The problem with micro cap stocks is that a pump on news doesn't last very long. FCEL dropped out of a pennant reversal, looks like it's going to fill that news gap.
I wouldn't buy until MFI goes oversold on the daily, probably headed below $ 2 again within the next 2 weeks. I said a few weeks ago that this wouldn't make it above $ 3 resistance, it only made it to $ 2.5. Old support is new resistance, will have a hard time breaking that again.
I wouldn't buy until MFI goes oversold on the daily, probably headed below $ 2 again within the next 2 weeks. I said a few weeks ago that this wouldn't make it above $ 3 resistance, it only made it to $ 2.5. Old support is new resistance, will have a hard time breaking that again.
Comment:
Any pop on news fads fast, I don't recommend buying this stock unless it falls below $2, then hold long term hoping for the next pop. It eventually will.
Comment:
Well, there's your $2, I should've shorted it this week, lol