Daily Wisdom 52 - IDK and IDCPeople's opinions seldom lead to profitability. Or sanity for that matter.
PLUG trade ideas
PLUG Short... Down to $14My fake break out was right and it is going to continue the downward trend. Especially after fundamentals and technicals. There is no reason to think otherwise. Only people pushing PLUG are pumpers. However, Plug is a great market to invest in mid 2021 LONG TERM (3 + years) not 2020.. I have reason to believe the prices will continue to decline.
Plug 10/16 potential play outDouble top pullback
open a long at 16.57
potential take profit at 18.30
PLUG needs to hold trend line or falls back to SMA 50NASDAQ:PLUG trying to breakout here. Under the trend line and we go back down to SMA 50.
Need more volume to go higher.
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$PLUG PLUG Power Fake Breakout Plugf is going down to 14 by eow?Seems to be a fake breakout. PLug is definitely going to 14.5 -+10% How fast? Who Knows?
PLUG is unfortunately taking an "L" Head and Shoulders confirmedGTFOH ASAP check back in February.. Plug may actually have some profits by then. Until then they will appear to be making profits from themold contracts Amazon and Walmart has with them. However, the company is upside down right now and the only way theyll start proffiting ios to gain more clients and interested investors. Until then they are living off of us and that's that.
PLUG $26 targetPLUG has been a pioneer in the alternative energy technology market since 1997. Finally, in 2020 hydrogen and fuel cell systems are getting traction. My near term target is $26. PLUG has an annual EBITDA growth of 24% over the past 10 years and I expect that to exponentially grow into the future. Plug Power plans to build hydrogen plants in the US by end of year 2020. Good luck and happy trading friends.
SHORT ALERTPeople are selling and taking profits are avoiding risk as Hydrogen Day was a fail just like Battery Day, Apple Day and now we will se the steam lost from all the hype. It appears to be a double top. Correct me if I am wrong
PLUG october 16 chartWe held a strong support around 17.50 3 touches
We are bouncing around the fib extensions
0.618 touched .5
target goal is 19
positon: 17.53
3:1 risk reward
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.
RIP Plug PowerWas a nice run with Plug Power.
Made a solid 15% profit, but I am predicting that it is going only downwards from now on. At least for some period.
Stock market has gone full bubble modeA number of speculative stocks went pumptarded again into full bubble mode today. I didn;t think that would happen before an election, but here we are.
FSLY, PTON, BYND, PLUG, BLDP .... if you have any others please comment below
$PLUG Plug Power INCMonthly view
Fibs Added
This stock has been on my watchlist since $7 and I didn't get in till a bit after.
I think this really could fly. Its worth it and now under $TSLA as well, I believe they could probably spread and get large in name aswell.
Going long and I think it might hit that $80 mark if some traders come in to also play the chart up.
#TradeSafe
#InvestSmart
#PLUGPOWERINC
NASDAQ:PLUG
