4PLUG trade ideas
$PLUG IH&S$PLUG retraced 70% from it's all time highs during this 2021 - Now looking at it's price action its seems that it has bottomed already - wait for a higher low and a break above $30 and the 200 MA to confirm IH&S pattern. Feel free to long above those levels when this happens. Earnings might be the catalyst for the break. I will keep an eye on this name.
$PLUG Earnings playI believe that the reaction to PLUG's earnings will create a break from this ascending triangle either the downside or the upside. Whichever direction seems fit I will either hold my Leaps that I'm in or I will hedge them with puts. I am fine with either direction but I see a break will happen.
$PLUG Possible Reversal IncomingClosing in on trading around the VPOC. Resistance at $30. Would love to see a break and retest for a healthy reversal. If not, expect a move back down towards support and an Inverse H&S to form. Depending on what happens at $30 we might see a reversal.
Plug Power | Important PositionAfter a long time, it is time for another $PLUG TA. It is an important week for the fuel cell manufacturer, as the company is estimated to report earnings on coming Thursday, May 20th 🔌🚀
Just to reflect on the chart of last months, since the 26th of January, $PLUG was unfortunately not able to get any higher highs. Completely reasonable, as the stock had to cool off after a period of massive gains. But the stock plunged in these last three months with lower lows, followed by lower highs at all times. Bad news made it even worse for Plug Power, such as a slower than expected adoption of hydrogen fuel cells, a delay in publishing its financial report, a filed shareholder lawsuit, weaker than expected Q1 targets, and profitability which is a problem that exists for such a long time. On the 11th of May, $PLUG stock even dropped below the $20 PPS. However, it recovered a little bit and is currently trading at PM for $24.19 PPS. A higher high is a must at this point to even start talking about a forming bottom at $18.47 and further recovery. First target will be around the $30 PPS where a higher push is needed than the 29th of April’s high. Otherwise, it is highly possible that the stock could go down even further.
But it looks like the sun will shine again after the storm. Plug Power is planning to expand its businesses in Asia through a joint venture with previous investor SK Group, multiple collaborations like with BAE systems, and lots of analysts are rising their average price target for $PLUG. In addition, the stock is also oversold on the RSI on the daily chart with a possible bullish MACD cross, which would normally indicate a ‘buy-in opportunity’. On the other hand, Barclays’s analyst Moses Sutton actually lowered the price target from $29 to $24, and the stock is below the 200MA and even the 50MA. In the end we will have to see in the coming weeks where $PLUG is heading towards to, as things are not stable yet. 'Would love to see a rounding bottom pattern though 😅
Plug - finally the break out ?Plug - I thought it would bounce back first.. but maybe that was finally the break out .. ready for a healthy n slow gaining
PLUG POWER END GAMEDuring these times of volatility, inflation fears mean the end of the world for paper hands. But hey, who can blame them. Today we will be examining PLUG POWER.
Pretty simple really, the maximum retrace level is 85.4% which is .146. This is equivalent to 13.4-13.7, our target entry. Under ideal conditions, We should see a big breakout from this falling wedge.
If we enter the bear market and it keeps dipping then the next target is 8 followed by 3.25.
Bull target is 61.8% higher than ATH.
PLUG potential super boom for patient investorsStocks are an instrument to allocate money from inpatient investors to patient investors. Plug could be a chance for everyone to become a millionaire in next two years. Just invest and hodl. No financial advice 🦍💎🤲
PLUG about to break resistence, and 450 EMA testedHere an interesting idea, PLUG is about to break big pitchfan resistance.
PLUG has reach daily 450 EMA wich is very important support reference.
I have opened new posistion.
Any opinion?
Good luck.
Israel
$PLUG Target 51.75 for 42.05% $PLUG Target 51.785 for 42.05%
Or next add level is at 21.11
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
$PLUG Daily - Price Target Roughly $13.88Bearish on $Plug; my price target is in the low teens, $13 seems ideal for buyers to step back in.
$PLUG Bullish pattern but with high volatility targeting 33-42 Details on The Chart. After breakout falling wedge pattern, its consolidated for 4 days between 27 and 30 . It could take other couple of days before this tight consolidation is broken then more likely bullish wave targeting 33-42-52-64 . main resistance is 33 and 36.6 then it should be easy :) but if it goes down below 27 then possible to visit 20.6 or even lower between 15.5 and 16. RSI and MFI are good but not bullish yet. there is gap at 42.
PLUG Triple Bullish Divergence at key support levelI believe corrective wave on PLUG is over after reversing at key support trendline. Triple Hidden Bullish Divergence on daily timescale MACD to boot. First target around $40.
PLUG - Might take some averaging but a bounce is in sight! Falling wedge with three breakout zones. 21.87, 18.84, or the scary shakeout area where they break it down out of the wedge and you think the stock is doomed at 13.71. If buying in shares, these would be my levels to buy/add and my biggest purchase would be at the 13.71 area if it came. Looking at the indicators, both MACD and MFI have bullish divergence and for PLUG, it's just a matter of time before bounce as it is very oversold.
PLUG - RECOVERY TRIANGLE - SHORT TARGET TP1 36.95Diamondback Energy Inc. (FANG) Prediction
Pioneer Natural Resources (PXD) Prediction
Plug Power (PLUG)
Williams Companies (WMB)
REASON: The world is changing the way energy is produced, and changes in consumption patterns related to the pandemic have only accelerated the changes. Production with less carbon and no carbon is increasing, so look for companies that can gain from their contributions to California's new electric vehicle mandate. In addition, I looked at energy stocks that offer above-average dividends to help boost other sectors in my portfolio and may be good buys with today's discounts, but they need a longer lead to show returns at more normal levels.
