In 2020, PLUG Power showcased a notable pattern formation—a symmetrical triangle accompanied by a diamond bullish shape. This setup culminated in a remarkable price surge post-breakout. Fast forward to now, and we're witnessing a similar scenario unfold
Key Observations:
RSI Dynamics: The RSI is currently sculpting a falling wedge, indicating a potential breakout on the horizon.
Price Trajectory: My forecast sets the price zone target at $12. However, a more immediate and realistic target lies above the $7 zone, marking my primary focus.
Symmetrical Triangle Breakout: Anticipate a significant momentum shift once we breach the symmetrical triangle. This move is poised to be momentous, steering clear of the downward pull towards $2.68.
Gap Analysis: Historically, PLUG has demonstrated the 'all gaps must be filled' principle, with a pivotal gap closure at $3.08. Upcoming targets include gap fills at $5.86, $8, and $10.7.
Market Sentiment & Future Outlook:
The global shift towards Green Hydrogen is gaining momentum, with PLUG Power leading the charge. This presents a golden window of opportunity to 'ride the wave' before it crests.
Please note, that my insights are based on technical analysis and market observations. I am not a financial advisor. Always conduct your own research before making investment decisions.
Key Observations:
RSI Dynamics: The RSI is currently sculpting a falling wedge, indicating a potential breakout on the horizon.
Price Trajectory: My forecast sets the price zone target at $12. However, a more immediate and realistic target lies above the $7 zone, marking my primary focus.
Symmetrical Triangle Breakout: Anticipate a significant momentum shift once we breach the symmetrical triangle. This move is poised to be momentous, steering clear of the downward pull towards $2.68.
Gap Analysis: Historically, PLUG has demonstrated the 'all gaps must be filled' principle, with a pivotal gap closure at $3.08. Upcoming targets include gap fills at $5.86, $8, and $10.7.
Market Sentiment & Future Outlook:
The global shift towards Green Hydrogen is gaining momentum, with PLUG Power leading the charge. This presents a golden window of opportunity to 'ride the wave' before it crests.
Please note, that my insights are based on technical analysis and market observations. I am not a financial advisor. Always conduct your own research before making investment decisions.
Nota
I've sold all my 
PLUG shares once we closed below 3.24$ as the outlook appears bearish, with expectations that it may head towards $2.60 to close the gap, and possibly even drop to the $1.85 level. I'm expecting it to reach the $2.60 level.Nota
As I mentioned, PLUG is more likely to drop to around $2.6. Technically speaking, we failed to break out of the falling wedge, indicating we are heading toward the $1.8 zone.PS: Not a financial advisor
Nota
For long-term investment, PLUG currently offers the best price, but adding a stop-loss at $2.6 is a wise decision. However, if the price drops, it might even fall to $1.85. At the moment, PLUG has no clear bottom unless we break the downtrendNota
PLUG is showing a bearish trend, and I'm eyeing a long entry at $1.40. As I said, breaking below $3.24 has led us to key levels at $1.87 and $1.40 1.618 Fibonacci level
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.