PLUG trade ideas
high chance we see upside continuation 🥶last two bounces from this support area lead to some nice upside, also just broke a strong bearish downtrend.
potential targets are 19.28-30.13, drop boost and follow for more! 💙
$PLUG with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $PLUG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
PLUG Plug Power Options Ahead of Earnings Looking at the PLUG Plug Power options chain ahead of earnings, i would buy the $20 strike price Calls with
2023-3-17 expiration date for about
$1.18 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
12/16 Iron Condor IdeaSkewed toward the price being at support (ostensibly).
12/16 Expiration.
+1 $42.5 call
-1 $40 call
--{share price $16.14}--
-1 $12.5 put
+1 $10 put
~$40 credit, $250 collateral.
5:1 risk:reward, (high risk:low reward).
PLUG Bearish inclined naked calls 4 Nov expiry
Whats The Plan/Trade/Thought
Plug is a company that will rely heavily on bank loans to operate, this would probably result in accelerated dips with the increasing interest rates
Risk Mitigation
There is a S&R line at 23.5
Can You Trade The Opposite Side (Y/N)
No
Trade Specs
Sold 420 Calls @ 0.17
Strike 24.5
31.8% to Strike
BP Used: 75k
Max Gain: 7140
PLUG short ideaHey all,
I'm feeling especially bearish on the EV sector & related sectors right now. I like the look PLUG is giving here.
Another opportunity to PLUG the rally?Short Term
We look to Sell at 29.61 (stop at 33.45)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. In line with the possible early stages of a head & shoulders pattern and the strong rejection of gains, we look to set shorts in anticipation of a swing lower. The medium term bias remains bearish. The reaction higher is positive, however, we view this as an opportunity to set shorts in line with the overall bearish move lower.
Our profit targets will be 17.27 and 14.78
Resistance: 32.00 / 46.60 / 73.40
Support: 20.00 / 16.50 / 12.74
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Bull Flag on the weekly chartIt looks like PLUG is ready to break out from its "bull flag" that started forming more than a year ago.
The stock is sitting around its Point of Control (26.02, Fixed range volume profile).
The more times it approaches this level, the more violent the shift will be in one direction.
In addition, the stock is close to the bull flags resistance, which wasnt rejected harsh.
It is important to note, however, that a widespread market seloff could ruin the breakout.
Support: 26.02, 16.83, 10.62
Resistance: 30.21, 40.72, 76.82
PLUG - Trend Reversal The red line demonstrates the strong downtrend line that was dominant for some time
The green vertical line displays the point at which this trend reversed
Right now a flag / falling wedge pattern is forming high above, this may breakout further as these bullish patterns do, or collapse to reestablish support for the bulls
ENTRY OPPORTUNITY POTENTIAL - NASDAG - PLUG - WEEKLYThan k you for your likes and support - Really appreciate that!
________________________________________________________
The red line horizontal line is a solid historical price support.
The orange horizontal line is the intermediary one and we have seen the market evolving around it and marking important moves from it/to it.
The closer to the red line the better long entry point.
We can see that surge in the price happened followed with a step decrease and some failure in the way down to get out of the pattern.
The energy crisis will potentially find investors looking for alternatives still viable.
What about Hydrogen to become THE alternative of ally of energy consumption alternatives ?
Hydrogen is probably a big buy at the moment.
Plug Power USA SSI Live Trading Series
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No more plug based punsPlug Power
Short Term
We look to Sell at 29.61 (stop at 33.45)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. In line with resistance, selling has been posted from 30.00. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 17.27 and 14.78
Resistance: 30.00 / 45.00 / 70.00
Support: 23.55 / 19.50 / 14.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
the next 60 days🥶at extreme trend resistance and previous support which may be new resistance, rejection from here could send it on 30-50% pullback. but break of trend will lead to parabolic breakout.
bearish bias here until trend is broken!
