This Has Spike Written All Over ItI have been jumping in an out of this one all week (made some nice change too lol). This really has momentum for next week. It will either spike Monday, or there is a dip and hold play. Either way, I'm long.
FCEL trade ideas
Strong horizontal support for FCELA potential of ~17% in case of increasing price as indicated with the arrow. There is a strong support level, which leads to a comparable low risk.
Entry level $2.01-2.07 / Target price $2.41 / Stop loss $1.94
Indicators are recovering from oversold conditions. Delay of ER was followed by a loss of ~7.6%. The strong horizontal support (green line) held again.
Expectations are uncertain after delay of ER, so that any positive news could result in a great rally.
A speculative betThis one I'm mainly posting for myself to keep a record in the space time continuum of a trade I've already made. Basically, a challenge for myself...
I see lots of chatter about the astronomic rise in FCEL over the past couple months as "overbought".
Those that have been following my work will know that I am currently mostly a bear, but I decided to be contrarian on this single stock and put in a bet for continued gravity defying upside movement.
My decision is primarily based on the chart pattern which looks to be breaking up with incredible strength. Yes, the daily degree looks overbought. Yet... FCEL is moving at lightning speed and has already retraced to the 0.5 fibonacci since the recent peak... and the weekly RSI still has tons of room to run. As earnings is approaching, I am basically betting that something huge will be announced that will begin this stock's rise to the moon, not only over the next several weeks, but for the years to come...
Wish me good luck! As this is extremely speculative, I recommend following only with small play money.
$FCEL Fuelcell Energy TargetsWhat a move for Fuelcell in the past week but it is now way overbought and approaching some heavy horizontal and Fibonacci resistance, difficult to see how this can continue without some level of a pullback. Hopefully followers have followed the trade a made some nice $$$$.
This stock will remain on the watchlist as there could be considerable upside but agility needed to be trading this ticker.
Missed FCEL; Knew All About It..Information Overload Is.......your biggest enemy.
Saw they cancelled that Shareholder Meeting, which clearly indicated that they thought they could get the share price back above $1.00..
Also, from my spamming endeavors, I noticed that I would get a tremendous amount of views; significantly more than you'd expect. Hot sector too, with some heavy hitters involved. Plus they have that excellent trade name: Fuel Cell. You can't beat that. Very trendy, and sentiment is strong... Still fresh, unlike NBEV. It's looking like she's washed up at this point; been used and abused for far too long, so she'll never treat you the same. The first few loves are always the best, but after that, it's never as good as it was in the beginning.
FCEL still coilingNo position, just watching. Not sure if this rally has another leg or if it's going to do a slow decay, like the previous pumps. Other alternative energy companies like BLDP are also coiling, along with the entire market (every index - see my other posts).
Lots of pennants out there this week...
