What is up, everybody welcome to trey's trades, where we have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I like the premise by saying that i am not a financial advisor nor expert. I am just some random doing youtube, so take what i say with a grain of salt. The reason i started this channel is because a couple years back, i was about 30 000 deep in some pretty bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work really hard and invest my money in The market and i am now happy to say that i am not only financially free but doing pretty well for myself at the age of 23.

So if i can pass along any of the information resources or tools that were given to me and make the community a little bit better off than it was before, that's all i can ask for. Lastly, if you would not mind dropping a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this, as i do post videos every day, multiple times a day, quick shout out to the guys over At the patreon you know uh karthik pedro, valentino joy, edmar, rafshan albert these guys. I appreciate your support so much they're going to have access to the private discord as well as real-time insight to my trading strategies. Now today, we're going to be looking at ticker symbol.

P-L-U-G plug power incorporated and man, this thing's filthy, it's not 20 run up yesterday. That is absolutely insane. Both this and fuel cell are doing extremely well right now and uh. It's it's absolutely insane to see that the growth that this company has been showing so we're going to establish a couple different uh levels to watch here i do have you know a couple indicators pulled up.

The volume weighted moving average on the on a 20 day scale is the blue line right here. The 200 ema right here, the exponential moving average we're going to talk about what these mean uh. What what we're? Looking for for a more bullish indicator? We're going to talk about current volume trends uh how much how much volume is coming in what this means to see an increase or decrease the rsi indicator. The relative strength index we've got some levels of support, set setup, we're going to establish some levels of resistance and we're going to look at this.

You know from a macroscopic and a microscopic point of view. So, if you're not familiar with what plug power, is we're just going to read off real quick, a small fundamental? It is an 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 and electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. If we look at their financials look at that beautiful market cap 14.54 billion - that's looking pretty nice, i'm not i'm not going to lie to you! This, that's a that's! A nice market cap definitely looks pretty solid.

If you look at their their earnings, you know they did miss on their q3. They beat their uh their goal on q2, which is a very, very awesome thing to see their earnings in revenue. You know their earnings were a little bit. Negative revenue is looking pretty solid, so with some time i do think this is going to be a pretty solid, pretty solid stock.

You know it's obviously looking really good right now and it does look like a very solid long-term hold in the short term. It says that it might drop the bearish pattern detected, but if we look here at the indicator at the charts, it definitely does not seem that way. Does it it's looking pretty solid, it's looking pretty strong. I like that, a lot now, there's a quick reason why this uh this stock saw such a huge surge uh power plug power surges on 1.5 billion investment from sk group and i'll leave a link to all three of these in the description box.

If you'd like to take a closer look, but they searched thursday after south korean uh conglomerate, sk group said it will invest. 1.5 billion in the hydrogen fuel cell maker. Shares of plug power got a cool 20 jolt in pre-market trading. After the companies announced, they were forming a joint venture to provide hydrogen fuel cell systems, uh fueling stations and electrolyzers in south korea and elsewhere.

So definitely seeing some pretty solid potential here with plug, and i think a lot of people are waking up to that right. If you follow along with this channel, you know that i'm very high on fuel cell and i do think it is mirroring a lot of the same moves that plug power is having right now, and i do think that is why we see you know a pretty Huge run up in fuel cell as well. If i pull that up, that's not fuel cell fuel cell. We saw a pretty similar move right off of uh.

What i would call basically no news - and that is because you know investors - anticipate okay, plug power is going to do well. Fuel cells also going to do well because they're they're the competition right. These guys are going to do the same thing. I do have a position in fuel cell, so i will disclose that i am.

I love fuel cell. I do think it's going to do some pretty solid things. You know i do have a uh, a dollar cost average in fuel cell i'm about 11 and 13, 11 and 18 cents. I do have 229 shares currently sitting up.

