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PLUG POWER INC

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PLUN trade ideas

Time to buy PLUG? The PLUG short I posted a while back turned out to be right-on-the-money. Now I wonder if it's time to scale back in. PLUG has been absolutely hammered and is lagging behind the recent rally. I trade based on technicals, so I have no fundamentals to point to as to why this might be the time to buy PLUG, but looking at the chart, I can't help but think: Who the hell is selling here? We've clearly established some local support around HKEX:9 here, supported by the VPVR spike circled on the right. I think this is going to come down to macro trends, so this idea could easily get invalidated. But I've marked some targets based on previous levels I'll be looking to take profit on if we do see the rally I'm hoping for. If this idea^ doesn't sound all that convincing, then don't buy, I don't blame you. I would consider this a pretty aggressive entry point, but I'm not watching the market closely enough to wait around for more clear indicators of a reversal. So I'm yolo'ing in and will set an alert to prompt me to stop out if I'm wrong. I already got stopped out of my previous re-entry attempt, which is also partly which I'm scaling in. I also marked a mega-bear target, in case I'm horribly wrong and the market nukes or continues to slowly bleed down for some reason. Happy trades, CD
NASDAQ:PLUGLong
by cryptodonovan
5
Personal Journal - Traits of a professionalThis is a personal note to myself. I am starting to understand the traits of a successful and professional trader. Less important is the understanding of the charts and risk management. These things are simple enough to learn. More importantly is that I've come to understand myself. I've learned why I was not patient. I learned why I keep oversizing. I learned why I hesitate. I learned why I couldn't stay consistent. Though I am not fully profitable yet, I feel that I am becoming more aware of the traits that I need to exhibit to become successful. The mistakes mentioned above has cost me more than any other indicator setting. Sure, it's beneficial to fine tune your trading system. However, it's imperative to fine tune yourself in relation to the markets. You never need to get into a trade. You never have to trade with all your capital. You never let your fear stop you from getting into a trade. You never deviate from the plan because you think you know better. Beyond the charts, the numbers, and the screen, it's just you. Your results are a direct reflection of you and your internal state of mind. To trade at the highest level, you must quell the lowest depths of yourself.
NASDAQ:PLUG
by Tradersvoices
1
Personal Journal - The Dangers Of WishingThis is a personal note to myself. You know you do this - day dreaming about how high the chart is going to go when you're going long. You start wishing and hoping that the price will just keep rocketing up in your favor. 1 points, 2 points, 3 points in profit. Who knows where else it could go, maybe 30 points! You're now 10 points in favor. You move your stop to break even but you don't want to take partials, you will only exit for at least 30 points. However, slow but surely the market starts to shift, 9 points, 8 points, 7 points, your unrealized gains are starting to drift lower. But you must hold for 30. 6 points, 5 points. Your elation and and excitement has turned into worry, confusion, and disarray. Why is it not going to the moon? Suddenly a quick spike lower takes you out for breakeven. You may have been able to see the signs of the market turning - lower highs, failed follow through momentum, weak bounces. But you were too blinded by what you wish to see in the chart versus what you're actually seeing. The mind is a powerful thing, it can make you imagine whatever it is you want to imagine. But it can't force the shifting current of the markets as you see fit. Bring yourself back from your daydreams. You must analyze price, not zone out and react to price. The game isn't to forecast price and wish it goes in your favor. The aim is to forecast price and look for signs of it turning - even if it hasn't reached your target.
NASDAQ:PLUG
by Tradersvoices
Personal Journal - Reward yourself through the processThis is a personal note to myself. It's okay to be proud and happy of your accomplishments - whether in life or in trading. You should be. You are doing things that many others would not. You are playing the world's greatest game - Speculation. As such, on the times when you win, it's okay to pat yourself on the back. Some things you have to be careful with is overly exciting yourself and rewarding yourself after a win. Win or loss, the reward is you following the plan, not the number that appears in your trading history. The bigger the number, the bigger excitement right? Isn't this why we got into trading in the first place? For the flashing lights, glitz and glamour? Wrong. Those may be the reasons we got into this industry in the first place but your stay here is guaranteed to be short lived if you want to continue trading the markets so you can feel better about yourself. This game is full of savages and cutthroats. Only the most levelheaded ones stay alive. So be proud of following your process, even if it's a loss. Be proud of following your plan, not only when it wins.
