Bloom Energy Trading Analysis
Updated
Bloom 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.
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.
Trade active
Why I think 
BE is overvalued and why I closed all my long-term holdings and am shorting it now — based on the current P/S ratio of 3.74. With a 17.5% revenue decline in the last quarter and no profitability yet, cautious investors might view it as slightly overvalued at present.Trade closed: target reached
BE Get out while you still can! The drop gonna be painful.
There’s a strong bearish divergence, the RSI is at 87 (overbought zone), and the Greed and Fear Index is extremely hig
Note
Target wasn't reached I closed it by mistake there is a head and shoulders in play at the topNote
I've closed 4 short positions on BE, with one still open. Who else joined me in shorting it? If you did, consider closing 60% now, and aim to close the rest at $15.
Disclaimer
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