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PLUG trade ideas

PLUG POWER ($PLUG): BEARISH OR BULLISH? 🤔$PLUG is more likely to be bearish in the short term and bullish in the long term (it's more a retracing than a reversing). This pennant pattern predict us a bullish scenario. What's your opinion on this? Your comments are welcome. ############## Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
NASDAQ:PLUG
by ymarkets
PLUG monster rally seems to be reversingThis is another request from a follower. I am not in PLUG and am not getting in unless it sees a nice fat retracement. PLUG rallied a whopping 1900% since June (vertical line). For those who got in early, congratulations! I contemplated jumping in about two months ago but thought it was too expensive (and still think it was) but there you have it. I missed out on this one. It seems though that it finally peaked after a sharp exhaustion move that created a couple of exhaustion gaps. Additionally, we have two spinning tops followed by a red candle, which most likely confirms the reversal of the trend. I am inclined to think PLUG will re-test the $37 price point, which was the resistance that it broke before the exhaustion move up (white rectangle). That would also fill the first exhaustion gap. Keep in mind exhaustion gaps are the most commonly filled among all types of gaps. The 50-ema is converging around that area as well. Other indicators also point to a move down: MACD sharp turn, Stoch is in overbought and already crossed bearish. I think (therefore I "bias") that a move to the previous resistance would be fitting for this one so it creates some equilibrium because this rally was insane. That would about 50% retracement. I would enter for the long term around that level if we get there. I plotted the fib retracement levels from the breakout of resistance to the top of the rally so you can have a clear guide where the price could find support on the way down (if that happens. I honestly don't see how it would not but as I always stress, the unthinkable sometimes is possible). Add the 14-ema and the 21-ema to that list of support. Safe trades! Share the love: If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways. Follow for more: I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot! ***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
NASDAQ:PLUG
by Safe_Trades
7
PLUG Power volume based analysis - 3 targets before 80$ and moreThis is a volume-based analysis on Plug Power PLUG. The stock went parabolic (again) and had an impulse wave for the 7 trading sessions and reached 73.90 as 52W highest high. PLUG stock has a lot of” buzz” at the moment and it’s just resting before another wave to 82$ at the end of it. Now the PLUG is giving some gains back and closed on 60.14, but this is far from over. So the volume shows that we have a lot more upside. Volume: PLUG 3 months Avg volume per session: 40.66M PLUG volume surge -the beginning of impulse wave (1.7): 100M PLUG volume peak -day of 52W (1.13): 142M According to the volume, I set 3 targets: Target 1: stock can retreat to the 52$ line, and then converge 52.5$-60$ (Accumulation). Target 2: Accumulation ends, stock rallies breakthrough 61$ to the 67$ line. Target 3: From 67.8$ to 72.5$ there is convergence again – the area needs to be tested. Target4: Break 74$ (h/h) and start a new cycle. The stock has a target price of 85$, and it can easily happen, considering these market conditions but I think the stock will start moving much slower above the 70$ line, buyers will become more hesitant and PLUG will need to “park” there for a while. All things considered, we are very bullish on the company and even 100$+ is achievable, all a question of how long you are willing to wait 😊 Happy Weekend stay safe.
NASDAQ:PLUGLong
by FDGT_academy
4
PLUG: 3 exit strategies you can use now!Hello traders and investors! Let’s see how PLUG is doing today! The stock is performing amazingly well, and so far, we didn’t see any reversal or pullback signs around. And I got some strategies you can use here if you are anxious or afraid of a pullback. First, I would put a trailing stop on the previous day’s low, and if PLUG closes under it, I would just get out of it and wait to buy back after a pullback to the 21 ema. Or I would use the hourly chart to guide me: As long as we don’t see any bearish pattern around, we are fine. PLUG is in a strong bull trend, doing higher highs/higher lows, and you could wait for a bearish pivot to appear to sell your position. Or you could wait for it to lose the 21 ema in the hourly chart , if you are more anxious. But since PLUG is in a very strong bull trend, if it drops, I would only see an opportunity to buy more. Pullbacks are different from reversals, and just like Dow stated on the 6th tenet of the Dow Theory: The trend will persist until a clear reversal occurs. If this analysis helped, remember to follow me to keep in touch with my studies, and please, support this idea if you liked it! You’ll find more analyses on the links below. Thank you very much.
NASDAQ:PLUG
by Nathan_The_Finance_Hydra
5