$BLDP Long Into Gap Fill & to New Highs

19 Ogo 2020

BLDP is looking to fill a gap up to $18 after a double bottom around $14. BLDP is a fuel cell stock with peer stocks PLUG BE FCEL; I am long the group of these stocks and want to highlight BLDP here. Especially interesting with BLDP is the daily TTM Squeeze momentum turning positive after a large selloff & subsequently negative momentum; I am looking for this momentum to flip above the 0 line and continue a longer term trend higher.

Also of note related to fuel cell stocks are EV stocks here. I continue to be bullish and long SSHLL SPAQ NIO WKHS FFUV TSLA, etc.

Just look at the setup on SPAQ

19 Ogo 2020

Nota

Little update after today:

21 Ogo 2020

Nota

Daily Unchanged


1hr Squeeze still releasing down


30min closer look. Needs above $15.22 tomorrow to potentially retake $15.50 & $15.85

21 Ogo 2020

Nota

BLDP making a nice move. Volatility is expanding and it's pushing that gap. Glad I added yesterday.

29 Ogo 2020

Nota

Little update after the week.

Well, we got our gap fill but it was quickly rejected and BLDP returned to channel consolidation. Not a good sign to see it fill & reject so quickly; the squeeze also doesn't make me feel fantastic as it is not releasing and could roll back over if BLDP can't move higher here.