BLDP trade ideas
$BLDP Long Into Gap Fill & to New Highs$BLDP is looking to fill a gap up to $18 after a double bottom around $14. $BLDP is a fuel cell stock with peer stocks $PLUG $BE $FCEL; I am long the group of these stocks and want to highlight $BLDP here. Especially interesting with $BLDP is the daily TTM Squeeze momentum turning positive after a large selloff & subsequently negative momentum; I am looking for this momentum to flip above the 0 line and continue a longer term trend higher.
Also of note related to fuel cell stocks are EV stocks here. I continue to be bullish and long $SHLL $SPAQ $NIO $WKHS $FUV $TSLA, etc.
Just look at the setup on $SPAQ
Ballard Power BrakeoutNASDAQ:BLDP
Ballard Power brakes out of a 4 months wedge pattern supported by upward trend line and high momentum with RSI > 60.
Storng primary upward trend indicated by upturned SMA200 well distanced to EMA20/50.
CMF turns positive indicating money flow into the stock.
CRV = 2,91 / Stop Loss at 0.236 FIB / Take Profit at 1.23 FIB
$BLDP looking goodI'm already in this trade after that breakout of downtrend and might scale in more on a high pivot volume around 16.50
With renewable energy stocks booming, this could see more upside.
China recently announced they investing 2.5 billion in hydrogen power (which includes Ballard, and Weichei) via Wall Street Journal Oct 1, 2020
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
BLDP - Long with multiple confirmationsTSX:BLDP breaking out with 2 patterns and one strategy.
Firstly, a dragon pattern broke out today with three possible targets: Target 1 = 1.27% of CD, Target 2 = 0.886% - 1.0% of BC, Target 3 = 1.38% of AB. I really love this pattern and it works so well.
Secondly and coincidentally, a descending triangle pattern broke out which reveals the dragon pattern. Target here is the same height as the the triangle itself, showing around 52% profit which coincides closely with target 3 of the dragon pattern.
Lastly, a strategy I am very fond of is the MACD Trend Strategy. This strategy has done well for me in the past and I like that we have multiple confirmations. We have two swing highs forming the trendline on the MACD and a breakout above this trendline signals a buy.
I am Long @ $20/share
BALLARD POWER SYSTEMS View DailyHello traders, BALLARD POWER SYSTEMS is in a fake bearish push with a substantial buying volume. But we can see that the sessions before the greatest sales volume and in number is the same. We note a rejection of the sellers on the MULTI TIMEFRAME 30 15 5 it goes down but it is for an immediate reversal. It will seek its last precedent lower to join the bullish gap and fill half of it which corresponds to the acceleration of the previous one.
Please LIKE & FOLLOW, thank you!
Ballard Looking like it's going up Ballard Power Systems, Inc. engages in the design, development, manufacture, sale, and service of fuel cell products for a variety of applications. It focuses on power product markets of heavy duty motive, portable power, material handling, and backup power, as well as the delivery of technology solutions.
