PLUN trade ideas
PLUG - Clear Skies Plug has some exciting news coming up. First is their earnings, and second is YTD performance, and lastly, is new partnerships. Plug is one of the fastest growing investments in their sector. Clean energy is the future
Target $3.45 - $4.00
$PLUG Power Inc Bullish pre earnings Entry level $3.10 = Target price $4.70 = Stop loss $2.90
Alert set for break above $3.00
Short interest is high at 18.48% can help sustain a rally .
Long term channel is currently acting as resistance, but indicators are in a bullish trajectory with room to run higher.
The stock can be subject to large swings given its appeal to penny stock traders, so profits should be locked in on any rally.
Company profile
Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997 and is headquartered in Latham, NY.
(Seeking alpha article)
Plug Power is a market leader and has a strong first-mover advantage in a big growth market. With the push by governments to tackle environmental issues, corporations are under pressure to make their operations more environmentally friendly.
France and the United Kingdom are two examples of governments that have moved to phase out combustion vehicles. France has moved to ban sales of petrol and diesel cars by 2040. This announcement was made a day after the Swedish automaker Volkswagen (OTCPK:VWAGY) announced a plan to only make electric or hybrid vehicle from 2019. The U.K. echoed the French plan and have committed to banning all sales of petrol and diesel cars by 2032. This is now becoming commonplace in cities with Copenhagen banning diesel cars in 2019 and Paris planning to ban all petrol and diesel cars from the city by 2030.
Deloitte has stated that EV sales were 2 million units in 2018 and expect this to rise to 4 million in 2022, and as high as 21 million by 2030. The company also sees this rise made easier with their prediction that a tipping point will occur around 2022 when the cost of owning a BEV is on par with its combustion rivals. BEV sales are expected to be 70% of the market by 2030.
Growing demand from consumers, alongside continued innovation and technology investment from original equipment manufacturers (OEMs) will accelerate EV adoption. Indeed, if the current hysteria around climate continues then we can expect that "car shaming" of petrol and diesel owners will push sales further.
$PLUG Double Top, Broken Trendline, Reversal Off .5 FibPlease read callouts. Feel free to ask any questions or share your ideas!
$PLUG looking to go higher off news of partnership w/ Chung-HsinFirst time publishing a chart. Let's see how this works. I'm charting, your laughing.
PLUG POWER NEED HELP!? WANTED TO KNOW IF PLUG POWER LOOKS LIKE A STRONG BUY! RIGHT NOW I HAVE IT SET UP AS A BULLISH MARKET WITH A LITTLE PULL BACK. HIGHLY BELIEVE IT WILL REACH 3.00 IN 1 WEEKS FOLLOW NEON PURPLE GRAPH. EVERY 3-2 DAYS IT WILL REACH A NEW HIGHER HIGH BY .20 CENT.
Plug Power PredictionLooks to me that Plug Power is about to break out. See ascending triangle pattern
Good month for PLUGPretty good Bullish month. The month looks to be closing with an up trending head and shoulders. To me, PLUG looks to be busting out a consolidation state. RSI hit the oversold territory once on 3/07 for the monthly and stayed consistent between a 30-70 moving average. Months volume seemed busier than normal. Hopefully, Volume will help with PLUG's moving average to go up. I feel PLUG has room for Long term improvement.
PLUG in to Power UpAlternative energy was a major industry during the Obama years, as his admin's attack on oil sent these alt plays soaring. There's several different types, from pure electric vehicles running on batteries (powered by energy produced burning fossil fuels, no less) to natural gas engines, nuclear and wind options, and in this case, hydrogen fuel cells.
It's anyone's guess what the world will look like in 20 years, and as to what source of power prevails, well, determining that is a fool's errand. In my opinion, the best bet is to diversify across multiple types of alternative mobility, which is why I own oil and gas companies (specifically, refiners, MLPs, equipment suppliers, and oil majors) along with other types like natural gas (WPRT and CLNE), solar companies (via ETFs), and nuclear options (via ETFs).
I didn't have a pure-play in the hydrogen fuel cell space, though, so I found this one for a spec play for the longer-term.
This one will need several things to go right, for sure. It's loaded with debt, and hydrogen hasn't really taken off meaningfully. But times change quickly, as evidenced by pot stocks getting so high (sorry, couldn't help myself).
At under $2 a share, this is like an option that doesn't expire. Even so, I'm using options because I don't want to commit the capital to shares. And this may take time... lots of time... to work. So...
