$PLUG Ready To RecoverPlug Power shares broke their downtrend and completed their descending wedge formation. The company is fundamentally stable and is ready to bounce back soon. Leave a like and comment your thoughts :) Good Luck!
PLUN trade ideas
Bullish Reversal- Inverse H&SAfter a long regression, PLUG seems to have found its bottom after falling 40% from its 52-week high ending the regression with an inverse head and shoulders. Bollinger Bands are squeezing on its 6-month chart along with what looks like an impending MACD cross. PLUG needs to break the FIB resistance levels charted which seems relatively likely as long as the broader market doesn't experience a pullback as 10-year treasury yields have been fluctuating. PT1- $51.81, PT2- $56.19
Has strong top resistance at the $69-70 level
Plug for next month!Plug power can be a good option for you now!
Entry point for short term 45/47 target price 50+/53! stop lose 44/45!
Entry point for med term 38/40 target price 60+!
Entry point for long term 30/35 target price 70+!
First support at 45!
Strong support at 40 and 30/32!
This it's not a finacial advice, good luck to everyone!
PLUG POWER: Rapid awakening!The last few weeks have seen some stocks in the renewable or "clean" energy sector hit hard. The hype around hydrogen also seemed to be broken. After the price peak at the end of January, Plug Power slid by about 46 %. Since last Friday, however, the hydrogen company has awoken from its hibernation and gained around 45 %. Where do we go from here?
Plug Power with a gap close and on it goes!
Plug Power's share pleases all investors and so the rally has known only one direction for months. In the area of USD 69.50, however, the share experienced increased profit-taking in the context of the overall market weakness. This area can now be defined as a clear resistance level, which of course is no less attractive. With yesterday's gains, the share has in any case broken away from the gap it closed in January (gap close). Above this level, the share remains worth buying with a first target at USD 53.15 and then up to resistance at USD 69.50. A breakout above this should lead to renewed buying. A breakout above this level should arouse renewed buying interest on a broad front, so that an establishment above the round price mark of USD 70.00 is inevitable. When Plug Power's shares could ultimately reach triple digits will be assessed here in due course.
On the other hand, another setback into the price gap from 6 to 7 January would be critical. In the course of this possible weakness, the price could fall below the USD 37.25 level. This could lead to further declines in the direction of USD 28.50 and lower.
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Despite careful analysis, Global Investa does not guarantee the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor and investment advice from a professional investment advisor who takes into account the individual economic circumstances and the level of experience of the customer.
Ignore the noise. Listen to the chartPlug has currently broken through previous resistance and made it support. If the 43.00 area holds look for next stop around 51+ area
Plug Power - possbile breakout ahead - finallytook a litte longer.. but the formation looks good and if this week the US Yields stay lover or fall .. good for the stock market... so RSI is low, MACD is turning around... mid of the year could reach the goal of 75
PLUG | ABC correction ongoingHi all,
so PLUG looks like it is currently in wave A of an ABC correction after a blowout top. The overall market is definitely helping with the downside. I'm sure these next few days will flush out a lot of froth in these names.
- Price action broke down below what seemed a potentially bullish rising wedge, which had been forming for almost a month, signifying the start of the correction after the extremely strong move up in January;
- This really feels like it trying to retrace back and fill the huge 37$ - 40$ gap up from early January;
- PLUG's RSI hasn't been this low since March 2020 - should be on the lookout for bullish divergence with price for a turnaround
I am still very bullish on the name, would love to grab more shares ~38$ if I can.
Please comment your thoughts and good luck to all!
PLUG POWERPlug Power is the leading provider of clean hydrogen and zero-emission fuel cell solutions that are both cost-effective and reliable.
Sale?
What do you think?
Like Follow Agree Disagree?
7500% gain in 2 years, what next?The most probable scenario for Plug power could be correction to 31-32 level, if not slipping to 23-25 level..!
There is no bullish sign in daily, weekly, monthly charts!
Bearish Trend on PLUG, Resistance at $50?Alootttaaa stocks are now trending down for some time. Who knows how long this will keep up for. Is this the end of the party for now?
Buy PLUG 40p 3/5
Sell PLUG 52/53c 3/25
PLUG Round DownPLUG is forming a rounding down formation. It is forming the handle of a cup and handle formation as well. It has closed red on the day after testing it's nearby moving averages and looks to be heading back down to the 37 range.
$PLUG 1D Falling Chopsticks break out PLUG has had a massive pull back. Its broken out slightly and I like calls into April at a Price Target if 80. Energy has been hot with Biden.
plug power: are gaps going to start getting filled?This looks scary if we break support. No position, but looking to accumulate
PLUG JPM upgrade.
Possible pump potential!
looks like a temp bottom is in
Buy the dip.
Long over 53
First target 56,
2ND 60
3RD 65
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PLUG long- Elliot wave analysis Completing wave 2. Looking to enter long over $50 for $120 PT. invalidated below $44.
Plug Power - PLUG - Potential 50% gain?Plug Power - PLUG - Potential 50% gain if support holds and trend line broken? Is it time for a rise in price?
PLUG earnings 4th Quarter 2020, 2/25/2021 announcementPlug Power Reports $337 million in Gross Billings for
2020, Up 42.5% Year over Year
Announced Multiple Partnerships and Executed Strategic Acquisitions,
Establishing Global Platform as a Green Hydrogen Solutions Company
Well Positioned to Leverage Industry Leadership and Capture Meaningful
Share of in the $10T Hydrogen Economy
● 2020 marked a record year in gross billings, with Q4 gross billings of $96.3 million and
$337 million for the full year reflecting the Company’s strong value proposition in the
growing hydrogen industry
● As previously announced, reported revenue and results were negatively impacted by
certain costs of $456 million recorded in the fourth quarter, the majority being non-cash
charges related to the accelerated vesting of a customer’s remaining warrants. Given
the expenses for this customer program have been fully expensed, the Company’s goforward reported results should be easier to understand. This resulted in reported
revenue of negative $316 million for the quarter and negative $100 million for the full
year.
● Plan to make continued investment during 2021 to deliver on substantial growth
opportunity in the green hydrogen economy on a global basis
● Strong balance sheet with now over $5 billion in cash to execute on its global growth
strategy and objectives
● On track to deliver on recently raised 2021 and 2024 financial targets
● Added a fourth pedestal customer and selected site for gigafactory to drive scale
● Executed strategic acquisitions of United Hydrogen and Giner ELX positioning Plug
Power as a fully vertically green hydrogen generation company
● Announced global joint ventures and strategic partnerships with Renault, SK Group and
ACCIONA
(source: PLUG quarterly shareholder letter)
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
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Price action, entry/exit
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Newsworthy current events
Revenue
Earnings
Balance sheet
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Plug Power - two possivle routs for Q1Plug Power - two possivle routs for Q1 - depends if it can break out on top or will make a second round to stay in the bullish flag.
