PLUG - GREAT Buy Opportunity, IF ... !!!Hello! Friends,
This would be a great Buy Opportunity, IF NASDAQ:PLUG breaks up the Resistance line at $9.66 (with a whole Candle) !!
PLUG trade ideas
$PLUG Power Upside Targets
Potential long above $12.40
Upside targets as per Fibonacci levels.
Historical rice resistance is very limited above this level
PLUG power price action forecast for next week!Our cycles analysis indicates the following forecast for price action this upcoming week! Will be utilizing 10$ strike Put and 13$ strike Call options for 8/21 and 8/28, respectively!!
Ultimately headed to 22-25$ per share by end of September 2020 in our view!!
Let us know your views in the comments below!!
$PLUG Power Gap above & Below
Bulls will be trying to fill the gap above and avoid considerable loses if the price drops below $10.00
Upside short term target to fill the gap @ $11.25
$PLUG Still has some power to go higher
Possible long on break above $12.20.
Next major pivot $13.50
Limited upside resistance to $15.50.
Stock is overbought but still popular among day traders
so technical indicators possibly not as relevant.
Care needed as support is weak and well below current levels.
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PLUG surging above $10!PLUG has been in a strong "Go" trend and has now broken out of a corrective trend channel to the upside.
The prior bar was enough to give a low risk re-entry on the GoNoGo Trend chart.
Having moved sharply up it has eclipsed the highs of the consolidation pattern and now should find support around the strong psychological level of $10.
What are the GoNoGo Indicators?
The GoNoGo Trend indicator blends traditional trend concepts to color price action according to the strength of its trend. The colors range from *bright blue (strongly *bullish) to dark *purple (strongly *bearish)
The GoNoGo Oscillator blends traditional *momentum concepts to demonstrate the velocity of price action. The oscillator ranges from -6 (extremely *oversold) to +6 (extremely *overbought)
PLUG potential reversal Two possible reversal zone to upside
1. $7.42 simple ABC target
2. Fib Retracement level of 0.618 ($6.37) and also previous peak (Feb 19, 2020) could offer support.
$PLUG Plug Power - Downtrend Breakout on 2x Avg Volume$PLUG Plug Power - Downtrend Breakout on 2x Avg Volume
A pull-back and retest of the downtrend line as support is possible later this week. A successful retest would be the ideal entry point.
Target: $13.00 possible by Sept
*Assumes a positive ER coming later this week.
Note: Not investment advice.
PLUG 4h, Fade Retail EuphoriaI don't usually post my stock/options trades but I wanted to point this one out. I decided to short this stock with a Put Option after a college-aged kid told me how hyped he was that this stock was "going up like crazy!". He said he put all of his money into it. My immediate thought was that he probably read about it in the news, got FOMO, and was caught up in a euphoric state thinking he is going to get rich quickly. I told him to be careful and to consider taking some profit because it can go down as fast as it went up. He glitched, giving me a blank stare for a second as if that wasn't even an option in his mind, then assured me it was going to "go up a ton more". If figured if he is this hyped there are probably a million other people like him getting in at the top. After doing my research I found out the company has not even turned a profit yet and just happened to be downgraded by Barclays before the market open today. Considering all of this, and after looking at the technical level on the chart, I decided it was probably a good idea to fade the retail euphoria.
United hydrogen and plug power Plug Power recently acquired United Hydrogen Group, one of the largest privately held merchant hydrogen producers in North America. It was the first independent company to offer a full suite of capabilities in liquid hydrogen production, distribution and logistics.The company has the capability to produce 6.4 tons of hydrogen each day with plans to increase that capacity to 10 tons daily in the near future, as well as plans for further expansion. With the two companies coming together we will be able to advance the hydrogen economy faster and more efficiently-Via PlugPower
love plug for the futuregood company not enough confidence to short at the moment
waiting for long entry
price target 5.50-6.08
stop loss 4.92
PLUG bull flag breakouttargets 15$ but considering the economic situation i wouldnt wait that long to tp
$PLUG:NASDAQ - PLUG POWER - Hydrogen Fuel CellsPlug is up 190% over the last 12 months and as an alternate energy source to fossil fuels could be worth a look.
Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997 and is headquartered in Latham, NY.
Buy @ $6.08 and Sell @ Rise $7.88PLUG should fall to 6.08$ in Few days
& then rise again to $7.88
RSI is OVER bought @ 78
Trading Strategy
Buy @ 6.09
Stop Loss @ 5.14
Sell @ 7.75
DON'T Fall in LOVE with this stock. Collect your profit and move on!
PLUG-Short term correction, Long term bullish trendLast week PLUG hit a weekly resistance trend line. PLUG has been up 120% in the last month. It has a RSI of 80 on a weekly chart. In my opinion, it is due for a correction in the short term, but will remain bullish in the long term.
