This stock is gapping like crazy. FCELMakes me wonder how hard the correction really will be?
Back to .24 area?
FCEL
Still developing this idea. Still too early. FCELThe volume seems to coincide with a reversal, but I'm inexperienced so I may be wrong.
One of the previous low-resistance lines has been passed 39-40 cent area.
If it does a double bottom off that mark through the week, I suspect it will continue to climb.
There hasn't been any negative press. Additionally, several articles have come out about renewables
and "green" energy that points to those markets making gains. Especially wind/solar and EV. I nearly bought in at the 24-cent mark but I am still comfortable if the new resistance is 39/40 cents or so.
New and just learning. Full Reversal? #FCELDoes this look like full-reversal to anyone more experienced?
The 5-day trend is up, and it seems to have broken (or is close to breaking) the 24 cent mark set about 3 weeks/1 month ago.
I am a complete amateur so insight would be helpful! Thanks!
FCEL before a 54% decrease... The fall in the exchange rate, in my opinion, lasts longer. The next decreasing wave structure can be constructed with a target price of 0.83usd.
FCEL further price decrease...FCEL further price decrease. The exchange rate may be a triple downward wave structure. This means that it has just arrived at the last decreasing wave structure (45). The figure shows that the decreasing wave axis (green line) is parallel to the decreasing peak axis (light yellow). Therefore, for technical reasons, there is no reason for us to rise. The resulting decreasing movement may even reach 0.42 usd.
FCEL slow decline...FCEL slow decline. The exchange rate moves in a second downward wave of a triple wave structure. A correction can be made by a H1 ATR axis. Then the third downward wave structure can be built. Its target price is 0.76 usd.
Clear buy at 1.40 and good sell at 1.65 or hold it for 2.00Sell/Hold - Short Term
Buy/Long - Long Term
Target - 2.00
Buy - 1.40
Good Sell - 1.65
Good Hold 2.00
Testing the wedge FCELDespite the selloff it held strong compared to other stocks. It broke down the pennant shape but still held strong at its support and closed above it testing the resistance.
FCEL: PAY ATTENTION TO THIS WEDGE FOR A POTENTIAL BREAKOUTFCEL is in a strong downtrend but i'm expecting a breakout to the upside. Pay attention to this falling wedge.
FCEL- Potential long setup, In watch list now. Seems forming a fallen angel type for formation. Showing upward momentum. Moneyflow is accumulating & volume increasing as well. However we would like to wait for trader confirmation.
You can check detailed analysis on FCEL in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 4:45"
Trade Status: Pending
