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PLUG POWER

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1PLUG trade ideas

PLUG- Future of hydrogen clean energy is uncertainPLUG is arguably the leader of hydrogen fuel cell company. However, there are several concerns that need to be addressed. #1. Hydrogen clean energy is still at the proof-of-concept stage and the natural gas industry seems to be its biggest advocate. Hydrogen gas is emission-free only if it's made by electrolysis from renewable energy. #2. Currently, major renewable technologies include hydroelectricity, solar PV and wind power. Unlike solar and wind power, hydrogen doesn't occur naturally and needs to be manufactured from natural gas. This means that the significant time and cost will go toward setting up expensive infrastructure, storage and distribution networks making hydrogen power much harder and much more expensive to scale compared to solar and wind. #3. Personal transport is one of the biggest application of the hydrogen, yet FCEV (Hydrogen) is steadily losing ground against BEV (Battery Electric Vehicle). The falling battery price and EV tax credit will only accelerate the adoption of EV, further widening the gap between FCEV and BEV. #4. Sky high valuation and recent accounting issues. I'm ambivalent toward PLUG and other fuel cell companies in general. However, I think it is a speculative bet and a good candidate for the swing trade given that one of the focuses of Biden's 2.25 trillion infrastructure plan is renewable power and that investors just love to throw their money on anything related to green energy due to the global decarbonization initiative that aims to reduce the CO2 emission by 50% in 2030. I would initiate a small long position inside the demand zone. Conservative play is to set the target at the daily POC and exit completely. Alternatively, you can sell 50% and keep the remaining position as the potential long-term holding. Do your own research. Not the investment advice.
NASDAQ:PLUG
by Libratus
Unusual Option Activity Plug $1.4M premium traded above OINASDAQ:PLUG  $1.4 M in premium traded for $29 strike calls for April 23th expiration traded Today. Unusual Activity for $29 calls about 17,000 contracts traded around 2:39pm @ approx $0.70 (Above Open interest of only 1252) Plug power earnings date is 05/06/2021 This stock is showing a nice hammer on the daily close today after falling past few days indicating a possible reversal in trend. The stock has bounced off Long term support at 24.52 & also held 25.71 previous support. It is also showing a possible cup and handle on the 15 minute chart with today's bounce. Expect support to hold and stock to keep running up towards ER after drawdown. 2 week's time on these options I would recommend a vertical spread to keep theta at bay. Support 25.71 Resistance 27.77 Target 28.35, 28.75, 29.25 & 30.41 SL close below 25.75 new support. Follow more unusual activity signup for a free trial using my referral link  marketaction.live Please let me know in the comment if you find this useful.
NASDAQ:PLUGLong
by marketaction_live
5
Why we returned to a long buying zone ?A convergence of factors that pleads for a bull-run : - The price touchs on April 13, 2021 its 200-day SMA, - The price may soon drop back to the 0.786 Fibonacci level. This ratio is obtained by considering the date of November 2, 2020, i.e. the last price that touched the green uptrend line. Indeed, we must consider that the action seems to want to retest this bullish slant; - The price is now down to 2/3 of the red-green falling wedge, which is an ideal situation for a breakout, - The stock could soon find its 1st pivot point support, - We can observe a beginning of a tightening of the Bollinger bands with in particular a raising of the lower limit. Stategy : 1) We could anticipate a large and powerful purchasing zone between $ 25.4 and $ 28.9 (cf. purple range). 2) Ideally, it will be necessary to wait for a confirmation with the break on volumes of the top of the descending bevel. Medium-short-term goals : closing the gaps opened at 42.5$ (1) and 46$ (2).
NASDAQ:PLUGLong
by Kiltran
ADDED $PLUG Target 58.84 for 35.70% ADDED $PLUG Target 58.84 for 35.70% Or next add level is at 27.88 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:PLUGLong
by SPYder_QQQueen_Trading