BLDP (Overall Bullish)
22 Minute Chart :
Above 36.84 TGT 37.80-38/38.5/39.34
Below 36.90 TGT 35.54/34.55
BLDP is looking for a potential pullback to the previous resistance near 34.70 and trendline on the 22 minute chart before pushing higher
BLPD has just reclaimed the 618 RT. The 618 should now provide support. If price can hold that level the 786 and 886 become magnets for price.
Entries can be above the box for a breakout play. If price pulls back from the box before breaking out again I will look for pull back entry from the lower targets
A close below the box is my stop on a breakout. Stops on...
While everybody is very excited about the performance of NASDAQ:FCEL , have a look at the chart of NASDAQ:BLDP ; triangle break out (uptrend continuation), target is about 35 (+45%)
The cup and handle partern complete
New high with good volume
Actual price: 28.29$
Stop limit: 26.67$(-1,62$)
Target 33.15$(+4.86$)
rewark/risk ratio = 3x
The security formed and broke through the accumulation triangle, after which it came to the level of historical highs, tested it and seems to be going to break it up. A good point for a short-term trade or for a medium-term investment entry into this promising security. The goals of the trade are indicated on the screenshot.
I mentioned a few weeks ago that speculative stocks tend to trade with small cap index, looks like BLDP and a few other stocks had to go parabolic to catch up, lol.
Don;t short speculative stocks unless you expect RTY1! (small cap futures) to go down.
