$BEBear claim
Steve MillerANALYSTJul 17, 2026The claim
“Bloom Energy is in a bearish broadening pattern with heavy volume, testing the 61.8% retracement — the setup favors further downside, especially if it fails to hold post-earnings.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
Stalling at resistance at the top of the broadening.
This is more bearish than anything else at this point, especially given the move that volume has had.
We're at a 61.8 fib. We're at about the halfway point of the cycle.
Post earnings, if this stays down, I'm going to be looking for another short uh lower in bloom.
Risk
The overall bias is positive, but you're in a larger broadening pattern technically. So, that is more of a concern.
The structured call
Direction
Bearish
Catalyst
—
Target
—
The receipt
Publish-day price $$261.03 · the claim is anchored to the moment it was said.