Parabolic RiseIt is not only the fast parabolic rise that makes me worry but also the very strong resistance here. A correction seems to be due.
But I don't see a sign of a declne yet. Thus I will open a small position only.
1ZB trade ideas
New Setup: BEBE : I have a swing trade setup signal. I'm looking to enter long if the stock can manage to CLOSE above the last candle high(BUY). If triggered, I will then place a stop-loss below (SL) and a price target above it(TP-50%,move SL to breakeven), then using the close below the 10SMA as my trailing stop loss. **Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level(3).
BLOOM ENERGY crazy run.One of my favorite stocks to trade. Absolutely beautiful break of a 4 year down sloping trendline. Great news. Surely the company will benefit from the deal they signed but not immediately. In my opinion I see it retracing back to my target 1, which happens to fill the gap and bounce off of the top from May 2024. If it goes further it should retrace to the trendline that it absolutely exploded from. At that point I'm all over it. Lets see how it goes. Shorting anything in this market is absolutely insane but that's how I see it.
Bloom Energy Trading AnalysisBloom Energy is approaching a strong resistance zone, with the RSI reaching an overbought level of 86. Historically, every time the price has reached the $26 level, we have seen a crash of up to 50%-54%.
From my perspective:
I have sold my long-term holdings and plan to buy back when the gap is filled around the $14 zone.
I am shorting this stock to potentially benefit from the anticipated drop.
Trade Setup:
Entry: $26
Stop Loss: $29
Take Profit 1: $18
Take Profit 2: $14.5
Additional Observations:
The Greed Index has reached a "High Greed" level.
On the weekly chart, the RSI has hit 80 for the first time, further signaling overbought conditions.
Disclaimer: This is not financial advice. Always conduct your own research and consult a financial advisor before making investment decisions.
Bloom EnergyOf the Hydrogen stocks and EatF’s that I follow, Bloom has been early and agressive in this inverse head and shoulders breakout. It’s looking much higher. Can it please drag Fcel up with it?
BE on wave3 and nearly resistant ??
After BE made a strong jump,
Tools reported that it was Wave 3 down 4 at VWAP Support price. Please read it.
Please give me one rocket each with this idea.
Support 24.3
Wait and see
Bloom Energy $BE MASSIVE 50% MOVE! Could double from hereBloom Energy NYSE:BE MASSIVE 50% MOVE! Could double from here
- Its a HIGHFIVESETUP
- Massive bullish falling wedge pattern breakout with a measured move up to $45
Let this thing breathe or come back for a retest as 80-90% of breakouts retest.
I do not advice getting into this name at this time. Just wanted to point out the possibility and add to watchlist for a pullback potentially.
NFA
BE stock set for potential upside toward $15BE's stock price shows signs of potential upside after forming a reversal pattern and finding support in the $10 to $10.6 zone. There is a possible move toward $15, and if it successfully breaks out of the downward trend, it could establish an upward trend.
BLOOM ENERGY CORPORATIONBE:1W
Tradingview Description: Bloom Energy Corp. engages in the manufacture and installation of a solid oxide fuel-cell based power generation platform. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K. R. Sridhar, John Finn, Jim McElroy, Matthias Gottmann, and Dien Nguyen on January 18, 2001, and is headquartered in San Jose, CA. (The above description is from the Tradingview Website)
My Analysis: Using the 1 week time frame (each bar equals 1 week of time) and showing 5 years of price history, I see a bullish descending wedge pattern that could turn up over the course of the next year.
A recent earnings miss has put price at multiyear lows and if I want to get long this stock this might not be a bad time. Despite this earnings miss NYSE:BE just posted its first positive earnings in the last 7 quarters, albeit below analyst estimates which is why its price recently took a nose dive.
Given the bullish price to RSI divergence (bottom indicator), whereby price is printing lower lows and the RSI is printing higher lows, we can take this as an indication of downside selling momentum waning to an exhaustion point and price beginning to find its 'local bottom' before potentially turning up.
That being said, I remain cautious about looking at this stock as an investment and I see it as more of a trade over the course of 6 months to a year. The most recent 'bearish outside bar' that 'fully engulfs' the prior bar is also of concern in the near term and could portend one more price drop before fully bottoming out.
