Ballard Power Systems Inc  (BLDP) Trade Now »     Rate BLDP  -  Discuss BLDP  -  Add to Watch List        

We sold our position this afternoon as it looks to us like the run in BLDP is getting tired and is ready for a pullback:

We are seeing a bearish candlestick Hanging Man (Tail twice as long as the body - Reversal Technical Indicator - Look for CONFIRMATION on following day):

Volume has not been strong so we were anticipating a pullback as momentum began evaporate:

The DAILY chart has completlely rolled over:

The 15 MINUTE is rolling over and the Stochastics in our WEEKLY chart are at the top, also looking ready to r

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 th

Long-Term Swing Pattern Developing. 

http://stockcharts.com/h-sc/ui?s=BLDP&p=W&yr=2&mn...

Pollux Technicals.

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