This morning we are looking at BLDP. It is above the 25, 50 & 200 day moving averages.
The Stochastics in the above chart are showing an overbought condition, but our longer term Stochastic indicator is showing BLDP to be in an uptrend:
Our Phil’s X2 chart is also showing there to be institutional buying in the stock as it is blue:
Our Phil’s X1 chart also shows that there is support at $4.38, which is right below where BLDP is trading now.
Our 15 minute / weekly chart is also showing signs of being bullish as the weekly trend is up:
Finally our MACD is also looking bullish:
We are looking at BLDP for a shorter term trade with a stop right under the support level. Good Luck Trading, See You on the Charts!
$4.4 (08/13/08)
