PLUN trade ideas
Plug Power $PLUG - investment idea 💡 Beautiful discount 👌
This idea is based on my technical analysis only.
Do your research and trade on your own risk!
Ageless Stock: Green Energy is the new future of worldBiden said that 'we will invest green energy'.
green energy is the new future of the world. inevitable.
so in next years, similar stocks will explode upward.
important note: It is not investment advice.
goodbye PLUGFib retracements see PLUG going back down to 30. Especially with market sentiment and the hammer doji at the top. Hammer down possibly
looking for a small dipi sold my shares way too early smh. looking for a dip buy around 29-30, id put mental sl and 26-27 and target 35 after entering. goodluck to longs here :) pt 100 in 2021?
Profit_Taking_4_PLUGPLUG and FCEL making waves but the ebb and flow of the market needs to look at Fundamentals and pick winners and losers...STILL, an impressive YTD return for both stocks in the fuel cell sector and may need to correlate with other stocks in the sector.
$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 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%
