PLUN trade ideas
PLUG Power volume based analysis - 3 targets before 80$ and moreThis is a volume-based analysis on Plug Power PLUG.
The stock went parabolic (again) and had an impulse wave for the 7 trading sessions and reached 73.90 as 52W highest high. PLUG stock has a lot of” buzz” at the moment and it’s just resting before another wave to 82$ at the end of it. Now the PLUG is giving some gains back and closed on 60.14, but this is far from over. So the volume shows that we have a lot more upside.
Volume:
PLUG 3 months Avg volume per session: 40.66M
PLUG volume surge -the beginning of impulse wave (1.7): 100M
PLUG volume peak -day of 52W (1.13): 142M
According to the volume, I set 3 targets:
Target 1:
stock can retreat to the 52$ line, and then converge 52.5$-60$ (Accumulation).
Target 2:
Accumulation ends, stock rallies breakthrough 61$ to the 67$ line.
Target 3:
From 67.8$ to 72.5$ there is convergence again – the area needs to be tested.
Target4:
Break 74$ (h/h) and start a new cycle.
The stock has a target price of 85$, and it can easily happen, considering these market conditions but I think the stock will start moving much slower above the 70$ line, buyers will become more hesitant and PLUG will need to “park” there for a while.
All things considered, we are very bullish on the company and even 100$+ is achievable, all a question of how long you are willing to wait 😊
Happy Weekend stay safe.
PLUG#PLUG has a massive spot to the upside Weekly zones look good for holds, I'm expecting a move to the upside here soon.
Notables for PLUG
Here we have a falling wedge, creating pressure to the downside around the 1.618 area. IF area around W formation holds, we should see some good movement to the upside back to the 50 level of last swing low/high. Expect push to the upside, retracement, then wick off of nose for the extended W formation.
RSI hitting a big resistance/ trendline resistance toogreat longterm play! and congrats to everyone who made money off calls or shares this week :) but its gone up almost 100% in a under 10 days!! remember what i always say, short gotta eat too ! dip entry is at 50 with a stop at 45 after that we can target 80 on the next bullish wave. goodluck as always friends! leave a like :)
PLUG Long on Dips Joe Biden's energy plan focuses on R&D for clean energy, tax credits to speed ... credit for job growth in renewable-energy could give alternative energy player like PLUG a boost. Look to establish longs with drops into 51-44.5 rage. Wave Count invalidation at 37. Trade Execution in Video Update.
PLUG - Trend AnalysisIs plug reversing? A Doji candle (day candle), price is far from EMA 200 and trend line, volume, and in overbought zone ?
plu\g pullback short i cant show lower time frames but im sitting at limit 68.50 adn 69 SS, stop above high
PLUG: 3 exit strategies you can use now!Hello traders and investors! Let’s see how PLUG is doing today!
The stock is performing amazingly well, and so far, we didn’t see any reversal or pullback signs around. And I got some strategies you can use here if you are anxious or afraid of a pullback.
First, I would put a trailing stop on the previous day’s low, and if PLUG closes under it, I would just get out of it and wait to buy back after a pullback to the 21 ema. Or I would use the hourly chart to guide me:
As long as we don’t see any bearish pattern around, we are fine. PLUG is in a strong bull trend, doing higher highs/higher lows, and you could wait for a bearish pivot to appear to sell your position.
Or you could wait for it to lose the 21 ema in the hourly chart , if you are more anxious.
But since PLUG is in a very strong bull trend, if it drops, I would only see an opportunity to buy more. Pullbacks are different from reversals, and just like Dow stated on the 6th tenet of the Dow Theory: The trend will persist until a clear reversal occurs.
If this analysis helped, remember to follow me to keep in touch with my studies, and please, support this idea if you liked it! You’ll find more analyses on the links below.
Thank you very much.
IF you dont like OIL then look at PLUG POWERPlug power doing some pretty cool things with Hydrogen Cell Batteries, and is growing fast. This price will likely be a steal in the next 5 years..
Read up on them..
