$PLUG | Bullish Wedge at Key Structure Level$PLUG formed a bullish wedge below a key structure level. Watch for continuation to the upside. Confirmation with a close above the key level, Target $38
PLUG trade ideas
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.
PLUG DAILYPLUG daily chart is looking hot after bottoming and forming a higher low Looking for a clean break and retest of $34 area for long entry
Plug DailyPlug daily chart looking hot here waiting for a clean break and retest $34 for a long entry
PLUG Bullish It looks like the EV sector is gaining some volume and PLUG is on its way to its old levels. The consolidation between the last major wave and this one is a very good sign for me that the volume and momentum of this stock is going to be maintained going forward. Still early in wave 3 so an entry now would still give you a good R/R. As always manage your risk and pay attention to the overall market.
Plug Power - PLUG - Another higher High will confirm up trendPlug Power - PLUG - Another higher High will confirm up trend - Can PLUG make a power move upward?
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!
$PLUG PT 60 and higher (HCW investment)Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a liquid hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing internet of things-based maintenance and service program for GenDrive and GenSure fuel cells, GenFuel hydrogen storage and dispensing products, and ProGen engines; and GenSure, a stationary fuel cell solution that offes modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzer, an hydrogen generator optimized for clean hydrogen production. The company offers its products to retail-distribution and manufacturing businesses through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
PLUG ready to charge to a new bull run? PLUG might be instore for a strong rally. If earnings go well we can see possibly 31.90 which is the .236 level on my Fibonacci retracement. from there we can see a break toward 35-36 by end of the week. I do not expect earnings to make a strong jump because it might make this an unhealthy set up. A nice steady rise in price will always have a better outcome for a strong rally. if it breaks out from this formation then the move will be invalid. my target by end of week or even until end of month is between 35-37.
🔌 PLUG 6/22-7/9 Trade Plan 🔌 🔌 PLUG 6/22-7/9 Trade Plan 🔌
📈 Long Above SL 30.60's
🎯 TGT near 31.50's, 32.70's, 34.30's,
❌ SL 30.60's
📉 Short Rejecting 29.70's
🎯 TGT near 28.70's, 27.60's, 26.70's
❌ 30.30's
✅ Trend Line Confluence from May 2021 Lows.
✅ Earnings Report coming up on tomorrow morning, June 22nd.
Wait for a Confirmation before Entering.
My View on Plug Power (UPDATE)PLUG is currently trading at $29.17. Stochastic hit oversold, Price action seems like a reversal pattern.
Support line $29 is very strong, I thought this is a good time to enter. Target is the same as the previous post $47 - $48 for the 1st target.
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This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.
Another leg up?PLUG started reversing yesterday and closed above the 50 EMA and the S1 Pivot.
If it reclaims the 20 EMA, it will run once again.
Next resistance: 31.99 (P-Pivot)
Price target: 34.46 (Last high)
Stop-loss: below 28.28 (last low)
PLUG made higher high.I think the attitude will turn very bullish sooner than later. The higher low may but I think this is a good one to hold on to for several months, and it could be at a launch pad right now.
My View on Plug PowerThis company is very potential. I enter when the RSI hit oversold and strong support level at 19$, take profit after 80% gain.
It would be backtest the $24 - $25 before bounce to my 1st target $48. I thought it would make a new ATH after 2 years.
This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.
$PLUG Important Price Level PLUG looking to make its next move that will be determined by the price action in the coming week, we have a very decent bullish setup with a nice trading range that gives solid risk rewards profile. As you can see we have multiple areas of support and resistance and are currently sitting on the $31 support level, a very important price to hold. More bullish sentiment is a bounce off its 200DMA that can carry this higher short and long term.
In the next few trading days we can expect one of 2 things to happen. Holding 31$ and a push towards $35 again would indicate a long term downward channel breakout attempt. ADX supports the movement and breakout as well. Second thing that could happen is market isnt ready to take this higher yet, and we see another retest of $25 range to form a double or triple bottom for a breakout in the future. Watch closely.
