PLUG was rejected at the $29 November 24 we dropped back to $26 as we held support
PLUG reattempted to retest the $27 level and failed to hold resulting in the retest of the previous support level of $26 as we held support PLUG attempted to close above the VWAP for the day and failed.
November 25 PLUG saw the $25 low as a support we retested the $26 level again held it as a support.
Scenario A: We open strong holding $26 as a support and push to make another attempt to retest the $29 dollar level
Scenario B: We see a retest of the $25 if we failed to hold we can see price back to $24
15 MIN- 52
HOURLY RSI - 54
DAILY RSI - 73
WEEKLY - 77.62
Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has successfully completed one of the largest bought equity deal transactions in the broader clean-tech sector. This marks Plug Power’s largest capital raise in the Company’s history with approximately $1 billion of capital, bringing total cash post-closing balance to $1.7 billion. The capital raise uniquely positions Plug Power to execute and accelerate on its green hydrogen strategy as well as other strategic growth initiatives.
The first two green hydrogen plants are expected to be operational in 2022. All five plants are expected to be operational by 2024, with a total capacity of 100TPD. This would constitute the country's first nationwide green hydrogen network. The green hydrogen generated by this network will support the mission to decarbonize the broader transportation and logistics industries, a mission shared by both Plug Power and its customers. The Company's unmatched industry position as a total solutions provider will also help facilitate the anticipated rapid growth of the hydrogen economy. According to consultancy McKinsey & Company, the global hydrogen economy could reach $2.5 trillion by 2050, representing 18% of the global energy demand.
PLUG reattempted to retest the $27 level and failed to hold resulting in the retest of the previous support level of $26 as we held support PLUG attempted to close above the VWAP for the day and failed.
November 25 PLUG saw the $25 low as a support we retested the $26 level again held it as a support.
Scenario A: We open strong holding $26 as a support and push to make another attempt to retest the $29 dollar level
Scenario B: We see a retest of the $25 if we failed to hold we can see price back to $24
15 MIN- 52
HOURLY RSI - 54
DAILY RSI - 73
WEEKLY - 77.62
Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has successfully completed one of the largest bought equity deal transactions in the broader clean-tech sector. This marks Plug Power’s largest capital raise in the Company’s history with approximately $1 billion of capital, bringing total cash post-closing balance to $1.7 billion. The capital raise uniquely positions Plug Power to execute and accelerate on its green hydrogen strategy as well as other strategic growth initiatives.
The first two green hydrogen plants are expected to be operational in 2022. All five plants are expected to be operational by 2024, with a total capacity of 100TPD. This would constitute the country's first nationwide green hydrogen network. The green hydrogen generated by this network will support the mission to decarbonize the broader transportation and logistics industries, a mission shared by both Plug Power and its customers. The Company's unmatched industry position as a total solutions provider will also help facilitate the anticipated rapid growth of the hydrogen economy. According to consultancy McKinsey & Company, the global hydrogen economy could reach $2.5 trillion by 2050, representing 18% of the global energy demand.