Hi, I show the concatenated Fcel/plug in a Fibonacci channel. Plug has 7% down to hit supports at “two prior peaks”. The bleeding is almost over. Meanwhile Fcel, which I own with a 160k opening position at $2.40, is landing on the bottom of the pair’s fib channel. Fcel “should” run net bullish Plug from here on, even if they are both falling. But when plug bottoms, and starts to pump again, the Fcel strength will be obvious.
@gsadri33460, I think it’s looking for $9, and $9 had better hold
Shammus01
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@gsadri33460, $9 with $7 on the volume profile being the lowest I want to see, otherwise it goes behind the shed
gsadri33460
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Would you mind taking a look at RUN as well ? Thanks
Shammus01
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@gsadri33460, Hello gsadri33460, I’ve never looked at run, so I just looked at the ticker chart. My initial impression is that the chart is good to short right here. I would not go long, until a bottom has printed. I think new all time lows are incoming, and I provide no target.
Shammus01
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@gsadri33460, it’s most definitely going to new all time lows
Shammus01
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@gsadri33460, in order to remain bullish, run should not have broken down below $15. The $15 breakdown put run into very bearish territory, and it’s game over