PLUN trade ideas
Plug Power Inc hitting supportWith the price soon hitting support, still maintains BUY Position with the target price of $6
Some analyst rated Plug Power as overweight, means the stock should perform better in the near future
Plug Slow mover! building support to push to 5.85 TargetIMO, Plug trend pointing to 5.85 target, My plan - Be patient, should hit 4.50 target tomorrow or Monday thin work its way up to 5.16, then 5.85. Once 5.85 is hit, my guess it will retrace down to .65 percent on day candle.
Can Plug make a comeback Plug Power Inc. ability to innovate and stay ahead with technology, especially in hydrogen fuel cells and related areas, is crucial. Advancements that lead to cost reductions or efficiency improvements can significantly impact its market share and profitability.
Recent deals, partnerships, or contracts with other companies or governments can provide immediate revenue boosts and long-term growth prospects.
Next bull run or false breakout?Last Friday Plug has broken the 4hour GMMA, which is a bullish sign. However, on a daily level, PLUG price has reached 50MA which could be a potential resistance. Also, it is now at the top of the recent downward resistance trend line which might face rejection too if it does not hold.
During the past few weeks, I have noticed that PLUG likes to surge before market and plunge when the market opens. Since PLUG has been a weak stock for so long, and its stock price has been very choppy since Nov 2023, will this break out the next bull run or a false breakout?
I guess I will have the answer on Monday, in which I will observe:
(1) whether the price stays above 4hr GMMA,
(2) whether it breaks through daily 50MA
(3) whether it breaks through the recent downward resistance trend line
PLUG set up on support for Long EntryPLUG is on a 60 minute chart ascending in a relatively parallel channel and oscillating within
it. Price has cycled into the lower thick green support trendline. A falling wedge pattern is seen
It is now on its second touch of the support. PLUG has gained 75% in three weeks. As a green
energy small cap, it is sharing an uptrend with FCEL, QS and others.
I find PLUG properly situated to add to my position taking a trade of more shares long. I call it
buying a fall into support and buying a falling wedge set up for a breakout ( again).
Yesterday a successful put option scalp provided profit to redeploy here. I will roll over
options expiring February 16th into March 16th. The monthly call contracts have the narrower
spreads and better liquidity from volume.
Maintain Buy Position Maintaining buying position with this long trend with the target price at $5.00
Plug Power slow mover upwards!!Price projections are out there as investors mull over what there response will be! My game plan with current trend! Target at 4.65, back in at 3.95
PLUG, the inevitable story Ill update this as it goes along. if you see something i dont let me know.
Up Up and Away!!!!With .78 retracement on Day Candle, Plug power in position to trigger monthly candle at a target of 6.50. Shorter's of the stock seem to be losing the battle with massive volume pouring in and buyers holding steadfast anticipating a long overdue run!
The PLUG power on! The trade is continuing.So the price went backt to the demand zone ( purple box zone).
The earnings is quite good, so I think the price will rally to the upward side.
It has a good risk reward ratio.
Could a 1 Month Candle trigger happen this month?With organization growth and delivery of its product in action, will Plug finally make the turn?
One month candle are certainly indicating a shift in my opinion.
PLUG Charts Course for Growth Amidst Green Hydrogen RevolutionsPlug Power Inc (NASDAQ: NASDAQ:PLUG ) has emerged as a trailblazer in the green hydrogen economy, reporting a year of strategic growth and operational milestones in its latest financial results. As the world shifts towards cleaner energy alternatives, PLUG's commitment to driving sustainability and energy independence through innovative hydrogen solutions has positioned it as a frontrunner in the transition to renewable energy sources.
Fueling Operational Excellence:
NASDAQ:PLUG 's relentless pursuit of operational efficiency has propelled significant revenue growth, underscored by advancements in hydrogen production capabilities and the expansion of its energy solution portfolio. The successful commissioning of the Georgia hydrogen plant, boasting the largest PEM electrolyzer system in the U.S., highlights PLUG's dedication to scaling up hydrogen production infrastructure.
