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 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
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...
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.
Than k you for your likes and support - Really appreciate that!
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...
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.
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....
Short Term - We look to Sell at 18.09 (stop at 19.96)
We look to sell rallies. The 50% Fibonacci retracement is located at 18.09 from 23.49 to 12.70. Short term bias is bearish. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 12.73 and 11.23
Resistance: 18.50 / 23.30 / 31.70
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....
$PLUG has earnings this week, Monday May 9th after the market closes. My sentiment for obvious reasons I hope.
$PLUG currently has a head and shoulders trading within a descending triangle on the daily and weekly. I kind of don't like the head and shoulders because the first shoulder doesn't touch the neckline but nonetheless There's also a small gap from 17.7...
Goals 28, 31, 35. Invalidation at 17
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the...
It is having a slow recovery from its drop of more than 70% from ATH back in 2021.
1) From its low, it has gained more than 20% and formed a nice Cup pattern on Daily
2) 30sh levels are showing signs of resistance and with recent run-ups, pull back is imminent along with the market
3) Anything above 30 good volume would be bullish case
PLUG Power NASDAQ:PLUG is setting up a post-earnings Support level. As price pulls back from the earnings rise it is making new swing highs and has setup a 50% Retracement at 22.05. This could be an opportunity for a risk defined entry for a swing trade back to the highs or to establish a long term position for investment. Credit to one of my commenters on my...
$CLF bounce due to technical break out from ongoing war conflicts between Ukraine and Russia. with possibility Russia of being cut off for importing goods to other countries.
this makes other energy producers shines due to desperation finding alternative resources.
$CLF failed to meet the wallstreet expectation EPS from recent earnings and got downgrade by...