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Plug Power, Inc.

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PLUG trade ideas

PLUG Mean ReversionExtremely oversold. While its fundamentals might still point that it is overvalued, its technicals are looking strong for either a strong move back up as shorts take profits and people buy back in now that it is at a key support level and has shown resistance towards a further down move. High Probability, but risky due to its high volatility. Trade Ideas: Shares : Long between 33-42 for 50, 55+. Short Put : 25 Strike expiring 4/16 for $0.72 credit. 83% POP and very cheap at $250 BPE for a solid 28% ROC.
NASDAQ:PLUGLong
by punitarani
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
NASDAQ:PLUGLong
by jacobosiason7
1
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. If you liked the analysis, we would be pleased if you liked or subscribed to it. By doing so, you support our work enormously! Notice: 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.
NASDAQ:PLUG
by Michael-Neubauer
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!
NASDAQ:PLUG
by InvestEmi
5
How To: Super simple moving your stop losses in TradingViewVery quick video as a follow up to yesterdays placing orders one. In this video I show you how crazy simple it is to move your stop losses up within TradingView to protect your profits. Such an easy to use system. So visual. So cool! You can trade like this for SHARES, CRYPTO, FOREX and more... Well done TradingView and TradeStation Check out how you can sign up to use TradeStation here: www.tradingview.com And see more award winning brokers here: www.tradingview.com
NASDAQ:PLUGEducation
by zAngus
11
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... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
NASDAQ:PLUG
by Options360
1