RE:RE:RE:Support LevelJust looked at the chart. I would suggest the $18.50 to $19.00 range should be a good entry point since there is a strong base there. The RSI also shows oversold. There were 2 very large positive volume bars, one at the end of February and the other in the middle of April, both at much higher levels so I wouldn't give up on BLDP just yet.
Also, they recently closed a $550M bought deal at $37 US, yup way higher than the current $15.43 US share price.
VANCOUVER, BC, Feb 23, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the closing of the previously announced bought deal offering of 14,870,000 common shares of the Company (the "Common Shares") at a price of US$37 per Common Share (the "Offering Price") for gross proceeds of US$550,190,000.