NASDAQ:PLUG has shown signs of bottom settling in. 4/25 closed a bullish hammer reversal at an important historical support line. I will not enter until MACD turns positive for confirmation.
Retraces below,
{} %30 backtest trendline
{} %80 (dragon breakout pattern typical target/ fib related)
{} %100 macro reverse
PLUG is registering massive volume accumulation this past four weeks.
Net buy volume has surged +34% from its average numbers -- where buyers are getting ready to overtake sellers in anticipation of the stock's long term future upside valuation.
On weekly histogram, higher lows has been created -- conveying the incoming price growth of the stock.
Bubble up...
Strong Support: PLUG presents a buying opportunity.
We've identified a strong support zone, ranging from $2.85 to $3, where the price has consistently been rejected, indicating robust support in this range. Additionally, there's a trending line that has proven to be a significant support point, often leading to a price surge when it's reached. Also, the RSI on...
In 2020, PLUG Power showcased a notable pattern formation—a symmetrical triangle accompanied by a diamond bullish shape. This setup culminated in a remarkable price surge post-breakout. Fast forward to now, and we're witnessing a similar scenario unfold
Key Observations :
RSI Dynamics : The RSI is currently sculpting a falling wedge, indicating a potential...
I think plug is oversold and is steadily increasing revenues. It's current bar formation, position, and volume makes it super attractive with a low risk and high reward profile. Have an exit strategy in case things don't work out and keep your losses small.
Hello, traders and investors. Before I dive into the analysis, please note that I am not a financial advisor, and this is not financial advice.
We're observing the Elliott Wave Theory in action here, where it appears PLUG has completed the Elliott five-wave pattern. The price action suggests we're currently facing resistance at a significant Order Block. Zooming...
Plug Power Inc. is an American company engaged in the development of hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity. The company is headquartered in Latham, New York, and has facilities in Spokane, Washington, and Rochester, New York.
With the price soon hitting support, still maintains BUY Position with the target price of $6
Some analyst rated Plug Power as overweight, means the stock should perform better in the near future
IMO, Plug trend pointing to 5.85 target, My plan - Be patient, should hit 4.50 target tomorrow or Monday thin work its way up to 5.16, then 5.85. Once 5.85 is hit, my guess it will retrace down to .65 percent on day candle.
Plug Power Inc. ability to innovate and stay ahead with technology, especially in hydrogen fuel cells and related areas, is crucial. Advancements that lead to cost reductions or efficiency improvements can significantly impact its market share and profitability.
Recent deals, partnerships, or contracts with other companies or governments can provide immediate...
Last Friday Plug has broken the 4hour GMMA, which is a bullish sign. However, on a daily level, PLUG price has reached 50MA which could be a potential resistance. Also, it is now at the top of the recent downward resistance trend line which might face rejection too if it does not hold.
During the past few weeks, I have noticed that PLUG likes to surge before...
PLUG is on a 60 minute chart ascending in a relatively parallel channel and oscillating within
it. Price has cycled into the lower thick green support trendline. A falling wedge pattern is seen
It is now on its second touch of the support. PLUG has gained 75% in three weeks. As a green
energy small cap, it is sharing an uptrend with FCEL, QS and others.
...
With .78 retracement on Day Candle, Plug power in position to trigger monthly candle at a target of 6.50. Shorter's of the stock seem to be losing the battle with massive volume pouring in and buyers holding steadfast anticipating a long overdue run!
