PLUG in a critical spot here testing a long-term uptrend line. Watching this one closely, big symmetrical triangle on its yearly chart but also quite a large falling wedge (See Chart in Description Below). Bollinger bands are as tight as can be with some bullish divergence on the RSI- Just some FIB levels & RSI-based supply and demand zones to keep an eye on
One thing I have learnt from Covid-19 situation is when it comes, many industries were so unprepared and have no contingency plans whatsoever to counteract it. After all, there were no precedent and it happens way too fast.......
Look at the tourism industry, how fragile it has become and has crippled many countries whose main source of revenue is tourism....
Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of...
PLUG does not have a strong long term trendline, but if it were to break these weaker trendlines that I have identified, I would expect a bullish run due to the infrastructure bill that is being debated.
$PLUG Target 45.38 for 50.96%
Or next add at 24.29
I just wanted to point out here that PLUG crossed above the downward trend line. If it holds, this would be a good place to jump in
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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.
ONLY ADD at support...
Might be a good short term trade here if the price moves up. At a pretty good support area and didn't dive on earning so might be a good sign that stock will move up again.
Worth a watch.
Hello traders and investors! Let’s see how PLUG is doing today!
First, despite the volatility, it is not doing anything surprising today. As we can see, in the 1h chart, PLUG is dancing around the 21 ema, between the support at $ 25.01 and the resistance at $ 28.35.
The resistance at $ 28.35 is quite important. It was a previous support level on June and July,...
Watch this one tomorrow, could be an expanding pattern/diagonal which usually precedes an ABC correction up, then maybe further downside. This would invalidate the 12345 and turn it into a more complex correction
I am long and bullish on this stock in general - but pure price action in the general market will probably dictate whether this goes up or down. If it...
$PLUG Target 45.38 for 50.96%
Or next add at 24.29
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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.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am...
No surprise here. Rising wedges tend to be bearish, and PLUG is following through with that trend. Where will it fall? Doesn't really matter, general idea is in the box below. The "Loading zone" for longs.
So, think this shall be either an expanded or standard flat.
I'm 99% sure that's a running B wave and C could be over, which means impulsive week.
alternatively this could breakdown - as the wave 3 of wave 3 has yet to go above the resistance in the pattern and could become an ABCDE, leading swift downside during the next few days. Probably a hint towards the...
*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*
Recap: My team got into $PLUG 6/1/21 at $30.74 per share. The stock now sits...
