find_the_pattern

Strong horizontal support for FCEL

Long
find_the_pattern Updated   
NASDAQ:FCEL   FuelCell Energy, Inc.
A potential of ~17% in case of increasing price as indicated with the arrow. There is a strong support level, which leads to a comparable low risk.
Entry level $2.01-2.07 / Target price $2.41 / Stop loss $1.94
Indicators are recovering from oversold conditions. Delay of ER was followed by a loss of ~7.6%. The strong horizontal support (green line) held again.
Expectations are uncertain after delay of ER, so that any positive news could result in a great rally.
Comment:
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.