PLUGFlag breakdown in progress. Increasing selling volume...big move will come if 24 gets rejected again in next few days.
First target: 18
4PLUG trade ideas
PLUG post-earnings LevelPLUG Power NASDAQ:PLUG is setting up a post-earnings Support level. As price pulls back from the earnings rise it is making new swing highs and has setup a 50% Retracement at 22.05. This could be an opportunity for a risk defined entry for a swing trade back to the highs or to establish a long term position for investment. Credit to one of my commenters on my Weekly Livestreams for pointing this out!
Earnings watch 3/1 post-marketEarnings watch 3/1 post-market:
PLUG
AMC
SOFI
CRM
WISH
BROS
BNGO
JWN
CELH
GRWG
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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PLUG - potencial Wycoff accumulation phase C After long period of accumulation, plug price action potentially created the test (phase C).
if so, price action should go up to resistance cluster to test the supply exhaustion.
PLUG - Bearflag break to the downsideclear flag break, but could base again at 20 and start to ramp. Price favors shorts, but need to watch for the levels.
PLUG on the weeklyNASDAQ:PLUG
double bottom on the weekly with major bullish divergence
return on the EV play ?
plug i have better descripton of all of this if you check my youtube channel out. give me a like and subscribe if your not already!! id appricate it so much! look for Eric Taylor Stocks and youll find me, i also take requests.
anyways plug could be setting up but beware if this double tops here. ultimate bullish mode if we close above 23.40 the race is on, next key resiatnces 23.09 23.38 and 25.79
Key support is 22.48 and 22.67-22.74
curently bearish divergents on 1 hour if we cannot clear 23$
$PLUG let the harvest begin*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team got into $PLUG this afternoon at $24 per share. The stock now sits at $24,75 after correcting from its previous high of $75.49. $PLUG is a hydrogen energy company towering its industry. With energy concerns around the world continuing to grow, my team believes that $PLUG is in a good spot to reap some gains.
OUR ENTRY: $24
TAKE PROFIT: $33
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Plug If plug can close a 4hour candle above 22.64 we could see a now move up to retest the breakdown reisatnce of 29.40
Has The Plug Been Pulled? Plug Power - Short Term - We look to Sell at 24.46 (stop at 27.27)
We look to sell rallies. Previous support at 24.00 now becomes resistance. The bias is still for lower levels and we look for any gains to be limited. Our overall sentiment remains bearish looking for lower levels. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 24.00, resulting in improved risk/reward.
Our profit targets will be 14.62 and 12.21
Resistance: 24.00 / 30.00 / 40.00
Support: 17.50 / 15.00 / 10.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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Garbage Stock. Buy puts.Worst performer of all "growth" stocks, all of which are getting obliterated.
PLUG Plug is displaying an inverted head and head shoulders. Highly likely probability is that it will make the right shoulder and fall.
PLUG Power Possible ReversalIt's the first time since July we have seen the price movement - break above Anchored VWAP
Key Level to hold would be SMA100 which is being tested at @ 27.66 and needs to be held.
Money flow went positive with MACD showing a positive indicator too
Momentum just went above one which is a very healthy indicator.
The next key resistance level will be at SMA200 35.41
$PLUGRSI divergent
Double bottom on the 4h, although looking at the weekly it could retest long term support before breaks out
UW flow bullish
I will only add to my position in a couple days once confirms trend
Make or Break timeApproaching the must hold line of the bottom of the ascending wedge (gray PT line). If it breaks through, it can easily slice down to the $19 level. If it is a reversal pattern, look for a bounce off that gray line with a new price target of the top gray line. It is important to put this in broader market context. The Fed has DOUBLED their planned tightening and the market volatility is way beyond normal--- i.e; reminiscent of prior big drops. Be careful and be nimble trading. Be patient before entering a long term trade. GLTA.
plug long setuplittle plug setup here
buy the local golden zone ($23)
sell the -0.236 algo target ($42)
this is a high probability trade setup, but always make sure to keep a stop loss just below this golden zone ~
if plug ends up taking out that upside algo target, then this move up is going to be counted as a wave 3, and it will go much higher.
watch for the reaction as it nears $42, and take profit accordingly
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Plug Power, out of power, power plug. PLUGWe just completed a 5 Wave impulse, and waiting for a drop. How low remains to be seen. Actually, so does the confirmation, so relatively aggressive here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
plugeverything seems to be lining up perfectly! as long as these levls comntiue to hold i see a 65$ plug around the corner ! these levls need to hold but i am bullish and feel srongly they will i got my buy orders filled today around 35.40 so im putting my money where my mouth is