Over the past 5 years price is down -2.08% which means that an investor has lost a little more than 2% on their capital appreciation over the course of the last 5 years if they held this stock the entire time.
Out of the19 Tradingview analysts reviewing the stock over the last 90 days, the stock is rated as a 'buy" with an average price target 71% above its current price point with a timeline to hit that level at some point over the course of the next year.
I love it as an extended 'swing trade', however natural gas is a fickle market within the energy sector and highly unpredictable so I would be very careful with the duration of time I held the stock and size my position accordingly. If I were up 40% or more I would set a 'stop loss' to preserve my gains on this particular stock given the volatility in the underlying commodity that drives the stock price which seems to be highly pegged to the natural gas market along with the broader clean energy sector.
Lower price target: 14.21
Upper price target: 17.90
Lower support begins at 4.27.
BE cyclical every 2-3 months. Buy the dips. Expect growth 2025+Fundamentals:
1) BE produces fuel cells that can consume both hydrogen and natural gas. This natural gas component is key as it will allow its customers to smooth their transition from NG to H2.
2) BE is starting to produce electrolyzers. Cheap green hydrogen is hard to come by. Electrolyzers are effectively fuel cells operated in reverse. As such, the 2 GW US-based electrolyzer capacity announced in 2023 is key.
3. BE in their 05/23/2023, 2023 Investor Conference announced 30-35% revenue CAGR proejctions through 2031E. This includes expansion into new sectors (such as CCUS), but it's good to hear this ambition.
4. According to the Frost and Sullivan 2023 report “Stationary Fuel Cell Growth Opportunities," BE is “by far” the market leader in the stationary fuel cell market... the global fuel cell market will grow at a compound annual growth rate (CAGR) of 15.4% between 2022 and 2030, with revenue increasing from $1.06 billion to $3.33 billion, and that Bloom is the leading market competitor in the U.S., and the #2 company in South Korea and Europe.
5. Caution a thin balance sheet....
Technicals:
A) Since February 2021 highs, there have been 7 drops of 50% or more. This is all part of a long-term downward facing wedge that may not break until well into 2025.
B) The $9.51 low on October 30, 2023 shows the LT prior lows trendline is support. If we break this, support at ~$9 or ~$8 is plausible. If we hold this, buy points between $9.50 and ~$11.00 may be attractive.
C) Weekly 50 SMA is current resistance and should be watched.
D) Every 2-3 months we cycle between highs and lows. Patience on this one is key.
Bloom Energy Corp (NYSE) BE Stock RisesBloom Energy (NASDAQ:BE), a leading provider of hydrogen-fuel-cell-based platforms, reported its third-quarter financial results on Nov. 8, highlighting a record revenue and widening losses. BE stock jumped 7% following the mixed report.
Revenues at the San Jose-based energy firm hit $400.3 million in the third quarter, exceeding analyst expectations of $369.2 million by 8.4%. This equates to year-over-year growth of 36.9%.
Yet, the profit picture was less rosy. The loss per share in Q3 stood at 80 cents, a significant miss against the predicted loss per share of 4 cents. Bloom Energy had lost just 31 cents per share in the prior year.
While the company is upbeat about its growth trajectory and innovation plans, the market’s response has been less favorable. The year-to-date return for Bloom stands at -47.1%, far lower than the 15.6% return on the S&P 500 index during the same period.
Bloom Energy is known for its fuel-flexible Bloom Energy Server and Bloom Electrolyzer, primarily producing electricity and hydrogen. These solutions are valuable to a range of industries, including gas, utilities, nuclear, concentrated solar, ammonia, and heavy industries. The company’s future prospects seem bolstered by initiatives to decarbonize the marine industry through the design and development of fuel cell-powered ships.
Technical Analysis
Price Momentum
BE is trading near the bottom of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price lower, and the stock still appears to have downward momentum heading to a consolidation Zone
BE to peak at $24 in May 2023Since early 2021 we've followed a downward channel and had 3 symmetrically timed peaks. I'm proposing we may hit a 4th high of ~$24/share around May 2023.
