CLNE
CLNE . Ride the Pelican to $29What's not to like fundamentally. They got deals with New York City and Los Angeles County Metropolitan Public Transportation. Nat Gas assists the bridge to cleaner energies.
Technically, I just wanted to draw a pelican. They glide across the skies like kites and only wanna go up.
This analysis is dedicated to Doctor Yield Curve, twitter tasty furu usa.
CLNE Long ideaIm taking a swing trade long with CLNE . It is currently above the supporting moving averages. I see the huge days FCEL,PLUG,BLDP are having. These 4 stocks tend to travel together. I expect CLNE to play catchup and have a good week.
CLNE long ideaI bought CLNE at the open. I look at the rest of the sector, BLDP, FUEL, PLUG all moving higher. CLNE should follow. CLNE is above the supporting moving average. Looks good.
CLNE - Bump & Run formation long from $1.69 to $1.90/$2.23 CLNE seems forming a bump & run formation. It got great money flow accumulation & some insider buying recently. We think it has good upside potential.
* Trade Criteria *
Date First Found- March , 2018
Pattern/Why- Bump & Run formation
Entry Criteria- Current price ($1.69) (Hit March 27, 2018)
Exit Criteria- 1st Target $1.90 & 2nd Target $2.23
Stop Loss Criteria- $1.57
Indicator Notes- Great money flow accumulation
Special Note- Got some insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here)
swing trade off support and trend lineSolid setup off trend lines and support especially considering that this comes post news gap retracement and post earnings report. Since the "sell the news and sell the earnings" haven't resulted in breakdown of longer term support I like the setup. I also like the trend line forming from the day before the news gap and current.
Lower trend line will act as my stop near term.
