FuelCell Energy
Short Term - We look to Sell at 5.36 (stop at 5.86)
The primary trend remains bearish. A break of 5.50 is needed to confirm follow through negative momentum. Closed below the 50-day EMA. We look for losses to be extended today.
Our profit targets will be 3.69 and 3.12
Resistance: 7.00 / 8.00 / 11.50
Support: 5.50 / 3.50 / 2.50
Disclaimer...
$FCEL Has had a rough last few days in the market. It could complete a head and shoulders formation in the chart with a retrace to the region highlighted @ 15.95 per share. That is the targeted entry point; reversal would put the high entry more at 17.1, which it just tested and found very little support. FCEL is currently sub-17, but the ideal entry happens just...