NASDAQ:PLUG
by Tradersvoices
Personal Journal - Learn when to stop.This is a personal note to myself. Imagine the amount of money you could have saved if you simply stopped. The aim of this game isn't necessarily to make money - it's more to keep it. You will feel by not trading that you are "missing out". However, what is actually happening is that you are "missing losses". If you trade with the NEED to be in something then you should definitely not be in anything. True professional traders don't chase a trade - they wait. If there is no signal, they don't trade. It's that simple. They understand that so long as they still have capital, they can still trade. It's okay to take a loss, it's not okay to keep taking losses when your mind is not aligned with the market. When you feel anxious wanting to get into a trade - stop. Get outside and take a walk. When you feel the urge to make money back - stop. Go exercise. When you feel emotional during a trade - stop. Get out.
NASDAQ:PLUG
by Tradersvoices
Personal Journal - Patience WinsThis is a personal note to myself. Patience wins. After sometime in the markets, you are able to "see" winning set ups. You're now able to stay in trades and ride them. You're no longer moving your stop losses or not setting one. The last issue to tackle is the ability to wait. Far too often you took a win on a set up just to try and reverse it to lose more than you've made previously. Or after a win, you tend to take many losses that end up bigger than what you've made and then some. Be content. Celebrate a win. The milestone of a successful trader is not that he is able to trade every market top or bottom. It's that he is able to wait for the set up in which he knows best. Methodical. Surgical. Tactical. Now this may mean waiting the whole day or not taking a trade at all. This does not mean you've failed or that you've left money on the table. You've kept money. You've kept yourself from harm. This is a win. Wait and win.
NASDAQ:PLUG
by Tradersvoices
Daily Wisdom - The Bigger PictureI'm not saying anything new or profound here. This is mainly a reminder to myself. Today is a tumultuous day. Started off with a profit coming from yesterday's holdings. However, knowing that I should trade smaller and on a higher timeframe, whenever I look at charts, my old habits come back - overleveraging and overtrading. If I can make this much on a trade, surely if I quadruple the position next time then I can make that much more! Also if I can be profitable swing trading then surely I can win 10 times as fast if I day trade. My forte is to look at the bigger picture - what is the story price is telling you over the past few days or weeks? Yet when looking at flashing colors and numbers changing on the charts, I become blind sided - my charts zoomed in so close I can only see the past 10 minutes let alone the day. Zoom out. Look at what the chapter is telling you versus the paragraph or sentence. Also - remove the need to "make money quickly". Appreciate every win and understand that they will slowly compound. You do not need to make 10% in a day.w Control your mind, control your trading, control your life.
NASDAQ:PLUG
by Tradersvoices
It's not how but also whenA lot of emphasis is placed on how to trade. What the best indicators are, what the best R/R is. However, I don't see a lot of focus on WHEN you should trade. I don't specifically mean when to get in and when to get out. I mean what HOUR of the day should you trade? There are few factors to this: - When is the time that you are most alert and can focus on the markets? - What HOUR of the day do you tend to see your set-ups form? Most new traders have no idea about these concepts and literally try to trade 24/7. This often leads to burnout and worse - account blow out. It behooves you to use an integrated journal for your trade and see what time of day you are most profitable and you should try to stick to those times.
