Descending Wedge Idea
Going back to May 2021 - a descending wedge has almost completed and this will be a decision point for the stock. This could break down trend and push back to volume profiles between 10 and 12 or push to previous trading lows of a year ago. I am bullish on this stock, however, with a lot riding on the green position of the current US Administration, if the infrastructure bill comes under scrutiny this could be an uphill fight for FCEL. Nevertheless, I am bullish on this stock and the future looks bright in the short term even if it slides down into earning in early September.
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