Bearish on FCEL
Updated
I'm new to trading, so I've been reading a lot on Investopedia. I've also seen many bullish ideas on FCEL. But I'm just not seeing it. According to Investopedia, bearish flags tend to have even volume during the downtrend, and that's what I see here. Also, I see an increase in selling pressure in recent days, even when the price has gone up (not a good sign). I think that means this most recent increase is a bearish flag, not a trend reversal. If it was a trend reversal, wouldn't we see increased volume, too?
I think FCEL has MAYBE 2-3 days left of good days; then it's back down.
This is just my opinion and not trading advice.
I think FCEL has MAYBE 2-3 days left of good days; then it's back down.
This is just my opinion and not trading advice.
Note
Note: on the 16th, FCEL closed down on increased volume. Another bearish sign. The next day it closes slightly higher on lower volume. We shall see how this plays out over the next few days and weeks.
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