FCEL Panic Would be Premature: Still a MASSIVE LONG
Updated
FCEL has struggled since its strong open on Wednesday. After flirting with 3.5/s, it has come back to earth and hovers sub-3.
That said, the graphical harmonics still illustrate the potential, notwithstanding FCEL could not break the FIB point at 3.04, except temporarily -- It recoiled to that FIB point and now sits just below it. The trusted EXIT point is still 3.32, and those figuring this could go atomic w/ a 4.49 FIB max out, can look and hope for that gain still. Whatever the case, the last 2 trading days do nothing to derail the previous ideas Re: the long play here on FCEL.
Worth noting: The best way to handle FCEL (at least one way) is to pad this with a covered call. That will be evaluated early next trading week. While the 4.49 top out isn't absurd the covered call will absolutely cut down on an ATOMIC GAIN, to be really honest about it.
That said, the graphical harmonics still illustrate the potential, notwithstanding FCEL could not break the FIB point at 3.04, except temporarily -- It recoiled to that FIB point and now sits just below it. The trusted EXIT point is still 3.32, and those figuring this could go atomic w/ a 4.49 FIB max out, can look and hope for that gain still. Whatever the case, the last 2 trading days do nothing to derail the previous ideas Re: the long play here on FCEL.
Worth noting: The best way to handle FCEL (at least one way) is to pad this with a covered call. That will be evaluated early next trading week. While the 4.49 top out isn't absurd the covered call will absolutely cut down on an ATOMIC GAIN, to be really honest about it.
Note
Exited at Average Cost (2.92); currently .08/s below that. Keeping an eye on FCEL still.Note
I still trust the VERY long-term future of FCEL, but the erratic sideways/downward trends are just too much to watch frequently or closely. There is a long-term play here, I still think, but how long? I can't even say. I went heavier on other positions w/ a diversion from this one. To each their own, though.Note
WIth earnings releasing today, could there be a big run by FCEL?A call placed @ 2.63 break-even point; Exp Sept 18
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