BLDP trade ideas
BLDP PumptardednessA lot of my followers are trying to short pumptarded stocks like AAPL, TSLA, etc.
Having been around during the Dot Com era, I want to let my followers know that pumptardedness can last a long time.
Here's an example, BLDP was in bubble mode for 10 months, took an entire year to collapse and eventually traded around 50 cents before moving back up. And they still don;t make a profit, lol.
So Many Great Principles of Chart Patterns HereThe principles you find here are:
1. The rise looks like the run , i.e. the consolidation (diamond) leads to a proportionate rise vertically.
2. The consolidation can be projected using Fibs from its highest-lowest starting from the breakout level.
3. The sequence of a bubble such as this often follows Hubert Senters' (1-2-3) "bang-bang-pow" formulation where the first two are your average flags with continuation and then the third is parabolic and can be equal to the distance of the first two waves.
4. This one has a 1-2-3 buried in the consolidation phase as well. It's important to remember the market is a fractal.
5. The breakout level is a natural attractant for such parabolic moves and can be a support area (as it appears to be again).
Earnings this week, so note the way the pattern began in the earlier (fractal) consolidation. Time will tell if this is the beginning of a new consolidation phase after the recent large decline.
BLDP UpdateRemember last year when I said fuel cell stocks are just another bubble?
FCEL under $3 now, BLDP has never made any money
BLDP - Handle FormationBLDP has formed a large curved structure which could be considered a cup and will be my me in this analysis
The handle is yet to form and we will see a retest of the high along the white horizontal line once this handle is complete
BLDP TREND ANALYSIS FROM 1D TO 5MINThe rationale of the analyses and prediction all laid out on the charts: Top down 1D, 4H,1H and 5Min charts
Maket closer buyerNotice that at the market closure, there is always a big volume, almost every day... It's not insiders... Whales ?
Anyone have a thought on it ?
BLDP | Guidance Journal Entry
Bias: Negative.
Sentiment: Pessimistic.
Emoji (emotion): Inhibited 😵💫.
Null Hypothesis: Sell.
Alternative Hypothesis: Buy.
Signals: ...
Position: Short term day trade.
Notes: I'm anticipating the market to sell the earnings surprise 3/09/22 AMC: www.estimize.com
Barron's Company Overview: www.barrons.com .
Other: ...
Tutorial: (Q/A) What exactly is the box labeled tolerance? The box labeled tolerance is a defined range of value & time that qualifies the right to exit the trade after profit is made; as long as the security is inside the box and above the trade's entry one could say the profit is within tolerance, likewise if the security is outside the box either because of value or time one could say the profit is not within tolerance. It's a way to add parameters to the future outcome (as a means to grade the journal entry) while simultaneously providing leniency in the ability to achieve success with said journal entry.
Social: I'm happy to hear from my readers/audience and I encourage constructive feedback; although I'm busy I will give my best effort to reply.
About the Author: I strive to become one of Tradingview's pinescript Wizards and Top Authors, as well as build a reputable reputation & following. I'm not a Wall Street retailer I don't have products or services for sale, although I am a financial scientist and my source of income is my trading; that is to say anything offered to the community is apart of my scientific journal or goodwill to mankind (you're very welcome).
About the Security: "Ballard Power Systems, Inc. engages in the design, development, manufacture, sale, and service of fuel cell products for a variety of applications. It focuses on power product markets of heavy duty motive, portable power, material handling, and backup power, as well as the delivery of technology solutions. The company was founded in 1979 and is headquartered in Burnaby, Canada."
Disclaimer: My journal entry is not a complete prospectus, please consider it accordingly.
BLDP closes over 200 day on the yearly chartBeen watching BLDP for its recovery after long selloff. We have a close over 200 day avg...can you see my horns? Bull horns that is.
Ballard - confluenceTrendline and S/R - let's see if it holds
These guys make PEM fuel cells for marine vessels. New IMO regulations are clamping down on maritime vessel emissions therefore we could potentially see a surge in fuel cell and battery use on ships which would be bullish for BLDP
Opportunities like this do not come oftenBallard Power has been deteriorating for some time in this obvious downtrend. However, we have now a large green candle and with a close above we are over respect averages at approximately 14.20. If you like the sector or the company this presents a great opportunity to get onboard for a swing trade or maybe even intras that present themselves. Good luck to all!
BLDPWeekly log chart
The right shoulder is an channel. This pattern can be considered a launching pattern.
The first tattical target is 8.50 levels ( the channel's target level).
H&S =====> target 4.50 levels
BALLARD SETTING UP FOR A NICE POTENTIALLY PROFITABLE TRADEWondering if BLDP is entering an area of support on a weekly and a key monthly support level. Using fib confluence gives us possible area of entry and target above. We see volume to start to pick up but this could be some buyers who entered late in day. This stock moves quick when it moves. Perhaps a gap off open?
Best of luck to all traders and investors!
$bldp is forming U-cup shape $nasdaq #stocktobuylong forming cup - U , very good behavior today!
the 10 and 21 dma lines are forming uptrend curves !
Ballard still room to goPossible low mid February ?? Not a clue, but lets see what happens, would of uses some 14s and some form of 52s lower in the chart
Ballard power is in uptrendIt broke the descending triangle first and after accumulation price moved up. Today double dip line has been broken too.
Descending Triangle target is around 31$ (0.618 Fibonacci level)
And double dip target is around 24 $ (0.382 fibonacci)
Accumulation is possible between 200 day moving average and double dip line.
BLDP potential Swing See chart
Volume is not appealing. Just seems to have some short term support. 2.1 P/L ratio.
BLDP head and shouldersWe are right before ending a head and shoulders patttern. It seems it could get lower again, but in this case it will offer a new long position, mentioned in the chart.
Added $BLDP Target 31.41 for 34.81% $BLDP Target 31.41 for 34.81%
Or next add level is at 15.19
—
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.
Retracing to a head and shoulders patternI made a Gann box, and tried to determine the trend reversal point to the right shoulder (or is it the left, well, which ever side, the shoulder has yet to appear). Oct 5, 2021??
ADDED $BLDP New Target 34.19 for 31.10% $BLDP Target 34.19 for 31.10%
Or next add level is at 18.17
Wow wow wow this market is shitty. I do love these kinds of opportunities and honestly it's times like this that you just stick to the strategy and the huge payoff will come. It sucks, yeah... i want a bull market always, but it is part of the game. Added here and it's a good place to add more soon.
—
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.
