PLUG trade ideas
Does history repeat itself?The previous correction cycle, after breaking the local low, ended with a cup and a nice bounce came.
The current situation is reminiscent of the previous one.
However, if there is a similar volume of short closing now, the down trend of about two years can easily be broken.
I also see signs of this on a larger time plane, on a weekly chart.
Strong bullish MACD divergence
Strong bullish MACD divergence on a weekly chart.
I think we are close to the breakout.
Plug Power -> Another 10.000% PumpMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitaliz e on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Tesla.
Looking at Plug Power stock you can see that after the recent -90% correction Plug Power is now retesting a cluster of support zones from which we could see a decent move higher. Keep in mind that this is a very risky stock so keep your risk small on this trade.
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When the market moves where, and how, and if - these are all unknown.
The only thing which you can control is your risk.
- Philip Basic Trading -
Keep the long term vision🫡
trade recomendation on PLUGhi everybody
as you see, the chart of PLUG compact in the bearish triangle.
if the price break the high band of this triangle, you must be patient for pullback to a support, for take long position.
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in the market, you have to your decision and got responsibility of your behavior.
PLUG CallBuy Oct-06-23 8 Calls @ 0.18 Limit to Open
CCI oversold, Squeezed by Bollinger Bands and at small but critical support with the SR Channel.
Bought for 1.5 week expiration.
Inver Head and Shoulders for PlugNASDAQ:PLUG is one of the stocks that have been sold heavily in August and September. The price action shows consolidation. There is a potential inverse H&S in play. The initial target is 10. If we can break the down trend, this can fly towards 18.
Disclaimer – WhaleGambit. 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 all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of 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.
Hydrogen caseHi. I show PLUG chart overlayed with the three major hydrogen ETF charts. It shows that plug is landing on two prior peaks just as the ETF’s “bottom”. The ETF charts look like they will break out of the bearish channel soon. So, a bullish reversal in plug lines up nicely with bullish reversals in the ETFs, which makes sense. I also show an arrow pointing out where FCEL is in it’s chart. It’s a much older and slower chart than PLUG, but the amplitude is bigger. I bought FCEL at $2.40, and riding it down to, probably, $.81, which closes a gap on the vpvr. It is what it is. By the time I’m in long-term gains, FCEL will be reaching for $100
PULL THE PLUG... GET IT get it get it (annoying kid upclose voice)
im pullin the plug with price rejecting my supply
correlating with some bad economic fundamentals
i like this company social investing fasho
but this guy is unfortunately gonna get thrashed (maybe insiders wanna get their shares back idk)
id love to talk more but meh this tech definietly the future
regardless its gonna crash
and thousand percent spike in like 2026-28 or something if you want more insight i update on posts with 5 or so likes
$PLUG - Could see a reversalNASDAQ:PLUG is trading inside a multi-year descending wedge. There is a potential inverse head and shoulder forming on the hourly chart.
Breaking above $9 could send the stock to $10.50 in the near term.
The stock has 19.90% short interest, making it a potential short squeeze candidate.
In the long term, if the stock can break out of that wedge, it could potentially reach $30.
Targets:
- $10.50
- $12
- $14
- $19
Risk:
- $7.60 - $5
Follow me for Charts and trade ideas.
PLUG | Buy zones | Hydrogen risingGeneral
Looking at 2 zones where i will buy equally amounts of PLUG for longterm hold.
First buy zone is based on the support zone that generated the recent swing high (red circle).
Main buy zone is a resistance level that gave support after it was broken for the big upswing.
Target: Correlation between 50% of the weekly range and top of the last swing.
Stop-Loss: None (Long term investment)
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
PLUG Bull FlagThis could be the time PLUG turns around
PLUG is nearing some long-term support -- assuming the trendline holds, it's a good entry point. Worst case, be sure to use stop losses!
HYDROGEN IS A FUTURE OF ENERGYEnergy transition policies are likely to be major fundamentals behind this investment opportunity. A 20 year frustrating bottoming process, reflecting un certainity, seems approaching a viability, nowadays. It could easily push the stock swiftly higher, testing some major longtime resistance/support while forming a typical trend reversal CUP&HANDLE pattern.
The market is punishing new entrants to Carbon SolutionsThe new entrants to the markets focused on carbon sequestration and avoidance of carbon emissions are being punished on a logarithmic scale compared to the leaders.
For example, SEDG is now down 50% compared to market leaders such as GOOG, and MSFT. Yet, SEDG provides the leading edge technology to bring solar on line to support the zero carbon emission goals of these technology giants. Its nice to be the king, but heavy is the crown.
SEDG is a buy at $150.00
$PLUG - Reversal in the making?NASDAQ:PLUG Hard sell off after ER. It is sitting near Fib support area with both William R% and RSI leveling off in oversold territory. 👀
Plug Power got great Potential!Since the high at 75$ in February 2021, Plug has been in a Downtrend. The Price has been moving inside a Falling Wedge, which is usually a bullish Pattern. The Quarter Results that got published two weeks ago, showed that Plug Power increased their loss, after the Announcement the Price, in the following days, went down by almost 30%. The Wedge has a higher Probability of breaking to the upside and has a bullish Target of 75$, which would be a whopping 800% (!).
I personally dont expect Plug Power to rise until early 2024, because their projects are delayed, their Margin is bad and they need money, also the Interest te could rise further which is bad for Tech-Stocks like Plug Power.
I will update you when we got a Breakout!
Have a nice Day!
HenrikDaCrypto
If earnings are top notch and market likes hydrogenstupid dream like idea of plug power. 99% wont happen. But if the market suddenly loves hydrogen again and institutions just pumps in money then hey, maybe we will see this. And I myself will become stupidly rich.
I have a derivative position in this so if this.. so I sure hope this is how it plays out. The arrows in yellow is based on the previous move. As I think you can tell
$PLUG - Potential buy play with great R\RFundamental analysis:
Record quarterly sales for Plug Power grew 72% year over year.
Plug Power's plans for green hydrogen production have run into some delays.
The timeline for full hydrogen production capacity is being bumped back by about six months.
Technical analysis:
Support: $9 area
Buy: $9.19
TP-1: $10
TP-2: $11.13
SL: $8.61
time to go long and go up with it?Here is a stock that has constantly been hammered up and down and as a follower of this stock ive noticed it normally recovers decently well after trending down with the overall market.
however on a 2 or 4 hr chart it looks to have consilidated around the low 9s and high 8s if it can continue its recovery within the next two weeks i it can break resistance of $10.61usd
id look to start a long position and ride the uptrend and if needed capital if the price were to tank maybe 10% look to short it but it looks due for a reversal..
see an upside of 15%
PLUG long entry setup
plug is good retraced now
in my version of analysis prz y is possivble reverse zone
let's see what happen...^^
Down to $9 - $10 PLUG had a nice run up in a textbook 5 wave structure. I expect it retrace now to somewhere around $9 - $10. I've market two potential buy zones (the pink boxes). 9 and 10 bucks is where the most trading took place, so we shouldn't drop beneath that area.
PLUG | InformativeNASDAQ:PLUG
If the price of PLUG breaks above the bullish line of 12.22, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at 12.98.
Conversely, if the price of PLUG breaks below the bearish line of 11.99, it may suggest a bearish signal, implying potential downward price movement. In this case, the target prices could be set at 11.75, 11.49, and 11.17.
I'm bearish; we have a bearish engulfing on the daily chart and a few gaps below the current piece.
