BLDP, FSLR, NK, NOXX, WKHS -- Stock Charts to Watch

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BLDP, FSLR, NK, NOXX, WKHS -- Stock Charts to Watch

Charts of the Day video for Tuesday December 22nd, 2020

Ballard Power Systems Inc. (BLDP) finally broke out across a triple, quadruple top and out of a flag pattern on Tuesday. It jumped 1.91, or 9.21%, to 22.70, with a session high of 22.83, on 11.6 million shares traded, and another 62 cents in after-hours that took it to 23.33. That was one of the bigger days on volume an up-day that we have seen in a while. It had a strong close and now I expect it to make it to the 26-27 zone.

First Solar, Inc. (FSLR) exploded and went through a triple top on Tuesday, with a move up of 8.75, or 9.08%, to 105.16, and a session high of 106.64, on 4.6 million shares traded. In after-hours it increased another 34 cents to 105.50. That’s the biggest volume I have seen on FSLR in two months, with a sharply rising OBV. I expect a mid-channel target around 110-112, and the upper-channel target is in the 125-130 zone.

NantKwest, Inc. (NK) exploded on Monday, and on Tuesday it backed off sharply, retesting the prior high, held above it, and then took off and exploded for 1.59, or 9.93%, to 17.61, with a session high of 19.37, on 15.8 million shares traded. It really looked good. You can see, it may not be done yet. Looking at the long-term chart, and the long-term channel, it wouldn’t shock me if NK made it into the mid-20’s.

Nano-X Imaging Ltd. (NNOX) made a beautiful, explosive move earlier this month, pulled back and popped again on Tuesday, gaining 66.35, or 12.62%, to 56.66, with a session high of 57.21, on 1.7 million shares traded. The angle was so fantastic and it looks like it is going to explode. I think NNOX could make it back to where it was earlier, double-topping around the 69 zone. It would not shock me to see this stock run to 65 or 70.

Workhorse Group Inc. (WKHS) appears to have come out of its wedge and ran up 2.64, or 12.78%, to 23.30, with a session high of 23.42, on 17.9 million shares traded. It was a late pop near a gap, and if it gets through the gap zone, look for 28-29 again. WKHS might be starting another leg up.

On the long side, stocks included Aclaris Therapeutics, Inc. (ACRS), Ambarella, Inc. (AMBA), Ballard Power Systems Inc. (BLDP), Blink Charging Co. (BLNK), CBAK Energy Technology, Inc. (CBAT), Compugen Ltd. (CGEN), Daqo New Energy Corp. (DQ), FuelCell Energy, Inc. (FCEL), First Solar, Inc. (FSLR), Jumia Technologies AG (JMIA), Marathon Patent Group, Inc. (MARA), Magnite, Inc. (MGNI), NantKwest, Inc. (NK), Nano Dimension Ltd. (NNDM), Nano-X Imaging Ltd. (NNOX), Intellia Therapeutics, Inc. (NTLA), Pacific Biosciences of California, Inc. (PACB), Plug Power Inc. (PLUG), Riot Blockchain, Inc. (RIOT), Origin Agritech Limited (SEED) SunPower Corporation (SPWR), Stratasys Ltd. (SSYS), TRACON Pharmaceuticals, Inc. (TCON), Utz Brands, Inc. (UTZ), Vuzix Corporation (VUZI), and Workhorse Group Inc. (WKHS).