PLUG Plug is displaying an inverted head and head shoulders. Highly likely probability is that it will make the right shoulder and fall.
PLUG trade ideas
PLUG Power Possible ReversalIt's the first time since July we have seen the price movement - break above Anchored VWAP
Key Level to hold would be SMA100 which is being tested at @ 27.66 and needs to be held.
Money flow went positive with MACD showing a positive indicator too
Momentum just went above one which is a very healthy indicator.
The next key resistance level will be at SMA200 35.41
$PLUGRSI divergent
Double bottom on the 4h, although looking at the weekly it could retest long term support before breaks out
UW flow bullish
I will only add to my position in a couple days once confirms trend
Make or Break timeApproaching the must hold line of the bottom of the ascending wedge (gray PT line). If it breaks through, it can easily slice down to the $19 level. If it is a reversal pattern, look for a bounce off that gray line with a new price target of the top gray line. It is important to put this in broader market context. The Fed has DOUBLED their planned tightening and the market volatility is way beyond normal--- i.e; reminiscent of prior big drops. Be careful and be nimble trading. Be patient before entering a long term trade. GLTA.
plug long setuplittle plug setup here
buy the local golden zone ($23)
sell the -0.236 algo target ($42)
this is a high probability trade setup, but always make sure to keep a stop loss just below this golden zone ~
if plug ends up taking out that upside algo target, then this move up is going to be counted as a wave 3, and it will go much higher.
watch for the reaction as it nears $42, and take profit accordingly
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Plug Power, out of power, power plug. PLUGWe just completed a 5 Wave impulse, and waiting for a drop. How low remains to be seen. Actually, so does the confirmation, so relatively aggressive here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
plugeverything seems to be lining up perfectly! as long as these levls comntiue to hold i see a 65$ plug around the corner ! these levls need to hold but i am bullish and feel srongly they will i got my buy orders filled today around 35.40 so im putting my money where my mouth is
Plug power Ran through the chart and decided to close my buy zone. Looking at the wave count if this is correct then we are in a 4th wave correction. Wave 4 Cannot go below wave 1 therefore if this count is valid it should remain intact at 36$-35.85 area. I’m waiting to see if this will play out. If it does then 35.85ish range should hold as strong support. Will also backtest previous resiatnce range before we broke out leading wave 5 the final wave to the 1.618 of 65$ or a less volatile 5th wave would be less but I’d have to check on that target. If interested let me know
Plug power We had. Strong move up to the .618 fib and saw rejection. I am watching this 37.75 if we do lose it an close below my main area I’m watchig for is 36.19. It would be a backtest of previous resiatnce of that bearish trend we hovered in for a few months. We do Howver have some start ichumchi cloud trend support below down to 37.56 so that being said I did open a small postion here velow 38$. Just my veiw if the floor falls out that’s what risk management is for. I will put faith in some of my key indicators on this one. Good luck!
Week Two< LongHolding this week, I'm content for the candles to land in the rectangle if the market is still limping this week. I jumped in @ ~43 (yellow); I'm still feeling an upside here, though it may take me holding this an extra week or so than i originally wanted. My calls did bring some cash from the dip, so there was an upside.
PLUG'S DOWNFALL Price is currently testing the $39.50 level as support after breaking a 30 day uptrend channel. I can easily see price breaking this support level and falling the the $35 level. What do you thing?
WATCHING $PLUG - target 35.03WATCHING $PLUG - target 35.03
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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Plug looking good.Plug survived the recent sell off fitting nicely in the trench pattern. hopefully it keeps following this trajectory until the most recent $65 valuation. i should of trusted the pattern and waited to buy in but at least its heading back to where i bought and onward. I plan on holding long and selling some puts. Wheres the next dip? i have a feeling, it will bump off $47 barring anything weird movement...
PLUG good base for investorsFundamentally, the recent key news:
In Q3 of 2021, Plug Power reported revenue of $143.9 million,which was 34% higher compared to its year-ago period.
Analysts expect the company to increase sales by 47.3% to $496 million in 2021 and by 74.5% to $866 million in 2022. This expansion might allow Plug Power to narrow the loss per share from $1.58 in 2020 to $0.25 in 2022.
On the other hand:
Plug Power ended Q3 with $4.27 billion in cash and $730 million in debt. However, the company is still reporting a negative gross margin and will require significant liquidity to offset it's high cash burn rate.
Also consider bloom energy, many investors compare them. In the end, bot stocks are a good choice of an portfolio.
Technically, PLUG is slowly leaving his current channel and seems to form a new sideways channel. But due the volume impact in that area, we could see another leg up. Currently we have to watch the behaviour of the investors (the volume) and the biggest supports to ensure the continuing trend confirms.
11/21/21 PLUGPlug Power, Inc. ( NASDAQ:PLUG )
Sector: Electronic Technology (Electronic Components)
Current Price: $44.55
Breakout price trigger: $45.35
Buy Zone (Top/Bottom Range): $42.50-$40.50
Price Target: $51.00-$52.75
Estimated Duration to Target: 26-30d
Contract of Interest: $PLUG 1/21/22 45c
Trade price as of publish date: $5.20/contract
PLUG; strong uptrendTREND
Strong uptrend as indicated higher high and higher low with two gaps: Breakaway gap and Common gap
Price action
Just breakout from the 2nd Darvas box
Volume
Bullish volume are consistently above MA while bearish volume
Indicator
Keltner Channel is used as an indicator where this indicator confirms that the uptrend is strong.
This is indicated by how the candles are consistently above the EMA 20 (the median of the channel) and on the upper part of the channel.
Risk management
Cutloss 43.44
Long | PLUG | week end 11/06/2021NASDAQ:PLUG
Possible Scenario: LONG
Evidence: Price Action
Entry point: buy order : 41.90$ in case of pull-back, without pull-back, 42 is buy signal
TP: 43.50$
Call options, Strike 43$, 11/05/2021 100 Contracts cost 10Kand profit in target 22K, ~200%
*This is my idea and could be wrong 100%
$PLUG holding $43. Next target $46.Plug is holding $43 level. If it can keep it, looks for $46 as next target.
End of wave 5 coming soon?Triple bottom breakout lead to a huge breakout. Everyone might be optimistic of plug to continue on their breakout but if it’s truly an impulse wave, wave 5 should be coming to an end, giving it an ABC corrective wave.
This is what a breakout looks like folksEarnings on Nov 9 were not impressive. Still this stock looks poised to rip.
I would wait for the dipPlug has been bullish since it crossed $30 and right now we just need to find the right dip buy oppty. I would like to buy this around $37 or if we get $35, it would be even better. If its starts trading above 43 with high volumes, then we can consider that Wave iv was already in and we are going further to $52.
