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PLUG POWER INC

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PLUN trade ideas

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 $19 level. If it is a reversal pattern, look for a bounce off that gray line with a new price target of the top gray line. It is important to put this in broader market context. The Fed has DOUBLED their planned tightening and the market volatility is way beyond normal--- i.e; reminiscent of prior big drops. Be careful and be nimble trading. Be patient before entering a long term trade. GLTA.
NASDAQ:PLUG
by hawkowl
Plug Power, out of power, power plug. PLUGWe just completed a 5 Wave impulse, and waiting for a drop. How low remains to be seen. Actually, so does the confirmation, so relatively aggressive here. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NASDAQ:PLUGShort
by Rykin_Capital
3
Plug power Ran through the chart and decided to close my buy zone. Looking at the wave count if this is correct then we are in a 4th wave correction. Wave 4 Cannot go below wave 1 therefore if this count is valid it should remain intact at 36$-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
NASDAQ:PLUG
by Erictaylor
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!
NASDAQ:PLUG
by Erictaylor
PLUG good base for investorsFundamentally, the recent key news: In Q3 of 2021, Plug Power reported revenue of $143.9 million,which was 34% higher compared to its year-ago period. Analysts expect the company to increase sales by 47.3% to $496 million in 2021 and by 74.5% to $866 million in 2022. This expansion might allow Plug Power to narrow the loss per share from $1.58 in 2020 to $0.25 in 2022. On the other hand: Plug Power ended Q3 with $4.27 billion in cash and $730 million in debt. However, the company is still reporting a negative gross margin and will require significant liquidity to offset it's high cash burn rate. Also consider bloom energy, many investors compare them. In the end, bot stocks are a good choice of an portfolio. Technically, PLUG is slowly leaving his current channel and seems to form a new sideways channel. But due the volume impact in that area, we could see another leg up. Currently we have to watch the behaviour of the investors (the volume) and the biggest supports to ensure the continuing trend confirms.
NASDAQ:PLUG
by TradeandGrow
PLUG; strong uptrendTREND Strong uptrend as indicated higher high and higher low with two gaps: Breakaway gap and Common gap Price action Just breakout from the 2nd Darvas box Volume Bullish volume are consistently above MA while bearish volume Indicator Keltner Channel is used as an indicator where this indicator confirms that the uptrend is strong. This is indicated by how the candles are consistently above the EMA 20 (the median of the channel) and on the upper part of the channel. Risk management Cutloss 43.44
NASDAQ:PLUGLong
by WayanEko