PLUG Short Idea
Updated
First 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
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
Note
Target 1 hitNote
Target 2 hit last month, getting close to 3...Note
Looks like this call was right on the money. But now... is it time to buy...?
Note
I was so right about this it's almost depressing lol
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.