PLUG trade ideas
PLUG - Bearish 🧸-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 one of the world's largest energy companies and a leading supplier of hydrogen commercial vehicles," according to a press release.
-Competition is getting on the PLUG.
-Has a great potential but with the given bearish market needs a breather.
Unplugged 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 supply zonePLUG looks to be holding the supply zone nice so I’m going to open some calls here, feel free to TP whenever but SL is a close below the rectangle.
PLUG Bounce IncomingPLUG 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
$PLUG | Bullish Channel & Key Structure$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 you agree with my analysis! 👍🏽
Bullish Long-term $PLUG*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 buy opportunityPLUG 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 Power back on the trend linePLUG 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 might want to participate in
IF it rises above feel free to take profit and buy other assets or go on amazon and treat yo self
trading is about YOU and not your personal life finance
communities make it about the community
never feel ashamed to profit off a great trade
people that bully are those that have lost and have broken their own rules time and time again
#notonmighwatch
$PLUG PT 100 and higherPlug 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 infrastructure. The company offers GenDrive, a liquid hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing internet of things-based maintenance and service program for GenDrive and GenSure fuel cells, GenFuel hydrogen storage and dispensing products, and ProGen engines; and GenSure, a stationary fuel cell solution that offes modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzer, an hydrogen generator optimized for clean hydrogen production. The company offers its products to retail-distribution and manufacturing businesses through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York
PLUG BreakoutPLUG closing above near term high candles of 33.80 and 34.02, on good earnings and a stronger growth backdrop. Play an August 30/25 Credit Put Spread
$PLUG | Bullish Wedge at Key Structure Level$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: WATCH FOR BREAK OUT OF THE ICHIMOKU CLOUDPLUG 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 the cloud. Watch for a retest and a potential break.
I'm entering a long trade on Plug .
Good risk vs reward trade as a stop can be placed just below the 50 EMA. Success will also depend of the overall market next week.
All targets on the chart .
Trade safe.
PLUG DAILYPLUG daily chart is looking hot after bottoming and forming a higher low Looking for a clean break and retest of $34 area for long entry
