Plug Power Inc.

Special Reports - 28/05/2021

28 May, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Plug Power Inc. weekly uptrend opportunity based On 1.00 Lot Calculation:

Plug Power Inc. designs and manufactures fuel cell systems for electric motors. The company’s primary focus is on hydrogen based fuel cells, putting them on the cutting edge of the green energy movement.
The Green Energy Wave: President Biden’s recent budget proposal and infrastructure bill offers many incentives for green energy producers and their suppliers. The global transition from fossil fuels in many major metropolitan areas will be a boon to companies like Plug Power. The UK plans to ban all new traditional gasoline and diesel cars by 2035.
EVENT: Plug Power Inc. is scheduled to announce their 1st Quarter earnings on June 4th. Earnings and revenue may be in line or better than the consensus forecast. Plug Power is predicted to lose 7.9 cents per share and have revenue of $74.493 million.
TRADING: Plug Power is over 60% below its 52-week high of $75.49.

Plug Power Inc. (#PLUG), May 28, 2021
Current Price: 29.00

Plug Power Inc.	Weekly
Trend direction	UP
Resistance 3	48.00
Resistance 2	42.00
Resistance 1	36.00
Support 1	23.00
Support 2	18.00
Support 3	13.00

Example of calculation base on weekly trend direction for 1.00 Lot*

Plug Power Inc.
Pivot Points	Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
Profit or loss in $	19,000.00	13,000.00	7,000.00	-6,000.00	-11,000.00	-16,000.00
Profit or loss in €**	15,633.23	10,696.42	5,759.61	-4,936.81	-9,050.82	-13,164.82
Profit or loss in £**	13,419.79	9,181.96	4,944.13	-4,237.83	-7,769.35	-11,300.87
Profit or loss in C$**	23,011.85	15,744.95	8,478.05	-7,266.90	-13,322.65	-19,378.40

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 12:58 (GMT+1) 28/05/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details

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