Weekly: MACD has Turned Positive, Broke Above 50 SMAFor the first time in 16 months, it has broken above 50 SMA. MACD turned bullish few weeks ago and is about go positive.
1PLUG trade ideas
Clean Energy Surge!Plug Power (PLUG) is building strong bullish momentum, with a gap forming around the $2.25 level. A breakout above the $2.98 weekly resistance would signal continued strength, positioning the stock to target $5.13. This trade offers a compelling risk-to-reward ratio, with downside risk managed through a stop-loss at $1.98.
As a pioneer in hydrogen fuel cell solutions, Plug Power is well-positioned to benefit from the growing shift toward clean energy and sustainable technologies. With increasing adoption of hydrogen solutions across industrial, transportation, and energy markets, the company’s innovative products and partnerships strengthen its long-term growth potential.
This combination of technical momentum and favorable market trends supports a bullish push toward $5.13, presenting a strong opportunity for both traders and investors.
NASDAQ:PLUG
Plug long after the correction (Under Valued by 30%)Tgt: 4.90 based on technicals
partial take profit: 4.52 intrinsic Value
Wallstreet Tgt: $3.1
Reason --> News: The Treasury Department issued new rules on Friday for companies trying to get tax breaks for making clean hydrogen — a fuel that could make some of the world's dirtiest industries "green."
Competitor alternative stock PSE:BLOOM , did not trade Bloom due to overvaulation
Info:
In the heart of the green energy revolution, Plug Power Inc. has carved out a niche as a pioneer and leader in hydrogen fuel cell technology. Founded in 1997, the company initially faced skepticism about hydrogen’s viability but persisted in developing robust solutions that harness the power of this abundantly available element. Plug Power's primary focus is on producing fuel cells that replace conventional batteries in equipment and vehicles powered by electricity. These fuel cells use hydrogen in an electrochemical process to create energy, where hydrogen combines with oxygen to produce electricity, with water as the only byproduct. This innovation is a game-changer in the push towards sustainable industrial applications, offering a cleaner alternative to fossil fuels without sacrificing performance.
Fuel Cell Systems
Hydrogen Infrastructure
Energy Services
Electrolyzers
Stationary Power
Fundamentals:
Long term future: Hold/Sell
Bad deal with Amazon selling products in loss
Pontential Revenue increase till 2027 and improvement
Cashflow: Negative over the next 10year so bad future coming
Gross Profit: Negative -612m
Revenue Growth: Negative
Net Income: Negtive -1.4B
Solvency: Long-term 50/50 (short term no worries)
Technicals:
Stock down 90% Big Picture
A jump after News and short-term correction
Getting recjected by VAH and Fib and almost VWAP
$PLUG 4 hr longI am liking this 4 hr channel break on $PLUG. I am going in really light because I don't typically play channels that form in a very short period of time. I am bidding 0.5% of my account at $2.60
PLUG Weekly set-up swing trade. Three rising valleys, MACD green, RSI trending upwards, and 1hr bull flag - continuation trade - easy 4:1 R/R, NFA
plugPlug Power Inc. (PLUG) appears to be nearing the end of its bearish trend, based on the principles of the Wyckoff method. Over the past three weeks, I have observed a significant increase in trading volumes, which could indicate a classic accumulation phase.
Key Levels and Targets:
Key Resistance: $2.65 – A breakout above this level, confirmed with strong volumes, would signal the completion of accumulation and the beginning of a markup phase.
First Price Target: $5.00 – This represents a significant upside potential in line with the anticipated upward momentum.
Supporting Factors:
Volume Activity: Recent weeks show increasing volumes, suggesting strong buyer interest.
Wyckoff Structure: The current price action aligns with the final stages of the accumulation phase and anticipates a possible breakout.
Traders and investors should monitor the $2.65 level closely for confirmation of this scenario. A successful breakout could open the path toward the $5.00 target in the coming sessions.
PLUG Longdaily, trendline break + retest
Long 2.4
Stop 1.5
Target 5.0
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
PLUG Powering Up For A Breakout?!Here I have NASDAQ:PLUG on the Daily Chart!
