PLUG on the weeklyNASDAQ:PLUG
double bottom on the weekly with major bullish divergence
return on the EV play ?
PLUN trade ideas
plug i have better descripton of all of this if you check my youtube channel out. give me a like and subscribe if your not already!! id appricate it so much! look for Eric Taylor Stocks and youll find me, i also take requests.
anyways plug could be setting up but beware if this double tops here. ultimate bullish mode if we close above 23.40 the race is on, next key resiatnces 23.09 23.38 and 25.79
Key support is 22.48 and 22.67-22.74
curently bearish divergents on 1 hour if we cannot clear 23$
$PLUG let the harvest begin*This is not financial advice, so trade at your own risks*
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*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team got into $PLUG this afternoon at $24 per share. The stock now sits at $24,75 after correcting from its previous high of $75.49. $PLUG is a hydrogen energy company towering its industry. With energy concerns around the world continuing to grow, my team believes that $PLUG is in a good spot to reap some gains.
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Plug If plug can close a 4hour candle above 22.64 we could see a now move up to retest the breakdown reisatnce of 29.40
Has The Plug Been Pulled? Plug Power - Short Term - We look to Sell at 24.46 (stop at 27.27)
We look to sell rallies. Previous support at 24.00 now becomes resistance. The bias is still for lower levels and we look for any gains to be limited. Our overall sentiment remains bearish looking for lower levels. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 24.00, resulting in improved risk/reward.
Our profit targets will be 14.62 and 12.21
Resistance: 24.00 / 30.00 / 40.00
Support: 17.50 / 15.00 / 10.00
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Garbage Stock. Buy puts.Worst performer of all "growth" stocks, all of which are getting obliterated.
PLUG Plug is displaying an inverted head and head shoulders. Highly likely probability is that it will make the right shoulder and fall.
PLUG Power Possible ReversalIt's the first time since July we have seen the price movement - break above Anchored VWAP
Key Level to hold would be SMA100 which is being tested at @ 27.66 and needs to be held.
Money flow went positive with MACD showing a positive indicator too
Momentum just went above one which is a very healthy indicator.
The next key resistance level will be at SMA200 35.41
$PLUGRSI divergent
Double bottom on the 4h, although looking at the weekly it could retest long term support before breaks out
UW flow bullish
I will only add to my position in a couple days once confirms trend
Make or Break timeApproaching the must hold line of the bottom of the ascending wedge (gray PT line). If it breaks through, it can easily slice down to the $19 level. If it is a reversal pattern, look for a bounce off that gray line with a new price target of the top gray line. It is important to put this in broader market context. The Fed has DOUBLED their planned tightening and the market volatility is way beyond normal--- i.e; reminiscent of prior big drops. Be careful and be nimble trading. Be patient before entering a long term trade. GLTA.
plug long setuplittle plug setup here
buy the local golden zone ($23)
sell the -0.236 algo target ($42)
this is a high probability trade setup, but always make sure to keep a stop loss just below this golden zone ~
if plug ends up taking out that upside algo target, then this move up is going to be counted as a wave 3, and it will go much higher.
watch for the reaction as it nears $42, and take profit accordingly
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Plug Power, out of power, power plug. PLUGWe just completed a 5 Wave impulse, and waiting for a drop. How low remains to be seen. Actually, so does the confirmation, so relatively aggressive here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
plugeverything seems to be lining up perfectly! as long as these levls comntiue to hold i see a 65$ plug around the corner ! these levls need to hold but i am bullish and feel srongly they will i got my buy orders filled today around 35.40 so im putting my money where my mouth is
Plug power Ran through the chart and decided to close my buy zone. Looking at the wave count if this is correct then we are in a 4th wave correction. Wave 4 Cannot go below wave 1 therefore if this count is valid it should remain intact at 36$-35.85 area. I’m waiting to see if this will play out. If it does then 35.85ish range should hold as strong support. Will also backtest previous resiatnce range before we broke out leading wave 5 the final wave to the 1.618 of 65$ or a less volatile 5th wave would be less but I’d have to check on that target. If interested let me know
Plug power We had. Strong move up to the .618 fib and saw rejection. I am watching this 37.75 if we do lose it an close below my main area I’m watchig for is 36.19. It would be a backtest of previous resiatnce of that bearish trend we hovered in for a few months. We do Howver have some start ichumchi cloud trend support below down to 37.56 so that being said I did open a small postion here velow 38$. Just my veiw if the floor falls out that’s what risk management is for. I will put faith in some of my key indicators on this one. Good luck!
Week Two< LongHolding this week, I'm content for the candles to land in the rectangle if the market is still limping this week. I jumped in @ ~43 (yellow); I'm still feeling an upside here, though it may take me holding this an extra week or so than i originally wanted. My calls did bring some cash from the dip, so there was an upside.
PLUG'S DOWNFALL Price is currently testing the $39.50 level as support after breaking a 30 day uptrend channel. I can easily see price breaking this support level and falling the the $35 level. What do you thing?
WATCHING $PLUG - target 35.03WATCHING $PLUG - target 35.03
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