1FEY2 trade ideas
Falling Wedge and Breakout Coming Soon! Falling wedge pattern (typically bullish on break above) - Indicators pretty oversold with some bullish divergence in the MFI. I think those 2023 leaps would be a great idea and just look to average into that price between now and $6.20. White arrows project where a bounce should occur and the green lines above are the implied move on breakout above.
Fuel sell.. Short itDowntrend breakout got rejected Thursday and then again on Friday. Look at the volume from last fall and compare it to now. look at how much volume it took to break above fib .786 December 23rd. Unless you can get the entire WSB forum to buy this stock, its toast.
%15 short interest. The hedge funds have been targeting all of the retail trader favorites (Plug, BE, Fcel).
until it can get back above 11.13 (Fib ext .786) I'd stay away from any bullish trades
Lose your opinion , not your money
ADDED $FCEL Target New 20.92 for 34.88% $FCEL Target 20.92 for 34.88%
Or next add level is at 10.10 (which is pretty close)
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
FCEL Snapback w/BounceFCEL is overextended on the lower bollinger bands and oversold on stochastics, it has had 8 consecutive red days with a slight bounce showing today with a green candle. Price has reached its 200 moving average on the daily and the weekly charts which is a good sign for relief bounce back to the 11.50 range.
$FCEL Target 22.21 for 32.20% $FCEL Target 22.21 for 32.20%
Or next add level is at 11.39
Options expire tomorrow so why wouldn’t this drop… buy anywhere around here.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
FCEL - refueling or revertingHey investing neighbors,
Let us take a look at FCEL and figure out if now is a good time to bail, invest, speculate, or hedge current positions. Over the last several days FCEL has tested prior support levels all the way down to the 11.30s on the weekly time frame and tested upward resistance at about 15.58. That is one heck of a swing!
For long term investors, speculators, and interested parties the important support level is on the monthly time frame of 14.93 which FCEL punched through and has now retraced under at 14.35. That .60 level should give a good upward trajectory for a test higher and of course back to 15.58 and higher. FCEL should have made it back to the 16.80 level and since it did not it instantly tried to retest lower support/resistance on that monthly timeframe.
The over all sentiment seems to currently favor longs but they should be cautious and keep a tight eye on that monthly level of 14.93 and psychological upward levels of 14.50 and above. A break below 14 could signal trouble. FCEL still has plenty of a possibility higher especially considering that the Biden administration is pushing clean energy which FCEL should benefit.
It is also worth noting that FCEL has a tremendously forward 2021 picking up on 2020 momentum as a whole and despite a disappointing Q1 earnings coupled with a downward trend on the technology sector is making positive movements forward and should benefit from American clean energy initiatives.
It would be prudent to be cautious though that sentiment could turn negative and FCEL has a clear downward window back to 13.12 and then 11.30. For accumulating a position in FCEL could be beneficial on this price levels but there should be either a clear push back above the 14.93 level and a sustainable break through 15.58 or FCEL could easily retest lower support. Long term investing likely would be ideal for sustainable moves upward from current price levels.
For entertainment and education purposes only. Not financial advice. Want to comment? Reach me below or over on our new Reddit group /apesinvest
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