You know about um 256 dollars, not including the after hours or the pre-market 10 uh. So doing pretty well in that realm of the world, i do like to show you guys my portfolio just because i know that uh people do like transparency, so i don't have a position in plug just keep that in the back of your mind, but i do Think it is a solid stock, just looking at it from a technical perspective, we do have levels of support sitting currently at 41 and 41 cents. You know this was in the after hours in pre-market, so do keep that in the back of your mind you know things can really change. We did gap up very so very severely.

You know the last action of trading we saw in regular market hours was 36.90. So it is very possible that we see this gap filled. You know in the regular market hours so i actually like 36.90, more as a level of support for the stock, just because that is the last actual area in regular market hours, that we do see some price action happening and then, if we do break through 36 90, you know 3466 is looking for like a very solid secondary level of support. We do have one two uh.

This did act as a previous level of resistance, so three different contact points here. It does seem like a pretty solid level. I do like that. A lot, but this is looking extremely bullish for a couple of reasons.

Right we do have the rsi indicator over 70. Anything over 70 is overbought. Anything under 30 is oversold, but the correction doesn't seem too bad so far, right that so far being the key word. But if you look at this historically speaking most of the time when we do reach overbought territory, the correction is not very harsh.

You know we approach 50, which is neutral. We we do come close to 30, but don't quite touch it correct back to neutral um. You know oversold territory, neutral, neutral, neutral, neutral, oversold or overbought neutral overbought. You know it is very possible that we see this reach.

This 50 indicator on the rsi, which is going to be a good thing for the stock, because then the price correction that will follow should not be too harsh or too steep, so be watching for that. If you are trading this stock, if you are in this stock, you know and you're looking to add your position, you know, adding in at 36.90 seems like a pretty solid bet. If you don't have a position and you're looking to get in 36.90 seems like a solid entry point. 34.66.

If you do see it, you know, drop under 36 is even better. I think anything between 34 66 and 36 dollars is a very solid entry point on the stock and will pay you some pretty solid returns over the next year. You know it would not surprise me whatsoever. One year from now, we see plug power anywhere around 60 to 70 dollars.

You know it could even potentially go higher than that, especially with the clean initiative that that the united states is currently taking on. You know. South korea has invested in this company. I would not be surprised whatsoever, we see other countries invest in plug power, uh, it's it's, it's pretty phenomenal and this is the future guys.

Clean energy is going to be the new thing. There was once a time when coal was the primary source of energy right, and i guarantee you back. Then they were all saying, there's no way that gasoline will work. There's no way oil will work, because coal is just what it is.

It is it's what we know it's what we do, it's the bee's knees. Well guess what gas and oil is currently the clean, the the energy source that we use in in the world right and the same thing's happening right now. People are saying, there's no way clean energy will ever be the way. This is how it's always been while you're wrong, because uh, historically speaking, the world is always changing guys and we either.

We either change with the world or the world changes without us. So this is going to be the future, and i love what we're seeing here. This blue line right here is the 20 day volume weighted moving average and it is currently looking um. You know, according to the chart, a little bit bearish, but that is uh.

I i wouldn't - i wouldn't worry about that, because we were obviously in a very solid bullish run right now. You know we were. We were sitting at 30 and 87 cents. You know one two, three four five six seven days ago, um we're looking pretty good.

I'm not sweating whatsoever, and then this is the 200 day ema, the exponential moving average, and this is basically an indicator that takes the 200-day um. 200-Day average trend price valuation, and it gives you a number to keep in the back of your mind on how this. How this stock price usually trends, and it just gives you a very solid indicator of how bullish or how bearish a certain stock is looking - and i do like this area right here and i'm going to explain why, on the stock, this crossover between the 200 day Ema and the 20-day volume weighted moving average, because any time that you see this crossover like if we just if we just pull back right - and this is all that you saw all that you saw - was this crossover on the volume weighted moving average and the ema. The vma pushes above the ema that is a extremely bullish, sign and an indicator that you are likely to see a pretty harsh run up in the future right, and if we look here, you can see that that did in fact happen so anytime that you see This this uh 20 day, vwma cross over the 200 ema that to me, is a sign that a stock is about to pop off guys, and i do use that as an indicator for myself on whether or not i should get into a hype: trade, a momentum, Trade, a fomo trade uh, any sort of uh, any sort of quick.

