BALLARD PWR SYS INC NEW

BLDP is forming a nice flag formation with huge volume, rally was backed by a recent contract. However, in the weekly frame it is forming nice upward momentum. We think it has very good upside potential in long term. * Trade Criteria * Date first found- April 10, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $2.83 or pull back to ...

Entry: 1.86 SL: 1.60 TP1: 2.40 TP2: 2.90

As described earlier, with more support from past waves...this stocks seems to develop a very harmonic pattern. Ready for a set UP!

Looking at price harmonics I am buyer at 1.45euro with a few puts at 1euro to protect my overall long position. Investment for months or years......if they find the right technology this stock will skyrocket! So I place this stock on my attention list and screener list for 2017 Best to your trading!

BLDP is currently ramping up production for buses/trams in china and is seeing a decent ramp-up in production for these orders. They also recently signed a deal with a Toyota subsidiary in japan for distribution and is expecting news soon. Chart wise--- If a new low establishes itself above 1.92 we could remain in this bullish uptrend

BLDP is a bull

Long >2.26 Stop - 2.19 Target - 2.5

Supporting the current reversal

Chart Play

Lets see whats the market offers to us

Technic : Ema and MA squeeze , TRIX and ATR UP , Fibo 2.618 Touch and up First Target 4 Fundamental : Ballard made a “substantial improvement” during the past few years, having turned its focus to “commercial markets, cost-effectively positioning for long-term development markets, and deriving value from its broad IP through licensing and services contracts.

I like the way the macd's are crossing and turning up. Looks like the stoch is about ready to start back up towards that overbought area next. also Looking at the past price labels it looks like maybe price will next go up to around 4.50 will watch for a breakout there

Should follow PLUG downtrend. Double top formation, waiting for confirmation.

RSI is forming a bullish signal, Please consider this

The red dynamic support line witch has be valid since Jan 2014 is showing a very positive since along with the bullish head and shoulders pattern, upon checking the support line (Red) bullish engulf pattern will be seen, which indicates that Bull still in control of this stock.

Log Scale... waiting for a break from downtrend.

$BLDP - Following the plug idea, with a gap fill and green move on the day, after close PR - "Ballard Fuel Cell Systems to be Used in Telecom Continuous Power Pilot at Idea Cellular in India"