PLUN trade ideas
PLUG Descending wedge for possoible breakout .
To take a position I will waite till break the trend up with high volume and trade above 1.6$
to confirm .
1st target = 3 .
b carefull its a penny stock now .
keep an eye on this .
PLUG Idea for shorting (and new colored arrows for my ideas)Apart from having new colors on my arrows, this PLUG looks like it might be in decline... will keep ya'll updated...
$PLUG needs to break through 2.14$Plug popped up on my radar but it has some work to do before it gets moving
Falling Wedge & Improved Outlook for $PLUGNASDAQ:PLUG is a company I've had my eye on for some time. Their share price has plummeted over the last few years as a result of poor earnings reports & over-ambitious revenue expectations that fell embarrassingly short.
However, over the past few months they appear to have improved revenue expectations and added some great clients, including:
NYSE:TGT & NYSE:HD - seekingalpha.com
NYSE:WMT - seekingalpha.com
NYSE:PG - news.pg.com
Full List - www.plugpower.com & www.plugpower.com
Currently I'm long from $2.52, $1.60 & $1.72 and plan to hold these positions very long-term.
PLUGI think its a double zigzag correction WXY as the price didn't go above 6.47$ X and now in C wave of Y that targeting a price between 3.65-3.28$ . then it will start either an impulsive wave that targeting a price above 11.7$ or continue up as an XX corrective wave .
best luck .
Bearish Candle Wick WarningPlug Power is at it again with a low volume rally over the last few days (26% before an intra-day reversal) into overhead resistance. I'd like to see a fading sell off before earnings to fill some of those gaps from the last few trading days.
Plug power forming multiple XABCD patternsPlug power looks to be forming both a batwing and gartley XABCD pattern. It is currently in the bullish direction after forming an engulfing bullish line and a bullish 3-method formation on the .236 point, which it appears to be confirming with a bullish movement. I expect this to go to either $7 - 7.35 (high chance) or around $10.30 (low chance), at which point, both will result in a bearish trend.
$PLUG in a corner for next breakoutMilestones ahead for traders of $PLUG. The next breakout could be soon yet volume must be produced. Currently, there is a decrease in volume, leading to a consolidation period. Support line is not strongly established as the resistance line. This can lead to bearish movement. Holders of low strike price are able to withstand volatility daily traders with tight entry points should use protective stop limits.
PLUG - Chart On WatchAscending wedge setting up, watching for 6.40 area break, CMF flip, RSI bounce off 50, Accumulate around 6.00, Target 8.00
PLUG Short after Evening starEvening star candle is confirmed and has been down since then.
Goal is 5,20 and 4,55 mid term.
plug in hourthe 5the wave of the 3rd expeted to be extended targeting 8.26 as God well . Best luck .
