I can see two scenarios playing out with FCEL:
1) The stock is sitting on the 200EMA and tested it July 3,5, and 8th (Today). Seems to want to stay above it.
So, either it will lay flat in this area (.72-.68) or it will drop (possibly gap) back down to the .54 area. The 3 day trend would imply that could happen, unless from the 3rd forward is a Pennant. In which...
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.
I'm continuing to watch this stock closely. I am a low-level trader and don't have tons of money in this stock,
but nobody wants a loss of even a dollar if they don't have to. If the .67 mark is confirmed in the following days
then I suspect the .80/.81 upper resistance will be broken. Or, it could go the other way. Still too early to tell.
News has been nothing...
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%...
This would appear to me that there will be a pullback to about the .54 area. Maybe .57-.60.
Depending on if it gaps on open again. In which case .77 could be the new lower support if
it drops during consolidation.
If you notice the downtrend side: June 5, 7, and 14 the stock dropped below .77 (5th),
.54 (7th), and .39 (14th).
Now compare to the uptrend side...
Strength in the chart:
1. High volume downtrend
2. Pullback in hourly chart with accumulation
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
The volume seems to coincide with a reversal, but I'm inexperienced so I may be wrong.
One of the previous low-resistance lines has been passed 39-40 cent area.
If it does a double bottom off that mark through the week, I suspect it will continue to climb.
There hasn't been any negative press. Additionally, several articles have come out about renewables
Does this look like full-reversal to anyone more experienced?
The 5-day trend is up, and it seems to have broken (or is close to breaking) the 24 cent mark set about 3 weeks/1 month ago.
I am a complete amateur so insight would be helpful! Thanks!
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...