Innovative Product Offerings and Market Expansion:
PLUG's foray into new product launches, including hydrogen storage tanks and mobile liquid hydrogen refuelers, showcases its commitment to driving innovation in the energy sector. Moreover, the expansion of NASDAQ:PLUG 's installed base with key customers and the introduction of a new platform for mid-market material handling sites signify its growing footprint in the material handling space.
Strategic Investments and Market Positioning:
Beyond operational achievements, NASDAQ:PLUG 's strategic investments aimed at promoting global sustainability and energy independence have reinforced its market positioning. With over 69,000 fuel cell systems deployed and plans to operate a green hydrogen highway, NASDAQ:PLUG is not just a player but a leader in the hydrogen fuel cell technology market. By targeting multiple green hydrogen production plants, NASDAQ:PLUG is laying the groundwork for a sustainable energy future.
Path to Decarbonization:
PLUG's CEO envisions a future where decarbonizing the economy is not just a goal but a reality. Through its green hydrogen initiatives, NASDAQ:PLUG is driving tangible progress towards achieving this vision.
Plug Power was a top loser this quarter, falling -15.1%.The last earnings report on September 30 showed earnings per share of 49 cents, missing the estimate of $1.25. P/B Ratio (3.601) is normal, around the industry mean (3.775). P/E Ratio (50.264) is within average values for comparable stocks, (50.885). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.334). Dividend Yield (0.000) settles around the average of (0.041) among similar stocks. TDW's P/S Ratio (4.063) is slightly higher than the industry average of (1.409). With 536.06K shares outstanding, the current market capitalization sits at 3.72B.
Prime to go higher!!! The monthly chart reveals several confirmations, with a tightening falling wedge pattern converging on the pivot. Additionally, there is an accumulation of the second-highest bullish volume for the month. The current price is positioned at the Point of Control (POC), representing the highest liquidity volume. This setup appears poised for an imminent upward movement.
Uline and Plug Power Forge Ahead with Hydrogen PartnershipPlug Power Inc. (NASDAQ: NASDAQ:PLUG ) and Uline, the renowned distributor of shipping and packaging materials, have announced a groundbreaking expansion of their partnership. This strategic collaboration underscores Uline's unwavering commitment to harnessing cutting-edge technology for operational excellence while propelling Plug Power into the forefront of the green hydrogen revolution.
The cornerstone of this expanded partnership is the deployment of Plug's state-of-the-art hydrogen infrastructure and fuel cell solutions at Uline's new campus in Kenosha, Wisconsin. With an eight-year commitment and a hefty $20,000,000 expansion investment, Uline is set to revolutionize its operations by embracing hydrogen-powered logistics on an unprecedented scale.
The integration of on-site hydrogen infrastructure, featuring an 18,000-gallon hydrogen storage tank and 17 hydrogen dispensers, will service four distribution centers within Uline's sprawling Kenosha campus. Furthermore, the partnership entails the adoption of 250 fuel cell forklifts, leveraging hydrogen generated on-site to fuel their operations. This visionary move not only enhances operational efficiency but also underscores Uline's dedication to sustainability and innovation.
Wade Goff, Director of Redistribution at Uline, lauds the transformative impact of Plug's hydrogen and fuel cell technology on their operations. He emphasizes how these solutions have significantly boosted productivity, aligning seamlessly with Uline's core principles of speed, passion, and operational excellence. By prioritizing the adoption of hydrogen-powered logistics, Uline sets a new benchmark for environmental stewardship within the distribution industry.
Andy Marsh, CEO of Plug Power ( NASDAQ:PLUG ), hails the expanded partnership with Uline as a testament to the game-changing potential of hydrogen and fuel cell technology. He emphasizes how Plug's solutions deliver unparalleled benefits in terms of productivity and predictability, perfectly aligning with Uline's business strategy of same-day turn-around. This collaboration not only reinforces Plug's position as a global leader in comprehensive hydrogen solutions but also underscores its pivotal role in driving the green hydrogen economy forward.
