Another leg up?PLUG started reversing yesterday and closed above the 50 EMA and the S1 Pivot.
If it reclaims the 20 EMA, it will run once again.
Next resistance: 31.99 (P-Pivot)
Price target: 34.46 (Last high)
Stop-loss: below 28.28 (last low)
PLUN trade ideas
PLUG made higher high.I think the attitude will turn very bullish sooner than later. The higher low may but I think this is a good one to hold on to for several months, and it could be at a launch pad right now.
My View on Plug PowerThis company is very potential. I enter when the RSI hit oversold and strong support level at 19$, take profit after 80% gain.
It would be backtest the $24 - $25 before bounce to my 1st target $48. I thought it would make a new ATH after 2 years.
This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.
$PLUG Important Price Level PLUG looking to make its next move that will be determined by the price action in the coming week, we have a very decent bullish setup with a nice trading range that gives solid risk rewards profile. As you can see we have multiple areas of support and resistance and are currently sitting on the $31 support level, a very important price to hold. More bullish sentiment is a bounce off its 200DMA that can carry this higher short and long term.
In the next few trading days we can expect one of 2 things to happen. Holding 31$ and a push towards $35 again would indicate a long term downward channel breakout attempt. ADX supports the movement and breakout as well. Second thing that could happen is market isnt ready to take this higher yet, and we see another retest of $25 range to form a double or triple bottom for a breakout in the future. Watch closely.
PLUG BreakoutI took a long on 5/26 (dotted red line was my stop) and added to that position today. Clean breakout above resistance.
Plug power renewed interest on the stockIt seems to be back a great interest by corporations on the title Plug Power.
the advisor Marketmiracle has generated an input signal at the price of 29,96 usd with a target of 56,25 for a potential profit of 87,78%.
That would be a really good goal to achieve....
So I decided to analyze the graph and what immediately jumps to the eye from the indicator Mmiracle Viewer is that it seems that a strong interest in the title by corporations has returned ( or presumed such ) While institutional investors after helping to sink the stock in recent weeks are now at the window, maybe even for them is returning the desire to return to buy.
For when the price action this is definitely interesting and based on what I see on the chart and the data of marketMiracle I would expect a move as I designed... let’s see if it really will.
Personally I will try to take positions on the stock as soon as I have of the available liquidity in order to try to take advantage of the movement that could happen.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
Animal ChartingTrading off the idea of finding animals in your chart patterns (or just use support and resistances like a normal pers-)
keep a close eye on PLUGim getting in on a few calls if PLUG remains above the first green line. SL below bottom green line. my area to take some profis is around that 39-43 area.
A trading idea on PLUG!If you believe the Nasdaq is going to hit ATH next, PLUG is one of the stocks that can outperform the index (or underperform if it drops).
Either way, it is a fact that we have a descending triangle here, the bottom is at 29.81 and it seems it is trying to break the upper line. The RSI has an advanced breakout that could work for us.
The problem is the RSI in the 4h chart, that is still a little overbought (not much, but enough to make me wonder if it can keep going up).
If PLUG loses the bottom of the triangle, then the bullish idea will be ruined, at least temporarily. But it can fil the gap at 32.13 if it triggers the pattern in the 30min chart.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
$PLUG June Analysis *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team got into $PLUG Tuesday evening at $30.75 per share. The stock now sits at $30.28 after correcting from its previous high of $75.49. $PLUG is a hydrogen energy company towering its industry. We have good reason to believe that $PLUG will beat its earnings tomorrow. After down trending more than HALF from it's all-time high stockholders should expect $PLUG to uptrend throughout June.
Earnings are expected to be announced tomorrow. 6/03/21
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Plug Earnings Showing Inverted H&S with neckline and conformation at 31.93.. last 2 trading days have been volatile but plug has held its trendline (white line) . Im thinking this pattern might just need some fundamental news for the breakout like a great earnings. I have my alert set
PLUG - 4h Chart - Longterm BuyOverview
PLUG is one of my favorite Stocks already since 2 years. While i dont really care about fundamentals, it is to mention that the German Government will put 8 trillion Euros into the field of hydrogen and as PLUG is one of the big players in that particular field - its worth to mention. Specially since the last time similiar news came out (in November 2020) PLUG started its big run.
I look at 3 points where i will buy equally many stocks. The plan is to take out my initial investment at the target area and let the rest run.
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
Please consider:
This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se
PLUG - BREAKS OR NOT?Yo!
not much to say here.. the possible outcomes you can see on the charts
Dont forget that the stochastics shows overbought!
Goodluck,
t347.
NASDAQ:PLUG
Its a buy for meBroke out of falling wedge.
RSI finding support.
Other oscillators curling up from the sell side.
Lets get this cake.
PLUG, Bearish to 27.60 or equivalent Looking on weekly chart PLUG is higher High of this week. Plug can come down to 27.60 starting monday next week.
Inverse Head and Shoulder income ? I hope we will see a inverse HS.
If this was Wave 1 and Wave 2 is for the right Shoulder then Wave 3 could go to 2.618 because otherwise Wave 3 is to Short.
Buy = 25$ - 21€
Sell = 48$ - 39€
