Clear buy at 1.40 and good sell at 1.65 or hold it for 2.00Sell/Hold - Short Term
Buy/Long - Long Term
Target - 2.00
Buy - 1.40
Good Sell - 1.65
Good Hold 2.00
FCELB trade ideas
This stock can more than double in the coming yearFuelCell Energy, Inc. develops and commercializes fuel cell power plants for electric power generation. The Company also has contracts to develop its fuel cells for use of alternative fuels and for marine transportation applications. FuelCell has research and development contracts with government and industry.
The coming year is very important for fuel cell energy (fcel). There are many exciting projects going on. The key is to get everything financed and be able to finally become profitable or at least don't lose a lot of money. Fuel cell should be able to meet or beat last year earnings for the first quarter. When all go according to plan no way this stock will drop back to lows the turnaround is finally in sight. 3rd quarter conference call is in September we should have many answers by then and if the stock is not over $4 then chip has failed.
High risk and high profit opportunity.
Testing the wedge FCELDespite the selloff it held strong compared to other stocks. It broke down the pennant shape but still held strong at its support and closed above it testing the resistance.
FCEL Breakout to $3Weekly MACD chart shows strong bullish convergences. Daily chart mimics the trend, plus a positive earnings surprise last week.
Will go long at $2.10 with a $3 price target and $1.80 stop loss. Reward/Risk ratio of 3.
FCEL: Multi-year breakout in the making. Note the volume and bullish RSI & CMF. The bottom is in. Look for a breakout with a 3rd Quarter ER beat.
FCEL: PAY ATTENTION TO THIS WEDGE FOR A POTENTIAL BREAKOUTFCEL is in a strong downtrend but i'm expecting a breakout to the upside. Pay attention to this falling wedge.
FCEL- Potential long setup, In watch list now. Seems forming a fallen angel type for formation. Showing upward momentum. Moneyflow is accumulating & volume increasing as well. However we would like to wait for trader confirmation.
You can check detailed analysis on FCEL in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 4:45"
Trade Status: Pending
$FCEL (Daily Chart)$FCEL looks bullish as it is in a descending triangle/wedge pttn. & could b/o of the pttn. to higher levels.....needs to break 2.60 level w/ volume to confirm a possible reversal w/ tgt.#1=2.80 and tgt.#2=3.00
Price/TTM Revenue MultipleI find FCEL to be reasonably priced in the 1.3-1.35 P/R range. Not worried about negative earnings right now as long as revenue stream can continue to grow.
Breaking long downtrendline.This could be nice % mover this weekLooking for breakout this week. No down trendline resistance. Like for continuation play this week. to 1.35, 1.40, 1.50, 1.63 targets. Nice strong volume Friday. Stochs and MACD turning up strong.
No selling pressureSelling pressure has decreased substantially. Floating shares have been absorbed it seems.
