BLDP is on the doorsteps of new 2 year highs. The stock has been steadily climbing the charts this year and is up 135% ytd. After last Friday's high of $5.70, there is a double top at $5.70 and $5.72 a share. Above that, there's a strong trend line leading to $6. While some can play the break above the double top, a breakout above $6 is a clear signal to go long.Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products. In addition, it provides technology solutions comprising engineering services and technology transfer services, as well as licenses and sells intellectual property portfolio for various fuel cell applications. Its products are applied to transit bus, rail, material handling, truck, marine, and infrastructure. The company markets its products in China, Germany, the United States, Japan, Belgium, Denmark, the United Kingdom, the Netherlands, Canada, Taiwan, France, Poland, Finland, Norway, Spain, and internationally. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.
As always, trade with caution and use protective stops.
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BLDP now up 80% since we recommended it.Congrats to all who participated!
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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.