Analyzing the options chain and the chart patterns of PLUG Plug Power prior to the earnings report this week, I would consider purchasing the 6usd strike price in the money Calls with an expiration date of 2023-11-10, for a premium of approximately $0.54. If these options prove to be profitable prior to the earnings release, I would sell at least half of...
The previous correction cycle, after breaking the local low, ended with a cup and a nice bounce came. The current situation is reminiscent of the previous one. However, if there is a similar volume of short closing now, the down trend of about two years can easily be broken. I also see signs of this on a larger time plane, on a weekly chart.
Strong bullish MACD divergence on a weekly chart. I think we are close to the breakout.
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitaliz e on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
PLUG is registering massive volume accumulation this past four weeks. Net buy volume has surged +34% from its average numbers -- where buyers are getting ready to overtake sellers in anticipation of the stock's long term future upside valuation. On weekly histogram, higher lows has been created -- conveying the incoming price growth of the stock. Bubble up...
General Looking at 2 zones where i will buy equally amounts of PLUG for longterm hold. First buy zone is based on the support zone that generated the recent swing high (red circle). Main buy zone is a resistance level that gave support after it was broken for the big upswing. Target: Correlation between 50% of the weekly range and top of the last swing....
filming for a friend, UPST still has an hourly bull flag
NASDAQ:PLUG If the price of PLUG breaks above the bullish line of 12.22, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at 12.98. Conversely, if the price of PLUG breaks below the bearish line of 11.99, it may suggest a bearish signal, implying potential downward price movement. In...
PLUG on the daily chart demonstrates a VWAP breakout having first trended down into the lowermost VWAP bands from anchored VWAPs originating in November 2022 and January 2023. Fundamentally, PLUG is burning cash but less of it with each succeeding earnings report. In the past two months price has ascended through a couple of VWAP lines and has now crossed...
NKLA has reversed a trend down in the past week as it clear concerns with potentially being delisted with NASDAQ. The symmetry in the trends is shown with an arc overlaid. This brings to mind a cup and handle pattern in progress. It seems likely the NKLA will have a bullish continuation from the good news of stability of its NASDAQ listing. ...
PLUG on the 4H chart presents healthy price action. It uptrended for a month starting in mid-May and then completed a 50% Fibonacci retracement from which it pivoted on Tuesday, June 27th. The zero-lag MACD shows a classical cross of lines under the histogram while the histogram was changing from negative to positive. Likewise, the RSI bottomed out at 32...
WKHS is in similar circumstances as NKLA in the potential for a delisting due to low share price. NKLA has been cleared and is a bit above $1.00 ( see my bullish bias idea) Here WKHS is below $1.00 but is apparently reversing. On the 30 minute chart, price is rising and is above various VWAPs anchored to the left at various points. The last trading day...
The PLUG short I posted a while back turned out to be right-on-the-money. Now I wonder if it's time to scale back in. PLUG has been absolutely hammered and is lagging behind the recent rally. I trade based on technicals, so I have no fundamentals to point to as to why this might be the time to buy PLUG, but looking at the chart, I can't help but think: Who the...
We can see price has been trading within the 10.75 and the 9.25 zones since the middle of March. Today we saw a strong push upwards that may continue and end up breaking to the outside towards the 12.25 zone. We'll keep an eye on this stock and react accordingly.
Over bought. Plug Plower, although promising company & tech, NASDAQ:PLUG still has a long way to go, long term 30$ might be a steal for a company as promising as this but for now I expect a correction down to $25.
Potentially a bottom here, $PLUG has come down a long way here and has a low risk setup to capture a mean reversion move towards resistance from the most recent quarterly report. Worth a punt as a short term trade, could evolve into a longer lasting bottom too. Best of luck! Cheers, Ivan Labrie
NASDAQ:PLUG About Plug Power As the top supplier of complete hydrogen fuel cell (HFC) turnkey solutions, Plug Power is fostering the development of the hydrogen economy. In the midst of a persistent paradigm shift in the power, energy, and transportation sectors to address climate change and energy security, while delivering efficiency benefits and meeting...