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 The long-term upward trend line in blue is still in place , but it has been replaced by a sharper white trend line pointing upwards.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