Plug rally.. Channel and FibDaily channel on plug.. Double bottom break out today (Redline) . Went up huge in the aftermarket which would put it outside it's on a breakout.. RSI ain't the best MFI is decent.. Fibonacci targets are greenlines.
PLUG trade ideas
PLUG, MACD Histogram just turned negativeThis is a Bearish indicator signaling PLUG's price could decline from here. Traders may explore shorting the stock or put options. Tickeron's A.I. dvisor identified 43 similar cases where PLUG's MACD histogram became negative, and 36 of them led to successful outcomes. Odds of Success: 84%. Current price $32.40 is above $23.85 the highest resistance line found by Tickeron A.I. Throughout the month of 12/01/20 - 01/04/21, the price experienced a +31% Uptrend, while the week of 12/24/20 - 01/04/21 shows a -10% Downtrend.
Bearish Trend Analysis
The 10-day RSI Indicator for PLUG moved out of overbought territory on December 28, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In 30 of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at 86%.
The Stochastic Indicator may be shifting from an upward trend to a downward trend. Tickeron A.I. detected that in 40 of 52 cases where PLUG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 77%.
The Moving Average Convergence Divergence Histogram (MACD) for PLUG turned negative on January 04, 2021. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In 36 of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at 84%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PLUG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 78%.
Plug Power $PLUG - investment idea 💡 Beautiful discount 👌
This idea is based on my technical analysis only.
Do your research and trade on your own risk!
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green energy is the new future of the world. inevitable.
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important note: It is not investment advice.
goodbye PLUGFib retracements see PLUG going back down to 30. Especially with market sentiment and the hammer doji at the top. Hammer down possibly
looking for a small dipi sold my shares way too early smh. looking for a dip buy around 29-30, id put mental sl and 26-27 and target 35 after entering. goodluck to longs here :) pt 100 in 2021?
Profit_Taking_4_PLUGPLUG and FCEL making waves but the ebb and flow of the market needs to look at Fundamentals and pick winners and losers...STILL, an impressive YTD return for both stocks in the fuel cell sector and may need to correlate with other stocks in the sector.
$PLUG Harmonic pattern with all the hype to EV car sector $PLUG looks like it's run on repeatable harmonic patterns along with 50MA
PLUG Ascending TriangleAnalysis: PLUG never ceases to amaze me. Technically, I think this has more to go. It's set up nicely near the apex of an ascending triangle that has been forming for two weeks. Today's candle showed a hammer formation with buyers stepping up end of day to take back control. However, volume has been tapering lately which is a concern. Either side could step up and push this stock.
This has been flirting with the upper resistance level the entire triangle. I'm thinking a small pullback tomorrow to test the 8 EMA. If it breaks resistance at the $28.70 level, I want to see heavy volume lift it past resistance.
Strategy: I've been a PLUG holder for a while now. But I, personally, am going to pick up $30 calls with Friday expiry if this touches into the 8 EMA. There's a good amount of liquidity weighted to the call side. Whole numbers are the hot spot due to its psychological effect. Please note, I am not an advisor. This is my opinion. Leave a comment, though, and tell what me your thoughts!!!
PLUG- Closed over weekly H&S Shoulder from (2008)PLUG- Closed over weekly H&S Shoulder from (2008)
Important closed. Overhead important closes overhead.
PLUG(daily)- Falling Wedge BreakoutPLUG(daily)- Falling Wedge Breakout of a
Point & Figure off 5 bounce off 20 year support trend line & close above midline regression channel.
RSI Breakout
Simultaneous RSI Breakout on Daily and Weekly. Inverse H&S RSISimultaneous RSI Breakout on Daily and Weekly charts. Inverse Head and shoulders RSI- Weekly
Quad bottom Weekly Bars
Bias: Directionally Up. (IMHO)
Owned by ARKK Investments
(Lovely Cathie Wood- top investor, TSLA investor.)
Simultaneous RSI Breakout on Daily and Weekly. Inverse H&S RSISimultaneous RSI Breakout on Daily and Weekly charts. Inverse Head and shoulders RSI- Weekly
Quad bottom Weekly Bars
Bias: Directionally Up. (IMHO)
Owned by ARKK Investments
(Lovely Cathie Wood- top investor, TSLA investor.)
PLUG, MACD Histogram just turned positiveThis is a Bullish indicator signaling PLUG's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron's A.I. dvisor identified 44 similar cases where PLUG's MACD histogram became positive, and 35 of them led to successful outcomes. Odds of Success: 80%. Current price $32.90 is above $15.50 the highest support line found by Tickeron A.I. Throughout the month of 11/16/20 - 12/17/20, the price experienced a +22% Uptrend. During the week of 12/10/20 - 12/17/20, the stock enjoyed a +12% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 15, 2020. You may want to consider a long position or call options on PLUG as a result. Tickeron A.I. detected that in 67 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 80%.
The Moving Average Convergence Divergence (MACD) for PLUG just turned positive on December 17, 2020. Looking at past instances where PLUG's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 35 of 44 cases over the following month. The odds of a continued upward trend are 80%.
Following a +0.88% 3-day Advance, the price is estimated to grow further. Considering data from situations where PLUG advanced for three days, in 186 of 229 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 125 of 167 cases where PLUG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 75%
