BNE is consolidating between ~265 and ~300; positive news and S&P inclusion catalysts suggest potential for a breakout above this range despite near-term resistance.
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I guess, you know, we should start with Bloom Energy. We talked about that a little bit with Mike there. I know a lot of you folks in the chat thought that um Bloom Energy has been a great trader for us.
It definitely has. Um and it's connected to the semis which has been one of the hotter spaces here.
Bloom Energy, I think you're in a pretty significant consolidation range. I really do. Uh we're basically back into this area. I think this starts at about 265. Maybe you want to call it 270, but I'm going to say 265ish.
And I think this really kind of goes up to like 300, 305. I know we have this one big peak that goes up to 321, but for the most part, this area in here should be fairly significant.
Now, with the move that this has made, I wouldn't be shocked if this went towards 300. The news is good. There's obviously if it's going to join the S&P, there's forced buying that we have to think of.
So, I would love for for all I I would love for trading ideas here on Bloom Energy. Is anyone swinging this? Um, is anyone taking a a medium or long-term approach on this? For me, the trading in this has all been short-term.
Uh, but I'm just curious here. Blue Energy, this has been a huge winner. Stock absolutely loves to move. It's traded on great volume. Now, we have a news catalyst here. Let me know what you think on Bloom Energy.
I I think we're entering an area here where we should expect some resistance, but but gosh, if we break out from this, we break out from this, sky's the limit. Sky is the limit.
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