BLDP trade ideas
Long term set upCup n handle on the weekly chart. Like to see a rally over 10 then retrace back for a nice entry.
Hard decline destroyed moonboys dreams SO FAR ...So far really ugly declined.
I think the news about wright bus financial broke was the hard knock down.
Compared to other fuelcell companys, ballard hit really hard because of nothing. I think its a shakeout move by whales to get out random people.
Fib wise we sitting on a area we could bounce.
Even if we go deeper, back into the triangle. Ballard only needs some positive news to wake up the bulls i bet.
good luck guys
Ballard - Bull VegaStarting to trade into US Stocks
Simple strategy with Heikin Eishi chart
TP : 10%
SL :5%
further elaboration on picked stocks in future
BLDP - Flag formation long setup BLDP is a beautiful flag formation long setup. Entry Above 5.61. Stop signal 5.34. Target 6.42.
Update triangle break Update, triangle broke and testet fib 5.20 after that retestet resistance. Now bounced from Resistance, now acts as support...
next targets fib related 6 and 7
looks still bullish like the hole fuelcell market
ballard power triangle break in viewprojecting the range from start to resistanece of triangle brings ballard in h2 hype market to 100 percent gain 10euro ... 200day MA indicates like the last pump that possibilitys are steong to repeat as projected...
if break wait dor retest and bounce then buy 100% gain chance!
Pottentila long term run from BLDPBallard power systems is one of the positions that I have spotted as having the most potential. From March to April (2019) it has seen a huge drop of about 18%. In addition, it traded sideways from the 12th to the 21st (of March). Although they experienced this huge drop, in the month of April, the stock was up 22%. This month (May 2019), Ballard has developed a Next-gen fuel cell module which they announced would be used in freight trucks in a Canadian hydrogen project as well as 20 busses in London. These contracts can be seen to be the reason that the stock is up so far in May. The MACD has also shown a strong buy signal on the 25th of march which has kept moving in a bullish pattern. Furthermore, the RSI is also on an upward trend. I have roughly identified a support line (purple) that I believe could serve as a strong indicator as the stock has bounced up from it last month and a few weeks into the month of May. I have also identified the blue line as a resistance point. I took into account past highs from the last month that did not break through. This stock would be a viable option to keep for the long term as the trend over the last couple months has continued upwards.
SL by Gap-Support /ResistanceHave a look how excemplaric gap lines first work as resistance, then as support, here . The degree of relevance of the gaps are can be seen by the line's cross:
It is correlating (on time axis) with the start of a new upswing (vertical line). Splendid, at least for my eyes!
BLDP - Missed TradeEnter long at orange. very tight stop. prob exit just before previous high which is appr 38% or so profit. If we closed 75% and let 25% remain. we could have made much more as you see the high is 130% move.
The orange support from 2016 is appearing pretty strong. I would opt for a long. Smaller position sizes since BLDP is volatile. The Downard trend has been there since MAR 2014 so i would be taking profit if u hit that level on a long. or start your short on the trendline.
BLDP sideways to 7/24 earningsLots going on with this stock, but I think we are at a prime time to buy for any bulls out there.
Following a cycle of lows on the 8th of the month and highs near the 27th of the month
Support at 2.92, resistance at the 200DMA
While subtle, range contraction with RSI and MACD targeting this time period to break out
Fib verticals show downturn at each new phase, in line with projected "money box"
BLDP loves range contraction and then popping out 2-5%
PLUG recent earnings generated nearly 20% jump - BLDP is main supplier for PLUG and will benefit this quarter from their success
Earnings expected 7/31, creating catalyst for breakout in either direction
The play:
Accumulate shares now between $2.92 and $3.14. Day trade it if you want as it brushes the bottom of the BB and the 200DMA.
Sell any puts below $3: not a lot of risk here that it goes below 2.92 without big news, sell puts without any risk until earnings
Sell calls with strike above the 200DMA, without news it will remain below or around that line - you don't risk losing any profit even if they come in the money
All of this with expiration dates before 7/24
The earnings play:
I plan to come into earnings with 200 shares and several spread calls 8/18 exp from $3-5 strike. Watch the market between now and then - on the downturns, the calls will be cheap for 8/18 EXP.
