Bloom Energy Trading Analysis

2024年11月25日

Bloom Energy is approaching a strong resistance zone, with the RSI reaching an overbought level of 86. Historically, every time the price has reached the $26 level, we have seen a crash of up to 50%-54%.

From my perspective:

I have sold my long-term holdings and plan to buy back when the gap is filled around the $14 zone.
I am shorting this stock to potentially benefit from the anticipated drop.
Trade Setup:

Entry: $26
Stop Loss: $29
Take Profit 1: $18
Take Profit 2: $14.5
Additional Observations:

The Greed Index has reached a "High Greed" level.
On the weekly chart, the RSI has hit 80 for the first time, further signaling overbought conditions.

Disclaimer: This is not financial advice. Always conduct your own research and consult a financial advisor before making investment decisions.

2024年11月25日

交易進行

Why I think BE is overvalued and why I closed all my long-term holdings and am shorting it now — based on the current P/S ratio of 3.74. With a 17.5% revenue decline in the last quarter and no profitability yet, cautious investors might view it as slightly overvalued at present.

2024年12月3日

交易結束：目標達成

BE Get out while you still can! The drop gonna be painful.
There’s a strong bearish divergence, the RSI is at 87 (overbought zone), and the Greed and Fear Index is extremely hig

2024年12月5日

註釋

Target wasn't reached I closed it by mistake there is a head and shoulders in play at the top

2024年12月19日

註釋

I've closed 4 short positions on BE, with one still open. Who else joined me in shorting it? If you did, consider closing 60% now, and aim to close the rest at $15.

2月18日

註釋

I'll be shorting at $30
SL $32
TP $18