The problem with micro cap stocks is that a pump on news doesn't last very long. FCEL dropped out of a pennant reversal, looks like it's going to fill that news gap.
I wouldn't buy until MFI goes oversold on the daily, probably headed below $ 2 again within the next 2 weeks. I said a few weeks ago that this wouldn't make it above $ 3 resistance, it only made...
Over the past week, the stock of the Connecticut-based fuel company FuelCell Energy, Inc. (NASDAQ: FCEL) climbed nearly 40%. News regarding development in the company’s collaboration with Toyota Motor Corporation (NYSE: TM) and its other partnership with Exxon Mobil Corporation (NYSE: XOM) were two major catalysts driving the stock in the last few days....
Remember a while back I said all speculative money losing stocks will do a slow decay and eventually wind up at book value? I posted BLDP and FCEL stock back then....
So here we are, tangible book value $646M, market cap now $880M. Looks like it's headed under $2.
No position, just wanted to say I was right, lol. Unfortunately this one is too hard to...
I am buying FCEL here.
FuelCell Energy, Inc., together with its subsidiaries, manufactures and sells stationary fuel cell energy platforms that decarbonize power and produce hydrogen.
Revenue is forecast to grow 24.21% per year
Currently unprofitable and not forecast to become profitable over the next 3 years
When a stock has a parabolic move, the pullback tends to be unrelenting but nevertheless organized in a way that presents regular squeeze opportunities. The pullback can lead to an "echo" pop (sometimes before the stock eventually disappears altogether) - or even new all-time highs down the line. It is a pattern to watch for. GME had a similar pattern in 2021...
Well I said things weren't gonna end well for FCEL, it's now back to preCOVID levels despite having shored up the balance sheet by selling shares on the stupid pump. AT least they did that right, so they can stay in business a few more years.
This appears to be a dead trade at this point
FuelCell Energy - 30d expiry - We look to Sell a break of 2.79 (stop at 3.01)
The primary trend remains bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
A break of the recent low at 2.86 should result in a further move lower.
Our outlook is bearish.
There is no clear indication that the downward move is coming to an...
NASDAQ:FCEL
I expect rejection to the buy area; if it hits 3.75$ as my bullish signal, I hope it beats my target prices.
Possible Scenario: Long
Evidence: Price Action
TP1: 4.03$
tp2:4.33$
FCEL
Running out of energy
FCEL Daily chart analysis.
This one has been in a downtrend for quite some time.
Price reached low of 3.00
Price bounced but ran into Resistance at 4.35 and the 50ema is also acting as Dynamic Resistance.
Price has currently pulled back to both the Resistance levels mentioned above. At the pullback, we have a Bearish price rejection...
FuelCell Energy - Intraday - We look to Sell at 4.33 (stop at 4.61)
Price action continued to range between key support & resistance (3.15 - 4.40) and we expect this to continue.
Daily signals are bearish.
Preferred trade is to sell into rallies.
Levels close to the 50% pullback level of 4.34 found sellers.
4.39 has been pivotal.
Our profit targets will be...
The more revenue they make the more money they lose, lol. But the market has to squeeze the shorts, not to mention get the gap fill after crap earnings like it always does.
Pattern looks familiar, if it gaps up big Monday then I'm fading the gap on this garbage. Fuel cell is cool technology, but nobody has made any money off of it.
$FCEL #FCEL Haven't looked at this one in a while until I was just asked about it.
I like the falling wedge monthly setup. Continues to have higher lows over the last 3 years.
