Get started

PLUG

A trading idea on PLUG!If you believe the Nasdaq is going to hit ATH next, PLUG is one of the stocks that can outperform the index (or underperform if it drops). Either way, it is a fact that we have a descending triangle here, the bottom is at 29.81 and it seems it is trying to break the upper line. The RSI has an advanced breakout that could work for us. The problem is the RSI in the 4h chart, that is still a little overbought (not much, but enough to make me wonder if it can keep going up). If PLUG loses the bottom of the triangle, then the bullish idea will be ruined, at least temporarily. But it can fil the gap at 32.13 if it triggers the pattern in the 30min chart. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:PLUG
by UnknownUnicorn21312077
2
$PLUG June Analysis *This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My team got into $PLUG Tuesday evening at $30.75 per share. The stock now sits at $30.28 after correcting from its previous high of $75.49. $PLUG is a hydrogen energy company towering its industry. We have good reason to believe that $PLUG will beat its earnings tomorrow. After down trending more than HALF from it's all-time high stockholders should expect $PLUG to uptrend throughout June. Earnings are expected to be announced tomorrow. 6/03/21 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:PLUGLong
by trethetitan
PLUG - 4h Chart - Longterm BuyOverview PLUG is one of my favorite Stocks already since 2 years. While i dont really care about fundamentals, it is to mention that the German Government will put 8 trillion Euros into the field of hydrogen and as PLUG is one of the big players in that particular field - its worth to mention. Specially since the last time similiar news came out (in November 2020) PLUG started its big run. I look at 3 points where i will buy equally many stocks. The plan is to take out my initial investment at the target area and let the rest run. Dont forget: - Watch your Risk management - DYOR (Do-Your-Own-Research) Please consider: This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor. Thanks for reading! trader_se
NASDAQ:PLUGLong
by UnknownUnicorn1541497
2
PLUG at critical level - time to break through PLUG has been in an aggressive downward move this year. The chart shows two failed attempts to get through the $29.60 resistance level. It is now attempting a 3rd and I'm bullish. Why? The price action shows the aggressive downward move, a breakout from this move around $26.30 and a slight rotation of the angles indicating we may have found a bottom and more buyers are coming in. But the ascending triangle is why I'm hopeful for a rotation up, this is a bullish pattern and it follows the evening out of the slope down. The 29.60 level is critical because it is not only a stubborn resistance, but it now has the 200 EMA sitting on top of it which can also act as resistance. Double Whamy. Because this level is so stubborn I'll be placing a stop buy order on the other side of this, with a tight stop in case of a false break and a rejection back lower. You'll see similar patterns in Bloom Energy, Canadian Solar and some of the other green energy stocks, which suggests a category rotation giving me more faith in the move. Suggest picking which one to trade carefully and not picking all of them without looking at correlation since they're all behaving in very similar ways.
NASDAQ:PLUGLong
by JBlack99
Plug Power | Important PositionAfter a long time, it is time for another $PLUG TA. It is an important week for the fuel cell manufacturer, as the company is estimated to report earnings on coming Thursday, May 20th 🔌🚀 Just to reflect on the chart of last months, since the 26th of January, $PLUG was unfortunately not able to get any higher highs. Completely reasonable, as the stock had to cool off after a period of massive gains. But the stock plunged in these last three months with lower lows, followed by lower highs at all times. Bad news made it even worse for Plug Power, such as a slower than expected adoption of hydrogen fuel cells, a delay in publishing its financial report, a filed shareholder lawsuit, weaker than expected Q1 targets, and profitability which is a problem that exists for such a long time. On the 11th of May, $PLUG stock even dropped below the $20 PPS. However, it recovered a little bit and is currently trading at PM for $24.19 PPS. A higher high is a must at this point to even start talking about a forming bottom at $18.47 and further recovery. First target will be around the $30 PPS where a higher push is needed than the 29th of April’s high. Otherwise, it is highly possible that the stock could go down even further. But it looks like the sun will shine again after the storm. Plug Power is planning to expand its businesses in Asia through a joint venture with previous investor SK Group, multiple collaborations like with BAE systems, and lots of analysts are rising their average price target for $PLUG. In addition, the stock is also oversold on the RSI on the daily chart with a possible bullish MACD cross, which would normally indicate a ‘buy-in opportunity’. On the other hand, Barclays’s analyst Moses Sutton actually lowered the price target from $29 to $24, and the stock is below the 200MA and even the 50MA. In the end we will have to see in the coming weeks where $PLUG is heading towards to, as things are not stable yet. 'Would love to see a rounding bottom pattern though 😅
NASDAQ:PLUGLong
by djaanos
1
PLUG POWER END GAMEDuring these times of volatility, inflation fears mean the end of the world for paper hands. But hey, who can blame them. Today we will be examining PLUG POWER. Pretty simple really, the maximum retrace level is 85.4% which is .146. This is equivalent to 13.4-13.7, our target entry. Under ideal conditions, We should see a big breakout from this falling wedge. If we enter the bear market and it keeps dipping then the next target is 8 followed by 3.25. Bull target is 61.8% higher than ATH.
NASDAQ:PLUG
by ILuminosity
$PLUG Target 51.75 for 42.05% $PLUG Target 51.785 for 42.05% Or next add level is at 21.11 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:PLUGLong
by SPYder_QQQueen_Trading
Added to $PLUG New Target 53.26 for 40.38% $PLUG Target 53.26 for 40.38% Or next add level is at 22.62 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:PLUGLong
by SPYder_QQQueen_Trading
6
PLUG- Future of hydrogen clean energy is uncertainPLUG is arguably the leader of hydrogen fuel cell company. However, there are several concerns that need to be addressed. #1. Hydrogen clean energy is still at the proof-of-concept stage and the natural gas industry seems to be its biggest advocate. Hydrogen gas is emission-free only if it's made by electrolysis from renewable energy. #2. Currently, major renewable technologies include hydroelectricity, solar PV and wind power. Unlike solar and wind power, hydrogen doesn't occur naturally and needs to be manufactured from natural gas. This means that the significant time and cost will go toward setting up expensive infrastructure, storage and distribution networks making hydrogen power much harder and much more expensive to scale compared to solar and wind. #3. Personal transport is one of the biggest application of the hydrogen, yet FCEV (Hydrogen) is steadily losing ground against BEV (Battery Electric Vehicle). The falling battery price and EV tax credit will only accelerate the adoption of EV, further widening the gap between FCEV and BEV. #4. Sky high valuation and recent accounting issues. I'm ambivalent toward PLUG and other fuel cell companies in general. However, I think it is a speculative bet and a good candidate for the swing trade given that one of the focuses of Biden's 2.25 trillion infrastructure plan is renewable power and that investors just love to throw their money on anything related to green energy due to the global decarbonization initiative that aims to reduce the CO2 emission by 50% in 2030. I would initiate a small long position inside the demand zone. Conservative play is to set the target at the daily POC and exit completely. Alternatively, you can sell 50% and keep the remaining position as the potential long-term holding. Do your own research. Not the investment advice.
NASDAQ:PLUG
by Libratus