Scaling into BLDP here. Risk to Reward setup is favorable.
A lot of my followers are trying to short pumptarded stocks like AAPL, TSLA, etc. Having been around during the Dot Com era, I want to let my followers know that pumptardedness can last a long time. Here's an example, BLDP was in bubble mode for 10 months, took an entire year to collapse and eventually traded around 50 cents before moving back up. And they...
The principles you find here are: 1. The rise looks like the run , i.e. the consolidation (diamond) leads to a proportionate rise vertically. 2. The consolidation can be projected using Fibs from its highest-lowest starting from the breakout level. 3. The sequence of a bubble such as this often follows Hubert Senters' (1-2-3) "bang-bang-pow" formulation where...
Remember last year when I said fuel cell stocks are just another bubble? FCEL under $3 now, BLDP has never made any money
BLDP has formed a large curved structure which could be considered a cup and will be my me in this analysis The handle is yet to form and we will see a retest of the high along the white horizontal line once this handle is complete
The rationale of the analyses and prediction all laid out on the charts: Top down 1D, 4H,1H and 5Min charts
Notice that at the market closure, there is always a big volume, almost every day... It's not insiders... Whales ? Anyone have a thought on it ?
Journal Entry Bias: Negative. Sentiment: Pessimistic. Emoji (emotion): Inhibited 😵💫. Null Hypothesis: Sell. Alternative Hypothesis: Buy. Signals: ... Position: Short term day trade. Notes: I'm anticipating the market to sell the earnings surprise 3/09/22 AMC: www.estimize.com Barron's Company Overview: www.barrons.com . Other: ... Tutorial: (Q/A)...
Been watching BLDP for its recovery after long selloff. We have a close over 200 day avg...can you see my horns? Bull horns that is.
Trendline and S/R - let's see if it holds These guys make PEM fuel cells for marine vessels. New IMO regulations are clamping down on maritime vessel emissions therefore we could potentially see a surge in fuel cell and battery use on ships which would be bullish for BLDP
Ballard Power has been deteriorating for some time in this obvious downtrend. However, we have now a large green candle and with a close above we are over respect averages at approximately 14.20. If you like the sector or the company this presents a great opportunity to get onboard for a swing trade or maybe even intras that present themselves. Good luck to all!
Wondering if BLDP is entering an area of support on a weekly and a key monthly support level. Using fib confluence gives us possible area of entry and target above. We see volume to start to pick up but this could be some buyers who entered late in day. This stock moves quick when it moves. Perhaps a gap off open? Best of luck to all traders and investors!
long forming cup - U , very good behavior today! the 10 and 21 dma lines are forming uptrend curves !
Possible low mid February ?? Not a clue, but lets see what happens, would of uses some 14s and some form of 52s lower in the chart
It 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.
See chart Volume is not appealing. Just seems to have some short term support. 2.1 P/L ratio.
We are right before ending a head and shoulders patttern. It seems it could get lower again, but in this case it will offer a new long position, mentioned in the chart.