$FCEL can rise in the next daysContextual immersion trading strategy idea.
FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation.
The share price rose after J.P. Morgan analyst Paul Coster had initiated coverage on FuelCell Energy stock with an overweight rating and a $3 price target. The price implies a nearly 40% upside.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2,62;
stop-loss — $2,27.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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