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Analysis: #NYSE $BE

Case 356 #Bloom_Energy Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#BE 1/3
Chart 1
Weekly Chart: The Oct. 2019 all time low at 2.44 is now well established, price is breaking above the #trendline and the immediate #resistance is 11.78 with a break targeting firm #pivot resistance at 16.45 which sits above the #Fib. 0.382.

BE 2/3
Chart 2
Daily Chart: #Momentum is flat and there's no immediate interest to chase the price higher. The best reliable #support begins at 7.68 and below there 5.05 - 3.44 (trendline) area.

The #Strategy is printed on the image.

$BE 3/3
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