$HTOO: Potential Bullish Reversal - Solid News & Webcast
Updated
Ticker 
HTOO - Fusion Fuel Green PLC
We could be looking at a nice test and cross of the Ichimoku Cloud, here represented on a 1 Month chart. This price movement is also accompanied with news regarding the selection and acceptance of a 650M$ project funded by the EU, which Fusion Fuel proposed in regards to the hydrogen transition, please read in more detail below in the press release of Feb.16 2024.
There is also a Webcast for investors on March 6th, which could lead to some updates on positive revenue forecast and more details over the 650M$ project and next steps.
This company is currently valued at around 32M$, which could be undervalued if this project goes forward, IMO.
I'll be sitting long in the short to mid-term and might sell for profits at some critical levels.
Happy trading.
HTOO - Fusion Fuel Green PLCWe could be looking at a nice test and cross of the Ichimoku Cloud, here represented on a 1 Month chart. This price movement is also accompanied with news regarding the selection and acceptance of a 650M$ project funded by the EU, which Fusion Fuel proposed in regards to the hydrogen transition, please read in more detail below in the press release of Feb.16 2024.
There is also a Webcast for investors on March 6th, which could lead to some updates on positive revenue forecast and more details over the 650M$ project and next steps.
This company is currently valued at around 32M$, which could be undervalued if this project goes forward, IMO.
I'll be sitting long in the short to mid-term and might sell for profits at some critical levels.
Happy trading.
Note
As per latest chart, the Ichimoku Cloud on the monthly chart as been rejected and we are now in a bearish movement. The bottom has not yet been found (2024-03-01)Trade active
We observe a lot of volatility on this stock, as per today (2024-03-04) we have crossed the ichimoku cloud to a possible uptrend indication on the 5 days & 1 month chart, to follow closely in the coming days for rejection and weeks for continuation. This move upward might have been from the 1M EURO funding grant news.
We are still awaiting the business update this Wednesday.
Cheers!
Note
Showing some nice consolidation around 1.55-1.60 zone. Will probably stay around these levels before the next leg up. I'm am bullish on this stock for this year, and the coming ones.Cheers!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.