1FEY2 trade ideas
FCELA security that was worth 14 cents in May 2019 and has since grown by 10,800% (!). But this is not the limit, it will have to grow from the current $ 15 to $ 31 (an increase of more than 100%). Now the paper has broken through a large resistance level (upper yellow circle), and consolidated above it, turning it into a support level. Upward growth is now ahead. On the options board, this security has a gigantic volatility IV = 147%, which makes it possible to earn more on options than on the growth of the security itself. Upon reaching the taget - close position, the security will test this resistance level for a long time.
$FCEL New Target: 33.5 per share -- WAVE EXTENSION; LONG!Extending the current support of a very moonish channel, we are setting a new goal on FCEL @ 33.5 per share.
It has met a lot of resistance climbing 24. This 33.5 target we want to be realized by about FEB 17 to FEB 19.
Albeit, with VIX having been so high, this is a ranging guess. It is the best we have for this moment, even so-- the adherence to the outlined channel has been PLENTY concrete in its nature.
FCELLLLLY!
-BDR
See related idea Re: CUP & HANDLE, the handle of which is still the current state of $FCEL
$FCEL still in rising wedge$FCEL definitely is still fitting within the rising wedge. I would guess that if it doesn’t break and stay above $28 then it will most likely break out of the wedge and go down for a bit. It’s still a hot topic so hopefully odds will keep it from staying down too long. Thanks @cetempleton for the great question!
FCEL SnapbackFCEL is on its 5 consecutive green day becoming extremely overbought on stochastics and overextended on bollinger bands. The weekly chart also shows a huge overextension, i don't think there is much more juice in the tank for this to continue higher before a pullback takes place. I'm looking for this to swing back down to the 24 range.