Trade ideas
Great Run Today..Hello Traders! Hope your having a wonderful day! Let's get into this, I will be watching for a continuation trade on this stock today I will be watching 0.67 for a break and re-test of that level, as that would give us extra confirmation of the uptrend moving higher. Make sure to confluence your trades like always before any entry , never enter off fomo or 'hope'. For this structure to break and give the shorts an opportunity we would want to see a break below the main support floor at 0.57 , as a break and rejection off that level would give momentum to move lower, so watch out for that. There was also positive reported earnings this morning "Total revenue increased to $22.7 million in the third quarter of fiscal 2019, up $10.6 million, or 88%, from the third quarter of fiscal 2018." Make sure to set your alerts and don't kill yourself watching this stock! If this helped you in any way, please be sure to FOLLOW & LIKE to show me support! Have a great rest of your day! Tyler Out!
Can She Make Another Run?This stock gapped up pre market, and had a decent run today, but ended up pulling back down to support towards the end of the day. We will be watching levels, 0.4350 / 0.4950, for possible bullish trades tomorrow. If we get no buyers and only sellers tomorrow with low volume, I would expect us to pull back below 0.37.
Tale of two scenarios #FCELI 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 case, it could lay flat.
2) There is resistance at $1, which I'm assuming is psychological because there isn't anything recent coinciding with the $1 mark. Additionally, if we treat the 3rd as the start of a pennant, the stock could very well gap up to or over $1. The volume on previous jumps was low (in comparison to highs), which seems to correlate with the recent "flatness."
NOT ADVICE: I am assuming the 200ema will hold as support. The stock is above all the other ema lines as well. Nothing suggests a dump. Regardless, I've set my stoploss just below the 200ema. If it does return at least I have a good re-entry point.






















