$PLUG formed a bullish wedge below a key structure level. Watch for continuation to the upside. Confirmation with a close above the key level, Target $38
PLUG ICHIMOKU ANALYSIS :
The price is currently supported by Kijun, Tenkan and 20 and 50 EMAs, with Kinjun and Tenkan about to cross over. The price action is building pressure for a move above the 2 following resistances:
1. the current candle is just at the top of the cloud, looking for a break out.
2. The lagging span is stuck below the 100 EMA and...
It looks like the EV sector is gaining some volume and PLUG is on its way to its old levels. The consolidation between the last major wave and this one is a very good sign for me that the volume and momentum of this stock is going to be maintained going forward. Still early in wave 3 so an entry now would still give you a good R/R. As always manage your risk and...
Hello traders and investors! Let’s see how PLUG is doing today!
First, we had a Double Bottom triggered in the 1h chart, and the key point was the $ 30.40 – remember this point. What’s more, it did defeat this key point by doing a Breakaway Gap.
Now, the technical target is the $ 34.35, but since PLUG is quite far from its 21 ema, pullbacks are expected, but not...
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...
PLUG might be instore for a strong rally. If earnings go well we can see possibly 31.90 which is the .236 level on my Fibonacci retracement. from there we can see a break toward 35-36 by end of the week. I do not expect earnings to make a strong jump because it might make this an unhealthy set up. A nice steady rise in price will always have a better outcome for a...
🔌 PLUG 6/22-7/9 Trade Plan 🔌
📈 Long Above SL 30.60's
🎯 TGT near 31.50's, 32.70's, 34.30's,
❌ SL 30.60's
📉 Short Rejecting 29.70's
🎯 TGT near 28.70's, 27.60's, 26.70's
❌ 30.30's
✅ Trend Line Confluence from May 2021 Lows.
✅ Earnings Report coming up on tomorrow morning, June 22nd.
Wait for a Confirmation before Entering.
PLUG is currently trading at $29.17. Stochastic hit oversold, Price action seems like a reversal pattern.
Support line $29 is very strong, I thought this is a good time to enter. Target is the same as the previous post $47 - $48 for the 1st target.
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This is not financial advice. I'm not a Financial Advisor.
Trading...
![PLUG: [plug power] buy the dip](https://s3.tradingview.com/q/qY4vn3Ob_mid.png "[plug power] buy the dip")
