ADDED $PLUG Target 58.84 for 35.70% ADDED $PLUG Target 58.84 for 35.70%
Or next add level is at 27.88
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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 start every position with 1% of my account and build from there as needed and as possible.
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.
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
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 :)