Buy a spread of calls with targets at 3.69 and 4.46, and sell 2 puts with strike below 3 to help cover. Even if earnings are bad, you get $3 support shares.
The call selling strat here will depend on the current price, again, leverage small trends to garner better prices - but sell 2 calls to lock in gains on impulse wave 1 and be ready to re-up on the correction
3.69 and 4.46 targets for the spread
The risks:
That 2.92 support seems VERY strong. BLDP has contracts with big transportation companies and the military. If you are really worried, put your stops around 2.88 to minimize loss.
Trump somehow bans something. This is risk for every stock, but the EPA specifically could change the game overnight and somehow make oil really desirable in the short term.
BLDP huge cup and handle formation completed LONGTERM Cup and handle has just completed on weekly, MACD is starting to curl, RSI oversold
looks like a good LONGTERM investment TP arround 9
Im still new in the trading field, so please do your own TA before entering.
Long again: Ballard Power SystemBallard Power System
In 2017 our team has been long in Ballard stocks and made a promising 175% return.
We consider a long attack at 2.12 dollar in price.
We are assessing fundamentals and key-developments of this firm on a continual basis.
With kind regards,
TradingEcology
Ballard PowerThis Seeking alpha article, seekingalpha.com , explains the main sector that is the driving force of this business. It also, is the reason for the recent surge in stock price and makes it a very safe play, in terms of minimal risk.
what feedback do you have on this for a new investor? 6.00 soonHave been reading and learning and taking it all in - anyone have any feedback on this read?
Wrong wave? Wrong application? Channel not related?
Appreciate any criticism, clarification, or otherwise!
CYCLE WAVE III ENDS WHERE ? to comply with the ruleCYCLE (light blue) WAVE III ENDS WHERE ? to comply with the rules:
- when Primary (green) wave 5 ends by the end of Intermediate (dark blue) wave 5 by the end of Minor (yellow) wave 5
- It looks like Cycle wave III will be shorter in % then wave I (0,56$ till 8,40$) and below top of I @ 8,40$ THIS IS BREAKING OF ELLIOTT RULE 3.
PRIMARY WAVES in green OF WAVE III:
WAVE 1 from 1,23$ to 2,51$ of 99days and 104% gain
WAVE 2 from 2,51$ to 1,61$ of 77days and -36% correction or Fib retracement between 0,618 & 0,786 of wave 1
WAVE 3 from 1,61$ to 3,48$ of 136days and 113,5% gain or Fib extension of 1,618 of wave 1
WAVE 4 from 3,48$ to low 2,56$ just above top wave 1 (perfect) of 119days and -27% correction or 50% of wave 3
in a wedge triple combo WXYXZ correction
WAVE 5 prediction seem to be messy options:
1st idea)
if Primary wave 5 is equal in magnitude to Primary wave 1 of 104% gain it ends at 5,52$ what has been reached just.
- Problem is that the time is then a lot shorter as only 40 days if counted by end of wave 4
- also problem is that lower degree intermediate waves are much shorter as other intermediate waves of Primary wave 1 and 3, so they look more like a lesser degree Minor wave.
- other problem is that Intermediate wave 4 looks not good.
- that can be solved by Intermediate wave 5 becomes an extended wave as here: still the low of intermediate wave 4 is way to far of top wave 1.
2nd idea)
- problem is wave 4 overlaps a lot wave 1 what is against the rules
- same time frame is to short
3rd idea)
- due to the short time frame, what we see are lower degree Minor waves and not Intermediate waves.
- Intermediate wave 1 is from 2,71$ to 5,06$ with the minor waves in Yellow as here www.tradingview.com
Minor wave 4 low is above top Minor 1= OK
Minor wave 3 is not the biggest but just not smallest, almost the same as Minor 1 (not perfect but within the rules)
-Intermediate wave 2 correction is a triple combo rising wedge Purple WYXXZ and the rest goes like this:
where Intermediate wave 3 should be higher as drawn there due to the % gains versus 1 and 5
Problem here is still the big picture: Cycle wave III should be a lot higher as Cycle wave I top at 8,40$ To give Cycle wave IV a lot of room to correct.
