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PLUG

PLUG Ascending TriangleAnalysis: PLUG never ceases to amaze me. Technically, I think this has more to go. It's set up nicely near the apex of an ascending triangle that has been forming for two weeks. Today's candle showed a hammer formation with buyers stepping up end of day to take back control. However, volume has been tapering lately which is a concern. Either side could step up and push this stock. This has been flirting with the upper resistance level the entire triangle. I'm thinking a small pullback tomorrow to test the 8 EMA. If it breaks resistance at the $28.70 level, I want to see heavy volume lift it past resistance. Strategy: I've been a PLUG holder for a while now. But I, personally, am going to pick up $30 calls with Friday expiry if this touches into the 8 EMA. There's a good amount of liquidity weighted to the call side. Whole numbers are the hot spot due to its psychological effect. Please note, I am not an advisor. This is my opinion. Leave a comment, though, and tell what me your thoughts!!!
NASDAQ:PLUGLong
by NetWorthFocused
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. ############## 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.
NASDAQ:PLUGShort
by ymarkets
3
PLUG Looks Technically Good but a Few Concerns AheadIn this chart we are using the Moving Average Delta (MAD). The MAD calculates the difference between the price and the moving average. Using these two data points helps us see price movements that are normally difficult to see. The MAD may signal a trend change when the line begins to turn toward 0, the steep of the curve represents velocity of the movement. Bull Cases 1) Our indicator is showing a trend change with velocity 2) We are in a zone the MAD has historically considered oversold and has reversed from 3) We have made a higher low while managing to appear steeply oversold on the MAD 4) Possible positive response from president Bear Cases: 1) We established a megaphone pattern which concerns me. 2) Earnings are released Nov 5. and if they disappoint that could severely impact the integrity of our 5 month bull trend. 3) We don't have a lot of support beneath us. 4) Possible negative response from president I'll let you make the decision which case looks stronger to you. NASDAQ:PLUG Indicator: Moving Average Delta Indicator by KIVANC fr3762
NASDAQ:PLUGLong
by jakelikesstocks
PLUG and other parabolic stocks - IWM overlayNot sure why it didn't dawn on me earlier, all of the stocks mentioned in my previous post like: BYND, PTON, BLDP, FSLY, ROKU, JKS, etc They're all being pumped up by small cap index.... that's how they're going to get RTY1! (small cap futures) to close the COVID gap. I was trying to figure out where all this money is coming from.... So if you're betting on these stocks, long or short, pay attention to RTY. The overlay is IWM (small cap index fund) BTW, RTY is overbought, but keeps going up anyways.
NASDAQ:PLUG
by hungry_hippo