@Siri45, Personally, I don't hold stocks that have no earnings since they are too speculative and tend to be very volatile. If the position is ahead, I adjust my stop loss to it's 5-day EMA or a 23% fib retracement on the daily chart. Fundamentally, Amazon recently acquiring a 20% stake on the company is a positive along with good price action on the fuel cell sector (check BLDP). Technically, another price objective would be a round number, 10.00, which really isn't too far away from where it's at. There are a lot of other companies that have solid balance sheets which I'm more likely to hold for the medium to long term. With speculative issues like this one, I usually day trade and get in when a potential long candle tends to be in play and get out when it starts pulling back. My basis for selling would usually be divergences on RSI and patterns like double/triple top or head and shoulders. I find that it's always best to follow a system when trading and remain objective by observing algorithms. Following a system allows me to free up my capital for other potential issues that can generate profit instead of being tied up with a losing position waiting for it to go back up to break even.
Stkmk
⋅
Nice analysis. What target do you thing we will hit today?
TradingMavericks
⋅
@Stkmk, I use fib extensions to establish price targets. I sold half of my position at 9.10. If price breaks above 9.22, it can potentially go up to max 9.50. Good luck buddy!