Bloom Energy Trading Analysis
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.
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.
Trade active
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.Trade closed: target reached
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
Note
Target wasn't reached I closed it by mistake there is a head and shoulders in play at the topNote
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.
Note
I'll be shorting at $30
SL $32
TP $18
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.