Live Intraday Trading - Shorting "Plug" with market trend !!!SPY was too volatile when it started in the morning session . I was eagerly waiting to short Plug when I saw it opened higher with the gap .
It was just amazing for me when market too started going in the direction of my stock . Finally , I got what I deserved .
Short Plug ?Hi. first let me say that long term, i think plug is great and has massive potentiol
BUT, monthly RSI is 98!, that is way overbought, including Massive gaps on the Daily Chart
in addition, the S&P 500 is looking week, and we are anticipating a big correction Down.
i would wait for a more reasonable Price at aroung 40$ or less
Time to short PLUG?PLUG has kissed its fib extension and has doubled in value over the past 6 days - time for a breather?
$PLUG Monthly RSI of 97....Plug Power currently has a monthly RSI of 97.... I would argue that now is not the time to be purchasing shares for a long term investment.
100-150 could be the short term target for plug power While PLUG has had one of the best performance of the last year it could doubled in the next several weeks!
Plug went parabolic without meWhere this goes is TBD.
I saw the news on plug and threw down a few shares on black. Turned my attention elsewhere. I guess a bunch of other folks saw the same news and the stock has gone parabolic. I would not FOMO at this point unless there is some specificity around the speculation.
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analysis on the smaller timeframe, PLUGreclaimed its uptrend after a short trap at the open, we need this momentum continues/trend to remain bullish... that + 54/55.98 resistance breaking and plug has potential to cross 60-70+ this week!
congrats to those who got in!plug is the definition of a parabolic breakout with no signs of slowing down, ive seen stocks go 2-100 in 3 days, dont be surprised if plug crosses 100 and makes a run for 200 one of these days. goodluck to longs here. and congrats to the diamond hands !
My ideas on PLUG for what its worth if a pullback begins MondayJust joined the TradingView group and so far I'm in heaven, you all are awesome.
With that gain we had this week, I find it hard to not witness a healthy pullback beginning early Monday.
I'll be watching for a quick scalp off the 23.6% and then a much larger entry at the 38.6% (with options)
What are your thoughts coming into the next couple days in PLUG?
Goodluck out there!
Plug Power Stock AnalysisTechnical Analysis: The idea is to go long, following the major Trend
Possible Support Level 47.5 USD and 50usd
Fundamental Analysis: The Idea is to go long
Plug Power announced on Thursday a partnership with the Korean-based SK Group.
Marsh said Plug Power's mission continues to be expanding the green hydrogen economy and their partnership with SK in Korea is another step forward in that mission. He said the conglomerate chose to work with Plug Power because they could "do it all," from building hydrogen fuel stations, to generating green hydrogen and even backup power facilities.
NASDAQ:PLUG
PLUG: Key Points to keep in mind!Hello traders and investors! Let’s analyze PLUG today! I never did a public analysis about it, so, it’ll be my first time here.
First, we have a quite strong bull trend in the hourly chart, and we have some key points to keep in mind. The black line is an interesting point, as it was a resistance in the past, and a pivot point , so it is a good support candidate if PLUG corrects. Also, we have the 21 ema pointing up, which is another good sign.
We have a classic Breakaway Gap , which was the trigger of this movement. This tells me that the bull trend will persist a little longer, but we can’t discard that it’ll do pullbacks in the future. If you are afraid of a pullback, just look the daily chart:
Ok, so we can see the $ 46.95 from here too, but if PLUG loses this point and drops more, we’ll have a strong support area near the purple line region and the 21 ema. If PLUG hit there, I think this would be just an opportunity to buy (or buy more).
I know we may have an Evening Doji Star candlestick pattern if it closes this way, but again, if triggered, this would be a pullback sign, not a reversal sign.
Another thing to keep in mind is the high volume during this bullish leg, which is another good sign. This bull trend is real, so, pullbacks shouldn’t scare anyone around. If this movement had low volume, then it would be just speculation.
Remember to support this analysis if it helped you and follow me to keep in touch with my daily studies.
Thank you very much.
