First stock idea I've shared... *gasp*
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...
The PLUG short I posted a while back turned out to be right-on-the-money. Now I wonder if it's time to scale back in.
PLUG has been absolutely hammered and is lagging behind the recent rally. I trade based on technicals, so I have no fundamentals to point to as to why this might be the time to buy PLUG, but looking at the chart, I can't help but think: Who the...
We can see price has been trading within the 10.75 and the 9.25 zones since the middle of March. Today we saw a strong push upwards that may continue and end up breaking to the outside towards the 12.25 zone. We'll keep an eye on this stock and react accordingly.
Over bought. Plug Plower, although promising company & tech, NASDAQ:PLUG still has a long way to go, long term 30$ might be a steal for a company as promising as this but for now I expect a correction down to $25.
Potentially a bottom here, $PLUG has come down a long way here and has a low risk setup to capture a mean reversion move towards resistance from the most recent quarterly report.
Worth a punt as a short term trade, could evolve into a longer lasting bottom too.
Best of luck!
Cheers,
Ivan Labrie
NASDAQ:PLUG
About Plug Power
As the top supplier of complete hydrogen fuel cell (HFC) turnkey solutions, Plug Power is fostering the development of the hydrogen economy. In the midst of a persistent paradigm shift in the power, energy, and transportation sectors to address climate change and energy security, while delivering efficiency benefits and meeting...
This is a 2-month chart (each candle represents a 2-month period) of Plug Power (PLUG). For those who are not already familiar, PLUG is an alternative energy company that develops and manufactures hydrogen fuel cell systems.
I recently added PLUG to my portfolio as a long-term investment. In my opinion, it has one of the best long-term charts of any stock right...
Plug Power - Short Term - We look to Sell at 14.94 (stop at 16.92)
The medium term bias remains bearish. A break of the recent low at 13.68 should result in a further move lower. The sequence for trading is lower lows and highs. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Preferred...
Plug Power - 30d expiry - We look to Sell at 19.18 (stop at 20.73)
Broken out of the Head and Shoulders formation to the downside.
Our short term bias remains negative.
Bespoke resistance is located at 19.00.
Preferred trade is to sell into rallies.
Daily signals are bearish.
We are trading at oversold extremes.
Our profit targets will be 15.31 and 15.01...
Looking at the PLUG Plug Power options chain ahead of earnings, i would buy the $20 strike price Calls with
2023-3-17 expiration date for about
$1.18 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Shoals Tech Grp p is a leading provider of electrical balance of system or “EBOS” solutions for solar photovoltaic, energy storage and eMobility.
IBD ranks NASDAQ:SHLS in number 6 of its industry and has a 95 in its relative strength rating.
Looking at the company's valuations, pure fundamentalists would say it's overvalued. But, the technicals clearly signal...
The red line demonstrates the strong downtrend line that was dominant for some time
The green vertical line displays the point at which this trend reversed
Right now a flag / falling wedge pattern is forming high above, this may breakout further as these bullish patterns do, or collapse to reestablish support for the bulls
Than k you for your likes and support - Really appreciate that!
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The red line horizontal line is a solid historical price support.
The orange horizontal line is the intermediary one and we have seen the market evolving around it and marking important moves from it/to it.
The closer to the red line the...
Plug Power
Short Term
We look to Sell at 29.61 (stop at 33.45)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. In line with resistance, selling has been posted from 30.00. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 17.27 and 14.78
Resistance: 30.00 /...
Hey traders, Its been a rough bear market and I have finally got back in.
There was a huge $369 billion climate bill announcement last week, which gave the clean energy sector a boost. FCEL, PLUG and ICLN etf.
Jan 2023 has over 73000 calls, while there are 18000 puts in OI.
Happy trading!
Plug Power - Short Term - We look to Sell at 18.02 (stop at 20.64)
The medium term bias remains bearish. We have a 38.2% Fibonacci pullback level of 20.09 from 12.70 to 32.05. In line with resistance, selling has been posted from 20.09. Preferred trade is to sell into rallies.
Our profit targets will be 12.72 and 9.45
Resistance: 20.09 / 23.49 / 24.72
...
PLUG bounced from the key level 18.47 5x's! The most recent bounce occurred on July 8, 2022. Previous bounces from the key level occurred on the following dates- February 24, 2022, January 31, 2022, May 11, 2021, November 9, 2020.
Identified patterns include- "Double Bottom" pattern inside of a "Falling Wedge"
IMO PLUG looks good for a swing to the upside....
