Plug Power (2 Week Heikin-Ashi Candle)Plug ONE.1 (Destiny 1)
Cant say I know any fundamentals of this project so please DYOR
Ive never seen a graph so BULLISH!!!
PLUN trade ideas
ABC BullishPossible T2 111.5 to 132. These are long term targets. Often best to focus on T1.
PLUG and BLNK were borderline parabolic but have both pulled back enough to perhaps trade them again if you like these stocks. Most parabolic arc patterns pull back between the 0.5 and the 0.618 fib levels. Some pull back more. Some pull back less.
Possible stop under C
Not a recomemndation
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.
$PLUG Ready To RecoverPlug Power shares broke their downtrend and completed their descending wedge formation. The company is fundamentally stable and is ready to bounce back soon. Leave a like and comment your thoughts :) Good Luck!
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
Plug for next month!Plug power can be a good option for you now!
Entry point for short term 45/47 target price 50+/53! stop lose 44/45!
Entry point for med term 38/40 target price 60+!
Entry point for long term 30/35 target price 70+!
First support at 45!
Strong support at 40 and 30/32!
This it's not a finacial advice, good luck to everyone!
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.
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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.
Ignore the noise. Listen to the chartPlug has currently broken through previous resistance and made it support. If the 43.00 area holds look for next stop around 51+ area
Plug Power - possbile breakout ahead - finallytook a litte longer.. but the formation looks good and if this week the US Yields stay lover or fall .. good for the stock market... so RSI is low, MACD is turning around... mid of the year could reach the goal of 75
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!
PLUG POWERPlug Power is the leading provider of clean hydrogen and zero-emission fuel cell solutions that are both cost-effective and reliable.
Sale?
What do you think?
Like Follow Agree Disagree?
7500% gain in 2 years, what next?The most probable scenario for Plug power could be correction to 31-32 level, if not slipping to 23-25 level..!
There is no bullish sign in daily, weekly, monthly charts!
Bearish Trend on PLUG, Resistance at $50?Alootttaaa stocks are now trending down for some time. Who knows how long this will keep up for. Is this the end of the party for now?
Buy PLUG 40p 3/5
Sell PLUG 52/53c 3/25
PLUG Round DownPLUG is forming a rounding down formation. It is forming the handle of a cup and handle formation as well. It has closed red on the day after testing it's nearby moving averages and looks to be heading back down to the 37 range.
$PLUG 1D Falling Chopsticks break out PLUG has had a massive pull back. Its broken out slightly and I like calls into April at a Price Target if 80. Energy has been hot with Biden.
plug power: are gaps going to start getting filled?This looks scary if we break support. No position, but looking to accumulate
PLUG JPM upgrade.
Possible pump potential!
looks like a temp bottom is in
Buy the dip.
Long over 53
First target 56,
2ND 60
3RD 65
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