0A4L trade ideas
🟢 $BE Target 32.10 for 31.72% (49% from here)🟢 $BE Target 32.10 for 31.72% (49% from here)
Or double position at 16.64
Is it the energy sector's turn again?? That would be fun...
-----
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Bloom energy NYSE: BEBeen trading this one for a while but exited position some time ago looking for a new entry, I started building a new line in march and averaged into a small draw down since then, but the last few weeks we have made a solid rally out from the broadening wedge to finally break the zone.
We are pitted against some strong resistance right now but it doesnt look to bad, what im more excited about is the lack of previous structure from the sell off in feb.
This often means we have a clear run when breaking overhead resistance or equilibrium level and the major trend has turned bullish with HL and HH with a slight increase in volume is putting the momentum on our side.
EQ around 34 and a supply block at 40 where the price really got knocked down but still 70%+ from my average entry to there so will be pretty happy with this position if we can get that high.
Will keep a close eye on it for now for this momentum to slow down as it may be a sign to jump ship early.
Trading Idea: BLOOM ENERY (BE)Price has broken the $27 resistance after a series of accumulation activities and is likely to be an opportunity for swing trade.
$BE - Inverse head & shoulder inside broadening wedge Forming inverse head and shoulder inside a broadening wedge.
Validation point - $28
Good case - $30
Best case - $35
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
BE by requestI made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
06.08.2021
LONG BLOOM ENERGY Bullish Shark & Bullish MTFsThe Harmonic Shark Pattern (Daily Timeframe) is rather strong and successful by nature. Bloom Energy just finished it followed by a first reversal to their resistanct at $23.03 which but packed up with bullish lower timeframes and decent volumes.
Fibonacci Extensions showed that $23.03 is a 0.681, yes, bit strong but given the bullish market sentiment whilst having PLUG Power indirectly pulling BE as well could lead to even target prices ranging between $25 and $28 in the days to come, possibly.
$BE Target 34.78 for 28.58% $BE Target 34.78 for 28.58%
Or next add level is at 19.70
Bottom... or one more add at 19.70? Place your bets.
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
BE - Good Reversal Potential Here All,
I think BE here could be a reversal candle and potentially breakout soon. Worth watching has some pretty good swing as well.
I SNIPED this Bloom TA, but I'm not happy about it. 😩I like Bloom's tech, but I was considering $18 the lowest it could go. I held a bunch of shares but got tired of waiting for this to happen. I'm not surprised at all it went to 18 though. Targets are $30 and above.
$BE Target 34.78 for 28.58% $BE Target 34.78 for 28.58%
Or next add level is at 19.70
I didn't add here, just charting and organizing my portfolio
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
$BE - swing trade$BE has an entry zone of $27.29 - $28.70
I got in yesterday and started to build my position.
In case you are wrong, using 20/40/40 method for taking a full position has proven valuable to me.
My first entry is for 20% of a whole position then I average in ONLY when the stock is going up or on dips if the up trend is strong and formed.
I used volume shelves to determine levels for buying. I do not buy if a day candle wicks into the range, the closing price must be above the target entry zone.
I have good reason for holding the entry zone on close and have been burned when entering intra-day on wicks into the zone (look at JMIA - a close above $68 was my entry, never made and I ended up in a loser).
Earnings come within a couple of weeks, so mind your position with earnings beat or miss in mind and have the appropriate position managed around earnings.
Target 1 is around $32.30, where i expect to run into consolidation and resistance, target 2 is $40.
So you can see the swing trade will result in around 12.5% - 39.4%.
BE - Getting near to a pop soon?BE has been in a frustrating slow grind generally downwards for the past 6 weeks while a Bullish Divergence between Price and RSI has been slowly building.
It tested a possible strong support at 21.90 yesterday and quickly rebounded to close a rather strong candle.
The odds are getting better that the worst could be over. However we might not see real momentum yet until the RSI rises above 50.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Bloom Energy Update - Important Levels and TrendsHonestly, I don't know exactly what will happen with Bloom in the short term.
Worst case scenario, it taps 18, then bounces hard, which will confirm a full retracement of the over-extension.
The simple trend line I have should bring us to 30 soon.
The 200 Daily EMA has been reclaimed, as of today. It must hold til the end of the week.
I predict Bloom will hit $75, minimum, by the end of 2021.