NASDAQ:PLUG
by Tradersvoices
PLUG forming a HUGE macro cup and handle patternHere as you can see this asset is trading in this range ever since it topped in 2021 marked by the yellow parallel channel, plug power is forming this possible bull flag/handle that could potentially take this stock to new all time highs which seems impossible for now. But who knows what could happen with new hydrogen based technologies/engines. Hydrogen is the most common element so I can see why the potential returns could be huge if this is used as our primary energy source at some point in the future. This big fibonacci downward slopping channel also confirms this. The 3.618 is a macro golden pocket fib extension, and right now as we speak plug is hugging and chopping along this line for years. A clear breakout above this will confirm this bull flag and then create the handle of the cup. Good luck with your trading guys
NASDAQ:PLUGLong
by cicatrace
Is Plug (NSDAQ:PLUG) Bearish Or A Strong Buy?NASDAQ:PLUG About Plug Power As the top supplier of complete hydrogen fuel cell (HFC) turnkey solutions, Plug Power is fostering the development of the hydrogen economy. In the midst of a persistent paradigm shift in the power, energy, and transportation sectors to address climate change and energy security, while delivering efficiency benefits and meeting sustainability targets sustainability targets, the company's breakthrough technology powers electric motors using hydrogen fuel cells. The first market for hydrogen fuel cell (HFC) technology was established by Plug Power. Because of this, the Company has installed more fuel cell systems for e-mobility than any other company in the world, and it also holds the record for buying the most liquid hydrogen thanks to the construction and operation of a hydrogen highway throughout North America. Furthermore, Plug Power offers end users a major value proposition that includes significant environmental advantages, efficiency improvements, quick refueling, and lower operating costs. The vertically integrated GenKey system from Plug Power brings all necessary components together to supply power, fuel, and service to clients including Amazon, BMW, The Southern Company, Carrefour, and Walmart. The company is currently utilizing its expertise, modular product architecture, and fundamental clients to quickly enter additional important areas, including as robots, data centers, and on-road zero-emission vehicles. Is PLUG a BUY or is it still BEARISH? Tradingview reports that 19 out of 30 analysts rate the Plug Power stock as a "strong buy", two analysts rate PLUG as a "buy", and the remaining nine analysts rate it as a "hold" with a maximum estimate of USD 78.00, an average estimate of USD 29.31, and a minimum estimate of USD 13.00. The current PLUG stock price is USD 13.12. The predicted EPS for Q4-2022 is expected to increase by 0.07 to -0.23 from the reported EPS 0.30 from the previous quarter. Analysts predict that the EPS will decrease annually by 0.25 from -0.82 to -1.07 when compared to the reported EPS from 2021. According to predictions, income will increase 2022 compared to 2021, by about 80%. -- Disclaimer Norvestio AS only offers analysis based on analyst estimates and historical data, and our articles are never meant to be taken as financial advice. It doesn’t represent an advice to buy or sell any stock, and it doesn’t take into consideration your goals or financial position.
NASDAQ:PLUG
by norvestio
Plug PowerThis is a 2-month chart (each candle represents a 2-month period) of Plug Power (PLUG). For those who are not already familiar, PLUG is an alternative energy company that develops and manufactures hydrogen fuel cell systems. I recently added PLUG to my portfolio as a long-term investment. In my opinion, it has one of the best long-term charts of any stock right now in terms of the potential for outsized gains in the future. I will explain my reasoning below. Chart Analysis The 2-month chart below shows the entire price history of PLUG. Throughout much of its history, PLUG was resisted by the EMA ribbon (yellow and red lines). The EMA ribbon is a collection of exponential moving averages that act as resistance when price reaches it from below and support when price reaches it from above. If we zoom in (see below), we can see that the EMA has tightened together and PLUG's price is now sitting right on the ribbon. When moving averages tighten like this, they can act as fairly strong support when the price falls to the moving averages from above. Each time PLUG's price has fallen below these moving averages buyers have stepped in, thus causing lower wicks to form. This suggests the market is validating the support of these moving averages. We can see in the chart below that the moving averages held as support even as the Stochastic RSI oscillated down. This is bullish. Indeed, PLUG is forming a bull flag pattern on the log-scale, higher-timeframe chart. A bull flag of this nature can signal a potentially lucrative investment opportunity. For