PLUG Ready to : $2callIve been following Plug Energy for a while. They have been making some smart business moves to be profitable. I think its gonna hit $2.10 by mid Sept. Its a good move for small accounts.
4PLUG trade ideas
PLUG Power, INC. Breakout potential, overlooked company.Lets keep it simple. With my non legal advice!
PLUG, recent partnership with Amazon would just be the start, as they have huge deals already with many other big names.
In the new era of investing, we seem to be leading towards the energy sector. PLUG has been creating cell power. This is extremely efficient then current battery options, especially for retailers such as Amazon, who plan to use this alternative source to power their forklifts for faster production and less downtime on the lifts (yes its actually a problem).
Among the many other uses for cell power, lets get to the point.
We have our wedge reaching its point of decision time. Breaking out seems inevitable, but maybe one more small pullback to the bottom of the wedge towards the 618 @ 1.75 area. A small selloff before earnings 8/8/2018 seems realistic before the breakout.
On the WEEKLY, with huge buy signals before march, to follow the WEEKLY squeeze for the last month.
We have the first DAILY positive momentum change since the beginning of June, approaching the end of the wedge.
The Ichimoku has been getting poked, and on smaller time frames like the 4 hour seems to be leaning towards bullish.
I labeled my buy zone in green, and for short term profits into the new year, sell targets around the 2.65 area. This may very well break out much further, but i like to take profits.
If wedge fails, ill look for support closer to 1$, but we can get to that if it happens.
Happy Trading, debating, and speculating. I want everyone to win!
PLUG LONG BUYGeorge McNamee, chairman of Plug Power's board of directors, purchased 200,000 shares of Plug stock worth more than $426,000 in September.
McNamee now owns 661,131 shares of Plug’s common stock, according to a U.S. Securities and Exchange Commission disclosure filed on Monday.
CEO Andy Marsh has been working to make Plug profitable for the first time in 20 years. He came to Plug Power in 2008 with an overhauled business plan and has spent the last nine years converting Plug from a research company into a manufacturer. (bizjournals.com)
Looks like trend reversal already happenedAfter falling for a long while, price seems to be recovering and raising again.
After the breakout, it trys to form new highs. Wait for the confirmation of a new high, then let the pullback come and enter as price goes up again. At least thats how I do it.
EMA 200 tells us to go long as well, for me not a question, all signs point to the sky
Cheers and good trades to all of you.
Always make your own analysis, don't just trust anyone!
Harmonic Targets: $2.33 and $2.97Bullish butterfly completed, then (Friday) stock tested/held support, then (today) 9/21 moving averages crossed.
xdaystogo.com
Bought a little PLUGPLUG has corrected from its April burst in what appears to be a bull flag. It has allowed the 50 dma to catch to the price and 10 & 20 dma. Today it burst higher through all of them.
Maybe the 3-year downtrend is reversing, resuming the larger uptrend started in 2013. Who knows? Just another small bet in the game.
Bought 2.07, stop below the 10dma around 1.92. Risking less than $100 for now.
PLUG Daily Chart LookStill has a good chance to break up; good news recently; I agree that the Amazon deal will pay off.
PLUG Daily chart reviewI bought the news of Amazon's deal with $PLUG; I am seeing things turning up possibly...
The key price for PLUG going in to earningstwo doll hairs.
PLUG had been stuck in a downtrend for 1072 days before getting its bump back in february. two dollars seems to check out for me as an opportune entry point
Longer trend line will most likey prevail on this one.Was hoping for a break out, but I think the longer up trend will eventually win. Will average in a price around the rising trend line and will sell at the upper resistance "red" line.
Could possible be in an uptrend channel. Will be interesting to see if it follows the uptrend to the predicted PT of $3.00.
PLUG Bearishness Waning (hourly technicals)Hourly chart showing impending MA Cross, pinching MACD and Stoch, RSI over 50. Probably volatile until the stock closes over $2.40, but if technicals follow through the bearish snap of the last few days could be over. However, a close below $2.20 puts $2.00 in play.
