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Plugpower

Plug Power back on the trend linePLUG is a long term play, tesla hedge (10 Years) As long as PLUG is on this trend I will continue to dollar cost average daily - for beginners this literally means start off slow on cashapp with $10/day - for advance traders DCAing at levels you feel comfortable buying and buying BIG #getwrecked If it dips below the parallel stop DCA and find another trade u might want to participate in IF it rises above feel free to take profit and buy other assets or go on amazon and treat yo self trading is about YOU and not your personal life finance communities make it about the community never feel ashamed to profit off a great trade people that bully are those that have lost and have broken their own rules time and time again #notonmighwatch
NASDAQ:PLUGLong
by Toro138
PLUG: WATCH FOR BREAK OUT OF THE ICHIMOKU CLOUDPLUG ICHIMOKU ANALYSIS : The price is currently supported by Kijun, Tenkan and 20 and 50 EMAs, with Kinjun and Tenkan about to cross over. The price action is building pressure for a move above the 2 following resistances: 1. the current candle is just at the top of the cloud, looking for a break out. 2. The lagging span is stuck below the 100 EMA and the cloud. Watch for a retest and a potential break. I'm entering a long trade on Plug . Good risk vs reward trade as a stop can be placed just below the 50 EMA. Success will also depend of the overall market next week. All targets on the chart . Trade safe.
NASDAQ:PLUGLong
by Elpidaldo
PLUG: Several bullish patterns around!Hello traders and investors! Let’s see how PLUG is doing today! First, we had a Double Bottom triggered in the 1h chart, and the key point was the $ 30.40 – remember this point. What’s more, it did defeat this key point by doing a Breakaway Gap. Now, the technical target is the $ 34.35, but since PLUG is quite far from its 21 ema, pullbacks are expected, but not required. If it drops again to its 21 ema, it would be an opportunity to buy. Now, the daily chart: Remember the $ 30.40? The market seems to remember this price level quite well, and it has been working as support/resistance since December last year. Today’s volume is very good, and this might be an Ignition Bar. Although the short-term target is the $ 34.35, the daily chart suggests it could hit the $ 37.75, or even the $ 48.35 next. The gap (yellow square) can help to attract the price to higher levels. Let’s see if this will be an Ignition Bar or not. Either way, remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you! Thank you very much!
NASDAQ:PLUG
by Nathan_The_Finance_Hydra
14
PLUG - 4h Chart - Longterm BuyOverview PLUG is one of my favorite Stocks already since 2 years. While i dont really care about fundamentals, it is to mention that the German Government will put 8 trillion Euros into the field of hydrogen and as PLUG is one of the big players in that particular field - its worth to mention. Specially since the last time similiar news came out (in November 2020) PLUG started its big run. I look at 3 points where i will buy equally many stocks. The plan is to take out my initial investment at the target area and let the rest run. Dont forget: - Watch your Risk management - DYOR (Do-Your-Own-Research) Please consider: This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor. Thanks for reading! trader_se
NASDAQ:PLUGLong
by UnknownUnicorn1541497
2
PLUG at critical level - time to break through PLUG has been in an aggressive downward move this year. The chart shows two failed attempts to get through the $29.60 resistance level. It is now attempting a 3rd and I'm bullish. Why? The price action shows the aggressive downward move, a breakout from this move around $26.30 and a slight rotation of the angles indicating we may have found a bottom and more buyers are coming in. But the ascending triangle is why I'm hopeful for a rotation up, this is a bullish pattern and it follows the evening out of the slope down. The 29.60 level is critical because it is not only a stubborn resistance, but it now has the 200 EMA sitting on top of it which can also act as resistance. Double Whamy. Because this level is so stubborn I'll be placing a stop buy order on the other side of this, with a tight stop in case of a false break and a rejection back lower. You'll see similar patterns in Bloom Energy, Canadian Solar and some of the other green energy stocks, which suggests a category rotation giving me more faith in the move. Suggest picking which one to trade carefully and not picking all of them without looking at correlation since they're all behaving in very similar ways.
