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1PLUG trade ideas

PLUG: 3 exit strategies you can use now!Hello traders and investors! Let’s see how PLUG is doing today! The stock is performing amazingly well, and so far, we didn’t see any reversal or pullback signs around. And I got some strategies you can use here if you are anxious or afraid of a pullback. First, I would put a trailing stop on the previous day’s low, and if PLUG closes under it, I would just get out of it and wait to buy back after a pullback to the 21 ema. Or I would use the hourly chart to guide me: As long as we don’t see any bearish pattern around, we are fine. PLUG is in a strong bull trend, doing higher highs/higher lows, and you could wait for a bearish pivot to appear to sell your position. Or you could wait for it to lose the 21 ema in the hourly chart , if you are more anxious. But since PLUG is in a very strong bull trend, if it drops, I would only see an opportunity to buy more. Pullbacks are different from reversals, and just like Dow stated on the 6th tenet of the Dow Theory: The trend will persist until a clear reversal occurs. If this analysis helped, remember to follow me to keep in touch with my studies, and please, support this idea if you liked it! You’ll find more analyses on the links below. Thank you very much.
NASDAQ:PLUG
by Nathan_The_Finance_Hydra
5
Plug went parabolic without meWhere this goes is TBD. I saw the news on plug and threw down a few shares on black. Turned my attention elsewhere. I guess a bunch of other folks saw the same news and the stock has gone parabolic. I would not FOMO at this point unless there is some specificity around the speculation. Any content here should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an express or implied promise or guarantee.
NASDAQ:PLUG
by chillcrypto
1
Plug Power Stock AnalysisTechnical Analysis: The idea is to go long, following the major Trend Possible Support Level 47.5 USD and 50usd Fundamental Analysis: The Idea is to go long Plug Power announced on Thursday a partnership with the Korean-based SK Group. Marsh said Plug Power's mission continues to be expanding the green hydrogen economy and their partnership with SK in Korea is another step forward in that mission. He said the conglomerate chose to work with Plug Power because they could "do it all," from building hydrogen fuel stations, to generating green hydrogen and even backup power facilities. NASDAQ:PLUG
NASDAQ:PLUGLong
by Mauriello
1
PLUG: Key Points to keep in mind!Hello traders and investors! Let’s analyze PLUG today! I never did a public analysis about it, so, it’ll be my first time here. First, we have a quite strong bull trend in the hourly chart, and we have some key points to keep in mind. The black line is an interesting point, as it was a resistance in the past, and a pivot point , so it is a good support candidate if PLUG corrects. Also, we have the 21 ema pointing up, which is another good sign. We have a classic Breakaway Gap , which was the trigger of this movement. This tells me that the bull trend will persist a little longer, but we can’t discard that it’ll do pullbacks in the future. If you are afraid of a pullback, just look the daily chart: Ok, so we can see the $ 46.95 from here too, but if PLUG loses this point and drops more, we’ll have a strong support area near the purple line region and the 21 ema. If PLUG hit there, I think this would be just an opportunity to buy (or buy more). I know we may have an Evening Doji Star candlestick pattern if it closes this way, but again, if triggered, this would be a pullback sign, not a reversal sign. Another thing to keep in mind is the high volume during this bullish leg, which is another good sign. This bull trend is real, so, pullbacks shouldn’t scare anyone around. If this movement had low volume, then it would be just speculation. Remember to support this analysis if it helped you and follow me to keep in touch with my daily studies. Thank you very much.
NASDAQ:PLUG
by Nathan_The_Finance_Hydra
5
PLUG, MACD Histogram just turned negativeThis is a Bearish indicator signaling PLUG's price could decline from here. Traders may explore shorting the stock or put options. Tickeron's A.I. dvisor identified 43 similar cases where PLUG's MACD histogram became negative, and 36 of them led to successful outcomes. Odds of Success: 84%. Current price $32.40 is above $23.85 the highest resistance line found by Tickeron A.I. Throughout the month of 12/01/20 - 01/04/21, the price experienced a +31% Uptrend, while the week of 12/24/20 - 01/04/21 shows a -10% Downtrend. Bearish Trend Analysis The 10-day RSI Indicator for PLUG moved out of overbought territory on December 28, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In 30 of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at 86%. The Stochastic Indicator may be shifting from an upward trend to a downward trend. Tickeron A.I. detected that in 40 of 52 cases where PLUG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 77%. The Moving Average Convergence Divergence Histogram (MACD) for PLUG turned negative on January 04, 2021. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In 36 of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at 84%. Following a 3-day decline, the stock is projected to fall further. Considering past instances where PLUG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 78%.
NASDAQ:PLUGShort
by AlTorress