Back in TTCF for another swing trade. Ideal 6-8 weekS time line based on ta performance. From the TA side appears to be a bullish pennant.
Fundamentally; research needs to still be done but I'm back in for a small position.
In the future I’m looking for some sort of consolidation around the 30.5 and 31.50 range however till then we shall continue following Elliots impulsive wave until the “SWAN” event imo.
Please note I didn’t take into consideration the retracement percents but what I’m more concerned with is the correction (A,B,C,) looks a bit off.
This could be “idealized...
If you liked the previous chart I too am surprised at how close to accurate the market followed the predicted blue line. I think it'll meet some resistance around 23.58 considering it has now crossed its long term sea line showing positive direction strength. EOD I'll do a deeper dd of current news to see where my price target should be.
In part 5 I noted how I thought it was suspicious how retail heavy stocks were all suddenly trending up but to drive that point home look at FCEL, SOFI, NNDM, IDEX 15m time mark and you'll see a upward trend begin after august 20 (last Friday). Super Sus imo.
On to the matters at hand, as found in an article from investor place, "High valuations and a relative...
I'd like to start with my opinion first, I'm a bit suspicious of the sudden price surge across the board. Granted Monday and Tuesday are usually bull days; however, to go from a 3% to 5% drop from the strongest of tickers too green with little to no positive catalyst is odd.
The gap noted in previous charts has filled, but as I type this (12:30est) we've...
Although there seems to be institutional buying here they clearly know something us retailers do not. looking to fall into an older gap that has long filled in the range of 2.08-1.75. SCROLL THE chart to see gaps indicated by rectangles.
-Weak price strength and weak directional strength
-Downward trend line
-RSI shows fair...
First the factors against us
-Weak price strength based on 9 day SMA
-WEAK price direction based on 180 day SMA
-DOWNward tend line
So other than another shaky day in the overall market I think FCEL is consolidating to fill an old gap between 6.15 and 5.80. The lowest we've seen in the today (8/16/21) @ 5.94 then regaining some strength and holding support at...
Long story short I've become yet another bag holder in a company who plans to wait out the pandemic and not adapt to the changing time. From a Ta perspective the company is in a continuous down trend I marked an alert at 5.70 in the event it crosses we are going to the presumed bottom of an older gap at 5.38. From a fundamental point the company CEO told...
Note to self when in doubt zoom out ALWAYS. TTCF had a bad earnings report with a few missed expectations; however, from a technical view this was right on time to fit the criteria for a wedge pattern long overdue. Falling wedge to be exact. Perfect opportunity to buy more as it fills the new gap created. I'm thinking it'll follow the corrective wave (blue...
$FuelCell Energy a gap was made this morning so its in the stage of filling while constantly testing resistance. Alrhough the infrastructure bill hasnt factored in yet, not a lot of money is going to clean energy projects but the bump should do us well. I’m neutral but a heavy bag holder.
Short break down again from the TA perspective. The blue line represents an old Elliot Theory I was practicing ironically the down trend fell into place with the current consolidation. Nevertheless orange lines represent resistant lines while the teal green represents supports.
Disclaimer this may be wrong and I'm still learning like the rest; however, I've been holding since January and watched it go from 14 to 28 then all the way down to 6. So, to prevent bias in this information this is all a TA analysis thus each bar line above the current price represents old supports aka new resistance levels. Granted there will be some taking...
Rectangles are gaps, that can show prev sups and new resis as the trend approach either direction. support levels tend to hold strong despite high pt no pushes toward 3s in a while. Better understanding with fundamentals needed imo