We can see that Monday, November 4th gave us a Very Bullish break to the Falling Resistance Price has been contained by forming the Wedge Pattern and with the Bullish Volume following the Break, gives this pattern a Bullish Bias after the strong decline since Jan. 2021.
The push for Greener and Cleaner way of Living and Transportation has the world in High Search for Electric Alternative means of fuel and along the pathway of Lithium and Rare Earth Metals is a new theory of Hydrogen powered Fuel Cells!
Currently Price is at $2.52, struggling with a Local Resistance Level after Price reached a new 4-Year Low @ $1.60, close to All Time Low @ .1155 visited in Jan. 2013. With the tight consolidation underneath the Falling Resistance followed with a Break candle and Close candle Above of the Falling Resistance, Confirms a Valid Break of said Falling Resistance and indicates Bullish Sentiment entering the market.
-Now, we must wait to see if Price decides to retest the Break of Falling Resistance around ( $2.25 - $2.20 ) and if Supported successfully, would generate a great Buying Opportunity!
-If Price does found Support here, I suspect Price we will run into Resistance @ ( $3.55 - $ 3.22 ) then will aim for the Fair Value Gap formed @ ( $5.58 - $5.14 )
Indicators:
- RSI Crossing 50
- Large Bullish Volume
Plug Power's Trend May Be Reversing Upward: First Target at $5NASDAQ:PLUG has lost 98% of its value since the beginning of 2021. Despite three corrections during this period, a trend reversal has not occurred.
However, the demand seen since September 2024 indicates that the price might be in a trend reversal phase.
If this is the case, the first price target is expected to be $5. Should the upward trend continue, the second target could be $7.5.
PLUG Potential Bottom Plug Power Inc. is an American company specializing in the development of hydrogen fuel cell systems and related technologies. Established in 1997 and headquartered in Latham, New York, Plug Power focuses on creating solutions for the production, storage, and distribution of green hydrogen. The company's technologies are designed to replace conventional batteries in electric-powered equipment and vehicles, particularly in logistics and transportation industries.
Additionally, it is building an ecosystem for green hydrogen production and distribution to support industries such as e-mobility and renewable energy.
The company has gained attention as a leader in the transition to clean energy, with strategic partnerships and expansions in global markets as part of its growth strategy.
Looking through the technicals, I have split up the chart in ranges to give me an idea where major volume steps in to move the stock.At the moment, we can notice that we are bouncing from the previous range POC, which is the largest amount of volume traded in the stock at approx $1.96.
We can also see the volume at the bottom of my chart starting to curl to the upside, which may indicate that the bottom is either reached or close to being reached.
I like the idea of holding the POC as a reversal point, and potentially rotate back to the highs at $65. Albiet, it could be quite a while before that point is reached, so I will take a set it and forget it approach for this trade with small capital and small risk.
There are several other reasons why Plug Power (PLUG) has potential for growth, based on its business model, industry trends, and market position:
1. Expanding Green Hydrogen Market
The global shift toward renewable energy and decarbonization positions Plug Power favorably as a leader in green hydrogen technology.
Hydrogen is increasingly recognized as a key component of the clean energy mix, especially for hard-to-decarbonize sectors like heavy industry, aviation, and shipping.
2. Strategic Partnerships
Plug Power has established partnerships with major companies such as Amazon, Walmart, and Airbus, which could help drive revenue growth and expand its market presence.
Collaborations with international energy firms bolster its global hydrogen infrastructure footprint.
3. Growing Demand for Fuel Cell Technology
Plug Power’s hydrogen fuel cells offer advantages like faster refueling times and longer operational durations compared to traditional batteries, making them attractive in logistics and transportation.
The company is well-positioned to benefit from increased adoption of hydrogen fuel cells in sectors like material handling (e.g., forklifts) and commercial vehicles.
4. Government Support for Clean Energy
Policies and incentives in the U.S. (e.g., the Inflation Reduction Act) and other countries support green hydrogen production, making Plug Power eligible for tax credits and funding.
The EU and other regions are investing heavily in hydrogen to meet climate goals, creating a favorable policy environment.
