PLUG
[For Discussion] FCEL or PLUG? There are many correlated stocks in the market.
E.g. FCEL and PLUG - the resemblance is even more obvious in the Min Chart.
In this case, which one will you focus on? and why? ------- Please share your opinions so that we are learn together :)
I will either Long FCEL purely cause it's more affordable or Short PLUG.
Note: My brokerage don't allow short selling.
Keep this on watch for a re entry80 is your next pt. AS you guys know we like plug. PLUG IS SOILD as over the last year alone it has more then huge contacts one with $WMT. The problem which is not a problem was the fact that this took out like a rocket so if you missed the break on jan 8th it left you behind
We are now forming a wedge. if we can close above that wedge on at least the 15 min chart id be looking to get long and swing 70 calls for feb 19th pt1 80.52
NEWS
01/1909:08PLUG Announces Selection of Rochester to Host Plug Power Innovation Center - Source
01/1907:00PLUG Names Ole Hoefelmann as General Manager of Electrolyzer Business - Source
PLUG Groupe Renault & Plug Power join forces to become leader in hydrogen LCV - Source
01/0618:00PLUG Receives $1.5B investment from South Korea's SK Group via buying 51.4M shares at $29.2893/shr (9.68% of market cap, 11.6% of shares), to partner on Hydrogren Fuel Cells in Asia Markets -
PLUG Expands hydrogen and fuel cell solutions into Walmart eCommerce Applications
PLUG POWER ($PLUG): BEARISH OR BULLISH? 🤔$PLUG is more likely to be bearish in the short term and bullish in the long term (it's more a retracing than a reversing).
This pennant pattern predict us a bullish scenario.
What's your opinion on this? 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 monster rally seems to be reversingThis is another request from a follower. I am not in PLUG and am not getting in unless it sees a nice fat retracement. PLUG rallied a whopping 1900% since June (vertical line). For those who got in early, congratulations! I contemplated jumping in about two months ago but thought it was too expensive (and still think it was) but there you have it. I missed out on this one.
It seems though that it finally peaked after a sharp exhaustion move that created a couple of exhaustion gaps. Additionally, we have two spinning tops followed by a red candle, which most likely confirms the reversal of the trend.
I am inclined to think PLUG will re-test the $37 price point, which was the resistance that it broke before the exhaustion move up (white rectangle). That would also fill the first exhaustion gap. Keep in mind exhaustion gaps are the most commonly filled among all types of gaps. The 50-ema is converging around that area as well.
Other indicators also point to a move down: MACD sharp turn, Stoch is in overbought and already crossed bearish.
I think (therefore I "bias") that a move to the previous resistance would be fitting for this one so it creates some equilibrium because this rally was insane. That would about 50% retracement. I would enter for the long term around that level if we get there.
I plotted the fib retracement levels from the breakout of resistance to the top of the rally so you can have a clear guide where the price could find support on the way down (if that happens. I honestly don't see how it would not but as I always stress, the unthinkable sometimes is possible). Add the 14-ema and the 21-ema to that list of support.
Safe trades!
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PLUG Power volume based analysis - 3 targets before 80$ and moreThis is a volume-based analysis on Plug Power PLUG.
The stock went parabolic (again) and had an impulse wave for the 7 trading sessions and reached 73.90 as 52W highest high. PLUG stock has a lot of” buzz” at the moment and it’s just resting before another wave to 82$ at the end of it. Now the PLUG is giving some gains back and closed on 60.14, but this is far from over. So the volume shows that we have a lot more upside.
Volume:
PLUG 3 months Avg volume per session: 40.66M
PLUG volume surge -the beginning of impulse wave (1.7): 100M
PLUG volume peak -day of 52W (1.13): 142M
According to the volume, I set 3 targets:
Target 1:
stock can retreat to the 52$ line, and then converge 52.5$-60$ (Accumulation).
Target 2:
Accumulation ends, stock rallies breakthrough 61$ to the 67$ line.
Target 3:
From 67.8$ to 72.5$ there is convergence again – the area needs to be tested.
Target4:
Break 74$ (h/h) and start a new cycle.
