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Here's Bloom Energy, a very popular stock that gained its fame because of Nancy Pelosi. Well, that's part of the reason. Bloom Energy also has an interesting business, but take a look at the technical analysis here.

See, when Bloom Energy was moving sideways within a certain range, the Bollinger Band was fairly narrow. It was a little smaller and not very wide . Then, when Bloom Energy experienced a lot of volatility and started trading downwards and facing a lot of negative momentum, that's when the Bollinger Band widened significantly .

It widens noticeably during downturns. That's because more volatility means there are more possibilities for the stock to move further in the future, either downwards or upwards.

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.

Bloom Energy. I'm also seeing more and more advertisements for Bloom Energy. 13. I would love to hear what you think on this one. Um today we are breaking out of this formation.

I think this is actually kind of set up to move higher here. I see another significant resistance level at 318. We probably get one also at 300 for the round number. But what do you think about this formation here?

We, you know, we've basically tested the 200 twice, started to push up from that, recaptured some other moving averages, we've consolidated above the 100, and now today it looks like we're trying to break the structure to the upside.

It's okay. Be came into the 65 EMA and looked like it was going to bounce. This actually had an all right setup here in the pre-market. Uh here is a trend line that maybe represents a target.

We'll see. This thing looks like it's setting up.

this looks like it's trying to uh Bloom Energy is trying to set up to make a break over 280. Uh couple of days, you know, uh this is uh actually this week, Tuesday and Wednesday.

Uh both days trying to push through that uh after that ran out of gas, this thing came back in u yesterday, almost filled the gap to the downside. So, I think that's I think that's the level to watch for here with Bloom Energy is a break through uh 280.

Uh looks like if we get that, we could uh come up with the next resistance area, which looks to be 300.

Well, I like Bloom Energy. Doesn't mean you need to like it. It means to mean if you like this one you could start researching it, but I like it over the 50-day moving average and it's now starting to move up and it's got a couple of days of good volume on it to kind of help it out.