Volume Signal as a sign of marcet capitulation is indicatin a longterm end point of a multiyear baisse at Fuel Cells.
Wave 5 of Wave V shoud be finalized - so the market is ready to reverse all the losses of the past years in the longterm view.
FCEL = 20 years later ... it happened cyclically that in 1999 May 03 there was a very important return ... let's say that if we consider the cyclicality I believe that investing in FCEL with 10,000 pieces at the price of 0.24 may be a bet that I believe is worth more than we can imagine .... Let's see if this vision of mine ends up with a gain very close to 90%...
On the 30th April Fuelcell Energy announced a new project which sent the stock 20% higher, we are looking for continuation in the name which has really been beaten down. Cash concerns have inflicted a lot of skepticism on the company but several Institutional investors have recently added to their positions in the stock. Blackrock added 10.5% to their position in...
FuelCell Energy, Inc. develops and commercializes fuel cell power plants for electric power generation. The Company also has contracts to develop its fuel cells for use of alternative fuels and for marine transportation applications. FuelCell has research and development contracts with government and industry.
The coming year is very important for fuel cell...
Despite the selloff it held strong compared to other stocks. It broke down the pennant shape but still held strong at its support and closed above it testing the resistance.
Weekly MACD chart shows strong bullish convergences. Daily chart mimics the trend, plus a positive earnings surprise last week.
Will go long at $2.10 with a $3 price target and $1.80 stop loss. Reward/Risk ratio of 3.
Seems forming a fallen angel type for formation. Showing upward momentum. Moneyflow is accumulating & volume increasing as well. However we would like to wait for trader confirmation.
You can check detailed analysis on FCEL in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 4:45"
Trade Status: Pending
$FCEL looks bullish as it is in a descending triangle/wedge pttn. & could b/o of the pttn. to higher levels.....needs to break 2.60 level w/ volume to confirm a possible reversal w/ tgt.#1=2.80 and tgt.#2=3.00
I find FCEL to be reasonably priced in the 1.3-1.35 P/R range. Not worried about negative earnings right now as long as revenue stream can continue to grow.
Looking for breakout this week. No down trendline resistance. Like for continuation play this week. to 1.35, 1.40, 1.50, 1.63 targets. Nice strong volume Friday. Stochs and MACD turning up strong.
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FCEL