Each rally has been >100-200%
Each crash has been ~60%
Each crash has been followed by a rally before hitting lower lows
2 possible entry points:
$12.50-14.00/share (near prior lows - this would also represent another 60% dip from latest high)
$7.00-9.00/share (at bottom of channel at expected next dip - unclear if we get this low, but it'll be a great time to get in if we do get there)
$BE LONG trend support reversal up. Target +50% $BE at 18.5 bouncing off strong support at 17, target $24, over 24 breakout, 1 month timeline
BE Bloom Energy Options Ahead of Earnings Analyzing the options chain of BE Bloom Energy prior to the earnings report this week,
I would consider purchasing the 16usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $0.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BE in consolidation, close to short trigger 🔴breaking local trend support and seems very weak/no sign of any buyers.
watch for break below 23.32 for big move to downside, break above 26.64 for bullish impulse 🎯 boost and follow for more! thank you
Bloom Energy Cup and Handle BreakoutTLDR:
I believe that Bloom Energy is about to go through a massive adoption and growth period that will outshine the current geopolitical climate. Based on my cup and handle charting, I estimate that the lowest upgraded value for Bloom Energy's stock will be around $32. However, climate news will largely influence whether that value goes higher. Strong investor sentiment coupled with appropriate corporate growth measures could land a higher valuation closer to $50. Time will tell.
Prelude:
Given the recent discussions of hydrogen energy adoption amongst car manufacturers and energy suppliers alike, it seems most any solid oxide fuel cell company stands to benefit. It just takes time, especially in the face of so much post-covid geopolitical conflict.
Indeed, as Russia has likely anticipated, the Spring and Summer of 2023 will be decisive... but not in their favor. Political sentiment towards environmental remediation has grown among most Western and some Eastern nations. This means reduced reliance on fossil fuels, Russia's primary source of income. And while Bloom Energy still supplies products that can operate using hydrocarbon fuels, they're significantly more efficient than most other fossil fuel energy production methods. If one factors in the growing market adoption of carbon capture technology, it seems feasible for such devices to get retrofitted to Bloom Energy's solid oxide fuel cell stacks.
Bloom Energy has been developing its technology for as long as I've been mature enough to understand it. Their mission has always been to produce cleaner energy as we transition from our dependence on fossil fuels. Our grid will need modular systems with flexible fuel sources like Bloom Energy's while we stabilize battery production and implementation. Wind and Solar will remain, nuclear will grow, but fossil fuel powerplants are likely on their last few decades. Solid oxide fuel cells can replace powerplants before nuclear energy growth and battery integration on the grid happens.
Disclaimer: This is not investment advice and I am not certified in any finance field to offer investment advice. I have a B.S. in Chemistry and am pursuing a Ph.D. in Mechanical Engineering. I have taken one high-school-level economics course. These words are purely speculation and should not be acted upon. Any investment activity you undertake after reading this description is done by your hand, and your hand alone. You are liable for your actions after reading this post. I am not telling you to invest in or against any stocks or sectors discussed above. Be Safe!
NYSE:BE
BE - Potential Breakout PositionTwo falling wedges can be drawn on chart
The first showing a successful breakout, leading to the peak of the second falling wedge
This second falling wedge may not have bottomed but the break out should occur along the green downtrend line
Bloom energy long within overall downtrendBloom energy is looking good for now. The current downtrend on a larger timeframe looks strong
BE Bloom energyThis stock has been pushed by many analysis for years. There story is great but the growth is missing.
I have been in this stock since 14 and I am getting tied of waiting.
BLOOM ENERGY - BULLISH MEGAPHONEIm bullish on all Green energy Stocks.
sharing my ideas here, this is not financial advice..
Im watching for a consolidation before the breakout, here is where i will add more to my position.
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
BE - Pop Then DropNice little pop from BE riding with other similar names, but its getting trapped under the 20MMA around the 0.5 retracement and RSI heading into the lower quadrant this will likely be the start of the real bear market from herein.
Next stop $8
Not advice.
BLOOM ENERGY BE Bounced from Cup Handle w BIG VOLChart shows the 2 target prices. Most likely the bottom is in.
Energy should be bullish in an economic recovery unless a black swan happens again.
Not trading advice
