PLUG trade ideas
Plug Power Analysis 18.09.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I would also appreciate, if you would smash that like button and help me to create more free analysis like that.
Thank you for watching and I will see you tomorrow!
PLUGThere is a variant of a complex wave movement with a very extended third, but there may have already been a third. However, I suppose to return to the level of the last highs. Correction targets are blue.
Plug Power Inc. Is a supplier of hydrogen-friendly zero-emission fuel cell solutions. The company is positioning its hydrogen fuel cells as a reliable alternative energy source for both electric vehicles and businesses.
Main products and services:
• ProGen - standard engines for various electric vehicles
• GenDrive - solutions for powering electric trucks. Compared to standard engines, they stand out for their increased performance.
• GenSure - hydrogen fuel cell solutions for reliable backup and mains power in the telecommunications, transportation and utilities sectors. They are distinguished by increased reliability and resistance to external conditions.
• GenFuel is a system for the supply, production, storage and distribution of liquid hydrogen.
• GenFuel Electrolyzer - modular conventional hydrogen generators optimized for the production of pure hydrogen.
• GenCare is a maintenance program for fuel cell systems.
• GenKey is a complete turnkey solution that includes all the necessary components for the client's needs.
Plug completed three separate share placements from August 2020 to January, raising a total of $ 2.98 billion in cash. As a direct result of these actions, Plug Power now sits on top of a $ 4.5 billion cash pile (and has a debt burden of only $ 705 million). Compare that to Ballard Power's $ 1.2 billion in cash (with negligible debt), Bloom Energy at $ 204 million (with a $ 1.1 billion debt burden) and FuelCell Energy at just $ 139 million in cash (offset by $ 92 million in debt), and it's pretty clear. “Plug Power is far from the fuel cell company with the most financial firepower at its disposal.
It is also very clear that if it can buy success in the fuel cell industry, Plug Power is the company that is most likely to be able to afford the purchase price. For that matter, even if Plug ultimately fails to dominate hydrogen fuel cells, at its current burn rate of $ 368 million a year, it will take the company 10 years to run out of cash.
It is important to understand that although this company looks like the most persistent bet on energy based on hydrogen fuel cells, the profit is still very vague in the distant future. Therefore, in the current realities against the backdrop of overstated promises of the company, shares may seriously sink against the background of investors' disappointment in unjustified expectations, especially on days when the market is weak or overheated.
9/01/21 Wolfe Research Initiates Coverage On Outperform 34.0
8/06/21 RBC Capital Maintains Outperform 35.0
8/06/21 Roth Capital Maintains Buy 45.0
P.S. I apologize for the possibly crooked text, I use a translator to have contact with a foreign audience.
PLUG in a Critical Spot HerePLUG 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
Do you want to pluck Plug Power stock ?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.
Similarly, Plug Power has 2 main clients - what happened if one of them decides not to continue the business relationship ?
There is no diversification in this case and while the future forecast looks bright, the chart in near term has not shown any promising bullish trend.
Plug wavesInstructions and given entries are put on the chart. If any questions just ask: ). As always these are my opinions
As always happy trading : )
Plug breakout from downtrendPLUG's volume has been slowly drying up as it closing in on the end of its wedge. RSI showing a nice wedge as well, eyeing a breakout In September
$Plug - wave 2 reversal around 20.50-2322.30-11.50 would be a good entry for both shares and long dated calls.
PLUG ANALYSIS 11.08.2021Hello 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 them.
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PLUG to break trendlinePLUG 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% $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 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 not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
PLUG might bounce on SupportMight 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.
PLUG: You must keep an eye on these Key Points!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, and now it has been a resistance, following the Principle of Polarity.
Although we have a congestion in the 1h chart, in the daily chart PLUG is in a bearish momentum, as it can’t defeat the 21 ema properly. As long as it keeps between these black lines, nothing interesting will happen.
The situation is quite simple: If we lose the $ 25, then we will head to the $ 18 (if we don’t see any good reaction quickly). If we defeat the $ 28.35, it’ll be great, as we’ll defeat the 21 ema too, and the target will be the $ 36.16.
Where do you believe PLUG is heading? If you liked this analysis, follow me to keep in touch with my daily studies.
Have a good weekend.
plug power 8/5 before fridayWatch 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 breaks 28.40 we will go up
Also could be in the purple C still, which could end right at the previous low in the picture
noticed in the post-market that it definitely should hit 28$ tomorrow with an impulse
And from my previous idea, perhaps #1 was closest, tagged below
Added to $PLUG Target 45.38 for 50.96% $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 not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
PLUG breaking down from its rising wedgeNo 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.
Plug Power, death crossTrendline is broken and maybe it will become an area of resistance. RSI 45 resistance, death cross. Not time to buy?
plug powerSo, 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 whole rest of the market's emotions because IDK when that will finally full blown ABC for us. (5,3,5)
PLUG right below meaningful resistanceIf PLUG breaks the key level with momentum it might have a bull run.
plugging into $PLUG once again*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 at $29.85 after correcting from its previous high of $75.49. $PLUG is a hydrogen energy company towering its industry. My team originally entered $PLUG on 6/1/21 because of a misinformed earnings date which we all thought was taking place on 6/3/21. My team remains just as confident as before that the price action of $PLUG will benefit from this report.
After down trending more than HALF from it's all-time high stockholders should expect $PLUG to uptrend throughout the end of June and July.
My team has brought our average price per share down this morning after purchasing more shares at $29.85.
$PLUG earnings will be announced tomorrow (6/22/2021)
ORIGINAL ENTRY: $30.74
AVERAGING DOWN AT: $29.84
TAKE PROFIT: $47.00
STOP LOSS: $26.00
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Could be...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.
