$PLUG - Heading Lower? 🤔 📉Watching NASDAQ:PLUG closely, we may be breaking lower to $3.20 Support. This idea will be invalidated if we break & close above $4.50 on a Daily candle. Will update later with a confirmation.
PLUG trade ideas
A Bullish Symmetrical Wedge pattern on PlugIt appears that Plug has started to trade within a symmetrical triangle which could lead us to believe the bullish trend will continue. If we break above the wedge it will be confirmation that the bullish upward trend will continue for more profit. My next price target would be $5.50 for plug if we break above. NASDAQ:PLUG
$PLUG Plug Power Inc Long term PTs 75 - 105 and higherNASDAQ:PLUG Plug Power Inc
Long term PTs 75 - 105 and higher
Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including liquid green hydrogen production, storage and handling, transportation, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; Liquefaction systems; and Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
Possible trading opportunity A lot of bullish order flow coming in. Entering long on market open on Tuesday.
Please trade at your own risk. This is MY personal trade. I am posting this for educational purposes only.
PLUG ENTERED ACCUMULATION PHASE, TREND REVERSAL IN THE HORIZON?It appears that we may be entering the accumulation phase of Plugs trading cycle.
We are starting to see higher highs and higher lows. Currently I am Bullish on this trade and have entered Option Calls for another step up in Janurary based on these factors below.
-Appearance of complete trend reversal incoming
-Higher Highs and Higher Lows
-Golden Cross on the Hourly
-RSI oversold on the Hourly
Looking for the next Higher High soon.
Please let me know what you think. Where I made Mistakes and how I can improve my analysis.
#PLUG #TAinTraining
PLUG POWER - DAILY KEYLEVELSPLUG POWER - DAILY KEYLEVELS
These are my new keylevels to watch on daily tf.
i dont like this rising wedge , also beceause he is in a downtrend.
PLUG POWER - READY FOR THE PUMP?PLUG POWER - READY FOR THE PUMP?
As you can see, on weekly Time Frame we have a beautiful falling wedge, if this pattern will be broken with a broken resistance confirmation, there is a potential 10x in play.
I have an average between 3-4 USD so in my case 30-32 area will be an 8x
Plug Power - price correction or trend change? So, quickly. The price is still in a downtrend, and confirmations of a change are relatively high (changes on a high interval). On the positive side, we have reached the liquidity level from which the last significant increases occurred in 2020/21. This means the price could be very attractive for investors again. Those who invested here a long time ago in the long term may want to do it again or defend their remaining orders.
Let's take a look at a lower interval. On the 24-hour chart, it can be seen that an uptrend is starting to build, which may want to grow to around $6.5 per share, where the last liquidity for declines was.
What would I do? I would buy a package of shares and count on increases to around $6-6.50, then observe. If the price in the short zone wants to continue to decline, I would sell the package and wait for a more attractive price. If, however, the price passes through the $6-7 zone and goes up, on the retest, I would make additional purchases and count on a double-digit amount, as the next major stop could be around $10.
If the price NOW falls below $3 and closes there, it will mean that the only double-digit amount we will see in the near future will be after the decimal point.
PLUG POWER long Ich hatte es gestern bereits gepostet. Wir werden steigen. 6-7$ Lursziel in den nächsten Tagen. Folge mir auch gerne über www.buymeacoffee.com
Bullish PLUG targetPLUG has been consolidating in a descending wedge. If price breaks to the upside, target is marked.
Not financial advice.
PLUG POWER - 2W - UPDATEThese are my keylevels for Plug Power.
As you can see, the price is stopped at the support zone and also it is in a 0.5fib area from entire structure so, it is an important level.
I will add more shares tomorow in my portofolio to increase my average buy
PLUG Short IdeaFirst stock idea I've shared... *gasp*
For the past 8 years, my strategy has mostly just been to hold a bunch of tech and green energy stocks forever, and that worked quite well, until recently.
Now that I'm a little more tuned in to Macro, markets, etc, I see nothing bullish right now, and would rather be in cash to set buys at lower levels. I also want to concentrate my portfolio (diversifying is how you save money, not make money - also, I care more about crypto anyway)
Nothing against PLUG - it's been one of my biggest gainers over the years... I just wish I took profit sooner...
Honestly it's just the technicals that makes me wanna short this. It's failing to break resistance as the rest of the market is puking.
On the one hand, it's bullish that PLUG hasn't dumped with tech stocks. On the other... maybe it's just late.
I definitely intend to buy all my PLUG back as I think it's a great company doing good work to transition us to green transportation :3
PLUG POWER - GREAT OPPORTUNITYThese are my Keylevels for PLUG.
Just look how beauty it is.
I love price action and that one gives me the possibilty to make and have an amazing chart = opportunity.
I starting to acumulate PLUG.
As you can see, there is an upptrend on 2W and a falling wedge on DAILY.
PLUG Plug Power Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PLUG Plug Power prior to the earnings report this week,
I would consider purchasing the 6usd strike price in the money Calls with
an expiration date of 2023-11-10,
for a premium of approximately $0.54.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Does history repeat itself?The previous correction cycle, after breaking the local low, ended with a cup and a nice bounce came.
The current situation is reminiscent of the previous one.
However, if there is a similar volume of short closing now, the down trend of about two years can easily be broken.
I also see signs of this on a larger time plane, on a weekly chart.
Strong bullish MACD divergence
Strong bullish MACD divergence on a weekly chart.
I think we are close to the breakout.
Plug Power -> Another 10.000% PumpMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitaliz e on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Tesla.
Looking at Plug Power stock you can see that after the recent -90% correction Plug Power is now retesting a cluster of support zones from which we could see a decent move higher. Keep in mind that this is a very risky stock so keep your risk small on this trade.
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When the market moves where, and how, and if - these are all unknown.
The only thing which you can control is your risk.
- Philip Basic Trading -
Keep the long term vision🫡
trade recomendation on PLUGhi everybody
as you see, the chart of PLUG compact in the bearish triangle.
if the price break the high band of this triangle, you must be patient for pullback to a support, for take long position.
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in the market, you have to your decision and got responsibility of your behavior.
PLUG CallBuy Oct-06-23 8 Calls @ 0.18 Limit to Open
CCI oversold, Squeezed by Bollinger Bands and at small but critical support with the SR Channel.
Bought for 1.5 week expiration.
Inver Head and Shoulders for PlugNASDAQ:PLUG is one of the stocks that have been sold heavily in August and September. The price action shows consolidation. There is a potential inverse H&S in play. The initial target is 10. If we can break the down trend, this can fly towards 18.
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Hydrogen caseHi. I show PLUG chart overlayed with the three major hydrogen ETF charts. It shows that plug is landing on two prior peaks just as the ETF’s “bottom”. The ETF charts look like they will break out of the bearish channel soon. So, a bullish reversal in plug lines up nicely with bullish reversals in the ETFs, which makes sense. I also show an arrow pointing out where FCEL is in it’s chart. It’s a much older and slower chart than PLUG, but the amplitude is bigger. I bought FCEL at $2.40, and riding it down to, probably, $.81, which closes a gap on the vpvr. It is what it is. By the time I’m in long-term gains, FCEL will be reaching for $100
