First stock idea I've shared... *gasp*
For the past 8 years, my strategy has mostly just been to hold a bunch of tech and green energy stocks forever, and that worked quite well, until recently.
Now that I'm a little more tuned in to Macro, markets, etc, I see nothing bullish right now, and would rather be in cash to set buys at lower levels. I also want to...
These are my Keylevels for PLUG.
Just look how beauty it is.
I love price action and that one gives me the possibilty to make and have an amazing chart = opportunity.
I starting to acumulate PLUG.
As you can see, there is an upptrend on 2W and a falling wedge on DAILY.
Analyzing the options chain and the chart patterns of PLUG Plug Power prior to the earnings report this week,
I would consider purchasing the 6usd strike price in the money Calls with
an expiration date of 2023-11-10,
for a premium of approximately $0.54.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
The previous correction cycle, after breaking the local low, ended with a cup and a nice bounce came.
The current situation is reminiscent of the previous one.
However, if there is a similar volume of short closing now, the down trend of about two years can easily be broken.
I also see signs of this on a larger time plane, on a weekly chart.
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitaliz e on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term...
hi everybody
as you see, the chart of PLUG compact in the bearish triangle.
if the price break the high band of this triangle, you must be patient for pullback to a support, for take long position.
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in the market, you have to your decision and got responsibility of your behavior.
Buy Oct-06-23 8 Calls @ 0.18 Limit to Open
CCI oversold, Squeezed by Bollinger Bands and at small but critical support with the SR Channel.
Bought for 1.5 week expiration.
NASDAQ:PLUG is one of the stocks that have been sold heavily in August and September. The price action shows consolidation. There is a potential inverse H&S in play. The initial target is 10. If we can break the down trend, this can fly towards 18.
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains...
Hi. I show PLUG chart overlayed with the three major hydrogen ETF charts. It shows that plug is landing on two prior peaks just as the ETF’s “bottom”. The ETF charts look like they will break out of the bearish channel soon. So, a bullish reversal in plug lines up nicely with bullish reversals in the ETFs, which makes sense. I also show an arrow pointing out...
get it get it (annoying kid upclose voice)
im pullin the plug with price rejecting my supply
correlating with some bad economic fundamentals
i like this company social investing fasho
but this guy is unfortunately gonna get thrashed (maybe insiders wanna get their shares back idk)
id love to talk more but meh this tech definietly the future
regardless its...
NASDAQ:PLUG is trading inside a multi-year descending wedge. There is a potential inverse head and shoulder forming on the hourly chart.
Breaking above $9 could send the stock to $10.50 in the near term.
The stock has 19.90% short interest, making it a potential short squeeze candidate.
In the long term, if the stock can break out of that wedge, it could...
General
Looking at 2 zones where i will buy equally amounts of PLUG for longterm hold.
First buy zone is based on the support zone that generated the recent swing high (red circle).
Main buy zone is a resistance level that gave support after it was broken for the big upswing.
Target: Correlation between 50% of the weekly range and top of the last swing....
This could be the time PLUG turns around
PLUG is nearing some long-term support -- assuming the trendline holds, it's a good entry point. Worst case, be sure to use stop losses!
Energy transition policies are likely to be major fundamentals behind this investment opportunity. A 20 year frustrating bottoming process, reflecting un certainity, seems approaching a viability, nowadays. It could easily push the stock swiftly higher, testing some major longtime resistance/support while forming a typical trend reversal CUP&HANDLE pattern.
The new entrants to the markets focused on carbon sequestration and avoidance of carbon emissions are being punished on a logarithmic scale compared to the leaders.
For example, SEDG is now down 50% compared to market leaders such as GOOG, and MSFT. Yet, SEDG provides the leading edge technology to bring solar on line to support the zero carbon emission goals of...
