Targeting FCEL Entry: Head & Shoulders Completion$FCEL Has had a rough last few days in the market. It could complete a head and shoulders formation in the chart with a retrace to the region highlighted @ 15.95 per share. That is the targeted entry point; reversal would put the high entry more at 17.1, which it just tested and found very little support. FCEL is currently sub-17, but the ideal entry happens just under 16; for this trader, anyway.
Now, we wait.
If you dig into this trader's folder, you will find 11 ideas chronicling FCEL before its tremendous breakout.
Not enough patience was exercised, and it was cut loose around $2.72 per share.
That, now, seems comical: BUT THERE IS POTENTIAL FOR MAJOR GROWTH HERE. This is a form of technology that needs some ironing out, but the potential is great enough to justify FCEL's meteoric rise the past several months.
Happy times and green acres for all?
-BDR
Post Note: I have attached several of my first looks at FCEL. It fulfilled every dream, but it just took so long and was so resistant to doing it....that the profit was sheerly missed...the first time around?!
