$FCEL 4th-Wave Progression Checks out: Doubtfully retraces 3rd!
Updated
Fuel Cell appears to have now reached its "Fourth Trough," and it checks out as higher than the previous three.
The mark to watch w/ caution was 2.1 per share, and with it bouncing fine off 2.4, the continued step-up in correction wave continues: That is NOT to say things are now BULLISH on this holding -- but exhale, the bleeding appears to be coming to its stop with strong long-term indicators in abundance still.
The ultimate upside is, still, highly speculative, but the reflection of a 2.4 low in this trough can only be taken as ::::::POSITIVE SIGN::::
As always, Happy Trading!!
-BDR
**Post Note: See related idea for why this was considered a LONG, and still, could be a long and decent future swing**
The mark to watch w/ caution was 2.1 per share, and with it bouncing fine off 2.4, the continued step-up in correction wave continues: That is NOT to say things are now BULLISH on this holding -- but exhale, the bleeding appears to be coming to its stop with strong long-term indicators in abundance still.
The ultimate upside is, still, highly speculative, but the reflection of a 2.4 low in this trough can only be taken as ::::::POSITIVE SIGN::::
As always, Happy Trading!!
-BDR
**Post Note: See related idea for why this was considered a LONG, and still, could be a long and decent future swing**
Note
Update: Not out of the woods yet: Tracing 2.31 as of 10:32 EST Wed. The 2.1 mark is a failure and retrace of the last trough; so watch with caution still.Note
Now it is sub 2.3. This is getting very close to touching 3rd trough. Then we would likely wait for a recoil to dump closer to average cost. Breakout/bull run, far less likely with this fourth wave barely ascending (if any).Note
Final update: Will wait for either a recoil to 2.4 or a further fall to 2.1, with both marking definite exit points. This short term swing will go down as a failure to the tune of about -0.50 per share. C'est la vie; On to the next one! - Sorry to others on this particular holding; can't win them all; etc.
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