Pluglong
PLUG POWER - DAILY KEYLEVELSPLUG POWER - DAILY KEYLEVELS
These are my new keylevels to watch on daily tf.
i dont like this rising wedge , also beceause he is in a downtrend.
PLUG POWER - READY FOR THE PUMP?PLUG POWER - READY FOR THE PUMP?
As you can see, on weekly Time Frame we have a beautiful falling wedge, if this pattern will be broken with a broken resistance confirmation, there is a potential 10x in play.
I have an average between 3-4 USD so in my case 30-32 area will be an 8x
PLUG POWER - GREAT OPPORTUNITYThese are my Keylevels for PLUG.
Just look how beauty it is.
I love price action and that one gives me the possibilty to make and have an amazing chart = opportunity.
I starting to acumulate PLUG.
As you can see, there is an upptrend on 2W and a falling wedge on DAILY.
Does history repeat itself?The previous correction cycle, after breaking the local low, ended with a cup and a nice bounce came.
The current situation is reminiscent of the previous one.
However, if there is a similar volume of short closing now, the down trend of about two years can easily be broken.
I also see signs of this on a larger time plane, on a weekly chart.
PLUG | Buy zones | Hydrogen risingGeneral
Looking at 2 zones where i will buy equally amounts of PLUG for longterm hold.
First buy zone is based on the support zone that generated the recent swing high (red circle).
Main buy zone is a resistance level that gave support after it was broken for the big upswing.
Target: Correlation between 50% of the weekly range and top of the last swing.
Stop-Loss: None (Long term investment)
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
PLUG:Higher high?Plug Power
Short Term - We look to Buy at 15.44 (stop at 12.51)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher highs is located at 14.00. This is positive for sentiment and the uptrend has potential to return. Dip buying offers good risk/reward.
Our profit targets will be 23.88 and 26.00
Resistance: 25.00 / 32.00 / 45.00
Support: 15.00 / 10.00 / 5.00
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PLUG Bounced from Key Level Five Times!
PLUG bounced from the key level 18.47 5x's! The most recent bounce occurred on July 8, 2022. Previous bounces from the key level occurred on the following dates- February 24, 2022, January 31, 2022, May 11, 2021, November 9, 2020.
Identified patterns include- "Double Bottom" pattern inside of a "Falling Wedge"
IMO PLUG looks good for a swing to the upside. It has strong potential to build (especially if it breaks the upper trendline on the chart). You can trade this one 2 ways. The first way is trade it to the upside with the break of the neckline (the neckline broke recently). If PLUG closes above the neckline, I will enter a swing today with next week's contract. The other play would be to wait for a break above the upper trendline.
Expected move- Max move to approx. level 25. Measurement from bottom to neckline is approx. 6. Therefore, a measurement from neckline up ($6 move) is about 25.
PLUG is a stock I typically don't trade but I will "plug it in, plug it in" (if you remember the old Circuit City commercials comment below lol) on my watchlist! This stock will be a fun one to swing and trade next week. I started a small swing position (20 C 22 JUL 22) on it yesterday (Friday, July 9, 2022) with an average fill price at 1.05.
Plug it in,
MrALtrades00