5. Vertical Integration
Plug Power is not only producing hydrogen fuel cells but also building an integrated hydrogen ecosystem, including production, storage, and distribution infrastructure.
This end-to-end approach allows the company to capture value across the hydrogen supply chain and ensures long-term competitive advantages.
6. Recent Financial Commitments and Growth Plans
Plug Power has invested heavily in scaling up its hydrogen production capacity, targeting 500 tons per day of green hydrogen by 2025. This could significantly boost revenues.
The company projects aggressive revenue growth over the next few years, aiming to expand its presence in emerging markets.
7. Global Expansion
Plug Power is pursuing international expansion in Europe and Asia, both of which are prioritizing hydrogen adoption as part of their energy transitions.
Risks to Consider:
While the growth potential is strong, risks like execution challenges, high capital expenditures, competition, and the volatility of hydrogen adoption rates should be monitored.
In summary, Plug Power’s potential lies in its leadership position in the growing hydrogen economy, coupled with supportive global trends and strategic investments. If it executes well on its growth strategies, the company could see significant upside.
At Multi-Year Support. In The Process Of Bottoming.As you can see, it is at multi-year support and is in the process of bottoming. No fundamental news yet (except for JP Morgan's top sustainable pick) in the recent times. However, purely based on technicals, it apparently poised for an upside.
Plug Power NASDAQ is in Reversal PatternPlug Power is showing a rectangle price action on bottom and the 1D chart also showing divergence on RSI that shows it will be Bullish when price will give break out of rectangle box and retest it then the buy entry will be good
Taking trade in Plug based on technical and value signalsTechnical- seeing buying sign in volume and crossing significant moving averages.
Deep Value- current below tangible book value, meaning there are more hard assets and cash on the books than the stock price reflects.
Earnings power- stock loses money for a handful of year before it breaks even, but on a 10 year view it become profitable, giving an exit if stock doesnt rise in short term.
Typically on tangible book value plays, id look for a 2x with small odds of more.
Ideally I will sell half at 2x and keep the remainder 1/2 for free for long term.
PLUG Plug Power Inc. develops hydrogen fuel cell systems aimed at replacing conventional batteries in electric vehicles and equipment .The company focuses on clean energy solutions, particularly hydrogen technology, which reduces carbon emissions. They serve industries like material handling and stationary power, helping drive the transition to more sustainable energy sources.
PLUG eyes on $ 22.25: Break to mark Bottom? or Reject to Doom?PLUG has bounced into a very important price zone.
Confluence zone of long term fib along with local fib.
Break-n-Retest to mark Bottom, or Reject to new lows.
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PLUG charging up?PLUG may have the opportunity to cycle back to the top in the channel that it is in, please view SRSI and RSI readings and MACD, please keep an eye on price action.
PLUG LongGreat price action after breaking support.
Earnings coming up so need to be cautious with this one as it'll be a coinflip.
PLUG - +60% upside with 1:4 RRPlug set-up perfectly and beaten down for a swing trade to $3.80 for +60%.
I am expecting this to break out any time now.
The momentum is lacking and price is heavily squeezed.
Analyst ratings are still very good.
PLUG LONG PLUG is at the perfect area for entry for long! giving us the GOLDEN ENTRY AREA!
We are about to breakout of spring in Wyckoff accumulation and re-enter the structure.
SL below 1.8$
TP1 3.2$-3.5$
TP2 4$-4.5$
*will update if any changes accrued
PLUG TUESDAY Oct21/2024 possible squeeze ? Plug Power Inc. develops hydrogen fuel cell systems aimed at replacing conventional batteries in electric vehicles and equipment .The company focuses on clean energy solutions, particularly hydrogen technology, which reduces carbon emissions. They serve industries like material handling and stationary power, helping drive the transition to more sustainable energy sources.
ONE FOR THE FUTURE (BUY AND HOLD)Nothing much to say about this chart except that it is an interesting chart.
The entire trend from the top is strikingly a repetition of the DJIA trend from 1966 to 1974 adjusted against inflation squeezed into a time function of 1 : 0.6
If ever battery cars will be a thing then PLUG is one of the main players position for massive growth. Buy more with cost averaging, trade safe.
