BLDP Ballard Power Systems Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BLDP Ballard Power Systems prior to the earnings report this week,
I would consider purchasing the 3usd strike price Calls with
an expiration date of 2026-2-20,
for a premium of approximately $1.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Ballardpower
Cup and Handle pattern in Ballard Power SystemsBallard power systems have created a bookish Cup and Handle pattern on its charts. Both the cup and handle have been formed. It needs a daily closing above $3.11 for confirmation of entry. The targets are 4.65, 6.35 and 9.45 almost 3 times the current price. The SL should be kept around $2.85. Another positive thing is that the daily RSI has gone past 60 (For educational purposes only)
Ballard power is in uptrendIt broke the descending triangle first and after accumulation price moved up. Today double dip line has been broken too.
Descending Triangle target is around 31$ (0.618 Fibonacci level)
And double dip target is around 24 $ (0.382 fibonacci)
Accumulation is possible between 200 day moving average and double dip line.
PLUG at critical level - time to break through
PLUG has been in an aggressive downward move this year.
The chart shows two failed attempts to get through the $29.60 resistance level. It is now attempting a 3rd and I'm bullish. Why?
The price action shows the aggressive downward move, a breakout from this move around $26.30 and a slight rotation of the angles indicating we may have found a bottom and more buyers are coming in.
But the ascending triangle is why I'm hopeful for a rotation up, this is a bullish pattern and it follows the evening out of the slope down.
The 29.60 level is critical because it is not only a stubborn resistance, but it now has the 200 EMA sitting on top of it which can also act as resistance. Double Whamy.
Because this level is so stubborn I'll be placing a stop buy order on the other side of this, with a tight stop in case of a false break and a rejection back lower.
You'll see similar patterns in Bloom Energy, Canadian Solar and some of the other green energy stocks, which suggests a category rotation giving me more faith in the move.
Suggest picking which one to trade carefully and not picking all of them without looking at correlation since they're all behaving in very similar ways.



