PLUG showing potential upside, but leaning to a check of supportIn looking at the daily chart I'm leaning towards a final check of support into the upper $20s (PT's listed on chart) before regaining a steady uptrend.
Looks as if PLUG breaks below $34 again with rejection to upside, it won't find demand until at least $28 and change, with a final downside potential move at $25.70-$25.92.
If it can regain demand above that 120mil candle that failed, there's a nice little gap to push $43.16-$44.76; with a final upside potential of $47.25-$47.85 for that move.
Overall I feel that the red trendline below the current price action needs to be tested for equalization in order for a steady move up in the future. This is due to the lack of consolidation from that original move up in NOV 2020
PLUG trade ideas
Plug testing resistance, ready to move lower?Plug fell out of the Go trend that it was in for much of the last year and has been in an established NoGo trend now for several weeks.
As the NoGo trend was about to take hold, the GoNoGo Oscillator broke below zero and has stayed there ever since, finding resistance at the zero line as we know it should when the NoGo trend is healthy. Now, the recent rally in price has brought price back to levels that have acted as support and resistance before, clusters of supply and demand . At the same time, the GoNoGo Oscillator has risen to zero and we will look to see if it gets turned away again, leading to another leg down in price.
Plug Power, Brookfield Renewable to build green hydrogen plantPlug finally having a good day up 10% as I'm posting this. I have a strong belief in Hydrogen as a future energy source so have been holding onto Plug despite being down 10% from my buy price. Its one of those more emotional type trades for stocks that I just like having in my portfolio. I have a stop at $30 which was a pretty strong support area in the past, and with so much upside back to old highs, I'll keep hanging on :)
PLUG rebound to 50 NASDAQ:PLUG
Hello, TradingView community,
This is my very first Stock analysis on PLUG.
We have seen a big correction to 30ish. If PLUG would break the triangle, I hope we could see pull up.
I think the PLUG has a very bright future and this is a big opportunity to entry at these levels.
We just need patience and the time will pay off.
As I said before this is my first idea so don't take it as FINANCIAL ADVISE.
I wish y'all happy and profit trading days
Put Credit Spread - PLUGGreat support level for a buy, the option charts looks chart great as well.
IV Rank is above 20, therefore I will be selling premium, break even is at 24 if it goes drop down below my sold Put option of 25.
Closing my trade at 50% profit, so I will be making $60 if it goes my way.
PLUG LongPossible double bottom
Next demand Zone (27) is a better long entry point
Entry 39
Stop 33
Target 65
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
$PLUG Technical Analysis (Beautiful setup)Plug Power could be ready to set up a bottoming formation here, coming to the end of this 5th wave.
Setting up beautiful for a buy. I labeled the buy zones.
Entry and exit points for $PLUG Power (Swing Play 6 Weeks time frame)
Collect profits up 20-50% and cut loss at $25.