PLUG looking for support at 22 and waiting for breakoutWait for breakout before entering long position.
PLUN trade ideas
PLUG support and reverse soonCramer kiss of death initiated the red days, before it runs.
Price Target Raise to 30 by Roth Capital
Recently added yard trucks and autonomous vehicles to portfolio
Fib retracement lines coming in a popular buying zone, and support line at around the high 23s.
RSI finally cooling back to correction. Could initiate a position in this area and add on dips.
Long #PLUG solar sectorTarget set for #Plug above 28.72
Im watching for a breakout off the current trend bringing us above the upper trend line.
That is where i would expect resistance until its breached.
Lower trend line under it would be expected support, with the bottom most trend line being a possibility if we fall out of trend.
Id stop out below 21.78, if you want to tighten it up, you could look at 23.37
plug still bullish until breakdownbears are here but i dont know if theyre going to be able to push it too much lower. sold about half since the daily looked like sht.
still bullish as long as we hold above the lower trend line.
i dont like posting charts like this cuz i know big dicc money is like "oh look retails drawing this cute little triangle" then nuke it lol
PLUG catalystPLUG was rejected at the $29 November 24 we dropped back to $26 as we held support
PLUG reattempted to retest the $27 level and failed to hold resulting in the retest of the previous support level of $26 as we held support PLUG attempted to close above the VWAP for the day and failed.
November 25 PLUG saw the $25 low as a support we retested the $26 level again held it as a support.
Scenario A: We open strong holding $26 as a support and push to make another attempt to retest the $29 dollar level
Scenario B: We see a retest of the $25 if we failed to hold we can see price back to $24
15 MIN- 52
HOURLY RSI - 54
DAILY RSI - 73
WEEKLY - 77.62
Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has successfully completed one of the largest bought equity deal transactions in the broader clean-tech sector. This marks Plug Power’s largest capital raise in the Company’s history with approximately $1 billion of capital, bringing total cash post-closing balance to $1.7 billion. The capital raise uniquely positions Plug Power to execute and accelerate on its green hydrogen strategy as well as other strategic growth initiatives.
The first two green hydrogen plants are expected to be operational in 2022. All five plants are expected to be operational by 2024, with a total capacity of 100TPD. This would constitute the country's first nationwide green hydrogen network. The green hydrogen generated by this network will support the mission to decarbonize the broader transportation and logistics industries, a mission shared by both Plug Power and its customers. The Company's unmatched industry position as a total solutions provider will also help facilitate the anticipated rapid growth of the hydrogen economy. According to consultancy McKinsey & Company, the global hydrogen economy could reach $2.5 trillion by 2050, representing 18% of the global energy demand.
plug looks bullish after retesting historical & local support.we all thought it was gonna be the day today but it looks like its gonna make a move tomorrow or whenever we get decent liquidity, which im not sure about the rest of this week.
$PLUG 11/24/20$PLUG stair-stepped from $6 to $28.70 in just a couple of weeks! It had a blow-off top and squeezed the shorts as it continues to the top band. From my perspective, a consolidation from an all-time high will take place. Entry opportunity between $21.85 and $18.98.
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Hard to tell...As you can see, the signs are more bearish (at resistance, MACD and RSI cross) than bullish(bullish flag pattern) on the SHORT term
...but still would never recommend shorting this stock, because it keeps making higher highs and lows.
Instead, I am planning to play some weekly credit spreads and add some stock for the longer term at 22.24 and 19.37.
Monday will tell us the direction, the flag pattern is a good indicator.
If it fails to break out above, then weekly bear call spread is the way.
In the other case: weekly bull put spread is the right way to trade this one
Trade safe!
A pause for PLUG?After another strong rally, we see a red counter trend correction arrow above price. This indicates a cooling of positive momentum and suggest that price may struggle to make new gains in the short term.
This has happened over and over again during this incredible run.
With the “Go” trend solidly in place we have seen the low risk entries (Green circles) at the start of each surge and then the red counter trend correction arrows signaling the consolidation.
If the pattern repeats, as the GoNoGo Oscillator falls to zero, we will look to see if it finds support again.
bearish on plug nowthey made an offering at the worst possible time. i see this dropping all the way back down to the lower trendline
PLUG POWER: BIG CORRECTION COMING 📉We can see higher-highs on this trend. It's clearly bullish.
I thought the market was going to use the same old patterns (green color).
Shares of Plug Power rallied Monday after the hydrogen fuel cell company reported third-quarter results. New records were set by Plug Power Inc NASDAQ:PLUG in its third quarter.
NASDAQ:PLUG is an overbought and oversold stock. This stock can be easily traced with the Relative Strength Index (RSI). That's why we can predict a big correction coming. It would be a buying opportunity!
Your comments are welcome.
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Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
PLUG bullish scenario : wave 4 coming, then 5weekly time frame
Could retrace to about 18-20 and consolidate
stop loss under 18
target 24-28
not financial advice
plug possible bullish retest of bullish cylinderusually this pattern retests, sometimes multiple times. it actually already did on lower time frames, but bitcoin actually did the same exact thing the other day and it shot up after the retest.
