PLUN trade ideas
Hard to tell...As you can see, the signs are more bearish (at resistance, MACD and RSI cross) than bullish(bullish flag pattern) on the SHORT term
...but still would never recommend shorting this stock, because it keeps making higher highs and lows.
Instead, I am planning to play some weekly credit spreads and add some stock for the longer term at 22.24 and 19.37.
Monday will tell us the direction, the flag pattern is a good indicator.
If it fails to break out above, then weekly bear call spread is the way.
In the other case: weekly bull put spread is the right way to trade this one
Trade safe!
A pause for PLUG?After another strong rally, we see a red counter trend correction arrow above price. This indicates a cooling of positive momentum and suggest that price may struggle to make new gains in the short term.
This has happened over and over again during this incredible run.
With the “Go” trend solidly in place we have seen the low risk entries (Green circles) at the start of each surge and then the red counter trend correction arrows signaling the consolidation.
If the pattern repeats, as the GoNoGo Oscillator falls to zero, we will look to see if it finds support again.
bearish on plug nowthey made an offering at the worst possible time. i see this dropping all the way back down to the lower trendline
PLUG POWER: BIG CORRECTION COMING 📉We can see higher-highs on this trend. It's clearly bullish.
I thought the market was going to use the same old patterns (green color).
Shares of Plug Power rallied Monday after the hydrogen fuel cell company reported third-quarter results. New records were set by Plug Power Inc NASDAQ:PLUG in its third quarter.
NASDAQ:PLUG is an overbought and oversold stock. This stock can be easily traced with the Relative Strength Index (RSI). That's why we can predict a big correction coming. It would be a buying opportunity!
Your comments are welcome.
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Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
PLUG bullish scenario : wave 4 coming, then 5weekly time frame
Could retrace to about 18-20 and consolidate
stop loss under 18
target 24-28
not financial advice
plug possible bullish retest of bullish cylinderusually this pattern retests, sometimes multiple times. it actually already did on lower time frames, but bitcoin actually did the same exact thing the other day and it shot up after the retest.
A perfect example of Continuation pattern!All traders must try to stick with reliable patterns that are repeatable!
(Some people like messy charts, I don't)
Plug Power | Can We See $30 next?What a beautiful week for Plug Power! Continuous bullish momentum and a break above the upper trend line (green line) at $22.00 with no retracements yet. Can we see new highs in the coming weeks at price targets such as $30?
PLUG Earnings Move Bull Bear Case PLUG is going to report earnings on Nov 09, 2020 Before Market Open
The options market overestimated PLUG stocks earnings move 83% of the time in the last 12 quarters.
This historical data could give us an edge.
Predicted Average Earnings Move: ±12.6%
Actual Average Earnings Move: 6.3%
One can infer PLUG will fall within the predicted range.
Note: A potential catalyst such as recent news could take PLUG outside the range. In this event, the catalyst would be considered significant. And identified as an outlier.
Predicted ±$2.37 ( ±12.6% )
upside = $21.23
downside = $16.48
Actual ±$1.18 ( ± 6.3% )
upside = $20.04
downside = $17.67
Thanks for reviewing my idea and constructive criticism is welcome.
plug breakout of accumulation cylinder confirmed.if this is going to overextend, its going to happen here. beautiful breakout and great close. looks like we will see at least 30 dollars from here but i wouldn't be surprised if we saw much higher.
great entries/exits! dont be greedy congrats to PLUG longs! all out :) looking for a test of 17.5-19 for a dip entry if i dont get it im not mad! we made some good profit here.
$PLUG - Take Profits or let it ride?What do you guys think? Up 30% - Bought in at $17.99. Usually at this point I would take profits, but the charge isn't signaling to sell. Thoughts?
$PLUG with a Bullish outlook after earnings.$PLUSG is projected with a strong Bullish outlook after a Positive under reaction following its earning release with the PEAD placing it in Drift A.
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OPTION ONLY! A PUT FOR PLUG TOMORROW!!!!! Divergence appear in RSI and STOC.
Both indicators give good signal for a down trend.
Candle Touch the resistance line
Predict: Will be up a little before going down. Short option put and take profit at 10% 15% is a goo
CONCLUSION: Option Put Will Be A GOOD Choice
a look into plug's possible accumulation cylinderit looks like it's following the exact 7 wave accumulation cylinder pattern outlined in the livermore speculative chart.
plug resumption up after retest of yearly highlooks like it could go parabolic soon. depends whether or not it breaks to the upside from the pattern. it is not yet clear whether it is an accumulation cylinder or a rising wedge but breaks of these to the upside do confirm them as accumulation cylinders and lead to parabolic moves much higher.
retests and resumptions higher are a very high probability trade. good setup here.
