{"id":437722,"date":"2026-09-08T23:52:30","date_gmt":"2026-09-08T16:52:30","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/bloom-energy-technical-view-the-price-of-bloom-energy-is-up-about-20-since-last-weeks-video-what-now-437722\/"},"modified":"2026-09-08T23:52:30","modified_gmt":"2026-09-08T16:52:30","slug":"bloom-energy-technical-view-the-price-of-bloom-energy-is-up-about-20-since-last-weeks-video-what-now","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/bloom-energy-technical-view-the-price-of-bloom-energy-is-up-about-20-since-last-weeks-video-what-now-437722\/","title":{"rendered":"Bloom Energy Technical view: The price of Bloom Energy is up about 20% since last week&#8217;s video. What now?"},"content":{"rendered":"<div>\n<p>In an earlier <a href=\"https:\/\/investinglive.com\/education\/trading-lesson-do-you-need-to-know-a-lot-about-a-company-to-trade-their-stock\/\" rel=\"follow\">trading lesson from September 3<\/a>, I asked a simple question:<\/p>\n<p>Do traders need to know everything about a company before trading its stock?<\/p>\n<p>My answer was no\u2014but that does not mean fundamentals are unimportant.<\/p>\n<p>Understanding what a company does, why its business is attracting attention and what may drive its future growth can help traders develop a directional bias. However, that knowledge alone does not tell you where to enter, where the trade is wrong or how much capital should be placed at risk.<\/p>\n<p>That is where the technicals become essential.<\/p>\n<p>Technical levels provide the trading roadmap. Moving averages, retracement levels, swing areas and previous highs and lows identify where buyers or sellers should show up. More importantly, they give traders levels against which risk can be defined and limited.<\/p>\n<p>You may know everything about a company and still lose money if you buy at the wrong price or fail to control your risk. Conversely, you do not need to know every detail of the business to recognize a favorable technical setup.<\/p>\n<p>The fundamentals tell the company\u2019s story. The technicals tell you how to trade that story\u2014and where to get out if the market proves you wrong.<\/p>\n<p>Bloom Energy provides the lesson<\/p>\n<p>When I published last week\u2019s post and video, Bloom Energy\u2019s stock had been mired in an up-and-down trading range.<\/p>\n<p>That began to change when the price found support against its converged 100- and 200-hour moving averages near $213.25. Buyers leaned against those moving averages, the price began moving away from them and sellers increasingly turned into buyers.<\/p>\n<p>The upside momentum then carried the price through two important technical levels:<\/p>\n<ul>\n<li>\n<p>The old floor-turned-ceiling near $227.34<\/p>\n<\/li>\n<li>\n<p>The 38.2% retracement of the decline from the June 25 all-time high to the July 28 low at $231.66<\/p>\n<\/li>\n<\/ul>\n<p>Those breaks were technically important, but the lesson was not simply that the price was moving higher. The more important point was that the broken levels gave traders a way to define and limit their risk.<\/p>\n<p>For Bloom Energy, the closer risk-defining level was the 38.2% retracement at $231.66. Traders wanting to give the position more room could instead use the old ceiling near $227.34.<\/p>\n<p>The roadmap was straightforward: Stay above those levels and the buyers remain in control. Move back below them and the breakout begins to fail, disappointing the buyers.<\/p>\n<p>What happened next?<\/p>\n<p>The price stayed above both levels, preserving the bullish bias and keeping the buyers in control.<\/p>\n<p>On Friday, the rally continued through the 100-day moving average, currently near $250.37. That break was another important development because moving above the 100-day moving average shifted the longer-term technical bias more in favor of the buyers.<\/p>\n<p>In today\u2019s trading, the price extended above the 50% retracement at $254.62 and then moved through the 61.8% retracement at $277.58. The high reached $283, while the stock is currently trading near $280.44.<\/p>\n<p>As the price moves higher, the risk levels should also be adjusted higher. Traders do not want to allow a winning position to turn into a large losing position.<\/p>\n<p>Close risk can now be defined against:<\/p>\n<ul>\n<li>\n<p>The 61.8% retracement at $277.58<\/p>\n<\/li>\n<li>\n<p>The July 9 swing high near $276<\/p>\n<\/li>\n<li>\n<p>More conservatively, the rising 100-day moving average near $250.37<\/p>\n<\/li>\n<\/ul>\n<p>The closer levels provide tighter risk but leave less room for normal price volatility. The 100-day moving average gives the position considerably more room, but it also requires accepting greater risk. Each trader must make that decision based on position size, time horizon and risk tolerance.<\/p>\n<p>The technicals told the story<\/p>\n<p>From the converged 100- and 200-hour moving averages near $213.25, Bloom Energy\u2019s stock has risen by approximately 31%. From the break above the 38.2% retracement at $231.66, the gain has been about 20%.<\/p>\n<p>Did traders need to know every detail about Bloom Energy to participate in that move?<\/p>\n<p>No.<\/p>\n<p>Knowing the company and understanding the fundamental story certainly helps. However, what traders needed most was an understanding of the technical breakout levels\u2014and the discipline to use those same levels to define and limit their risk.<\/p>\n<p>The technicals did not guarantee that the stock would rise. Nothing in trading offers that guarantee. What they did was identify where the buyers were taking control, where momentum was strengthening and where the bullish trade would be proven wrong.<\/p>\n<p>That is the real lesson.<\/p>\n<p>I hope these educational posts help mold your trading mindset toward understanding how price action and technical tools can tell you a great deal about what the market thinks of a company\u2014even if you do not know everything about the company itself.<\/p>\n<p>Know the levels. Define the risk. Follow the price action.<\/p>\n<p>Watch and learn.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In an earlier trading lesson from September 3, I asked a simple question: Do traders need to know everything about a company before trading its stock? My answer was no\u2014but that does&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437722","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437722"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437722\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}