$BE Target 34.78 for 28.58% - Or next add level at 19.70$BE Target 34.78 for 28.58%
Or next add level at 19.70
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
BE - Watching the handle completeLooks like we're a day or so away from breaking out of the downward channel formed as part of the cup's handle. There's some resistance around 30, and then we're on our way to breaking out past the cup's top at around $35.
Upside of a cup and handle completing is ~$35 from the point where it breaks the downward channel (so ~$28 + $35). Of course this will happen with some retracing along the way.
Good luck!
How I Calulate the Fibonacci retracement and extensionsThis uses BE as an example of what I do when I calculate the Fibonacci retracements and extensions, which are used to measure corrections and future price targets.
Retracements
I start by finding the location of a correction. I define a correction as anything the closes below the 20 period moving average. The lowest point in that correction becomes the first point of my Fibonacci retracement. Then you need to find the high prior to the next correction - that will become your second point of the Fibonacci retracement. What you have after that will be the Fibonacci scale. Corrections are expected to occur between the values of .5 and .768, with many ending at .618. This is the predicted bottom of the correction.
Fib Extensions
Adding to this we can make predictions as to the next Price Target (or correction point). To so this just add a Fib Extension to your chart, the first two point reuse the two points determined with your Retracement, the third point is the actual low point of the retracement correction.
This will add a positive Fibonacci scale, which you can use to make future Price Target predictions. Typically is your retracement was between .5 and .768, you can expect the PT to be around the 1.618 on the scale.
From my diagram you can see that I have one completed correction/surge cycle which matches nicely with the expectations. There is also the next PT, which is yet to be completed, which lands us at the $77 range.
Hopefully this is helpful, as I think it's a pretty simple yet powerful technical analysis tool!
Long | BE | Swing TradeNYSE:BE
Possible Scenario: LONG
Evidence: Price Action,
TP1 ~40$
*Buy Area: 30-32
This is my idea and could be wrong 100%
Fiboncci retracement and extensions - good upside to $77After a healthly correction, I went back over my charts and review the retracement and extension projections for BE. Looks good up to $77
Good luck!
$BE 4hr Potential Bullish Reversal on OscillatorsNegative momentum slowing down on MACD.
Price touching previous area of congestion established over the past 4 months.
Double bottom on RSI with upside developing.
Do your own DD, not financial advice.
Cup forming over 2 years with the handle now starting to formLooking at BE over the long term and I realized that a cup had been forming over the past couple of years and it looks like the recent pullback might be the handle starting to form.
This is very interesting since the cup itself has a depth of ~$35. Rule of thumb says that the after the reversal out of the downtrend of the handle - the breakout would climb to the depth of the cup. So there's a $35 upside potential.
A strategy would be to set a stop loss buy just above the top support/resistance line ~42.50. That is where a breakout should occur.
As always do your own research and let me know what you think.
💡$BE ♻️$2 trillion total addressable market💰+48%🏌️♂️NYSE:BE 📚Bloom Energy provides clean, cost-effective, AlwaysON electricity for organizations and communities. The Bloom Energy Server is an advanced distributed energy generation platform that operates 24x7 with the highest efficiency of any power solution available in the world today.In layman's terms, it provides buildings with power during grid outages and shortages. Preliminary outlooks for 2021 show 25% YoY revenue growth. Costs associated with fuel cell production have reduced by 60% in 2015, which will benefit Bloom in the long term - they predict costs to fall 10% to 15% annually. Bloom is operating in a $2 trillion total addressable market. Bloom claims that a solar PV facility, to provide 1MW of electricity, requires 12,500% more space than Bloom Energy's terminal. Blooms terminals produce 50% less CO2 and at a lower cost than grid energy. Fuel cell companies such as Bloom Energy have rallied significantly since Biden’s inauguration after his $2 trillion pledge to clean energy. Bloom Energy stock is down 25% over the past few trading days, possibly due to profit taken after the massive rcerecentnet rally, overall market weakness and the announcement that Norway is building its first large-scale fuel cell production facility.
📈Price has recently gapped up above a strong resistance zone it had previously fallen below. Price has recently bounced from the support line of its bullish price channel it has been trading in since November - this occurred with a hammer candlestick which is a reversal candlestick. Price has also completed a 0.5 Fib retracement. Finally, there is some hidden bullish divergence, with the RSI making lower lows, but price making higher lows. If price continues its bullish trend to $47, this could see 48% upside.
🔎This is not financial advice. Always do your own research and due diligence. Always wait for directional confirmation before entering a trade.
