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.
let me ask you something: the green line represents the 9 day EMA and the red line the 14 day simple MA correct?
So, why are you mixing EMA and MA and why 9 day and do nor for example the 20 day EMA or MA?
Best Regards and have a nice weekend
UnknownUnicorn11084119
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@foxbelex, You are correct about the 9 day EMA and the 14 day MA and I use it because I found it in the public library under indicators, and I find it very effective for reversals so that's why I use it instead of just using EMA's or MA's.
foxbelex
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@TradeTheTrends,
many thanks for your quick response and respective explanation.
Just also would like to understand why the 9 day EMA in combination with the 14 day MA and
not a longer one like 21 day MA as usually taken as combined time frame.
UnknownUnicorn11084119
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@foxbelex, The shorter it is the quicker the reversal will happen and my goal with having these two are to spot reversal and not to spot a support if I were to use a longer one like the 21 MA it would take longer for reversals so that is why I keep it relatively short. I hope I answered your question :)
foxbelex
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@TradeTheTrends,
yes, spot on, thanks a lot!
UnknownUnicorn11084119
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Are you buying BLDP or already own it? And what do you think about the hydrogen fuel industry?
let me ask you something: the green line represents the 9 day EMA and the red line the 14 day simple MA correct?
So, why are you mixing EMA and MA and why 9 day and do nor for example the 20 day EMA or MA?
Best Regards and have a nice weekend