PLUG
BTC Parabolic Phase Over ? Hello Traders,
New Thesis on BTC,
We may have had a blow off top and potentially be in the complacency stage of the Wall street cheat sheet,
Points to consider,
- Parabolic rise with a pull back of over 25%, the reaction rally which was expected
- The rally was short lived with below average volume
- Fibonacci target of 0.618 From daily ATH was met, typically a turning point in BTC price history
- Volume is visually declining, this usually means an impulse move is around the corner
Bitcoin is currently testing the daily .50 Fibonacci line, where a break of this will likely test lower levels, if the price however holds and pushes up with volume, then bulls have a greater chance on hitting higher highs and continuing this parabolic phase, although this needs to be confirmed with a break of the 0.618 Fibonacci level, we are currently trading in no mans land...
What are your thoughts? Please leave a like and comment
and remember,
“Losses are necessary, as long as they are associated with a technique to help you learn from them” - David Sikhosana
The best 10 penny stocks to buy in 2018...This recommendation is on Marketbeat. Let's look at the technical analysis point of view. The movement of the exchange rate carries the characteristics of fractal movements. He is currently building a 2x fractal. The exchange rate moves sideways in a yellow rectangular area. We expect pulse wave structure from this range. The theory of correctness can justify if the exchange rate breaks through the purple line, which is the axis of the exchange rate D1 ATR. As long as this does not happen it is advisable to wait. But when it happens, the exchange rate can suddenly be switched to "impulse", suddenly increased with ATR. Which results in strong volatility. The primary target price is 5.56 usd. The second predicted target price may be around 10.73 usd.
PLUG Power, INC. Breakout potential, overlooked company.Lets keep it simple. With my non legal advice!
PLUG, recent partnership with Amazon would just be the start, as they have huge deals already with many other big names.
In the new era of investing, we seem to be leading towards the energy sector. PLUG has been creating cell power. This is extremely efficient then current battery options, especially for retailers such as Amazon, who plan to use this alternative source to power their forklifts for faster production and less downtime on the lifts (yes its actually a problem).
Among the many other uses for cell power, lets get to the point.
We have our wedge reaching its point of decision time. Breaking out seems inevitable, but maybe one more small pullback to the bottom of the wedge towards the 618 @ 1.75 area. A small selloff before earnings 8/8/2018 seems realistic before the breakout.
On the WEEKLY, with huge buy signals before march, to follow the WEEKLY squeeze for the last month.
We have the first DAILY positive momentum change since the beginning of June, approaching the end of the wedge.
The Ichimoku has been getting poked, and on smaller time frames like the 4 hour seems to be leaning towards bullish.
I labeled my buy zone in green, and for short term profits into the new year, sell targets around the 2.65 area. This may very well break out much further, but i like to take profits.
If wedge fails, ill look for support closer to 1$, but we can get to that if it happens.
Happy Trading, debating, and speculating. I want everyone to win!
PLUG LONG BUYGeorge McNamee, chairman of Plug Power's board of directors, purchased 200,000 shares of Plug stock worth more than $426,000 in September.
McNamee now owns 661,131 shares of Plug’s common stock, according to a U.S. Securities and Exchange Commission disclosure filed on Monday.
CEO Andy Marsh has been working to make Plug profitable for the first time in 20 years. He came to Plug Power in 2008 with an overhauled business plan and has spent the last nine years converting Plug from a research company into a manufacturer. (bizjournals.com)
The key price for PLUG going in to earningstwo doll hairs.
PLUG had been stuck in a downtrend for 1072 days before getting its bump back in february. two dollars seems to check out for me as an opportune entry point
PLUG Bearishness Waning (hourly technicals)Hourly chart showing impending MA Cross, pinching MACD and Stoch, RSI over 50. Probably volatile until the stock closes over $2.40, but if technicals follow through the bearish snap of the last few days could be over. However, a close below $2.20 puts $2.00 in play.
PLUG Break out of through resistance on large volume. BULLISH.PLUG (Plugpower) Break out through resistance on large volume and news that Amazon is buying 600m of shares. Resistance line broken at 2.40 now acting as support.
Bull Run? ? Word on the wire is that there is a BIG deal coming through for PLUG, Walmart, then Amazon and also China is planning on using PLUG cells for the RE makeover they are going through. They recently got out of debt and appear to be moving forward. Curious to know your thoughts, I can't find any contriadicting research. All stories seem to validate.
$PLUG needs to break through 2.14$Plug popped up on my radar but it has some work to do before it gets moving
Plug power forming multiple XABCD patternsPlug power looks to be forming both a batwing and gartley XABCD pattern. It is currently in the bullish direction after forming an engulfing bullish line and a bullish 3-method formation on the .236 point, which it appears to be confirming with a bullish movement. I expect this to go to either $7 - 7.35 (high chance) or around $10.30 (low chance), at which point, both will result in a bearish trend.
$PLUG in a corner for next breakoutMilestones ahead for traders of $PLUG. The next breakout could be soon yet volume must be produced. Currently, there is a decrease in volume, leading to a consolidation period. Support line is not strongly established as the resistance line. This can lead to bearish movement. Holders of low strike price are able to withstand volatility daily traders with tight entry points should use protective stop limits.
PLUG - Chart On WatchAscending wedge setting up, watching for 6.40 area break, CMF flip, RSI bounce off 50, Accumulate around 6.00, Target 8.00
