FuelCell Energy Short Term We look to Buy at 4.29 (stop at 3.84) Previous resistance at 4.40 now becomes support. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Buying pressure dominated price action yesterday and we expect this to continue today. Our profit targets will...
FuelCell Energy Short Term We look to Buy at 3.35 (stop at 3.04) Previous support located at 3.35. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Buying pressure dominated price action yesterday and we expect this to continue today. Our profit targets will be 4.24 and...
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...
Ugly drawdown with rest of market last week. $7 needs to hold for me to like this count, although $6.69 is the lower fib. This week will be telling.
Triple nested 1-2 setup sitting on falling wedge support. As long as $8.60 holds, I expect another leg higher to $14.59 by December 17th. Yes, I am aware this is quite an aggressive prediction, however I'm using past data with how FCEL likes to behave indicated with the red/green boxes.
Fuel Cell Energy Trade idea from Oct 15 is still working, currently up +25% ! Nice accumulation , rounding base, volume uptick, sector heating up, etc. I see no reason to sell and have added to my position. Volume up tick, this might explode again similar to Q1 price action. First level of profit taking $11.30 resistance zone with 10% trailing stop as I'm...
Fuel Cell Energy has been gaining Twitter MOMO but technically, it is forming a rounded bottom curling and up +7% today as it appears to be coming out of a nice consolidated accumulation base. An idea would be to go long with a starter size and build position with first PT at resistance zone $10.27 QQE and MACD , trading above 21 EMA : Bullish Confluence...
FuelCell has been making some major moves! This could be the one! "Beginning in 2012, FuelCell entered into a partnership with ExxonMobil, removing carbon dioxide from the exhaust of Exxon’s power plants and locking it in the ground through a process called carbon capture and sequestration (CCS). In 2019, the two companies expanded their joint-development...
NEW POSITION $FCEL Target 12.63 for 78.9% Or next add at 5.29 ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled (most of the time) (Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any...
FuelCell Energy starts new cycle of run in this year. Now we can see how investors accumulate positions that causes 1st wave like pattern. Weekly MA200 on the ideal position to start soon. The low carbon feature will be there soon. Enter zone $7.5-9.34 First targets $95-119 Time horizont 2022-2023
After a long time, it is time for another $PLUG TA. It is an important week for the fuel cell manufacturer, as the company is estimated to report earnings on coming Thursday, May 20th 🔌🚀 Just to reflect on the chart of last months, since the 26th of January, $PLUG was unfortunately not able to get any higher highs. Completely reasonable, as the stock had to...
Falling wedge pattern (typically bullish on break above) - Indicators pretty oversold with some bullish divergence in the MFI. I think those 2023 leaps would be a great idea and just look to average into that price between now and $6.20. White arrows project where a bounce should occur and the green lines above are the implied move on breakout above.
Another renewable energy stock to put on your radar is Bloom Energy. As you are probably aware, there is a lot of interest for renewable energy stocks. Bloom Energy provides electricity for organizations on a global scale with solid-oxide fuel cell systems (fuel cells that run on natural gas for backup power and microgrid applications). However, Bloom Energy...
What a beautiful week for Plug Power! Continuous bullish momentum and a break above the upper trend line (green line) at $22.00 with no retracements yet. Can we see new highs in the coming weeks at price targets such as $30?
I am looking forward to bullish divergence on 4HR chart. If the correction is completed then we are heading towards next target. *** Just sharing my opinion, not an investment advice.
FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen,...