Consolidation from gaps find support at .67? FCEL
I'm continuing to watch this stock closely. I am a low-level trader and don't have tons of money in this stock,
but nobody wants a loss of even a dollar if they don't have to. If the .67 mark is confirmed in the following days
then I suspect the .80/.81 upper resistance will be broken. Or, it could go the other way. Still too early to tell.
News has been nothing but good in terms of contracts, although, there was a reverse stock-split weeks ago. Additionally, there was negative news about potential down earings Q2. There is a July 3 article outlining the volatility, but even that
is uncertain whether there will be a breakout or a sell-off. If I were a betting man, something will happen to push the stock back above a dollar so they can stay listed. I've not heard anything about an SEC warning or extension about staying listed.
Something to watch closely for a breakout in my opinion. Too many articles outlining positive business ventures.
but nobody wants a loss of even a dollar if they don't have to. If the .67 mark is confirmed in the following days
then I suspect the .80/.81 upper resistance will be broken. Or, it could go the other way. Still too early to tell.
News has been nothing but good in terms of contracts, although, there was a reverse stock-split weeks ago. Additionally, there was negative news about potential down earings Q2. There is a July 3 article outlining the volatility, but even that
is uncertain whether there will be a breakout or a sell-off. If I were a betting man, something will happen to push the stock back above a dollar so they can stay listed. I've not heard anything about an SEC warning or extension about staying listed.
Something to watch closely for a breakout in my opinion. Too many articles outlining positive business ventures.