Dave Barnhart analyzes Bloom Energy stock technical levels and order flow. Smart money has placed $670M in support below the stock. Key resistance sits at 244, with bullish targets near 277 if it breaks above.
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Let's move over to Bloom Energy. All right, so Bloom Energy, similar 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, and 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
