Jimmyza
Really no chart needed and no idea if the lines mean anything right now. All you need to know is to buy tankers and hold them for 6 months. Do you DD and look into tanker rates, the oil glut is a boom for tankers. Get in while you can (6-month timeline)
Watching this run up we may break out more but ultimate test will be upper resistance. Break out past 830 and we may see 1k for a car company during a recession....wow Currently no position
Buy and Hold until we hit 790 and set a stop. Remember earnings is Wednesday and I would not be holding into them short or long.
I still have my 50% short active and plan on scaling in more if it confirms lower, but for now we may see it break to upper side if markets continue up today. If it breaks lower again today those gaps look delicious.
Closed out of my previous short this morning (linked) but it seems to be getting resistance from the same line it followed two days ago. Might play with job numbers tomorrow(although seems to be a bullish thing?). Good luck out there!
My arbitrary lines are holding up well. Today should be reckoning day, do we officially breakthrough the support that was created after the initial break out of the channel? We shall see!
All indications are still showing a reversal soon. Added some new temporary lines along with the old channel and dec./jan. trendline. With oil low and semi patent infringement we may go lower before earnings. Again stops should be anything in the 765 to 770ish area if you are shorting. Trade carefully
Great time to short it is now. Watch closely above 760ish to cover but anything below is easy money right now. I attached my previous posts of this same graph. Markets are fading and I believe this will too.
It is clear that it is now resistance. Great short opp. with a stop loss set above 760 today. Good Luck.
It jumped out of the temporary channel and is now trying to breakthrough a previous support line from Dec. and Jan. It failed yesterday and today and if it doesn't breakthrough soon we may see the end of this run up and a touch of the strong support around 360.
Same chart posted a few days ago. We touched the downtrend line again today. Bearish until it breaks through.
Recent rumor about covid-19 case at the factory and santa clara county having an explosion of cases makes this very bearish near-term and long-term.
This 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.
BLDP is currently ramping up production for buses/trams in china and is seeing a decent ramp-up in production for these orders. They also recently signed a deal with a Toyota subsidiary in japan for distribution and is expecting news soon. Chart wise--- If a new low establishes itself above 1.92 we could remain in this bullish uptrend