Technical analysis of Iron (IREN) and Bloom Energy (BE) stocks using institutional trade data from the past 30 days. IREN shows bullish targets at $50.21 above $46.25 and support at $42.80; BE has bullish targets at $277.19 above $244 with support at $229.72. The analyst trades both intraday and swing setups based on price action.
Chapters
Good morning, traders. It's Monday, August 17th at 4:52 AM. All right, 2 stocks to trade today. We've got Iron and we've got Bloom Energy. So let's go ahead and have a look. Largest trades in the last 30 days. You can see a lot of prints here. 1 million, 1.8, 2.5 million, and that's stuck right here in the middle. So we had consolidated there, moved up, tagged one, came back, and this was interesting. July 29th, look at this. 700K, 700K, 1.3 million. $851K right here, and then boom, right off the top of that. That's a great entry point after all of this moving back up. Went sideways for a bit. It's been a slow grind to the upside. We've popped, pulled back to the 4 exponential moving average, and let's see if we can close above this 100 simple moving average for a swing into the upside. Otherwise, we've got an intraday, intraday trade to the upside and the downside, so we have no bias at all. We'll just trade what is in front of us. We're going to be bullish, $46.25. Let's get up here. Target $46.82, $47.47, $48.49, $50, and then $50.21 is R3, which is usually overbought. And the ATR on this one's about $4, so that'll get us there. Bears below $45.50. Let's get below this cam right here. You can see where this has been support area. Target 45, 44.81, 44.73, 44.56, 44.31. Then we've got 43.02, and which is— 43.02 is the S1, and then 42.80 is a 2.5 million. So just be careful here, this might not go all the way down. We've got a— we've got my 200 exponential, 200 simple. Then we've got 3 pivots and cams, and this is the post-market here around $44. So be careful with that one. Let's move over to Bloom Energy. All right, so Bloom Energy, similar sort of situation here. We've got lots of prints back here from $200 to $206, $212. That's monstrous here. And then 215 to 237. So going back here, July 20th, you see a bunch of prints here. We moved up, got another print here around the 229, 325K. We pulled all the way back to my— I think, what's that, a 200 moving average? And then we've been swimming through these prints, and it looks like they've been adding to their position. We'll see because we've got these pins at the top on the 50 simple, but Today we're trying to break through that. So let's go ahead and map this out on both sides. We're going to be bullish above 244. Let's have this R1 as support. Then we've got 251.05. Then we've got 256.29. Then we've got 260, 270, 277.19 is R3. The ATR in this is about $25, so it can really move. It's consolidated for a bit though. On the downside, we're going to be bearish below 240. Let's get below here, 240, target 237.01, 235.69. Then we've got 235.39, 233.77 right here. Then we've got 231.86 and 229.72, which is this 325K. This is that post-market. Now this one might be a little bit difficult as well. We've got a half a million K print here. Or half a million, and then we've got 200 exponential, 200 simple. Then we've got the pivot and a cam sitting right here with the print. So we'll see if we test this and start moving back up. It might be a good entry point if we break that and that becomes resistance. And I've mapped it out down to here, these prints, which is the post-market low on that one. Okay, there you have it. Those are your two trade setups for today. So please like, share, subscribe, do all of that great stuff. Leave some comments in the comment. Section below, and we'll see you tomorrow with all new trade setups. Happy trading. Mobitick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
