Bloom is in an upward trend but has not broken out; negative RSI divergence makes it technically weaker than peers, though long-term indicators remain bullish.

Good. So, let's move on to your second choice here. You have Bloom Energy, whose news has been coming one after another. Jenny and I were just talking about energy needs as Constellation signed this new deal with Google right here.

But we saw "Bloom" continue to rise strongly. I mean, even today we are up 2.75% at the moment. So, how do you view "Bloom," Mike?

Well, umm, not too different from " Coherent". The graphs look suspiciously similar. Therefore, either both will be wrong or both will be right. But, again, what is happening in the market makes sense, as do the sectors we are in.

We are looking at the alternative fuel, which is in standby mode, and if it breaks through the level, it will launch.

Okay, KG. Do we see similarities here between "Bloom" and "Coherent" and also the possibility of another upward move in this stock?

Let's say that "Bloom" is probably about two months behind what we saw in " Coherent". But it is establishing a base and is still in an upward trajectory. If you look at last year, and look at the lows from around December and establish a trend line from the December lows, you can see that we actually tested the 200-day moving average and saw some buyers really step in .

So, she would kind of stretch that out and say, "Okay , the 200-day moving average would be a major support area ." We saw a kind of breakout to the upside, and this consolidation that occurred around June and July of this year, and then we saw that pullback that tested the 200-day moving average.

Now we are trying to build a base and then take off. This stock has not yet achieved an official breakout. You still need to get past the 308 level and then the 350 level before you get the "cup" pattern and then try to break out here.

But the Relative Strength Index (RSI) is the one thing that makes me a little wary of this name. Yes, the price movement over the past month and a half has been trending upwards, with higher highs and higher lows.

Meanwhile, the Relative Strength Index (RSI) is showing lower peaks. This is what is called negative deviation. So , the price momentum has been waning here over the past two months , and the MACD indicator has become somewhat flat.

The 12-day exponential moving average is above 26, but it doesn't have the strong momentum you'd like to see or the kind of pattern that suggests a complete breakout to the upside.

But the flow of news could change that. So, Marley, this trend is still upward, but I see that Coherent has a slightly better technical position to break out than Bloom does at this stage.

If we reduce the chart to three years, does the trend line remain intact for " Bloom" as well?

Yes, it remains so, whether upwards or downwards. What we see is a type of "megaphone" or horn style. This simply means that we are in an upward formation, but the price action is still experiencing a lot of volatility, so to speak.

We are kind of in the middle of that channel, if you adjust its angles correctly. But you could say that yes, the price could continue to rise. You might say that the $400 level, approximately, will be the main resistance zone.

If we see a pullback, that blue line, the 20- week moving average, will act as a support zone for you, at around the $252 level. Here you become more optimistic about the upward trend.

You have the MACD indicator in a bullish formation with the 12-week exponential moving average above the 26-week moving average. Once again, we can see some continuity there. But despite that, Marley, we are still seeing lower peaks on the RSI, a negative divergence that has corrected itself, and this correction will be confirmed if it manages to break above the 65 level on the RSI.

The situation still looks very bullish here, and you're kind of in the middle of that range, but you can say yes, this thing could continue to rise over the next couple of months.

Okay, Mike. So, you're optimistic about this too. How will Bloom Energy trade? Okay, I'm going to play it a little differently here, but in a similar way to what I did with "Coherent" .

Instead of a broken butterfly strategy, I would do a relative butterfly, meaning one to three to two. It's for the foundation. So, I will buy one, sell three, and buy two. So, I want to go beyond 302.35.

If we do that, I'll look at the October 23 options at 320 and 335. So, it's a little wider up front, but I have three sell positions in the middle, and then I only have $5 up back.

So, the butterfly strategy is a buy option at 320, 335, 340. We should be able to buy it at around 1.90 if we get there, if I remember correctly. Therefore, our maximum return will be $8.10.

We risk $1.90. This means a risk- to-reward ratio of 4.26 to 1.

Well, we are now about $30 away from that break-even point. We are trading at around 224.87. We have risen by 2.75% for “ Bloom Energy”. So, another good day to them.