PLUG:Higher high?Plug Power
Short Term - We look to Buy at 15.44 (stop at 12.51)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher highs is located at 14.00. This is positive for sentiment and the uptrend has potential to return. Dip buying offers good risk/reward.
Our profit targets will be 23.88 and 26.00
Resistance: 25.00 / 32.00 / 45.00
Support: 15.00 / 10.00 / 5.00
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PLUN trade ideas
Time to pull the PLUG?Plug Power - Short Term - We look to Sell at 18.02 (stop at 20.64)
The medium term bias remains bearish. We have a 38.2% Fibonacci pullback level of 20.09 from 12.70 to 32.05. In line with resistance, selling has been posted from 20.09. Preferred trade is to sell into rallies.
Our profit targets will be 12.72 and 9.45
Resistance: 20.09 / 23.49 / 24.72
Support: 15.63 / 13.90 / 12.70
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.
PLUG Bounced from Key Level Five Times!
PLUG bounced from the key level 18.47 5x's! The most recent bounce occurred on July 8, 2022. Previous bounces from the key level occurred on the following dates- February 24, 2022, January 31, 2022, May 11, 2021, November 9, 2020.
Identified patterns include- "Double Bottom" pattern inside of a "Falling Wedge"
IMO PLUG looks good for a swing to the upside. It has strong potential to build (especially if it breaks the upper trendline on the chart). You can trade this one 2 ways. The first way is trade it to the upside with the break of the neckline (the neckline broke recently). If PLUG closes above the neckline, I will enter a swing today with next week's contract. The other play would be to wait for a break above the upper trendline.
Expected move- Max move to approx. level 25. Measurement from bottom to neckline is approx. 6. Therefore, a measurement from neckline up ($6 move) is about 25.
PLUG is a stock I typically don't trade but I will "plug it in, plug it in" (if you remember the old Circuit City commercials comment below lol) on my watchlist! This stock will be a fun one to swing and trade next week. I started a small swing position (20 C 22 JUL 22) on it yesterday (Friday, July 9, 2022) with an average fill price at 1.05.
Plug it in,
MrALtrades00
PLUG Possible Double Bottom Looking close into PLUG the over all daily pattern is a falling wedge. However, in the hourly time frame there looks to be a Adam and Eve double bottom looking for a break of the neckline at $19.08 on the hourly time frame. If we can't close above this point I'm shorting PLUG. If we close above this point shown as the green line I'm long currently waiting for confirmation.
Who cut the power off? Plug Power
Short Term - We look to Sell at 18.09 (stop at 19.96)
We look to sell rallies. The 50% Fibonacci retracement is located at 18.09 from 23.49 to 12.70. Short term bias is bearish. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 12.73 and 11.23
Resistance: 18.50 / 23.30 / 31.70
Support: 12.70 / 11.00 / 7.00
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.
Bout to run off on the $PLUG $PLUG has earnings this week, Monday May 9th after the market closes. My sentiment for obvious reasons I hope.
$PLUG currently has a head and shoulders trading within a descending triangle on the daily and weekly. I kind of don't like the head and shoulders because the first shoulder doesn't touch the neckline but nonetheless There's also a small gap from 17.7 to 16.70ish on the daily. I think there's two things that are probably occurrences for $PLUG earnings.
1. Dependent on earnings report and macro market sentiment it could bounce to 24/25 area within or slightly outside of the top of the triangle.
2. Will breakdown outside the triangle on (another) missed earnings report and head towards small gap aforementioned above.
Price targets:
17.70
16.70
14
I plan to watch the price action on Monday to figure out when will be the best time to enter a trade. If we have a green day I'll wait until i feel like the peak has reached or if we're downtrending I will wait for confirmation on 5 and 15 minute time frames to confirm the trend. Obviously an earnings play so probably risking 3-5% max off my account.
$PLUG entry PTs 26.50-27.50 Next Target PT 46.50 and higher^ Plug Power Inc (NASDAQ: PLUG) has signed an agreement with retailer Walmart Inc (NYSE: WMT) for an option to deliver up to 20 tons per day of liquid green hydrogen.
The hydrogen will power material handling lift trucks across Walmart distribution and fulfillment centers in the U.S.
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the mobility, material handling, and stationary power markets in North America and internationally. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing internet of things-based maintenance and service program for GenDrive and GenSure fuel cells, GenFuel hydrogen storage and dispensing products, and ProGen engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzer, a hydrogen generator optimized for clean hydrogen production. The company offers its products to retail distribution and manufacturing businesses through a direct product sales force, original equipment manufacturers, and dealer networks. It has a strategic partnership with Airbus SE to decarbonize air travel and airport operations with green hydrogen; and Fortescue Future Industries to manufacture electrolyzer technology in Australia. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
More power to this Plug. PLUGGoals 28, 31, 35. Invalidation at 17
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
PLUG - Cup and Handle Formation. Is it time for LONG??PLUG power,
It is having a slow recovery from its drop of more than 70% from ATH back in 2021.
1) From its low, it has gained more than 20% and formed a nice Cup pattern on Daily
2) 30sh levels are showing signs of resistance and with recent run-ups, pull back is imminent along with the market
3) Anything above 30 good volume would be bullish case
4) Entry, profit targets, and stop-loss are marked
Is it time to go LONG- maybe. For now, watching these levels.
NASDAQ:PLUG
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PLUG post-earnings LevelPLUG Power NASDAQ:PLUG is setting up a post-earnings Support level. As price pulls back from the earnings rise it is making new swing highs and has setup a 50% Retracement at 22.05. This could be an opportunity for a risk defined entry for a swing trade back to the highs or to establish a long term position for investment. Credit to one of my commenters on my Weekly Livestreams for pointing this out!
Earnings watch 3/1 post-marketEarnings watch 3/1 post-market:
PLUG
AMC
SOFI
CRM
WISH
BROS
BNGO
JWN
CELH
GRWG
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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