For the past 8 years, my strategy has mostly just been to hold a bunch of tech and green energy stocks forever, and that worked quite well, until recently. Now that I'm a little more tuned in to Macro, markets, etc, I see nothing bullish right now, and would rather be in cash to set buys at lower levels. I also want to concentrate my portfolio (diversifying is how you save money, not make money - also, I care more about crypto anyway)
Nothing against PLUG - it's been one of my biggest gainers over the years... I just wish I took profit sooner...
Honestly it's just the technicals that makes me wanna short this. It's failing to break resistance as the rest of the market is puking.
On the one hand, it's bullish that PLUG hasn't dumped with tech stocks. On the other... maybe it's just late.
I definitely intend to buy all my PLUG back as I think it's a great company doing good work to transition us to green transportation :3
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Target 1 hit
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Target 2 hit last month, getting close to 3...
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Looks like this call was right on the money.
But now... is it time to buy...?
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I was so right about this it's almost depressing lol
@Brivax, maybe. but we haven't seen any bullish PA yet, so it would be an aggressive buy w/ stop loss set. Until we see more clear technical signs of a reversal, I'm not loading up
cryptodonovan
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@Brivax, It's a pretty aggressive entry point, but -
rustamgk
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Impressive, good job! (comment from the 29th of Nov 2022)
If plug can hold 25$ though that would be super bullish
cryptodonovan
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@cicatrace, yeah. All the green energy incentives in the Inflation Reduction Act are pretty bullish for the whole sector. But I just don't think macro headwinds will allow any sort of bullish reversal into uptrend for a while yet