BLDP, BLNK, CSIQ, SONO, TCS -- Stock Charts to Watch

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BLDP, BLNK, CSIQ, SONO, TCS -- Stock Charts to Watch

Charts of the Day video for Thursday October 1st, 2020

Ballard Power Systems Inc. (BLDP) was coming out of the fourth wave to the upside on Thursday with a pop of 1.35, or 9%, to 16.45, with a session high of 16.47, on 5.7 million shares traded. If the wave extends here, look for a retest of the high at about 22, and then something in the high 20’s, low 30’s.

Blink Charging Co. (BLNK) is surging. It had an inside day on Thursday on low volume, but still gained 36 cents, or 3 1/2%, to 10.67, going with a session high of 11.08, on 5 million shares traded. If it pops and extends, and takes out the 11 1/2-12 zone, I think, that’s where it could get going, making a run up to 14 1/2 and 17. Those are my targets.

Canadian Solar Inc. (CSIQ) has now been up 5 days in a row, and 8 out of 9 days. On Thursday, it jumped 1.25, or 3.6%, to 36.35, to a new multi-year high of 36.73 which goes back five years to 2015. Volume was 1.8 million shares traded. The high comes in around 40, and I wouldn’t be surprised to see it test the 40-43 zone going forward.

Sonos, Inc. (SONO) broke through a key-resistance level on Thursday, and popped 83 cents, or 5.5%, to 16.01, with a session high of 16.08, on 5.9 million shares traded. It is probably going to test the highs around 18. A move beyond that and we are looking for 21.

The Container Store Group, Inc. (TCS) broke out of a wedge on Thursday, and jumped 1.58, or 25.4%, to 7.79, with a session high of 7.82, on 4 million shares traded. That is the biggest volume we have seen on this stock in quite a while. It is leading me to believe that it’s going to extend. The next target is 9-9 1/4.

On the long side, stocks included Axovant Gene Therapies Ltd. (AXGT), Ballard Power Systems Inc. (BLDP), Blink Charging Co. (BLNK), CymaBay Therapeutics, Inc. (CBAY), CareDx, Inc (CDNA), Celldex Therapeutics, Inc. (CLDX), Ceragon Networks Ltd. (CRNT), Canadian Solar Inc. (CSIQ), Digimarc Corporation (DMRC), Canada Goose Holdings Inc. (GOOS), Maxar Technologies Inc. (MAXR), Catasys, Inc. (OTRK), Pacific Biosciences of California, Inc. (PACB), Cassava Sciences, Inc. (SAVA), Sonos, Inc. (SONO), SunPower Corporation (SPWR), The Container Store Group, Inc. (TCS), Veoneer, Inc. (VNE), Vista Outdoor Inc. (VSTO), and VivoPower International PLC (VVPR).