PROBABLE LONG ENTRY - FUELCELL ENERGY - FCEL - 30MN
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After a long run down the FCEL in short time frame is probably preparing to recover.
See the latest candlestick showing a very strong squeeze of sellers. This won't prevent the market to go down further. But, in probability, when this even occur with such a high volume, the market tends to go in the opposite direction afterward.
For long time investors, this could be a nice placement knowing how the sector energy want to improve and evolve by introducing slowly hydrogen to the current world. Specially with the increase of space projects interested in the "clean" hydrogen applications.
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After a long run down the FCEL in short time frame is probably preparing to recover.
See the latest candlestick showing a very strong squeeze of sellers. This won't prevent the market to go down further. But, in probability, when this even occur with such a high volume, the market tends to go in the opposite direction afterward.
For long time investors, this could be a nice placement knowing how the sector energy want to improve and evolve by introducing slowly hydrogen to the current world. Specially with the increase of space projects interested in the "clean" hydrogen applications.
Comment:
The uptrend came in March, but beware, if we extend the green line, we can see that it is probably a key price point $18.45. Hard to break, if volume follows, recovery is likely to keep going. Look at the volumes as we are on the line.