PLUG breaking down from its rising wedgeNo surprise here. Rising wedges tend to be bearish, and PLUG is following through with that trend. Where will it fall? Doesn't really matter, general idea is in the box below. The "Loading zone" for longs.
PLUN trade ideas
Plug Power, death crossTrendline is broken and maybe it will become an area of resistance. RSI 45 resistance, death cross. Not time to buy?
plug powerSo, think this shall be either an expanded or standard flat.
I'm 99% sure that's a running B wave and C could be over, which means impulsive week.
alternatively this could breakdown - as the wave 3 of wave 3 has yet to go above the resistance in the pattern and could become an ABCDE, leading swift downside during the next few days. Probably a hint towards the whole rest of the market's emotions because IDK when that will finally full blown ABC for us. (5,3,5)
PLUG right below meaningful resistanceIf PLUG breaks the key level with momentum it might have a bull run.
plugging into $PLUG once again*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*
Recap: My team got into $PLUG 6/1/21 at $30.74 per share. The stock now sits at $29.85 after correcting from its previous high of $75.49. $PLUG is a hydrogen energy company towering its industry. My team originally entered $PLUG on 6/1/21 because of a misinformed earnings date which we all thought was taking place on 6/3/21. My team remains just as confident as before that the price action of $PLUG will benefit from this report.
After down trending more than HALF from it's all-time high stockholders should expect $PLUG to uptrend throughout the end of June and July.
My team has brought our average price per share down this morning after purchasing more shares at $29.85.
$PLUG earnings will be announced tomorrow (6/22/2021)
ORIGINAL ENTRY: $30.74
AVERAGING DOWN AT: $29.84
TAKE PROFIT: $47.00
STOP LOSS: $26.00
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Could be...An inverted H&S forming.
I originally bought options when it was around $30 on the break of a descending wedge and took the majority out when it was around $34.
This looks like a good buy again.
Could see $41 in a couple weeks.
Putting a small portion into this. If it doesn't hold this pattern, I am out.
PLUG - Bearish 🧸-While Plug Power didn't have anything to report Monday morning, Hyzon Motors, a manufacturer of hydrogen fuel cell-powered vehicles, did. That company, which plans on merging with the SPAC Decarbonization Plus Acquisition, announced that it has inked a memorandum of understanding with TotalEnergies that "strengthens the existing commercial relationship between one of the world's largest energy companies and a leading supplier of hydrogen commercial vehicles," according to a press release.
-Competition is getting on the PLUG.
-Has a great potential but with the given bearish market needs a breather.
Unplugged Short back to primary Trendline around 25-25.50$.
All oscillators are bearish
RSI
MFI
OBV.
Plugged rallied the last 45 days with the rest of Ev, renewable energy, Small caps and memes. Long term its still in a uptrend but now a visit back to primarg trend line seems most likely
PLUG supply zonePLUG looks to be holding the supply zone nice so I’m going to open some calls here, feel free to TP whenever but SL is a close below the rectangle.
PLUG Bounce IncomingPLUG sitting on support, testing downtrend resistance on 15 min chart.
Watch for a break of that resistance and increasing volume for nice bounce play off that support.
Calls > 30.57
$PLUG | Bullish Channel & Key Structure$PLUG is trading within a bullish rising channel. Price just pulled back to test the channel support as well as the key horizontal structure level at $30. If market structure holds I expect a bounce and continuation to the upside.
Initial Confirmation above $32.50
Initial Targets: $34.80 | $38
Let me know what you think in the comments. Please leave a like if you agree with my analysis! 👍🏽
Bullish Long-term $PLUG*NOT FINANCIAL ADVICE* *NOT A PROFESSIONAL*
I like $PLUG as a long term hold because it has solid fundamentals. The chart Is in an upward trend from what I can see. Looking for an entry. Here to learn so send me some feedback.
PLUG buy opportunityPLUG had an major pullback, but it seems the regression trend is over and the long trend already started strong.
The fundamentals are stable and the risk/reward looks pretty good for a long position.
Lets fill the gap!
Plug Power back on the trend linePLUG is a long term play, tesla hedge (10 Years)
As long as PLUG is on this trend I will continue to dollar cost average daily
- for beginners this literally means start off slow on cashapp with $10/day
- for advance traders DCAing at levels you feel comfortable buying and buying BIG #getwrecked
If it dips below the parallel stop DCA and find another trade u might want to participate in
IF it rises above feel free to take profit and buy other assets or go on amazon and treat yo self
trading is about YOU and not your personal life finance
communities make it about the community
never feel ashamed to profit off a great trade
people that bully are those that have lost and have broken their own rules time and time again
#notonmighwatch
$PLUG PT 100 and higherPlug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a liquid hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing internet of things-based maintenance and service program for GenDrive and GenSure fuel cells, GenFuel hydrogen storage and dispensing products, and ProGen engines; and GenSure, a stationary fuel cell solution that offes modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzer, an hydrogen generator optimized for clean hydrogen production. The company offers its products to retail-distribution and manufacturing businesses through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York
