PLUN trade ideas
Is it time to Plug in?Positives
1. Gap fill's after run up from positive news
2. Oversold Stoch and MACD at major gap turning to the upside.
4. Volume increased
5. Positive Press
6. Up 600% over 12 months.
7. HUGE Customer's signed up
8. Analysts are expecting sales growth of 68% through 2018
9. Big push for clean Energy... the cool stocks besides Bio and Marijuana
10. Positioned to dominate multiple fuel cell transportation markets, which have combined potential revenues of nearly $50 billion in the U.S. alone.
Negatives
1. Oct threat of de-listing from the Nasdaq
2. Underperformed when compared to that of the S&P 500 and the Electrical Equipment industry. (could be a long term positive)
3. Nearly gone bankrupt
4. Still not profitable — yet. Deficit of more than $820 million and has losses of about $20 million for 2013 (estimated). 5. The high costs relative to traditional batteries could ward off smaller would-be customers. That said, the overall cost savings are impressive and there is a long term ROI.
6. Costs are preventing exponential growth.
7. REduction in shareholder value with warrant offerings
Conclusion
I think we are at the feet of a sleeping giant... but as always when playing with giants there are risk. Bookings are up. Demand is up. Just had a pull back from a major run up. I think we will climb up till March 13th earnings...
I think now is the time to add to my starter position. Long since .56 with 2,700 shares.
$PLUG Rebound$PLUG - Made a wicked rebound off 1.50 will use that as major support, gonna follow the price action for the rest of the week... Volume and further PRs validating the companies future prospects to propel this higher...
Updated chart with notes. Likely will see profit taking going into next week unless the bulls continue to push this up. Super overbought and parabolic-like.
Updated daily chart.Notes on chart. Weekly still looks awesome though. Not a bad idea to take some profits and trail the rest.
Bullish Triangle FormedPlug has been in an uptrend for the past year, Nice volume and price movement.
since mid-September, a triangle pattern has been forming with a flat bottom around 0.57, In this scenario for PLUG (General uptrend, triangle pattern forming) I am expecting Plug to break through resistance and find a new support level.
Support at 0.57 has held strong, I predict a POP coming.
Prediction:
Buy @ 0.6 or lower
Sell @ 0.7 or higher
