After a downtrend, price entered a distribution phase. Price broke down from support and pulled back in form of a bear flag. The bear flag has now also been broken.
There is also a Death cross indicating bear market conditions.
Entry: Pullback to 50ema or bottom of bear flag.
Stoploss: 6.05
Target: 3.25
Overlay of previous drop from $10, compensated for higher book value from cash gained by dilution while accounting for the increase in shares.
They really should've diluted their stock even more, lol. Much like AMC, the stupid runup allowed the company to stay in business for a little longer. So not everything about the bubble was bad.
Here's a decent write...
Forgot about earnings, lol. I told you guys a while back that this crap is headed back to $2... if not lower.
They've never made any money, they just dilute the stock to stay in business.
1- CCI 20 is below 0. (Bearish )
2- Beak down the resistance. ( little bearish )
3- The red line is below the White line of “ACL” (self-made indicator) .( super Bearish ) (ADL indicator)
4- "Multi analyzer" (self-made indicator) is downtrend and is -4 right now. ( bearish )
5- Close is below the red and white line ( Bearish )
6- Mid-term channel (LR of 9months)...
I shorted this garbage yesterday with a $5.20 gap fill target which was hit on open this morning. Now it looks like it broke upwards out of the pennant and headed to $5.5 - $5.65, at which point I'm betting it scrolls down to the downward target of $4.9.
A lot of other garbage stocks have similar patterns and it looks like $NDX has an inverted H&S pattern going
FCEL is looking very bullish and looking for a continuation ( this analysis is for stock option plays). FCEL finished out the day yesterday with a hammer candlestick as well as the MACD curling to the upside. White lines are my breakout lines and yellow lines are my price targets…. Happy trading!
“Consider the statement, ‘it is raining.’ That statement is true or false depending on whether it is, in fact, raining. Now consider the statement, ‘This is a revolutionary moment.’ That statement is reflexive, and its truth value depends on the impact it makes.” (George Soros)
What separates George Soros from the rookie traders who are gunning the market right...
Fuelcell Energy (FCEL) reported a Q4 October 2021 loss of $0.07 per share on revenue of $13.9 million. The consensus estimate was a loss of $0.02 per share on revenue of $21.9 million. Revenue fell 18.0% compared to the same quarter a year ago. FCEL share price is right back where it started last Q3. I reckon if you're a long-term investor, this is a good price to...
$FCEL gap down cause of bad Q4 earnings, now is heading towards a high valued price at 4.47$, be ready for huge buying pressure if we visited this area .
Fibs & $FCEL. This stock is a lot of fun as far as volatility, and can be predictable along with $PLUG. Happy holidays,
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Happy trading
I guess what goes up comes down....check into the chart to see where it confirmed move at little yellow box, but the idea was taken into account and traded on NOV 10th