NASDAQ:PLUGLong
by JBlack99
Plug Power | Important PositionAfter a long time, it is time for another $PLUG TA. It is an important week for the fuel cell manufacturer, as the company is estimated to report earnings on coming Thursday, May 20th 🔌🚀 Just to reflect on the chart of last months, since the 26th of January, $PLUG was unfortunately not able to get any higher highs. Completely reasonable, as the stock had to cool off after a period of massive gains. But the stock plunged in these last three months with lower lows, followed by lower highs at all times. Bad news made it even worse for Plug Power, such as a slower than expected adoption of hydrogen fuel cells, a delay in publishing its financial report, a filed shareholder lawsuit, weaker than expected Q1 targets, and profitability which is a problem that exists for such a long time. On the 11th of May, $PLUG stock even dropped below the $20 PPS. However, it recovered a little bit and is currently trading at PM for $24.19 PPS. A higher high is a must at this point to even start talking about a forming bottom at $18.47 and further recovery. First target will be around the $30 PPS where a higher push is needed than the 29th of April’s high. Otherwise, it is highly possible that the stock could go down even further. But it looks like the sun will shine again after the storm. Plug Power is planning to expand its businesses in Asia through a joint venture with previous investor SK Group, multiple collaborations like with BAE systems, and lots of analysts are rising their average price target for $PLUG. In addition, the stock is also oversold on the RSI on the daily chart with a possible bullish MACD cross, which would normally indicate a ‘buy-in opportunity’. On the other hand, Barclays’s analyst Moses Sutton actually lowered the price target from $29 to $24, and the stock is below the 200MA and even the 50MA. In the end we will have to see in the coming weeks where $PLUG is heading towards to, as things are not stable yet. 'Would love to see a rounding bottom pattern though 😅
NASDAQ:PLUGLong
by djaanos
1
PLUG POWER END GAMEDuring these times of volatility, inflation fears mean the end of the world for paper hands. But hey, who can blame them. Today we will be examining PLUG POWER. Pretty simple really, the maximum retrace level is 85.4% which is .146. This is equivalent to 13.4-13.7, our target entry. Under ideal conditions, We should see a big breakout from this falling wedge. If we enter the bear market and it keeps dipping then the next target is 8 followed by 3.25. Bull target is 61.8% higher than ATH.
NASDAQ:PLUG
by ILuminosity
PLUG- Future of hydrogen clean energy is uncertainPLUG is arguably the leader of hydrogen fuel cell company. However, there are several concerns that need to be addressed. #1. Hydrogen clean energy is still at the proof-of-concept stage and the natural gas industry seems to be its biggest advocate. Hydrogen gas is emission-free only if it's made by electrolysis from renewable energy. #2. Currently, major renewable technologies include hydroelectricity, solar PV and wind power. Unlike solar and wind power, hydrogen doesn't occur naturally and needs to be manufactured from natural gas. This means that the significant time and cost will go toward setting up expensive infrastructure, storage and distribution networks making hydrogen power much harder and much more expensive to scale compared to solar and wind. #3. Personal transport is one of the biggest application of the hydrogen, yet FCEV (Hydrogen) is steadily losing ground against BEV (Battery Electric Vehicle). The falling battery price and EV tax credit will only accelerate the adoption of EV, further widening the gap between FCEV and BEV. #4. Sky high valuation and recent accounting issues. I'm ambivalent toward PLUG and other fuel cell companies in general. However, I think it is a speculative bet and a good candidate for the swing trade given that one of the focuses of Biden's 2.25 trillion infrastructure plan is renewable power and that investors just love to throw their money on anything related to green energy due to the global decarbonization initiative that aims to reduce the CO2 emission by 50% in 2030. I would initiate a small long position inside the demand zone. Conservative play is to set the target at the daily POC and exit completely. Alternatively, you can sell 50% and keep the remaining position as the potential long-term holding. Do your own research. Not the investment advice.
NASDAQ:PLUG
by Libratus