What I like about setups like this is that once a true blue-sky breakout starts, it's almost impossible to know just how far the move can run. I'm watching closely for a potential re-entry around $195. Micron earnings could be a major catalyst for memory names. With $SK hynix(SKHY)$ pushing toward $200, the setup is getting interesting for a potential breakout if semiconductors catch another wave of momentum. Above $200, things could move very quickly.
$Bloom Energy Corp(BE)$ Bloom Energy is looking good here. Price is tightening up nicely above a key support area, and the structure is staying constructive. A clean push out of this compression could set up the next leg higher.
$Bloom Energy Corp(BE)$ The technology here may matter more than the "fuel cell" label suggests. Bloom's edge is increasingly about where and how electricity gets delivered. The systems are onsite, so power can be generated directly where it's needed instead of waiting on lengthy grid-interconnection timelines. They're modular, meaning capacity can be added incrementally rather than waiting years for traditional infrastructure. They're also fuel-flexible — the solid-oxide platform runs on natural gas today, with hydrogen and biogas compatibility offering a path toward lower-carbon fuels. The DC-native part might be the most interesting piece: Bloom can generate 800V DC directly, cutting out multiple AC/DC conversion stages between generation an
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ SOXS hit $38.33 and that's a 5-week low, with the price down 5 days in a row. Usually it manages at least one up day in every 5-day stretch. Even with the usual September seasonal risks, the indexes are still up so far this month. If there's no correction this month, it could come next month, but by then SOXS would have declined even more.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Here is the next setup before any upside continuation, from a 1 minute time frame perspective. We now have confirmation of a break and hold at the critical liquidity level of 45.50. The hourly RSI is indicating price is severely oversold, so a reversal is anticipated at this pivotal region on the chart. Price targets for this setup are 46.34 and 46.60+.
$Bloom Energy Corp(BE)$ Back at it, just like when it was around $350. Didn't sell a single share since then. Just bought the dips and recently started swinging a bit. Patience is key. Holding and swinging. We've already seen what this thing can do, now let's see how high it can really go.