“Bloom Energy S&P 500 Addition & Macro Breakouts”
LITE is approaching a technical breakout; closing above 977.60 could trigger a move to 1038, though significant resistance remains at 1087.
Specifically right here on LITE, notice we've got a declining trend line generated from May 12th connected over to this next major pivot on May 7th or on August 17th, and today price action pierced that range and have since now retreated back down to close the day basically right here on this declining trend line.
Now, so we haven't officially closed above, but we are on literally the warning track of closing above and generating another potential breakout for LITE.