Targeting FCEL Entry: Head & Shoulders Completion
Updated
FCEL Has had a rough last few days in the market. It could complete a head and shoulders formation in the chart with a retrace to the region highlighted @ 15.95 per share. That is the targeted entry point; reversal would put the high entry more at 17.1, which it just tested and found very little support. FCEL is currently sub-17, but the ideal entry happens just under 16; for this trader, anyway.Now, we wait.
If you dig into this trader's folder, you will find 11 ideas chronicling FCEL before its tremendous breakout.
Not enough patience was exercised, and it was cut loose around $2.72 per share.
That, now, seems comical: BUT THERE IS POTENTIAL FOR MAJOR GROWTH HERE. This is a form of technology that needs some ironing out, but the potential is great enough to justify FCEL's meteoric rise the past several months.
Happy times and green acres for all?
-BDR
Post Note: I have attached several of my first looks at FCEL. It fulfilled every dream, but it just took so long and was so resistant to doing it....that the profit was sheerly missed...the first time around?!
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This account- Nary, the last 4 to 6 months? Basically I am sticking 100% to what are my bread & butter stocks. I understand the energy market, and alternative energy markets, better than the average investor. If you like that vein, you can sample my sauce, lolol. I'm not doing anything complicated; instead, i am sticking to the timing of cyclic commodities.Trade active
We're now below the entry point outlined of 15.95However, due to the rapid downward movement, the approach is still a wait & See, as we might be able to find a deeper trough w/ FCEL failing support at the buy-point outlined.
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We're still looking for some more slippage before Tuesday's Market open to next week's 4-day trading week. May the odds be forever in your favor.Note
Those who snagged it at 15.95, well done. FCEL Is 18+ through the weekend, and it's still not too late to enter - if anyone was thinking otherwise.
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