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!
So the price went backt to the demand zone ( purple box zone).
The earnings is quite good, so I think the price will rally to the upward side.
It has a good risk reward ratio.
With organization growth and delivery of its product in action, will Plug finally make the turn?
One month candle are certainly indicating a shift in my opinion.
Plug Power Inc (NASDAQ: NASDAQ:PLUG ) has emerged as a trailblazer in the green hydrogen economy, reporting a year of strategic growth and operational milestones in its latest financial results. As the world shifts towards cleaner energy alternatives, PLUG's commitment to driving sustainability and energy independence through innovative hydrogen solutions has...
The last earnings report on September 30 showed earnings per share of 49 cents, missing the estimate of $1.25. P/B Ratio (3.601) is normal, around the industry mean (3.775). P/E Ratio (50.264) is within average values for comparable stocks, (50.885). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.334). Dividend Yield (0.000)...
The monthly chart reveals several confirmations, with a tightening falling wedge pattern converging on the pivot. Additionally, there is an accumulation of the second-highest bullish volume for the month. The current price is positioned at the Point of Control (POC), representing the highest liquidity volume. This setup appears poised for an imminent upward movement.
Plug Power Inc. (NASDAQ: NASDAQ:PLUG ) and Uline, the renowned distributor of shipping and packaging materials, have announced a groundbreaking expansion of their partnership. This strategic collaboration underscores Uline's unwavering commitment to harnessing cutting-edge technology for operational excellence while propelling Plug Power into the forefront of the...
Alright, Plug Power (PLUG) and why there's a cool trade idea brewing. Despite the ups and downs in their earnings and revenue forecasts, it seems like the market isn't keen on dropping PLUG's price any lower than where it's at now. Mygame plan: we're looking to jump in at around $3 per share if we see somthing like a rejection and spike in volume.. The vibe is,...
Here we find a technical bullish Wolfe Wave Pattern. With price closing above the formed falling wedge's end point. Therefore in my experience this Wolfe Wave is in play. I will be using the green trend line formed from waves 1 & 3 as a target price.
Previous Wolff Pattern played well. At this point, I can see a newly formed Wolff pattern+ support from 0.382 fibo. Expecting a bounce to 4.35 and 4.95 after. We may see a retest of 0.382 fibo and bounce after.
PLUG on the 120 minute chart is resting on its trend up. Earnings are about 4 weeks ahead.
The uptrend has been solid. Two bull flag patterns are noted along the way. They follow
pops on the Relative Trend Index indicator also showing bullish buying volatility on the
Relative Volatility indicator. I see the rest ( consolidation) as a good point to add into my...
PLUG's momentum had a good move today. PLUG is moving in a descending channel. Today
other EV stocks including TSLA, LCID, NKLA, FSR had big moves. TSLA's was the smallest in
percentage but the biggest in market cap regain. PLUG is now at the 0.5 Fib
retracement level. The zero-lag MACD and dual TF RSI indicators are about to cross the zero
and 50...
The last 3-year trend and the long-term 10-year trend have now broken ~FALLING KNIFE~ style.
PLUG has been a poster child for hydrogen. It may be most prominently known for providing fuel cell delivery vehicles to Amazon.
There are several issues PLUG faces. To name a few:
There are not enough electrolyzers to produce green hydrogen
The price of green...
here are some lines.
I have no idea what it will look like, but there is definitely a massive downtrend that needs to break first. I mean, literally, once it breaks, pretty bullish to like 18, and there is potential to see some crazy numbers again, such as 54.
I like 6.54 or so as a potential buy target, but there is a low all the way down to 4 dollars. I think...
The stock of hydrogen fuel cell company Plug Power (NASDAQ: NASDAQ:PLUG ) has been on a remarkable ascent, surging over 25% in the past five trading days alone. This impressive rally is attributed to several catalysts, including today's surge of 19.3% . Amidst a challenging period marked by a "going concern" warning in its third-quarter report, Plug Power (...
We can see the 3rd touche of the descending triangle. Plug added it was hit by “unprecedented supply challenges” causing hydrogen shortages, while also being squeezed by inflationary costs. While Plug expects the supply issue to ease toward the end of the year, the immediate concern is its need for additional funding. Lets see where we go amigos
