This is a 2-month chart (each candle represents a 2-month period) of Plug Power (PLUG). For those who are not already familiar, PLUG is an alternative energy company that develops and manufactures hydrogen fuel cell systems. I recently added PLUG to my portfolio as a long-term investment. In my opinion, it has one of the best long-term charts of any stock right...
Plug Power - Short Term - We look to Sell at 14.94 (stop at 16.92) The medium term bias remains bearish. A break of the recent low at 13.68 should result in a further move lower. The sequence for trading is lower lows and highs. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Preferred...
Plug Power - 30d expiry - We look to Sell at 19.18 (stop at 20.73) Broken out of the Head and Shoulders formation to the downside. Our short term bias remains negative. Bespoke resistance is located at 19.00. Preferred trade is to sell into rallies. Daily signals are bearish. We are trading at oversold extremes. Our profit targets will be 15.31 and 15.01...
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.
Shoals Tech Grp p is a leading provider of electrical balance of system or “EBOS” solutions for solar photovoltaic, energy storage and eMobility. IBD ranks NASDAQ:SHLS in number 6 of its industry and has a 95 in its relative strength rating. Looking at the company's valuations, pure fundamentalists would say it's overvalued. But, the technicals clearly signal...
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
Than 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...
Plug 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 /...
Hey traders, Its been a rough bear market and I have finally got back in. There was a huge $369 billion climate bill announcement last week, which gave the clean energy sector a boost. FCEL, PLUG and ICLN etf. Jan 2023 has over 73000 calls, while there are 18000 puts in OI. Happy trading!
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 ...
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....
As excepted Plug closed above it's resistance at $19.06 and is currently pushing towards the upper part of its falling wedge.
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...
$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...
Goals 28, 31, 35. Invalidation at 17 We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the...
PLUG power, It is having a slow recovery from its drop of more than 70% from ATH back in 2021. 1) From its low, it has gained more than 20% and formed a nice Cup pattern on Daily 2) 30sh levels are showing signs of resistance and with recent run-ups, pull back is imminent along with the market 3) Anything above 30 good volume would be bullish case 4) Entry,...
PLUG Power NASDAQ:PLUG is setting up a post-earnings Support level. As price pulls back from the earnings rise it is making new swing highs and has setup a 50% Retracement at 22.05. This could be an opportunity for a risk defined entry for a swing trade back to the highs or to establish a long term position for investment. Credit to one of my commenters on my...
$CLF bounce due to technical break out from ongoing war conflicts between Ukraine and Russia. with possibility Russia of being cut off for importing goods to other countries. this makes other energy producers shines due to desperation finding alternative resources. $CLF failed to meet the wallstreet expectation EPS from recent earnings and got downgrade by...