4PLUG trade ideas
Put Credit Spread - PLUGGreat support level for a buy, the option charts looks chart great as well.
IV Rank is above 20, therefore I will be selling premium, break even is at 24 if it goes drop down below my sold Put option of 25.
Closing my trade at 50% profit, so I will be making $60 if it goes my way.
$PLUG reversal $28-$24- End of wave 5 = 28-24
- 200 SMA support = ~26.50
- At/past the 0.618 retrace of the previous move
A reversal here should bring new ATH's later this year. Could be right around the end of august, as Sept is usually a bad month for returns.
PLUG 15MNBULLISH Butterfly for SCALPING
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
PLUG LongPossible double bottom
Next demand Zone (27) is a better long entry point
Entry 39
Stop 33
Target 65
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
$PLUG Technical Analysis (Beautiful setup)Plug Power could be ready to set up a bottoming formation here, coming to the end of this 5th wave.
Setting up beautiful for a buy. I labeled the buy zones.
Entry and exit points for $PLUG Power (Swing Play 6 Weeks time frame)
Collect profits up 20-50% and cut loss at $25.
Probably good midterm buy opportunityThe reason behind it is following confluences:
1. FIB 50% retracement ;
2. Weekly demand zone- strong imbalance, where started strong move up.
$PLUG #PLUG BulIish $PLUG #PLUG
BulIish LongTime
In: 33 - 37
Target Price: 50 - 53
Stop Loss: 28 -30
$PLUGPrice is on the buy zone. Might see some bullish move if market favours us and turns green. Currently sitting at a pretty good price and some good volumes coming in. keep it on ur watchlist. Has the potential to pay good.
Trade Safe.
Get in around 27-28$ Dollar PLUGI see a strong support around 27-28$ dollar relating moving averages, because the last MA was already broken and the next leg would be 106 $
Like if you agree and follow
Fell free to follow.
PLUG POWER is still my favorite2 DAY CANDLES are hard to fake out but it happens
take a look at the daily compared to the 2 day
imo even the most conservative profit taking is 100%
how wonderful!
please comment for questions or concerns
always never financial advise
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!
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.
$PLUG Power It May be a buy the dip opportunity.
After a 8% drop during the normal trading session some less than positive news has resulted in a further 15% drop in the after-hours session.
That dip has however hit some major supports which may just be enough to entice bargain basement buyers.
We have confluence of support from the rising trendline and a notable volume shelf.
Lets see what tomorrow brings and whether analysts go into offence or defensive mode.
Plug Power (2 Week Heikin-Ashi Candle)Plug ONE.1 (Destiny 1)
Cant say I know any fundamentals of this project so please DYOR
Ive never seen a graph so BULLISH!!!