SOLUTION:
The only solution to this is that Intermediate wave 3 blue of Primary wave 5 green in next days to start is larger as Intermediate wave 1 from 2,71$ to 5,06$ of 83,5% gain.
Or the 1,618 Fib of Intermediate wave 1 = 135% gain till around 11$
- The time to complete Primary wave 1 to 3 (311d)= the time to complete the end of Primary wave 3 to end of 5= till 05-march-2018 Intermediate wave 5 188d
- if neither Primary wave 1 or 3 is extended, expect wave 5 to be 1,618x net of wave 1 to 3(of 184,79% gain) or 1,618 x 184,79% = 299% from 2,71$ = 10,81$ (about the same level as previous calculation)
- If this happens, the last of last wave 5 is a mystery and can make a small new high till 13$-16$ after long correction of Intermediate wave 4.
That gives from 13$ to 8,40$ enough room for Cycle wave IV to correct over a long time frame.
I have a problem validating that large increase at the moment with fundamentals at this moment.
This massive increase can only go together with large new contract announcements. Maybe from Protonex USA military or Japan Toyota news.
If CEO times it good, there is an open portal in the next week or 10 days to break many long term trend lines around 6,80$ after the break it is an open sky till high 8,40$ and then target 11$
Yearly zoom-out to see Cycle wave I and II:
All time Zoom-Out to see all Cycles waves:
How can rule 3 been broken when all other rules followed?
From Cycle waves to intermediate, BLDP is following Elliott rules exactly! Up to the extension I drew 05-10-17 that had to break out 06-10-17 to be valid and it did +7% = We are now in last stage with extension to terminate primary wave 5 who ends on his term Cycle wave III.
And here comes the big breaking of the Elliott rules, Cycle wave III will have a LOWER top as Cycle wave I, what means Cycle wave IV will intervene with Cycle wave I territory .
Rule 3: Wave 4 can never overlap Wave 1!
I am curious if someone can get a different counting out of it so the Elliott theory still applies full here from intermediate to Cycle as now it looks like Rule 3 will be broken.
Open to all better Elliott wave ideas
Elliott wave from Cycle to intermediate on BLDP HelpHi chartists,
I drew a full Eliott wave on the long term chart on BLDP, the big Cycle waves can be seen here:
we are in Cycle wave III now.
of this Cycle wave III, here are the 5 Primary waves:
we are in the last Primary wave 5.
On the hourly chart of Primary wave 5, are the Intermediate waves be zoomed in here:
And here on the intermediate wave level i am stuck, it does not look as I counted wrong.
But have the strongest idea this will go higher.
Solutions:
1) wave 1,2 & 3 gets merged in to wave 1, wave 4 becomes wave 2, but then the problem is that wave 3 is to short.
Solution here would mean wave 3 is an extended wave with an other 5 waves within. as here drawn:
only the 3rd wave within is very long in time compare to the other waves.
2) wave 5 is here the extended wave, but again, wave 3 within is very long in time compare to the other waves.
What is your opinion? Any other wave count possible?
Is there a point that an extension is not possible any more due to the long time frame it continiues flat?
thanks
Breakout either way?As we see, we have a triangle forming here.
Now with every crossing of Support or Resistance, there might be a breakout to that direction.
Right now the EMA 200 is below the price, what means the breakout should go long. On the same time though, we see that the EMA 200 is very close the the price and could change its mind every second... So that is not a good help right now.
The main trend is long as well, but on the other hand, the price forms lower highs (sign for a downtrend)...
Me personally, I think the breakout will go long, but its a 50/50. You could also just flip a coin.
Keep watching it is the only definitive way to see what the price will do...
Good luck!
If you have any information why the price would more likely go in either direction, I am glad to hear it!
BLDP - Flag formation long term long up to $4.34BLDP is forming a nice flag formation with huge volume, rally was backed by a recent contract. However, in the weekly frame it is forming nice upward momentum. We think it has very good upside potential in long term.
* Trade Criteria *
Date first found- April 10, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $2.83 or pull back to $2.70
Exit Target Criteria- $2.47
Stop Loss Criteria- $4.34
Please check back for Trade updates. (Note: Trade update is little delayed here.)
