How Schwab Network’s view on $BE changed

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.

Yes, there is an exceptionally strong and outstanding performance from Bloom here. We can also see that it is a standout company even among alternative energy infrastructure companies here.

But what we have seen recently has been a kind of moderation in price movement. We recorded a peak at 351.28 during the past twelve weeks, and since then we have been trending downwards.

But we broke through the downtrend line in blue. The long-term upward trend line in blue is still in place , but it has been replaced by a sharper white trend line pointing upwards.

So, for now, we have reached a high point around 280 . Friday looked like we might break the downtrend line, but today's pre-market activity has likely pushed us back strongly above that level.