Hydrogen ETFsHi,
Hydrogen ETFs have never seen inflow. These ETFs were launched at the most recent swing high in the stocks, so all they have done is go down. I predict, now that Bloom is breaking out, and plug and Fcel could be in positions to pump as well, that we will see a resurgence in the Hydrogen sector. You have to pick your ticker within that class. I chose Fcel at $2.40, but if I had to do it over again, I would go Bloom a couple weeks ago.
HTWO trade ideas
Hydrogen ETFsHi. I’ve postulated on Hydrogen in the past and been wrong. So, take this with a grain of salt. On Oct. 3rd, Donald Trump said at his rally that Hydrogen could explode. He said that all that would be left are blood stains. It was supposed to be in reference to Hydrogen-powered vehicles, which have failed to a large degree, but if you go back and listen to him in his totality, I think he was calling the bottom in Hydrogen stocks - saying they could explode. It was a very graphic picture that he put out there of someone being vaporized, and he did it for a reason.
I own Fcel, which just got split 30:1, so what do I know, but there should be a technical bottom here soon, from which volume comes into the space.
HydrogenThis is mission accomplished to the downside for Hydrogen. Plug Power made a deep retrace. Not full retrace, but still very deep. Fcel just closed a gap in the volume profile down to $.87, and even lower. I’m in at 2.40. You just need to zoom out. Always zoom out to know what’s about to happen. A nasty reversal to the upside. You have been lulled to sleep by record low volatility in the hydrogen space, and low volatility begets high volatility, and all of the hydrogen space, etfs and stocks, is coming off a “higher low” in the largest timeframes. Do don’t see this, because most all of the etf originate at the most recent high, so all they have done is fall. Nobody knows what the etf will do once they see inflow.
Strong Investement in Hydrogen TechnologyETF will seek to track the performance of the Solactive Hydrogen Economy Index NTR (the “Index”).
ETF is composed of several weak companies in terms of finance.
It seems that a market floor has been formed but it remains as risk investment.
In my personal opinion, natural gas shall be the leader in short term