You know, swing deal or even if i just want to get into a stock right before it's about to shoot up and i'm going to hold it mid or long term right. That's an indicator that you're looking for is: is this crossover between the the vwma and the 200 ema? I love seeing that volume is looking pretty good. We did see. You know slightly unusual trading volume in the trading hours yesterday and we did see a large spike because of that news: catalyst in the uh in the after hours and the pre-market we are sitting quite a bit higher as well.

I'm actually liking that a lot. I do expect that during the trading hours today, we will likely fill. You know this gap up with a little bit of price action, but i would not be surprised if we see it. I mean it's obviously going to be a green day because, because we capped up but um, it is likely to see a little bit of a price correction.

You know into into the regular trading hours. I imagine some people will take profits, but if you're holding the stock mid to long term, i would not even consider selling. I would. I would continue to hold this because i think this thing and fuel cell is going to pay.

You extreme dividends with time to come so plug power's. Looking absolutely filthy, guys, i'm loving the charts here. It's looking extremely bullish. Uh we've been closing.

You know higher than we opened on most of these days and that uh, that's a that's a good sign right. That's a huge bullish sign. This thing is on a bullish run right now the charts are looking clean. I love that on the seven day chart that we have pulled up right here now.

I do have the one day one minute chart we'll change it to the two day. Just so you can see the regular trading hours as well, and the price action is looking pretty good. I've got the 200 ema and the 20 day vwma pulled up as well. Just so you can see you know what's happening here.

We do have that same crossover on the uh vwma and the after hours. Of course, here it's a little harder to see. So if you are looking for that crossover point, i do recommend having two charts pulled up and having a more macroscopic viewpoint on the stock, because you are going to tend to uh get. You know a more holistic view on what's happening with the price action, so um, looking pretty bullish.

If we pull up, you know some levels of resistance and support, we're looking at pretty solid support at 34.58, if you're looking to swing or day trade, this 3674, as the the next fallback position, if necessary and then in the pre-market and after hours 41.41. That's a that's an interesting number. How about that? It does seem to be a pretty solid level of support. We do have one two three different contact points.

Looking pretty good, the 200 ema is approaching the vwma on the one day chart here. It did narrowly miss it, but anytime this vwma is above the 200 ema. I do predict that you are going to continue to see a bullish run. So if you do see this, this level do cross underneath the uh, the ema.

You know that is a sign that we are likely to approach bearish territory. Of course a reversal is always possible, but um just keep watching for that. If you are gon na date or swing trade, this level of resistance that we're looking at right now, the overarching number is going to be about 44.95. You could just call that 45.

I do imagine that'll be the next level of resistance, but um. This does seem like a pretty solid stock, and i do think there's some opportunity here in a couple different ways. If you are looking to long or short this stock, of course shorting. This is a little bit risky, considering the overall trend and momentum is very bullish.

So just keep in mind, you are going to be trading against the trend if you do want to short the stock, but you could potentially short the stock in anticipation that we're going to fill this gap up with some price action just be very cautious. Make sure that you set a stop loss, because if this continues to run you're going to get burned and as you know, you know, shorting a stock, the lost potential is infinite and we really don't want you guys getting burned. So just be careful: if you're going to short this stock, you will be trading against the trend. If you would like to swing trade, this you know getting it at 41.41.

If it does dip back down. It does seem like a solid entry point and if you can get this at 36.74 during a price correction, i like that even better. That's that's a much better uh long long day, trade in my opinion or swing trading, opportunity uh, it does seem like it'll pay off very well. So that is what i have for plug power today, guys uh.

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