PLUG trade ideas
SHORT ALERTPeople are selling and taking profits are avoiding risk as Hydrogen Day was a fail just like Battery Day, Apple Day and now we will se the steam lost from all the hype. It appears to be a double top. Correct me if I am wrong
PLUG october 16 chartWe held a strong support around 17.50 3 touches
We are bouncing around the fib extensions
0.618 touched .5
target goal is 19
positon: 17.53
3:1 risk reward
PLUG and other parabolic stocks - IWM overlayNot sure why it didn't dawn on me earlier, all of the stocks mentioned in my previous post like:
BYND, PTON, BLDP, FSLY, ROKU, JKS, etc
They're all being pumped up by small cap index.... that's how they're going to get RTY1! (small cap futures) to close the COVID gap. I was trying to figure out where all this money is coming from....
So if you're betting on these stocks, long or short, pay attention to RTY. The overlay is IWM (small cap index fund)
BTW, RTY is overbought, but keeps going up anyways.
RIP Plug PowerWas a nice run with Plug Power.
Made a solid 15% profit, but I am predicting that it is going only downwards from now on. At least for some period.
Stock market has gone full bubble modeA number of speculative stocks went pumptarded again into full bubble mode today. I didn;t think that would happen before an election, but here we are.
FSLY, PTON, BYND, PLUG, BLDP .... if you have any others please comment below
$PLUG Plug Power INCMonthly view
Fibs Added
This stock has been on my watchlist since $7 and I didn't get in till a bit after.
I think this really could fly. Its worth it and now under $TSLA as well, I believe they could probably spread and get large in name aswell.
Going long and I think it might hit that $80 mark if some traders come in to also play the chart up.
#TradeSafe
#InvestSmart
#PLUGPOWERINC
NASDAQ:PLUG
Lesson Learned. Sold Too Soon on the News.This is the only trade that I sold yesterday under the news that stimulus plan is gonna be delayed...
Apparently, I don't have much faith in this stock and sold early. Today, it's still following what's supposed to be going. Then, will see the price pull pack after target price got hit. Lastly, a profit is a profit. NO FOMO.
$PLUG Plug Power $18.00 Target
PLUG upside target to @18.00
Confluence of Fibonacci expansion and extension levels,
which also sits on a major pivot point from 2008
Caution needed as Stochastic is beginning to turn over but remain bullish while
volume continues to be so strong.
$PLUG Bullish candlesticks pattern targeting 15.5 to 16Very nice bullish setup for higher targets near 15.5-16 . Small gap at 11.9 which can be Stop loss point too. Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997 and is headquartered in Latham, NY.
Keep PLUGging away!Plug has been a great trade with a "Go" trend established in April. There have been some consolidations but the trend hasn't been broken and we have seen several low risk entries identified by GoNoGo Charts displayed with green circles.
On September 30th, we saw the latest of these, just before the most recent price surge. This surge also has pushed price to new highs. The GoNoGo Oscillator has rallied back above zero also and so the overall technical environment for PLUG remains very strong.
Plug vs Tesla(june-october2020 % change)plug to the moon
Big Ups^ for Plug
%change over 5 months vs Tesla
continued support & growth NASDAQ:PLUG