those who read my post on using the money supply to gauge whether an asset is wealth-building, you would know that before entering a long-term investment position in PLUG one should first analyze the asset's chart relative to the money supply. (I've linked to this post in the related ideas below) In the above chart, we see the performance of PLUG relative to the money supply (M2SL). This chart tells us that throughout much of its history, PLUG was a wealth-losing investment asset since the stock's price moved down over time relative to the money supply. The EMA ribbon largely acted as resistance. However, the chart above shows that the moving averages are tightening together and that PLUG's price is consolidating within these tightening moving averages. This is a quite bullish sign. If a breakout occurs, an investment in PLUG could prove to be quite lucrative. In the chart below, I apply Fibonacci levels to the length of the pole that forms the bull flag. We can see a perfect Fibonacci retracement is occurring, as price is finding support at the 0.618 level on the log-adjusted chart. If the bull flag breaks out and a full Fibonacci spiral occurs, PLUG's price can move dramatically higher in the months and years to come. In the below chart, I construct the Fibonacci levels using the all-time peak to all-time low. I drew projection arrows to show two plausible growth possibilities. On a more complex, mathematical analysis, PLUG appears to be priming itself to "jump S-curves". For a more in-depth analysis on what "jumping S-curves" means, you can read my post on the topic linked below. In short, I explain that price action can be graphically represented as a logistic function. Jumping an S-curve occurs when an inflection point is reached whereafter price begins to explode higher at a nearly exponential rate. When the price of a company's stock jumps S-curves, there is usually some major impetus with regard to its earnings or profitability that occurs. For PLUG, that impetus could be hydrogen finally becoming a cost-effective form of energy. Hydrogen power is poised to benefit from multiple tailwinds in the years ahead: (1) Higher energy costs are driving capital into the development of alternative energy forms; (2) The transition to sustainable energy will drive investment capital into alternative forms of energy, including hydrogen fuel cells; (3) As hydrogen fuel cells gain massive adoption hydrogen power will become more cost-competitive. My strategy with PLUG is to accumulate shares in my brokerage and retirement accounts up to a certain defined percentage. I can only ever lose 100% of that defined percentage of my portfolio if I am wrong, but if my analysis is right, the gains may reach as much as 8,000% over the course of years. I know most people on here trade on much shorter timeframes than years, but my opinion is that the greatest wealth-building occurs by staying invested over the long term. Below are some interesting comparable charts. PLUG's current chart looks similar to Monster's chart in 2000 and AMD's chart in 2018. What's remarkable about these charts is how little of an effect even recessions had on the stocks' price movements. In the case of Monster, its price remained generally flat, despite the S&P 500 experiencing major declines during the early 2000s recession. In the case of AMD, one of the worst stock market crashes in history (March 2020) is barely apparent on its chart. This lends hope that even if the U.S. or global economy experiences a recession in the years ahead and the S&P 500 declines, perhaps stocks like PLUG will be less affected. To learn more about hydrogen energy including its advantages and disadvantages, you can check out this video from Bloomberg Quicktake: www.youtube.com As always, trade at your own risk. Anything can happen and my analysis can prove completely wrong. Feel free to leave constructive thoughts in the comments below. Thank you.
NASDAQ:PLUGLong
by SpyMasterTrades
68
Time to pull the PLUG?Plug Power - Short Term - We look to Sell at 14.94 (stop at 16.92) The medium term bias remains bearish. A break of the recent low at 13.68 should result in a further move lower. The sequence for trading is lower lows and highs. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Preferred trade is to sell into rallies. Our profit targets will be 8.01 and 7.50 Resistance: 13.68 / 14.96 / 18.26 Support: 12.70 / 11.90 / 10.92 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:PLUGShort
by VantageMarkets
PLUG struggling after a break from IH&S.Plug Power - 30d expiry - We look to Sell at 19.18 (stop at 20.73) Broken out of the Head and Shoulders formation to the downside. Our short term bias remains negative. Bespoke resistance is located at 19.00. Preferred trade is to sell into rallies. Daily signals are bearish. We are trading at oversold extremes. Our profit targets will be 15.31 and 15.01 Resistance: 16.80 / 18.25 / 19.00 Support: 14.80 / 14.33 / 12.7 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:PLUGShort
by Saxo