Plugpower
Long #PLUG solar sectorTarget set for #Plug above 28.72
Im watching for a breakout off the current trend bringing us above the upper trend line.
That is where i would expect resistance until its breached.
Lower trend line under it would be expected support, with the bottom most trend line being a possibility if we fall out of trend.
Id stop out below 21.78, if you want to tighten it up, you could look at 23.37
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 Power | Higher High?One of my go-to stocks with an excellent looking TA. Hydrogen stocks are populair at the moment among the renewable energy market. The increased interest and adoption of fuel-cells solutions, and future hydrogen stations, makes Plug Power Inc. an interesting stock to put on your radar. Moreover, it will be even more interesting when it can benefit from the Biden-Harris ‘ticket’ and their $2 trillion climate plan.
Additional Info:
• November 9, PLUG will announce Q3 2020 results (the company had some difficulties regarding achieving profitable growth, but are now in the good direction).
• Plug Power remains on track with the ‘Gigafactory’ and its $1.2B revenue plan.
• Plug Power’s largest customers like Amazon, Walmart and Kroger are benefiting from strong demand for its products.
• Plug Power vertically integrated two hydrogen companies, which grown Plug Power’s opportunities.
$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 $80 mark if some traders come in to also play the chart up.
#TradeSafe
#InvestSmart
#PLUGPOWERINC
NASDAQ:PLUG
PLUG power price action forecast for next week!Our cycles analysis indicates the following forecast for price action this upcoming week! Will be utilizing 10$ 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!!
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






















