BE technical setup suggests breakout potential; reaching 310-320 levels increases odds of all-time highs via momentum and FOMO.

We had Bloom as one of the worst performers on Monday, one of the best performing stocks yesterday. Today, we're down about 4%. So, uh walk me through how you're looking at Bloom overall and and then how you're looking to trade Bloom right now.

Bloom Energy, uh, you know, this is a stock uh, you know, really just years ago. I mean, it's pretty wild to think about this. When I first started trading this stock, it was like eight or nine dollars.

Cool tech. It was really kind of new back then. Um, nobody knew about it. It was like this company with their little containerbased battery packs and it was kind of you know like I said no one knew about it.

Uh took off on a massive run since then and then uh you know a lot of news loosely tied in with SpaceX and then obviously got added to the S&P 500. I mean this is pretty rare that we see those singledigit stocks end up in the S&P 500.

Now, what I like about it is, you know, like as you mentioned, it's kind of had that rocky last couple weeks, but kind of much like that Nvidia chart. It just keeps trying to kind of break out.

Uh tried a couple months ago, failed, sold off pretty hard. It's kind of back into that range before it broke out. So, I get, you know, really what I'm looking at on chart is and and Rick will probably map out these levels as well, but like I think if we can get to that 310, 320 area, it'll finally be enough momentum kind of that one, two, three times a lady test that we talk about in short-term trading.

So, if it can break those, like I said, 310 320 levels, I think that you got a great odds of all-time highs. And we know what happens when these stocks hit all-time highs. people get FOMO, they start uh buying into them because they missed the move and they push them higher.

So, like the technology, like uh uh the the idea, but really from a technical standpoint, I think it's poised to break out again.

Let's talk about Bloom Energy. A wild chart here. We've got ups, we've got downs. Uh just even in the last 48 hours, we have all of this for Bloom. But overall in the technicals, what are you seeing, Rick? And what levels stand out to you?

you can see here our old highs 35128. Our next highs here 320. Those are pretty far off at this point. We've had a downward sloping trend line that was broken here, but our upward sloping longer trend line in blue is still in play.

We have transitioned now to a rising wedge type of shape here with our two boundary lines converging toward each other. We did overtake some of those recent highs near 284. Uh but we have fallen back uh down a little bit below this threshold here.

So these old highs and subsequent lows are our green line at 254. So look for that to be a potentially supportive area if we do break through our trend line. We can also see that our blue and teal trend lines representing five and 21day EMAs, 279 and 264 or so are the most relevant to our current price uh activity areas here.

Our teal 21-day EMA lines up very closely with our trend line as well. RSI triangular shape here. Uh not really quite uh in tune with price. Uh we have more of an upward bias in price.

RSI looks a little bit more sideways here, but we are still above that 50 midline. So, be on the lookout for any significant breakouts from some of those boundaries for directional clues.

Our volume profile study shows that we have a node here 265 to 295, which we kind of failed to break out above. Now, we're kind of back right in the middle of this heavy trading volume area.

And as we look at Bloom again today, down about 4%, we're trading at 27932.