The roots of this transformative partnership date back to 2015 when Plug and Uline first joined forces at Uline's distribution center near its corporate campus in Pleasant Prairie, Wisconsin. Over the past eight years, Uline has leveraged Plug's fuel cell solutions across its operations, operating 270 fuel cell forklifts across six facilities. With this expanded partnership, Uline is poised to operate a total of 520 fuel cells and 34 dispensers across ten facilities, cementing its status as one of Plug's largest customers.
As Plug's hydrogen infrastructure takes shape at Uline's Kenosha campus, the stage is set for a paradigm shift in the logistics landscape. As Uline and Plug Power ( NASDAQ:PLUG ) forge ahead, they pave the way for a greener, more efficient future in logistics, leaving an indelible mark on the path to a hydrogen-powered world.
PLUG - LONGAlright, Plug Power (PLUG) and why there's a cool trade idea brewing. Despite the ups and downs in their earnings and revenue forecasts, it seems like the market isn't keen on dropping PLUG's price any lower than where it's at now. Mygame plan: we're looking to jump in at around $3 per share if we see somthing like a rejection and spike in volume.. The vibe is, the market's undervaluing PLUG right now in this consolidation range, especially with some growth on the horizon. Planning ride that wave and then look to hop off with our pockets a bit heavier, aiming for an exit between $4 and $4.50. It's a bit of a sweet spot – taking advantage of the market's current mood towards PLUG and betting it's going to climb. Not the most conventional play, but if you're up for a bit of a gamble with a decent chance to score, this could be a good move.
Fibs confluence if i bring the extension to $3 range a 618 as a $4.50ish target, also LVN confluence..
H&S pattern. Shorts are coming!Plug Power formed a Head and shoulder pattern. My price target is 3.65$
Technical Wolfe WaveA follow up to my last post because trading view would not let me edit post. Chart was cut off.
Technical Wolfe WaveHere we find a technical bullish Wolfe Wave Pattern. With price closing above the formed falling wedge's end point. Therefore in my experience this Wolfe Wave is in play. I will be using the green trend line formed from waves 1 & 3 as a target price.
PLUG Wolfe Wave Pattern longPrevious Wolff Pattern played well. At this point, I can see a newly formed Wolff pattern+ support from 0.382 fibo. Expecting a bounce to 4.35 and 4.95 after. We may see a retest of 0.382 fibo and bounce after.
PLUG - flagging at rest for continuation LONGPLUG on the 120 minute chart is resting on its trend up. Earnings are about 4 weeks ahead.
The uptrend has been solid. Two bull flag patterns are noted along the way. They follow
pops on the Relative Trend Index indicator also showing bullish buying volatility on the
Relative Volatility indicator. I see the rest ( consolidation) as a good point to add into my
ongoing long position for PLUG which recently got an upgrade and higher target by more than
one analyst. For a basic and simple trade, take the 3rd upper VWAP band at 6.35 as the target
the mean VWAP at 4 as the stop loss for a basic3:! R:r trade. For something better zoom into
a 15-30 minute time frame reset the anchored VWAP and fine tune.
PLUG 's momentum continuation LONGPLUG's momentum had a good move today. PLUG is moving in a descending channel. Today
other EV stocks including TSLA, LCID, NKLA, FSR had big moves. TSLA's was the smallest in
percentage but the biggest in market cap regain. PLUG is now at the 0.5 Fib
retracement level. The zero-lag MACD and dual TF RSI indicators are about to cross the zero
and 50 levels respectively. The predictive tool ( Echo by LuxAgo) predicts a move to
5.95 by mid-February. This is about 50%. With the 11% move today, PLUG could be getting
overextended but the algo does not suggest that. As with other penny stocks risks are high but
a return of 50% in three weeks would offset the risk. I will trade PLUG here using a stop-loss
of 3.55 below that black horizontal Fib level. My $3.5 options for 2/2 did 300% unrealized
today. In the next 2 days I will roll them forward into the 2/16 expiration $4.5 strikes.
