Hello fellow traders and investors, here's another trade idea.
BLDP has recently pulled back to the previous consolidation area, if BLDP makes a recovery it offers around an 85% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
When EMA's crossover (On the 1Day timeframe)
When To Sell:
I recommend selling at its previous high offering around a 85% ROI.
Fundamentals: Ballard Power Systems, Inc. engages in the design, development, manufacture, sale, and service of fuel cell products for a variety of applications. It focuses on power product markets of heavy-duty motive, portable power, material handling, and backup power, as well as the delivery of technology solutions. Their goal is to become the leading global provider of clean energy solutions offering superior performance at a reduced cost. There are still some challenges with hydrogen fuel however I think that these companies will manage to keep this a safe alternative. BLDP has a debt/equity of 0.02, sales growth Q/Q of -32%, EPS growth Q/Q of -28%, an ROI of -4%, short float of 5% and a very high volatility.
Rating: 20/100 the technicals are decent but the fundamentals aren't great however BLDP is a company that is operating in an industry that is just getting started and when they finally figure out how to use this alternate energy source in a safe way then I will feel more comfortable investing in hydrogen fuel stocks but for now it seems too risky for me however if it meets your criteria feel free to add it to your watchlist.
NOTE: It has already formed a double bottom so that could act as a support.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
BLDP has recently pulled back to the previous consolidation area, if BLDP makes a recovery it offers around an 85% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
When EMA's crossover (On the 1Day timeframe)
When To Sell:
I recommend selling at its previous high offering around a 85% ROI.
Fundamentals: Ballard Power Systems, Inc. engages in the design, development, manufacture, sale, and service of fuel cell products for a variety of applications. It focuses on power product markets of heavy-duty motive, portable power, material handling, and backup power, as well as the delivery of technology solutions. Their goal is to become the leading global provider of clean energy solutions offering superior performance at a reduced cost. There are still some challenges with hydrogen fuel however I think that these companies will manage to keep this a safe alternative. BLDP has a debt/equity of 0.02, sales growth Q/Q of -32%, EPS growth Q/Q of -28%, an ROI of -4%, short float of 5% and a very high volatility.
Rating: 20/100 the technicals are decent but the fundamentals aren't great however BLDP is a company that is operating in an industry that is just getting started and when they finally figure out how to use this alternate energy source in a safe way then I will feel more comfortable investing in hydrogen fuel stocks but for now it seems too risky for me however if it meets your criteria feel free to add it to your watchlist.
NOTE: It has already formed a double bottom so that could act as a support.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
