FCEL has been volatile and is still on an ascending ziggurat format with its harmonics. Last C-Wave FCEL retraced the same region it is now tumbling to.
BUT, BUT, BUT...stay with the trend here and avoid the panicking sell off that other investors are probably engaged in. While there can be no reassurance that FCEL bounces back, it has done so four times this trading year, and it's hopefully about to make a 5th C-Wave correction (Which must be higher than the previous four, or these are NOT by definition even corrective waves).
HOW LOW CAN SHE GO?
Hopefully not much further while promising the confirmation of a bounce back with an overt buy signal to draw investors back into this enigmatic stock.
It used to a giant, but the feasibility of implementing hydrogen gas dispersal systems has proven too daunting, and investors realized it (bailing). It's still a tech w/ super promising potential. Mankind is not there yet, still bound to oil. That digression aside, we are hoping for an exit between 3.2 and 3.4 -- which sounds comical since it is trading a full dollar below it.
What does the blue flag represent? Is the trigger to know when it turned up is the red line in BB? Thanks.
BDRTrigger33
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@HHSPN, I kind of threw it on there as a warning, kind of an "OH SHYT" if it traces that mark. It seems to be, but gotta get it to bounce back. This stock is not strong, but it very volatile. The c-waves always show it imo -- It's easy to get burnt playing w/ it.
BDRTrigger33
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Also, if there is any truth to HEAD & SHOULDERS formations meaning a lot (about a trailing fall off) we could be in major trouble. After all, FCEL has traced improbably low regions already this calendar year. I said it wasn't time to panic, and it isn't really - but someone not managing their investment portfolios could do far worse than watching it on an hour-to-hour basis..