1PLUG trade ideas
United hydrogen and plug power Plug Power recently acquired United Hydrogen Group, one of the largest privately held merchant hydrogen producers in North America. It was the first independent company to offer a full suite of capabilities in liquid hydrogen production, distribution and logistics.The company has the capability to produce 6.4 tons of hydrogen each day with plans to increase that capacity to 10 tons daily in the near future, as well as plans for further expansion. With the two companies coming together we will be able to advance the hydrogen economy faster and more efficiently-Via PlugPower
love plug for the futuregood company not enough confidence to short at the moment
waiting for long entry
price target 5.50-6.08
stop loss 4.92
PLUG bull flag breakouttargets 15$ but considering the economic situation i wouldnt wait that long to tp
$PLUG:NASDAQ - PLUG POWER - Hydrogen Fuel CellsPlug is up 190% over the last 12 months and as an alternate energy source to fossil fuels could be worth a look.
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.
Buy @ $6.08 and Sell @ Rise $7.88PLUG should fall to 6.08$ in Few days
& then rise again to $7.88
RSI is OVER bought @ 78
Trading Strategy
Buy @ 6.09
Stop Loss @ 5.14
Sell @ 7.75
DON'T Fall in LOVE with this stock. Collect your profit and move on!
PLUG-Short term correction, Long term bullish trendLast week PLUG hit a weekly resistance trend line. PLUG has been up 120% in the last month. It has a RSI of 80 on a weekly chart. In my opinion, it is due for a correction in the short term, but will remain bullish in the long term.
PLUG : MOMENTUMDAY TRADE ON PRICE ACTION AND VOLUME. POTENTIAL NEW HIGH ON THE BACK ON ACCELERATING MOMENTUM.
$PLUG Plug Power possible 40% upside
Having broke above 1.618 resistance pre market next target level is $9.60
with a extended target at $11.20
Stock is overbought but has strong momentum and sentiment in the sector
$PLUG can rise in the next daysContextual immersion trading strategy idea.
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets.
The share prose rose after the company had upgraded its revenue and profit projections.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $6,42;
stop-loss — $5,97.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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PLUG: Ascending TriangleAscending Triangle
Descending volumes.
200MA pointing North = Bullish
PPS above 50MA and 200MA
250RSI above 50 = bullish
Ascending ATR = High volatility
Retraced some today. Could be an interesting entry point.
If Confirmed (almost is):
Target 1= 6.15 $ Filled
Target 2= 6.35 $ Filled
Target 3= 6.76 $ Filled
Target 4= 7.00 $ Filled
Target 5= 7.75 $
Target 6= 8.52 $
Target 7= 8.95 $
PLUG - Pending Confirmation on 5th Wave ExtensionPLUG - Looking very bullish at the moment, seems to be in the midst of it's fifth wave. Expect a local support around the $6.10 zone with a push to the $8.29 finishing off the fifth wave.
Plug power breaks out in final C wavePlug power is breaking out today from a consolidating triangle "B" wave that has been forming for several weeks. I suspect this C wave will terminate commensurate with when the rest of the market finally tops out and rolls over, which is almost at hand
$PLUG Plug Power Upside Targets
Todays Upgrades
PLUG Barclays analyst Moses Sutton initiated coverage of Plug Power with an Overweight rating and $7 price target. The company's leading position places it in a small group of renewable pure plays that are viable alternative investments to mainstream alternatives, Sutton tells investors in a research note. The analyst sees a "long-term growth narrative" that reflects "multiple points of inflection over the coming years."
22% short interest
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.
PLUG 5+ year base, wedge breakout comingPLUG currently consolidating in wedge for approx. 2 months with support found on an up-curling 50 day SMA. Uptrending its way out of a 5+ year basing pattern (this thing seriously looks like a Gold stock), the wedge is located just under major resistance, which is all of the congestion of the 2014 selloff from the highs. Theoretically, PLUG is in the Wave 3 from an impulse wave that began in 2013, with a 1.0 (minimum) extension to +$12, the 1.618 takes you nearly to $20 (ignore date associated with Wave 3 completion) and of course more upside is possible). I I am looking to buy the wedge breakout @ approx. $4.5 and give this one some space and time. Short term target would be range of wedge/channel + breakout level which would put you @ about $5.50, or just below the prior highs, so there is potential for timely profits.
-This chart appears to be a perfect mix of a short term opportunity which is in the midst of a very bullish long term trend, hence, a potentially great trade, as this wedge breakout may give way to a substantial move higher within that longer term Wave 3.
-You could view this as a massive cup and handle as well. All the same to me. When the rounding bottom is this big, I just call it a base.
Positive macro-context for PLUG (long term)PLUG seems to be a quite safe bet for the future. Here are my arguments:
From a financial perspective, EBIT is negative, but total revenues are growing at a stable pace since years now. Plug will certainly find it's way to profits when industrialization optimized (see arguments for this below).
EBIT is lower, but is explained by higher cost of produced goods (and not by the fact that they sell less). Productive investment is a key aspect in such an innovation demanding industry.
Plug is specialized in fuel cells and created an expertise in powering the following:
-Drones (hydrogen backed tech allows for longer lasting flights for these aerodynamics and size of machine) :https://www.plugpower.com/products/progen/fuel-cells-for-aerospace-uav-applications/
-Forklifts
-Robots
-But also a promising truck segment (www.bizjournals.com
There should be a growing demand for these 4 in the context of a development of warehouses utilities and delivery services worldwide: www.bloomberg.com
Amazon (led by an incredible momentum currently) invested in PLUG: www.investopedia.com
I wouldn't be surprised to see an offer from Amazon to buy PLUG, which would make the stock skyrocket, giving to Amazon the opportunity to diversify even more.
Walmart (which is more resilient than average during COVID as a consumer cyclical stock) is a big client also:
"Plug Power plays huge role helping Amazon and Walmart supply America during COVID-19 crisis":
www.timesunion.com
Macro-context: Environmental policies and Hydrogen demand & facilities to grow:
seekingalpha.com
www.globenewswire.com
Plug power can become a leading seller of hydrogen:
investorplace.com
