What is up, everybody welcome to trace trades, where we have technical analysis on different stocks in the stock market, as well as buy hold or sell opinions on these given stocks, i like the preface by saying that i'm not a financial advisor nor expert - i am just Some random dude on youtube, so take what i say with a grain of salt. My purpose for this channel is to provide you guys as much information tools and resources as possible to give you the chance for financial freedom. The reason i got into investing is because a couple years back, i had a very bad medical situation that put me about thirty thousand dollars in debt and my trick to financial freedom. The key for me was some family and friends that pushed me in the direction of the stock market and helped me along the way, and i am now happy to say that i have paid all that medical debt off, and that is something that is definitely possible.

For every one of you so hope that i can provide you some good nuggets of wisdom. Lastly, if you think you enjoyed the video, please drop a like, it really does help out a lot and consider subscribing to the channel if you'd like to see more content. Like this with that being said, today, we are going to be looking at ticker, symbol, cl and e clean energy fuels corporation, and the reason that i am showing this stock today is because it was a request by johanna castro. She says thanks for this regarding the mvis video with chris sane thanks for this.

What's your input on clean energy? Well, i will tell you what i think of clean energy right now, so let's pull up a article about clean energy just so that we have an idea of what this company is so clean energy is a lot like westport fuel systems and energy fuels, and these Stocks are all skyrocketing, and that is because they supply compressed and liquefied natural gas as fuel for vehicles, and that is very similar to what fuel cell does. So when you want to think of something like plug or fuel cell. Those stocks that have shot up an absurd amount of money in the past month, clean energy, is like the penny stock, the baby version of those two companies. Now that is a little promising and uh this.

It was actually really good timing for johanna to bring this to my attention because we just signed off, as i'm sure you all know, on a 900 billion dollar stimulus package. President trump just signed off on that and in the stimulus package was a tax credit write-off for americans who purchase electric vehicles in america and clean energy fields corporation is going to be very heavily tied to the ev sector in the coming years. So this penny stock could be a very solid opportunity to get ahead of some hype and make a good return. What i think of his plug plug at one point was six seven dollars, and now it's sitting in the 30s fuel cell is going to be the next stock.

That does that i guarantee it. They were seven dollars less than a week ago and i think they're currently trading at something around 1350 in the pre-market. Today, clean energy is going to be the next fuel cell. Now they haven't quite graduated from the penny stock category.

They are still a little too volatile and uh unreliable, i'd like to see them hold above ten dollars, because that is what categorizes a stock. As a penny stock, i like to see them hold above ten dollars for a day or two before i'm really willing to get into this as a mid to long term investment. But this is a solid stock and i honestly don't think the risk is extremely high. So, let's take a look at the one month chart and get an idea of the trend that we're seeing here.

So you can see that we had a very long consolidation period um. You know four dollars and forty five cents here, four dollars and forty six cents here. So that's a pretty neutral movement for about i'd, say two and a half weeks and all of a sudden when we started getting these talks of the stimulus package and what would be included, which is the ev electric vehicle tax credits. We saw a pretty significant spike because i think americans really realize the potential of this stock and we do see an all-time high here sitting at about 11.

So we are two dollars below that all-time high right now and um. That was a very solid uh five day bullish run. We hung above the volume moving average for the entirety of that five days, which is something you really like to see and since then, we've had a couple days of price correction, one two days of price correction. Well, here we are today we're in the pre-market, i'm gon na change this to a one-minute chart we're in the pre-market and the stock seems to be in a very good position to begin.

Another bullish run we're hanging above the volume moving average. We seem to have some pretty solid volume for the pre-market here. 1000 925 400 is typical, we're looking twenty thousand one thousand yeah, that's pretty solid, it's pretty solid volume coming in, so we are above what we closed at on christmas day, which is awesome um. I really like the upward trend that we were getting out of this stock and let's establish some support and resistance levels, so we have an idea of what to watch for with the market today.

So i'm gon na set support right here. We have three candlesticks touching here at 759, so that is a very strong support level and we have a resistance and new resistance right here at 935.. Now this is not a great resistance. I don't like seeing these candles that don't have sticks on them.

It's not very indicative of information or traders. However, if you don't trust that we can go here, because this is more indicative 929, we do have a candlestick with a little bit of uh information with it. We have. This is a great indicator.

This seven o'clock limit order, buy and sell off. That's very indicative of what traders are doing so we're gon na see 929 as the resistance level for today. What would i do with clean energy? Well, i think today is going to be a very green day and there's a couple of ways to play this out if you want to ride along the hype of clean energy, if you want to ride along on the hype of the ev sector, tax, credit, write-off And ride the whole ev sector as a whole. You could swing trade this and i think it's hard for me to say that this is going to drop below the volume moving average, but if it does, that would be a perfect opportunity to enter into this stock.

That's a great entry point and if you don't, if all you're seeing is you know, breakout breakout breakout the perfect time to get in is right before the breakout happens, which would probably be right about 9 29, and the reason for that is because 929 is a Resistance level and when traders see a candlestick go above 929, they have two decisions to make. They either have to a plan that it's a breakout or b plan that it's a false breakout and if it's a breakout, all traders are doing the same thing. They're buying into that stock, immediately letting it shoot up for 1 to 10 to 15 minutes and then they're selling out, and that is one way to play this the other way to play. This is, if you were going to take a longer turn position, a swing trade to mid-term position in this you will want to see if it comes back down to this resistance level at 750 or the support level at 759.

That is a solid entry point, but if it does not, i would watch for anything in this low eight dollar range. I would wait until at least until after pre-market opens to regular market hours, because you oftentimes do see a limit order sell-off and that can be a great entry point for this stock. I hope that was helpful. That is all that i have today for clean energy fuels corporation.

I am bullish on this stock. I do not have a position personally, but that is just because i'm in some other place that i enjoy a little bit more, but i've done that deter you from getting into this stock. If you enjoy it because they do seem like a solid company, especially with the current climate in the electric vehicle sector and with the stimulus package that was just recently signed. So if you enjoyed the video, please drop a like, it really does help out the youtube algorithm drop a dislike if you didn't either way.

I appreciate your support and consider subscribing to the channel if you want to see more content like this, like i said, i do post videos every single day, multiple times a day, so that is all i have for you guys today and thank you guys for coming To the channel i'll see you next time, peace.