The best 10 penny stocks to buy in 2018...This recommendation is on Marketbeat. Let's look at the technical analysis point of view. The movement of the exchange rate carries the characteristics of fractal movements. He is currently building a 2x fractal. The exchange rate moves sideways in a yellow rectangular area. We expect pulse wave structure from this range. The theory of correctness can justify if the exchange rate breaks through the purple line, which is the axis of the exchange rate D1 ATR. As long as this does not happen it is advisable to wait. But when it happens, the exchange rate can suddenly be switched to "impulse", suddenly increased with ATR. Which results in strong volatility. The primary target price is 5.56 usd. The second predicted target price may be around 10.73 usd.
PLUG trade ideas
PLUG will see a decline, testing support, and then rise.Stock Description
Plug Power Inc. [ PLUG ] is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company's product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell power. GenDrive is a hydrogen fueled proton exchange membrane (PEM) fuel cell system. It provides power to material handling vehicles. GenFuel is a hydrogen fueling delivery system. It is designed to allow customers to refuel its GenDrive units for productivity. GenCare is an ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. ReliOn is a stationary fuel cell solution. It provides scalable, modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation and utility sectors.
Latest News
BRIEF: For the six months ended 30 June 2018, Plug Power Inc revenues increased 75% to $63.2M. Net loss applicable to common stockholders decreased 34% to $45.7M. Revenues reflect Revenue Sales of Goods & Services increase from $10.8M to $32.1M, Fuel delivered to customers increase of 61% to $12M, Revenue Sales of Goods & Service increase of 35% to $13.8M.
Support & Resistance
When analyzing the support we can see 3 important areas.
° A support zone ranging from 1.93 to 1.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
° Support @1.88 from a trend line in the daily time frame.
° Support @1.84 from a trend line in the daily time frame.
We can see 3 important resistance areas.
° A resistance zone ranging from 1.98 to 1.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
° A resistance zone ranging from 2.15 to 2.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
° Resistance @2.23 from a horizontal line in the daily time frame.
Fundamental Analysis
PLUG is expected to show a strong growth in Earnings Per Share. In the coming 2 years, the EPS will grow by 49.96% yearly.
PLUG 's has grown by 51.40% in the past year. This is a very strong growth!
PLUG has an average volume of 2552070. This is a good sign as it is always nice to have a liquid stock.
In the last month PLUG has a been trading in the 1.83 - 2.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PLUG is a bad performer in the overall market: 78% of all stocks are doing better.
PLUG is one of the lesser performing stocks in the Electrical Industrial Apparatus industry. 85% of 13 stocks in the same industry do better.
PLUG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
PLUG Power, INC. Breakout potential, overlooked company.Lets keep it simple. With my non legal advice!
PLUG, recent partnership with Amazon would just be the start, as they have huge deals already with many other big names.
In the new era of investing, we seem to be leading towards the energy sector. PLUG has been creating cell power. This is extremely efficient then current battery options, especially for retailers such as Amazon, who plan to use this alternative source to power their forklifts for faster production and less downtime on the lifts (yes its actually a problem).
Among the many other uses for cell power, lets get to the point.
We have our wedge reaching its point of decision time. Breaking out seems inevitable, but maybe one more small pullback to the bottom of the wedge towards the 618 @ 1.75 area. A small selloff before earnings 8/8/2018 seems realistic before the breakout.
On the WEEKLY, with huge buy signals before march, to follow the WEEKLY squeeze for the last month.
We have the first DAILY positive momentum change since the beginning of June, approaching the end of the wedge.
The Ichimoku has been getting poked, and on smaller time frames like the 4 hour seems to be leaning towards bullish.
I labeled my buy zone in green, and for short term profits into the new year, sell targets around the 2.65 area. This may very well break out much further, but i like to take profits.
If wedge fails, ill look for support closer to 1$, but we can get to that if it happens.
Happy Trading, debating, and speculating. I want everyone to win!
PLUG LONG BUYGeorge McNamee, chairman of Plug Power's board of directors, purchased 200,000 shares of Plug stock worth more than $426,000 in September.
McNamee now owns 661,131 shares of Plug’s common stock, according to a U.S. Securities and Exchange Commission disclosure filed on Monday.
CEO Andy Marsh has been working to make Plug profitable for the first time in 20 years. He came to Plug Power in 2008 with an overhauled business plan and has spent the last nine years converting Plug from a research company into a manufacturer. (bizjournals.com)
Looks like trend reversal already happenedAfter falling for a long while, price seems to be recovering and raising again.
After the breakout, it trys to form new highs. Wait for the confirmation of a new high, then let the pullback come and enter as price goes up again. At least thats how I do it.
EMA 200 tells us to go long as well, for me not a question, all signs point to the sky
Cheers and good trades to all of you.
Always make your own analysis, don't just trust anyone!
Bought a little PLUGPLUG has corrected from its April burst in what appears to be a bull flag. It has allowed the 50 dma to catch to the price and 10 & 20 dma. Today it burst higher through all of them.
Maybe the 3-year downtrend is reversing, resuming the larger uptrend started in 2013. Who knows? Just another small bet in the game.
Bought 2.07, stop below the 10dma around 1.92. Risking less than $100 for now.