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hungry_hippo
Jul 20, 2022 5:01 PM

FCEL Update 

FuelCell Energy, Inc.NASDAQ

Description

This is what I was saying earlier this morning, finally had the time to plot it.

Pennant forming and it's on a downtrend. Manchin killed the green bill, so no reason to pump alt energy companies

Comment

Obviously broke downwards out of the pennant

Comment

Target for this pennant breakdown is 3.16 support

This is why I chart stuff, and I re-charted after i realized that the original H&S call was wrong.

Comment

Hit the target zone this morning, this is why I plot stuff....

It could be a long term play here near book value, though it is a money losing company which isn't an ideal investment in a bear market
Comments
rickyrt
any update?
hungry_hippo
@rickyrt, I'm out. Better things to do with my money, lol.
HotPotatoTrader
Manchin reversal! The initial details are out. On watch
ProjectSyndicate
seems logical see what's next
hungry_hippo
@ProjectSyndicate, I'm out, can go either way
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