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PLUG POWER INC

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PLUG trade ideas

PLUG - Might take some averaging but a bounce is in sight! Falling wedge with three breakout zones. 21.87, 18.84, or the scary shakeout area where they break it down out of the wedge and you think the stock is doomed at 13.71. If buying in shares, these would be my levels to buy/add and my biggest purchase would be at the 13.71 area if it came. Looking at the indicators, both MACD and MFI have bullish divergence and for PLUG, it's just a matter of time before bounce as it is very oversold.
NASDAQ:PLUG
by MarketMotion
2
PLUG - RECOVERY TRIANGLE - SHORT TARGET TP1 36.95Diamondback Energy Inc. (FANG) Prediction Pioneer Natural Resources (PXD) Prediction Plug Power (PLUG) Williams Companies (WMB) REASON: The world is changing the way energy is produced, and changes in consumption patterns related to the pandemic have only accelerated the changes. Production with less carbon and no carbon is increasing, so look for companies that can gain from their contributions to California's new electric vehicle mandate. In addition, I looked at energy stocks that offer above-average dividends to help boost other sectors in my portfolio and may be good buys with today's discounts, but they need a longer lead to show returns at more normal levels.
NASDAQ:PLUG
by tdgatti
Added to $PLUG New Target 53.26 for 40.38% $PLUG Target 53.26 for 40.38% Or next add level is at 22.62 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:PLUGLong
by SPYder_QQQueen_Trading
6
Plug... Still in doubt clean energy had a nice week and plug individual price upgrades help move the stock but is the reversal really here? Here are my 3 reasons I'm not convince of plugs comeback 1. This stock is severely shorted with a 20% short float . Anything over 10% is to high. 2. Still below 200ma (Gold line) Got rejected thursday. 3. Needs to break above that downtrend (Whiteline) There is some bullish technical views. 1. they broke through resistance on the RSI which I highlighted 2. Macd is is doing a golden cross 3. And on the weekly chart they finish last week with A Hammer candlestick which is huge for a reversal clues. I'd wait for a move above the 200ma and downtrend which is about in the 30$ range. if it gets rejected Ted short it! 50ma - purple line 100ma - blue line Good luck, lose your opinion and not your money
NASDAQ:PLUG
by ContraryTrader
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