here ,
please give it a like or comment if you like this idea .
PLUGIf we close above 37.32 we should see more upside before the next pullback
long PLUG, swing trading options this week though. my cost is .11 for $28 10/29 exp currently up 462% , have not reached my target yet Ill take profits between .72-.92 if we can get there.
Plugged in to the charts
Not financial advice trading has considerable risks, do your own research
PLUG breaking resistance!💯PLUG finally breaking out after being stuck in a consolidation faze for 6 months 🧐
We will usually see big moves up or down after consolidation like this, in plugs case we are seeing a big resistance break. The EV sectors hot too, im not selling my shares!
price targets are 42.24/51.78/61.32