An inverted H&S forming.
I originally bought options when it was around $30 on the break of a descending wedge and took the majority out when it was around $34.
This looks like a good buy again.
Could see $41 in a couple weeks.
Putting a small portion into this. If it doesn't hold this pattern, I am out.
-While Plug Power didn't have anything to report Monday morning, Hyzon Motors, a manufacturer of hydrogen fuel cell-powered vehicles, did. That company, which plans on merging with the SPAC Decarbonization Plus Acquisition, announced that it has inked a memorandum of understanding with TotalEnergies that "strengthens the existing commercial relationship between...
Short back to primary Trendline around 25-25.50$.
All oscillators are bearish
RSI
MFI
OBV.
Plugged rallied the last 45 days with the rest of Ev, renewable energy, Small caps and memes. Long term its still in a uptrend but now a visit back to primarg trend line seems most likely
PLUG sitting on support, testing downtrend resistance on 15 min chart.
Watch for a break of that resistance and increasing volume for nice bounce play off that support.
Calls > 30.57
$PLUG is trading within a bullish rising channel. Price just pulled back to test the channel support as well as the key horizontal structure level at $30. If market structure holds I expect a bounce and continuation to the upside.
Initial Confirmation above $32.50
Initial Targets: $34.80 | $38
Let me know what you think in the comments. Please leave a like if...
*NOT FINANCIAL ADVICE* *NOT A PROFESSIONAL*
I like $PLUG as a long term hold because it has solid fundamentals. The chart Is in an upward trend from what I can see. Looking for an entry. Here to learn so send me some feedback.
PLUG had an major pullback, but it seems the regression trend is over and the long trend already started strong.
The fundamentals are stable and the risk/reward looks pretty good for a long position.
Lets fill the gap!
PLUG is a long term play, tesla hedge (10 Years)
As long as PLUG is on this trend I will continue to dollar cost average daily
- for beginners this literally means start off slow on cashapp with $10/day
- for advance traders DCAing at levels you feel comfortable buying and buying BIG #getwrecked
If it dips below the parallel stop DCA and find another trade u...
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing...
