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Here's Bloom Energy, a very popular stock that gained its fame because of Nancy Pelosi. Well, that's part of the reason. Bloom Energy also has an interesting business, but take a look at the technical analysis here.

See, when Bloom Energy was moving sideways within a certain range, the Bollinger Band was fairly narrow. It was a little smaller and not very wide . Then, when Bloom Energy experienced a lot of volatility and started trading downwards and facing a lot of negative momentum, that's when the Bollinger Band widened significantly .

It widens noticeably during downturns. That's because more volatility means there are more possibilities for the stock to move further in the future, either downwards or upwards.

Yes, there is an exceptionally strong and outstanding performance from Bloom here. We can also see that it is a standout company even among alternative energy infrastructure companies here.

But what we have seen recently has been a kind of moderation in price movement. We recorded a peak at 351.28 during the past twelve weeks, and since then we have been trending downwards.

But we broke through the downtrend line in blue. The long-term upward trend line in blue is still in place , but it has been replaced by a sharper white trend line pointing upwards.

So, for now, we have reached a high point around 280 . Friday looked like we might break the downtrend line, but today's pre-market activity has likely pushed us back strongly above that level.

Bloom Energy. I'm also seeing more and more advertisements for Bloom Energy. 13. I would love to hear what you think on this one. Um today we are breaking out of this formation.

I think this is actually kind of set up to move higher here. I see another significant resistance level at 318. We probably get one also at 300 for the round number. But what do you think about this formation here?

We, you know, we've basically tested the 200 twice, started to push up from that, recaptured some other moving averages, we've consolidated above the 100, and now today it looks like we're trying to break the structure to the upside.

It's okay. Be came into the 65 EMA and looked like it was going to bounce. This actually had an all right setup here in the pre-market. Uh here is a trend line that maybe represents a target.

We'll see. This thing looks like it's setting up.

this looks like it's trying to uh Bloom Energy is trying to set up to make a break over 280. Uh couple of days, you know, uh this is uh actually this week, Tuesday and Wednesday.

Uh both days trying to push through that uh after that ran out of gas, this thing came back in u yesterday, almost filled the gap to the downside. So, I think that's I think that's the level to watch for here with Bloom Energy is a break through uh 280.

Uh looks like if we get that, we could uh come up with the next resistance area, which looks to be 300.

Well, I like Bloom Energy. Doesn't mean you need to like it. It means to mean if you like this one you could start researching it, but I like it over the 50-day moving average and it's now starting to move up and it's got a couple of days of good volume on it to kind of help it out.

The reason that Bloom Energy has become the huge winner that it's been over the past year or two for investors is because they can power up these data centers extremely quickly.

And the irony here is Bloom Energy's basically pitch to investors even during the pandemic was this was going to be a green energy company. We were going to be able to make hydrogen through electrolysis.

We were going to be able to turn that hydrogen into power very easily and cost effectively with Bloom Energy fuel cells. Now that's all kind of off the table and we're going back to the way that Bloom Energy has always run and that was actually operating with natural gas as the fuel source.