PLUN trade ideas
ADDED to $PLUG Target 61.21 for 33.85% $PLUG Target 61.21 for 33.85%
Or next add level is at 30.25
I added here today... which brought the target down, but increased % profit. Chart looks bullish here...
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
PLUG 1DThis chart is actually a set up we featured a couple weeks ago. With a short term swing on PLUG from low 30s to low 40s. PLUG found resistance at the level we expected to find resistance.
For this next set up I plan to wait for PLUG to break the resistance, and turn it into a new support. I believe the news of Biden's infrastructure bill can help push a lot of EV charging stations.
PLUG showing potential upside, but leaning to a check of supportIn looking at the daily chart I'm leaning towards a final check of support into the upper $20s (PT's listed on chart) before regaining a steady uptrend.
Looks as if PLUG breaks below $34 again with rejection to upside, it won't find demand until at least $28 and change, with a final downside potential move at $25.70-$25.92.
If it can regain demand above that 120mil candle that failed, there's a nice little gap to push $43.16-$44.76; with a final upside potential of $47.25-$47.85 for that move.
Overall I feel that the red trendline below the current price action needs to be tested for equalization in order for a steady move up in the future. This is due to the lack of consolidation from that original move up in NOV 2020
Huge upside potentialThis one is a bit risky, but the potential is too big.
I would wait a bit more, just to make sure we don't get below 30.09 again, then go long.
Broader market looks bullish as well.
Try buy at/below this trendlineVery bullish on PLUG. Strong upward trend since lows, and $400 Billion in clean energy credits should boost this stock to new highs.
Plug testing resistance, ready to move lower?Plug fell out of the Go trend that it was in for much of the last year and has been in an established NoGo trend now for several weeks.
As the NoGo trend was about to take hold, the GoNoGo Oscillator broke below zero and has stayed there ever since, finding resistance at the zero line as we know it should when the NoGo trend is healthy. Now, the recent rally in price has brought price back to levels that have acted as support and resistance before, clusters of supply and demand . At the same time, the GoNoGo Oscillator has risen to zero and we will look to see if it gets turned away again, leading to another leg down in price.
Plug Power, Brookfield Renewable to build green hydrogen plantPlug finally having a good day up 10% as I'm posting this. I have a strong belief in Hydrogen as a future energy source so have been holding onto Plug despite being down 10% from my buy price. Its one of those more emotional type trades for stocks that I just like having in my portfolio. I have a stop at $30 which was a pretty strong support area in the past, and with so much upside back to old highs, I'll keep hanging on :)
PLUGMID-TERM: Classic bullish divergence on the 4hr and daily MACD, trying to break a supply line, pretty clear support. (not financial advice)
PLUG rebound to 50 NASDAQ:PLUG
Hello, TradingView community,
This is my very first Stock analysis on PLUG.
We have seen a big correction to 30ish. If PLUG would break the triangle, I hope we could see pull up.
I think the PLUG has a very bright future and this is a big opportunity to entry at these levels.
We just need patience and the time will pay off.
As I said before this is my first idea so don't take it as FINANCIAL ADVISE.
I wish y'all happy and profit trading days
Put Credit Spread - PLUGGreat support level for a buy, the option charts looks chart great as well.
IV Rank is above 20, therefore I will be selling premium, break even is at 24 if it goes drop down below my sold Put option of 25.
Closing my trade at 50% profit, so I will be making $60 if it goes my way.
$PLUG reversal $28-$24- End of wave 5 = 28-24
- 200 SMA support = ~26.50
- At/past the 0.618 retrace of the previous move
A reversal here should bring new ATH's later this year. Could be right around the end of august, as Sept is usually a bad month for returns.
PLUG 15MNBULLISH Butterfly for SCALPING
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
PLUG LongPossible double bottom
Next demand Zone (27) is a better long entry point
Entry 39
Stop 33
Target 65
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
$PLUG Technical Analysis (Beautiful setup)Plug Power could be ready to set up a bottoming formation here, coming to the end of this 5th wave.
Setting up beautiful for a buy. I labeled the buy zones.
Entry and exit points for $PLUG Power (Swing Play 6 Weeks time frame)
Collect profits up 20-50% and cut loss at $25.