PLUG:Higher high?Plug Power
Short Term - We look to Buy at 15.44 (stop at 12.51)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher highs is located at 14.00. This is positive for sentiment and the uptrend has potential to return. Dip buying offers good risk/reward.
Our profit targets will be 23.88 and 26.00
Resistance: 25.00 / 32.00 / 45.00
Support: 15.00 / 10.00 / 5.00
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Time to pull the PLUG?Plug Power - Short Term - We look to Sell at 18.02 (stop at 20.64)
The medium term bias remains bearish. We have a 38.2% Fibonacci pullback level of 20.09 from 12.70 to 32.05. In line with resistance, selling has been posted from 20.09. Preferred trade is to sell into rallies.
Our profit targets will be 12.72 and 9.45
Resistance: 20.09 / 23.49 / 24.72
Support: 15.63 / 13.90 / 12.70
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
PLUG Bounced from Key Level Five Times!
PLUG bounced from the key level 18.47 5x's! The most recent bounce occurred on July 8, 2022. Previous bounces from the key level occurred on the following dates- February 24, 2022, January 31, 2022, May 11, 2021, November 9, 2020.
Identified patterns include- "Double Bottom" pattern inside of a "Falling Wedge"
IMO PLUG looks good for a swing to the upside. It has strong potential to build (especially if it breaks the upper trendline on the chart). You can trade this one 2 ways. The first way is trade it to the upside with the break of the neckline (the neckline broke recently). If PLUG closes above the neckline, I will enter a swing today with next week's contract. The other play would be to wait for a break above the upper trendline.
Expected move- Max move to approx. level 25. Measurement from bottom to neckline is approx. 6. Therefore, a measurement from neckline up ($6 move) is about 25.
PLUG is a stock I typically don't trade but I will "plug it in, plug it in" (if you remember the old Circuit City commercials comment below lol) on my watchlist! This stock will be a fun one to swing and trade next week. I started a small swing position (20 C 22 JUL 22) on it yesterday (Friday, July 9, 2022) with an average fill price at 1.05.
Plug it in,
MrALtrades00
PLUG close above resistanceAs excepted Plug closed above it's resistance at $19.06 and is currently pushing towards the upper part of its falling wedge.
PLUG Possible Double Bottom Looking close into PLUG the over all daily pattern is a falling wedge. However, in the hourly time frame there looks to be a Adam and Eve double bottom looking for a break of the neckline at $19.08 on the hourly time frame. If we can't close above this point I'm shorting PLUG. If we close above this point shown as the green line I'm long currently waiting for confirmation.
is the break of support a short trap?🤖watching for a clear break back above support (24.17) then I will consider a long position, once we have confirmation we can target 33.17-47.10
Who cut the power off? Plug Power
Short Term - We look to Sell at 18.09 (stop at 19.96)
We look to sell rallies. The 50% Fibonacci retracement is located at 18.09 from 23.49 to 12.70. Short term bias is bearish. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 12.73 and 11.23
Resistance: 18.50 / 23.30 / 31.70
Support: 12.70 / 11.00 / 7.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Bout to run off on the $PLUG $PLUG has earnings this week, Monday May 9th after the market closes. My sentiment for obvious reasons I hope.
$PLUG currently has a head and shoulders trading within a descending triangle on the daily and weekly. I kind of don't like the head and shoulders because the first shoulder doesn't touch the neckline but nonetheless There's also a small gap from 17.7 to 16.70ish on the daily. I think there's two things that are probably occurrences for $PLUG earnings.
1. Dependent on earnings report and macro market sentiment it could bounce to 24/25 area within or slightly outside of the top of the triangle.
2. Will breakdown outside the triangle on (another) missed earnings report and head towards small gap aforementioned above.
Price targets:
17.70
16.70
14
I plan to watch the price action on Monday to figure out when will be the best time to enter a trade. If we have a green day I'll wait until i feel like the peak has reached or if we're downtrending I will wait for confirmation on 5 and 15 minute time frames to confirm the trend. Obviously an earnings play so probably risking 3-5% max off my account.
