Since the high at 75$ in February 2021, Plug has been in a Downtrend. The Price has been moving inside a Falling Wedge, which is usually a bullish Pattern. The Quarter Results that got published two weeks ago, showed that Plug Power increased their loss, after the Announcement the Price, in the following days, went down by almost 30%. The Wedge has a higher...
stupid dream like idea of plug power. 99% wont happen. But if the market suddenly loves hydrogen again and institutions just pumps in money then hey, maybe we will see this. And I myself will become stupidly rich.
I have a derivative position in this so if this.. so I sure hope this is how it plays out. The arrows in yellow is based on the previous move. As I...
Fundamental analysis:
Record quarterly sales for Plug Power grew 72% year over year.
Plug Power's plans for green hydrogen production have run into some delays.
The timeline for full hydrogen production capacity is being bumped back by about six months.
Technical analysis:
Support: $9 area
Buy: $9.19
TP-1: $10
TP-2: $11.13
SL: $8.61
Here is a stock that has constantly been hammered up and down and as a follower of this stock ive noticed it normally recovers decently well after trending down with the overall market.
however on a 2 or 4 hr chart it looks to have consilidated around the low 9s and high 8s if it can continue its recovery within the next two weeks i it can break resistance of...
PLUG had a nice run up in a textbook 5 wave structure. I expect it retrace now to somewhere around $9 - $10. I've market two potential buy zones (the pink boxes). 9 and 10 bucks is where the most trading took place, so we shouldn't drop beneath that area.
NASDAQ:PLUG
If the price of PLUG breaks above the bullish line of 12.22, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at 12.98.
Conversely, if the price of PLUG breaks below the bearish line of 11.99, it may suggest a bearish signal, implying potential downward price movement. In...
PLUG on the daily chart demonstrates a VWAP breakout having first trended down
into the lowermost VWAP bands from anchored VWAPs originating in November 2022
and January 2023. Fundamentally, PLUG is burning cash but less of it with each
succeeding earnings report. In the past two months price has ascended through a
couple of VWAP lines and has now crossed...
Plug Power war einer der Highflyer im Jahr 2020 (mehr als 500% Kursgewinn).
Danach ging es aber auch wieder steil bergab.
Im Moment versucht sich die Aktie an einem Bodenbildungsprozess.
Ein Rounding-Bottom eröffnet Perspektiven nach oben.
Im Moment steht der Kurs im Bereich des MA200. Dies könnte zu einem Abprall nach unten führen. Wird der MA200 aber...
PLUG enters a long avoided zone and there is no big signs that we can expect to sit there for a long time. I expect a short signal in the marked area.
Target around $12.20
NASDAQ:PLUG Breaking out from a descending wedge and forming a ☕️ pattern. If it breaks above $11.85, it could launch the stock to $18, with $13 acting as overhead resistance.
Targets - $13, $18, $20
Downside risk - $8.77
More than two years trading within this wedge (or triangle). I have a small position, I could take several weeks to break out, but if it happens will be biblical.
PLUG on the 4H chart presents healthy price action. It uptrended for a month starting
in mid-May and then completed a 50% Fibonacci retracement from which it pivoted on
Tuesday, June 27th. The zero-lag MACD shows a classical cross of lines under the histogram
while the histogram was changing from negative to positive. Likewise, the RSI bottomed out
at 32...
Below the previous high at 11.50 this new Bearish Alert may spot a new pullback or a new bearish wave below $9.
Waiting for the full combo to get the entry.
