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4PLUG trade ideas

Plug testing resistance, ready to move lower?Plug fell out of the Go trend that it was in for much of the last year and has been in an established NoGo trend now for several weeks. As the NoGo trend was about to take hold, the GoNoGo Oscillator broke below zero and has stayed there ever since, finding resistance at the zero line as we know it should when the NoGo trend is healthy. Now, the recent rally in price has brought price back to levels that have acted as support and resistance before, clusters of supply and demand . At the same time, the GoNoGo Oscillator has risen to zero and we will look to see if it gets turned away again, leading to another leg down in price.
NASDAQ:PLUG
by GoNoGoCharts
4
Plug Power, Brookfield Renewable to build green hydrogen plantPlug finally having a good day up 10% as I'm posting this. I have a strong belief in Hydrogen as a future energy source so have been holding onto Plug despite being down 10% from my buy price. Its one of those more emotional type trades for stocks that I just like having in my portfolio. I have a stop at $30 which was a pretty strong support area in the past, and with so much upside back to old highs, I'll keep hanging on :)
NASDAQ:PLUGLong
by zAngus
10
PLUG: Time to buy?Hello traders and investors! Let’s talk about PLUG today! The stock is highly speculative now, so, let’s see what’s going on here, and proceed carefully. Usually, I see drops like this as opportunities to buy . As someone who’s out of PLUG, movements like this caught my attention, yes, but there’s a right way to proceed on situations like this. Now is not time to sell , the time to sell was during our last analysis about exit strategies, nearly 2 months ago, which was a public one and the link to it is below this idea. What’s more, movements like this, caused by news, often don’t change the main trend. I’m not here to talk about news or fundamentals, just Price Action . PLUG is near a support level, and as far as I know, we must buy near supports – but only if the right pattern appears. Since we still don’t know the short/mid-term impacts of the volatility, we must wait for a bullish pattern, be it candlestick or chart pattern, before jumping into any conclusion, and set the appropriate R/R ratio for the trade. Now, let’s see the weekly chart: In moments like this, it is very important to set the R/R ratio and the right size of your position because if PLUG doesn’t react quickly, and it loses the 21 ema, then the next target would be the $ 30.40, or even the $ 22.25. I find it unlikely to drop, because since it did a top in January, the volume was low, mostly below the average, and this doesn’t indicate a real sell-off, just a pullback. All I know is that the R/R ratio is good for the bulls, but there’s nothing to do now, but wait for some confirmation . And if you liked this analysis, remember to follow me to keep in touch with my daily studies on stocks, and if this idea gave you a new insight, please, support it with your like! Thank you very much!
NASDAQ:PLUG
by Nathan_The_Finance_Hydra
16
ADDED to $PLUG Target 63.52 for 32.22% ADDED to $PLUG Target 63.52 for 32.22% Or next add level is pretty close at 32.56 Huge Range on this one also, haha. 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.
NASDAQ:PLUGLong
by SPYder_QQQueen_Trading
2