FCEL PT $25 Despite Shitty Earnings
Updated
Right now the market is fueled off hype and momentum. It's clear now volume and demand will drive up any stock regardless of the fundamentals. This is especially true for clean energy and EV stocks. People just hear clean and green and think that shit is the future. It sorta is but not all companies are successful, they need revenue. The stock market is probably the furthest from reality it has ever been in a while. Looking at Crypto too, MARA & RIOT had an insane runup, but I didn't touch RIOT past $10 with a 10ft pole cuz it's a fucking mall kiosk.
Anyway, first time using Fibs for price targets. FCEL has some nice wedges or triangles, with crossovers and inflections on most time frames for the MACD. Every triangle/wedge, FCEL hit the next blue Fib level.
It's not a coincidence that the color for renewable energies is green. You're literally investing on the future of the planet and humanity, how do you go wrong with that.
Anyway, first time using Fibs for price targets. FCEL has some nice wedges or triangles, with crossovers and inflections on most time frames for the MACD. Every triangle/wedge, FCEL hit the next blue Fib level.
It's not a coincidence that the color for renewable energies is green. You're literally investing on the future of the planet and humanity, how do you go wrong with that.
Note
25c 2/19 bought 3 for $83 a pop now sitting at around $230. $690, nice
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