I bought January 15, 2021 $2 calls for 70 cents, so it has a little over 2 years to pan out for me. I'll be looking to sell shorter dated calls against it if shares catch bids, as I doubt any rally will be sustained unless there's a material change in the broader landscape for this type of fuel play.
Support is underneath at $1.53. Resistance is overhead at the $2 level, then on up the Fib levels to the highs at $3.21.
Even buying shares outright doesn't seem like a bad idea, just so long as you keep it small as it is a highly speculative play.
Happy trading!
The best 10 penny stocks to buy in 2018...This recommendation is on Marketbeat. Let's look at the technical analysis point of view. The movement of the exchange rate carries the characteristics of fractal movements. He is currently building a 2x fractal. The exchange rate moves sideways in a yellow rectangular area. We expect pulse wave structure from this range. The theory of correctness can justify if the exchange rate breaks through the purple line, which is the axis of the exchange rate D1 ATR. As long as this does not happen it is advisable to wait. But when it happens, the exchange rate can suddenly be switched to "impulse", suddenly increased with ATR. Which results in strong volatility. The primary target price is 5.56 usd. The second predicted target price may be around 10.73 usd.
PLUG- Showing a Head and shoulders pattern I've been watching PLUG over the last couple months.... I think it primed to Pop!! I see a had and shoulders pattern Nicely forming!
PLUG will see a decline, testing support, and then rise.Stock Description
Plug Power Inc. [ PLUG ] is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company's product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell power. GenDrive is a hydrogen fueled proton exchange membrane (PEM) fuel cell system. It provides power to material handling vehicles. GenFuel is a hydrogen fueling delivery system. It is designed to allow customers to refuel its GenDrive units for productivity. GenCare is an ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. ReliOn is a stationary fuel cell solution. It provides scalable, modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation and utility sectors.
Latest News
BRIEF: For the six months ended 30 June 2018, Plug Power Inc revenues increased 75% to $63.2M. Net loss applicable to common stockholders decreased 34% to $45.7M. Revenues reflect Revenue Sales of Goods & Services increase from $10.8M to $32.1M, Fuel delivered to customers increase of 61% to $12M, Revenue Sales of Goods & Service increase of 35% to $13.8M.
Support & Resistance
When analyzing the support we can see 3 important areas.
° A support zone ranging from 1.93 to 1.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
° Support @1.88 from a trend line in the daily time frame.
° Support @1.84 from a trend line in the daily time frame.
We can see 3 important resistance areas.
° A resistance zone ranging from 1.98 to 1.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
° A resistance zone ranging from 2.15 to 2.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
° Resistance @2.23 from a horizontal line in the daily time frame.
Fundamental Analysis
PLUG is expected to show a strong growth in Earnings Per Share. In the coming 2 years, the EPS will grow by 49.96% yearly.
PLUG 's has grown by 51.40% in the past year. This is a very strong growth!
PLUG has an average volume of 2552070. This is a good sign as it is always nice to have a liquid stock.
In the last month PLUG has a been trading in the 1.83 - 2.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PLUG is a bad performer in the overall market: 78% of all stocks are doing better.
PLUG is one of the lesser performing stocks in the Electrical Industrial Apparatus industry. 85% of 13 stocks in the same industry do better.
PLUG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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 $2.10 by mid Sept. Its a good move for small accounts.
PLUG Power, INC. Breakout potential, overlooked company.Lets keep it simple. With my non legal advice!
PLUG, recent partnership with Amazon would just be the start, as they have huge deals already with many other big names.
In the new era of investing, we seem to be leading towards the energy sector. PLUG has been creating cell power. This is extremely efficient then current battery options, especially for retailers such as Amazon, who plan to use this alternative source to power their forklifts for faster production and less downtime on the lifts (yes its actually a problem).
Among the many other uses for cell power, lets get to the point.
We have our wedge reaching its point of decision time. Breaking out seems inevitable, but maybe one more small pullback to the bottom of the wedge towards the 618 @ 1.75 area. A small selloff before earnings 8/8/2018 seems realistic before the breakout.
On the WEEKLY, with huge buy signals before march, to follow the WEEKLY squeeze for the last month.
We have the first DAILY positive momentum change since the beginning of June, approaching the end of the wedge.
The Ichimoku has been getting poked, and on smaller time frames like the 4 hour seems to be leaning towards bullish.
I labeled my buy zone in green, and for short term profits into the new year, sell targets around the 2.65 area. This may very well break out much further, but i like to take profits.
If wedge fails, ill look for support closer to 1$, but we can get to that if it happens.
Happy Trading, debating, and speculating. I want everyone to win!
