There are two possible scenarios for PLUG's stock performance
Strong Support: PLUG presents a buying opportunity.
We've identified a strong support zone, ranging from $2.85 to $3, where the price has consistently been rejected, indicating robust support in this range. Additionally, there's a trending line that has proven to be a significant support point, often leading to a price surge when it's reached. Also, the RSI on the 4-hour chart is currently indicating an oversold condition
Stop Loss: 2.80.
Profit Targets ($4.8 and $6).
First Target: $4.8. Here, I suggest taking 20% of the profits.
Second Target: $6. At this level, taking another 60% of the profits is recommended.
Final Target: $12. This is the point where I recommend taking the largest portion of the profits, which is the remaining 100% of the position.
Risk Management: My strategy involves a clear plan for taking profits at various levels, aiding in risk management, and securing gains.
Personal Opinion: This reflects my opinion, and I encourage others to consider taking profits in a staggered manner, as per my suggested levels.
It's essential to understand that this is a personal viewpoint and strategy. Market conditions can shift unpredictably.
Traders should do their research and assess their risk tolerance before adopting any trading strategy.
Please be aware that this analysis represents my perspective and is not professional financial advice. I am not a financial advisor. Each individual should research thoroughly and consider all risks before making investment decisions. Markets are inherently unpredictable, so informed and cautious trading is always advisable.
We've identified a strong support zone, ranging from $2.85 to $3, where the price has consistently been rejected, indicating robust support in this range. Additionally, there's a trending line that has proven to be a significant support point, often leading to a price surge when it's reached. Also, the RSI on the 4-hour chart is currently indicating an oversold condition
Stop Loss: 2.80.
Profit Targets ($4.8 and $6).
First Target: $4.8. Here, I suggest taking 20% of the profits.
Second Target: $6. At this level, taking another 60% of the profits is recommended.
Final Target: $12. This is the point where I recommend taking the largest portion of the profits, which is the remaining 100% of the position.
Risk Management: My strategy involves a clear plan for taking profits at various levels, aiding in risk management, and securing gains.
Personal Opinion: This reflects my opinion, and I encourage others to consider taking profits in a staggered manner, as per my suggested levels.
It's essential to understand that this is a personal viewpoint and strategy. Market conditions can shift unpredictably.
Traders should do their research and assess their risk tolerance before adopting any trading strategy.
Please be aware that this analysis represents my perspective and is not professional financial advice. I am not a financial advisor. Each individual should research thoroughly and consider all risks before making investment decisions. Markets are inherently unpredictable, so informed and cautious trading is always advisable.
Comment:
Yesterday, we breached a significant support level. If we close the week below $2.8, it appears we are headed towards the $1.8 zone.
Comment:
Yesterday, I bought 1,000 shares when the price dropped to $2.30. This price level has been significant historically, as we've seen more than one bounce from it, specifically on 15 May 2015 and 3 October 2019. Additionally, there was a notable rejection on 21 September 2015, among other instances. These patterns demonstrate strong support and suggest a potential for retesting the $3 area from this low
Comment:
Now, we are witnessing the price retracing back towards the trend line, forming the ABC pattern, with D potentially moving towards the $8 zone.
Comment:
Comment:
Bears are attempting to lower the price, but they seem unlikely to succeed and may soon face liquidation
Comment:
If we break 4.10 and close above this level, we should see a bullish consolidation leading to an upside continuation in breakouts.
Comment:
Currently, we are in the midst of a short squeeze, potentially boosting upward momentum. With volume declining during the bottoming process, there's a high probability that PLUG has reached its low. Anticipate substantial trading volumes in the coming days. Get ready!
Comment:
Today presents two possible scenarios: either we break out of the falling wedge towards $4, or we see another red candle to close the gap at $3.08, after which the price is poised to surge toward $4
Comment:
🚀 Predicting major moves ahead. Don't miss out on riding the green wave. Full analysis here:
Comment:
I've sold all my
PLUG
shares once we closed below 3.24$ as the outlook appears bearish, with expectations that it may head towards $2.60 to close the gap, and possibly even drop to the $1.85 level. I'm expecting it to reach the $2.60 level.
PLUG
shares once we closed below 3.24$ as the outlook appears bearish, with expectations that it may head towards $2.60 to close the gap, and possibly even drop to the $1.85 level. I'm expecting it to reach the $2.60 level.
Comment:
As I mentioned,
PLUG
is more likely to drop to around $2.6. Technically speaking, we failed to break out of the falling wedge, indicating we are heading toward the $1.8 zone.
PS: Not a financial advisor
PLUG
is more likely to drop to around $2.6. Technically speaking, we failed to break out of the falling wedge, indicating we are heading toward the $1.8 zone. PS: Not a financial advisor
Comment:
For long-term investment, PLUG currently offers the best price, but adding a stop-loss at $2.6 is a wise decision. However, if the price drops, it might even fall to $1.85. At the moment, PLUG has no clear bottom unless we break the downtrend
Comment:
PLUG
is showing a bearish trend, and I'm eyeing a long entry at $1.40. As I said, breaking below $3.24 has led us to key levels at $1.87 and $1.40 1.618 Fibonacci level
PLUG
is showing a bearish trend, and I'm eyeing a long entry at $1.40. As I said, breaking below $3.24 has led us to key levels at $1.87 and $1.40 1.618 Fibonacci level