PLUG
PLUG POWER: BIG CORRECTION COMING 📉We can see higher-highs on this trend. It's clearly bullish.
I thought the market was going to use the same old patterns (green color).
Shares of Plug Power rallied Monday after the hydrogen fuel cell company reported third-quarter results. New records were set by Plug Power Inc NASDAQ:PLUG in its third quarter.
NASDAQ:PLUG is an overbought and oversold stock. This stock can be easily traced with the Relative Strength Index (RSI). That's why we can predict a big correction coming. It would be a buying opportunity!
Your comments are welcome.
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Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
PLUG Looks Technically Good but a Few Concerns AheadIn this chart we are using the Moving Average Delta (MAD). The MAD calculates the difference between the price and the moving average. Using these two data points helps us see price movements that are normally difficult to see.
The MAD may signal a trend change when the line begins to turn toward 0, the steep of the curve represents velocity of the movement.
Bull Cases
1) Our indicator is showing a trend change with velocity
2) We are in a zone the MAD has historically considered oversold and has reversed from
3) We have made a higher low while managing to appear steeply oversold on the MAD
4) Possible positive response from president
Bear Cases:
1) We established a megaphone pattern which concerns me.
2) Earnings are released Nov 5. and if they disappoint that could severely impact the integrity of our 5 month bull trend.
3) We don't have a lot of support beneath us.
4) Possible negative response from president
I'll let you make the decision which case looks stronger to you.
NASDAQ:PLUG
Indicator: Moving Average Delta Indicator by KIVANC fr3762
PLUG and other parabolic stocks - IWM overlayNot sure why it didn't dawn on me earlier, all of the stocks mentioned in my previous post like:
BYND, PTON, BLDP, FSLY, ROKU, JKS, etc
They're all being pumped up by small cap index.... that's how they're going to get RTY1! (small cap futures) to close the COVID gap. I was trying to figure out where all this money is coming from....
So if you're betting on these stocks, long or short, pay attention to RTY. The overlay is IWM (small cap index fund)
BTW, RTY is overbought, but keeps going up anyways.
$PLUG Plug Power INCMonthly view
Fibs Added
This stock has been on my watchlist since $7 and I didn't get in till a bit after.
I think this really could fly. Its worth it and now under $TSLA as well, I believe they could probably spread and get large in name aswell.
Going long and I think it might hit that $80 mark if some traders come in to also play the chart up.
#TradeSafe
#InvestSmart
#PLUGPOWERINC
NASDAQ:PLUG
$BLDP Long Into Gap Fill & to New Highs$BLDP is looking to fill a gap up to $18 after a double bottom around $14. $BLDP is a fuel cell stock with peer stocks $PLUG $BE $FCEL; I am long the group of these stocks and want to highlight $BLDP here. Especially interesting with $BLDP is the daily TTM Squeeze momentum turning positive after a large selloff & subsequently negative momentum; I am looking for this momentum to flip above the 0 line and continue a longer term trend higher.
Also of note related to fuel cell stocks are EV stocks here. I continue to be bullish and long $SHLL $SPAQ $NIO $WKHS $FUV $TSLA, etc.
Just look at the setup on $SPAQ
PLUG power price action forecast for next week!Our cycles analysis indicates the following forecast for price action this upcoming week! Will be utilizing 10$ strike Put and 13$ strike Call options for 8/21 and 8/28, respectively!!
Ultimately headed to 22-25$ per share by end of September 2020 in our view!!
Let us know your views in the comments below!!
$PLUG Plug Power - Downtrend Breakout on 2x Avg Volume$PLUG Plug Power - Downtrend Breakout on 2x Avg Volume
A pull-back and retest of the downtrend line as support is possible later this week. A successful retest would be the ideal entry point.
Target: $13.00 possible by Sept
*Assumes a positive ER coming later this week.
Note: Not investment advice.
United hydrogen and plug power Plug Power recently acquired United Hydrogen Group, one of the largest privately held merchant hydrogen producers in North America. It was the first independent company to offer a full suite of capabilities in liquid hydrogen production, distribution and logistics.The company has the capability to produce 6.4 tons of hydrogen each day with plans to increase that capacity to 10 tons daily in the near future, as well as plans for further expansion. With the two companies coming together we will be able to advance the hydrogen economy faster and more efficiently-Via PlugPower
$PLUG:NASDAQ - PLUG POWER - Hydrogen Fuel CellsPlug is up 190% over the last 12 months and as an alternate energy source to fossil fuels could be worth a look.
Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997 and is headquartered in Latham, NY.






















