My idea is that of a final move in a giant wedge that
developed in the direction of the primary trend, figure
failed below 1.70, the breakout of the figure currently
passes around 2.80
NYSE:STEM Okay. This is a risky trade. The stock is trading inside a decending wedge. It bounced off of the fib support.
MACD is showing bullish divergence. RSI is climbing.
Upside targets:
$4.50
$7
$9
$15
Downside risk:
$2.30
NYSE:STEM is currently quite interesting. If you have the risk appetite, it could present a double bottom reversal trade opportunity.
It has been trading within a downtrend channel and recently hit an all-time low at $3.50.
If it can break above $5.06, there's potential for it to reach $7.76.
Here are the upside targets:
$5.06
$7.76
$10.50
Downside risk:
$3.50
STEM has finally broken out of a long term bearish channel and has tested the new resistance successfully
Now its making a very smooth HH and HL dow theory movement and an entry can be made when it makes a bounce from the current support level of 6.62
Entry @ 6.62
TP1 @ 9
TP2 @ 10.70
SL @ 5.60
On the daily chart, the trend started on May 4 (linear regression channel).
There is a high probability of profit. Possible take profit level is 7.80
But do not forget about the SL = 3.63
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good Luck!
Regards, WeBelieveInTrading
NYSE:STEM looks like a reversal is forming. Broke out of descending wedge. Breaking above $6.70 would validate the reversal.
Targets - $7.76, $9.28
Downside risk - $3.93
no words, just numbers and single letters
Alright tradingview forces me to use words. worst case scenario is a zigzag against the downtrend. more likely is that it bottomed out and has started an impulsive wave
Hoping to see STEM breakout from it's current levels. Stock appears to be in a nice area I've been waiting for to load up a bit and hold for a nice swing trade. Just some simple TA and levels to pay attention to, I like the stock.
Clean-energy stocks have been one of the strongest parts of the market lately, and today’s chart focuses on a new battery-tech name: Stem.
The first pattern is the quick uptrend in late summer, fueled by the Inflation Reduction Act and strong quarterly results on August 4.
STEM halted at the December low of $16.76 and bounced twice around $13.60. The result is a...
Fundamentals:
- in the near term, the market seems to have found a temporary area of consolidation; that gives the trade enough time to develop
- the company is focused on the storage of renewable energy , thus it is a recipient of the US Inflation Reduction Act , which will substantially subsidise renewable energy companies
- Although it may seem like a...
Bullish
- Round bottom
- Broke downtrend
- Broke neckline
- EPS +1
- Sales +1
- Funds accumulating
- Great fundamentals
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living...
STEM operates as a digitally connected and intelligent energy storage network provider in the USA and internationally.
Above 50/100/200 EMA
High volume
Clean energy demand
Revenue beat in earnings report
A strong breakup last Friday that propelled it above the 200 days moving average now.
Any near term dip will be a lower risk opportunity to long (with stop loss just slightly below the neckline @ 12.30).
Could face some resistances around 16.50 and if it managed to surpass this level eventually, than $19 - $20 is possible.
p/s Biotech and pharma stocks have been...
STEM reversal would bring bottom buyers in and squeeze the 10% short interest. Volume has already surpass the previous weeks volume. Red volume bar line has shown to be reliable
