$FCEL was a great day trade after in announced better than expected earnings. We engaged this name around 6,50 for a nice gain so far. Next big resistance around $8
FuelCell Energy, Inc. is an American fuel cell power company. It designs, manufactures, operates and services Direct Fuel Cell power plants that run on natural gas and biogas.
energy stocks are gearing up for a big move
The descending wedge appears to be leading to a break to the upside for this stock that has been beat down over the last few months. The 9 is soon to cross the 20 on the daily candle chart if price action continues. Or this could be a fake out and dump to the downside ha. Thoughts? Coming into earnings this might be an unnecessarily risky play or a play of genius....
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...
Going back to May 2021 - a descending wedge has almost completed and this will be a decision point for the stock. This could break down trend and push back to volume profiles between 10 and 12 or push to previous trading lows of a year ago. I am bullish on this stock, however, with a lot riding on the green position of the current US Administration, if the...
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.
Update;
The gap noted in previous charts has filled, but as I type this (12:30est) we've...
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...
Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
P.S. Tell me which asset you want me to...
$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.
Gap at 11.06 (Highlighted)
Volume: 39.678M
Avg. 10-Day Volume: 14.391M
With the recent short interest, I would not be surprised if this stock fills/surpasses the 11.06 gap
Potential 50% gain
$FCEL Target 17.99 for 52.20%
Or next add at 5.88 (5 Day low)
If this breaks above and holds above that second trendline it'll say LET'S GO!!!
-----
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start...
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...
FuelCell Energy starts new cycle of run in this year.
Now we can see how investors accumulate positions that causes 1st wave like pattern.
Weekly MA200 on the ideal position to start soon.
The low carbon feature will be there soon.
Enter zone $7.5-9.34
First targets $95-119
Time horizont 2022-2023