The stock has a target price of 85$, and it can easily happen, considering these market conditions but I think the stock will start moving much slower above the 70$ line, buyers will become more hesitant and PLUG will need to “park” there for a while.
All things considered, we are very bullish on the company and even 100$+ is achievable, all a question of how long you are willing to wait 😊
Happy Weekend stay safe.
LI Cup and HandleSorry for the hiatus, folks. Hope everyone made bank on the picks!!! APPS and KIRK killing it. SPCE starting nice run, though, I sold entire position today. PLUG went supernova!!!
I like LI on the cup and handle here. Measurements on the chart for run. Waiting for the break of the upper trendline of the handle to get in.
Like and follow if you like the play!!
Leave a comment with any suggestions!!
PLUG Long on Dips Joe Biden's energy plan focuses on R&D for clean energy, tax credits to speed ... credit for job growth in renewable-energy could give alternative energy player like PLUG a boost. Look to establish longs with drops into 51-44.5 rage. Wave Count invalidation at 37. Trade Execution in Video Update.
PLUG: 3 exit strategies you can use now!Hello traders and investors! Let’s see how PLUG is doing today!
The stock is performing amazingly well, and so far, we didn’t see any reversal or pullback signs around. And I got some strategies you can use here if you are anxious or afraid of a pullback.
First, I would put a trailing stop on the previous day’s low, and if PLUG closes under it, I would just get out of it and wait to buy back after a pullback to the 21 ema. Or I would use the hourly chart to guide me:
As long as we don’t see any bearish pattern around, we are fine. PLUG is in a strong bull trend, doing higher highs/higher lows, and you could wait for a bearish pivot to appear to sell your position.
Or you could wait for it to lose the 21 ema in the hourly chart , if you are more anxious.
But since PLUG is in a very strong bull trend, if it drops, I would only see an opportunity to buy more. Pullbacks are different from reversals, and just like Dow stated on the 6th tenet of the Dow Theory: The trend will persist until a clear reversal occurs.
If this analysis helped, remember to follow me to keep in touch with my studies, and please, support this idea if you liked it! You’ll find more analyses on the links below.
Thank you very much.
MY TOP 10 ANALYSIS IN THE LAST 3 MONTHS VS SPX,NDX,DJII would like to invite my followers and all other users on Tradingview who did a trade base on my analysis in the last 3 months to write a comment about their experience.
While major 3 indexes gained 7.5 to 12.5 % in the last 3 months, I had two 4 digits, many 3 digits, and lots of + 50% analysis.
Keep it on your mind that I made the call to buy:
MARA @ 2.37
RIOT @ 3.43
BNGO @ 0.54
CHEK @ 0.36
CAN @ 2.60
PLUG @ 15.47
IDEX @ 1.54
GEVO @ 3.70
SYN @ 0.38
FCEL @ 5.36
Please write what you think in the comment.
PLUG: Key Points to keep in mind!Hello traders and investors! Let’s analyze PLUG today! I never did a public analysis about it, so, it’ll be my first time here.
First, we have a quite strong bull trend in the hourly chart, and we have some key points to keep in mind. The black line is an interesting point, as it was a resistance in the past, and a pivot point , so it is a good support candidate if PLUG corrects. Also, we have the 21 ema pointing up, which is another good sign.
We have a classic Breakaway Gap , which was the trigger of this movement. This tells me that the bull trend will persist a little longer, but we can’t discard that it’ll do pullbacks in the future. If you are afraid of a pullback, just look the daily chart:
Ok, so we can see the $ 46.95 from here too, but if PLUG loses this point and drops more, we’ll have a strong support area near the purple line region and the 21 ema. If PLUG hit there, I think this would be just an opportunity to buy (or buy more).
I know we may have an Evening Doji Star candlestick pattern if it closes this way, but again, if triggered, this would be a pullback sign, not a reversal sign.
Another thing to keep in mind is the high volume during this bullish leg, which is another good sign. This bull trend is real, so, pullbacks shouldn’t scare anyone around. If this movement had low volume, then it would be just speculation.
Remember to support this analysis if it helped you and follow me to keep in touch with my daily studies.
Thank you very much.