Strong-Buy for Bloom Energy
Updated
Analysis per request: This stock has the potential to double by the end of this year, and a further potential to triple by mid next year. Very straight forward technicals, simply watch the interplay around the 20 and 50 MAs (touching & half-crossings). 'Weekly' PSAR is likely to break next week. ADX is at its peak (reversing now) meaning selling has stopped and money is flowing back in. I wasn't able to find any negative indications for now (I'll keep an eye on it).
Note
See more recent chart-update.Note
Today before Earnings Release: Unfortunately I don't recommend holding on! Reason for this is a gap that's still open (see below):While the stock theoretically could already jump up, a considerable reversal risk remains and therefor I would stay away until after ER.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.