Plug Power | Higher High?One of my go-to stocks with an excellent looking TA. Hydrogen stocks are populair at the moment among the renewable energy market. The increased interest and adoption of fuel-cells solutions, and future hydrogen stations, makes Plug Power Inc. an interesting stock to put on your radar. Moreover, it will be even more interesting when it can benefit from the Biden-Harris ‘ticket’ and their $2 trillion climate plan.
Additional Info:
• November 9, PLUG will announce Q3 2020 results (the company had some difficulties regarding achieving profitable growth, but are now in the good direction).
• Plug Power remains on track with the ‘Gigafactory’ and its $1.2B revenue plan.
• Plug Power’s largest customers like Amazon, Walmart and Kroger are benefiting from strong demand for its products.
• Plug Power vertically integrated two hydrogen companies, which grown Plug Power’s opportunities.
Fuelcell
FCEL Panic Would be Premature: Still a MASSIVE LONGFCEL 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.
Finding a Sell-point in $FCEL major run: Sanity Must PrevailWhile initially, before analysis, was hoping to target SELL Point on $FCEL in the 4.5 per share region, FIB Tracements, recent behavior, and a max peak today of 3.48 are indicating that the top out targetted now will be just over 3.6 per share. That said, there may be more room to run, but if it returns to what it already did when it nearly touched 3.5, this 3.6 exit-point will make enough sense.
Duly Note: Having entered at 2.91 per share, the ROI is significant enough to cash out on Fuel Cell's parabolic shift that happened today, Tuesday (AUG 19). If it turns out that I'm staying in the position past 3.6, with hopes of 4+, wait for that note then. Otherwise, a tentative exit point is definitely located and slightly inflated beyond top Fib point.
Thanks!! Happy trading, count stacks! , etc.
FCEL Re-entry Point, NOW - looking LONG post 4th C-Wave!FCEL became a dump when it traced sub 2.1/s during a deep trough to a short (in duration) fourth consolidation wave. The sideways and downward motion appears to have come to its halt. While some pre-emptive panic caused a slight loss during that re-trace, the entry point at 2.9 looks SPLENDID with a target zone between 3.2 and 3.3 per share, which it could spike to in rapid fashion. It's is tough to say it's an auto-dump at 3.2-3.3, though; the full upside will be worked out LATER.
Notwithstanding the spook of the fourth consolidation zone, the overall trend is still ascending in a ziggurat fashion: As to whether it fully breaks that trend, we will watch and see. Either way, this is again in the formation of a nice LONG -- so I'm re-entering!
GOOD LUCK TO ALL!
-BDR
FCEL 4th-wave FAILS; Rejected: Retracing, Bottom Out -> DUMP it.FCEL had the makings of a nice long - it even flashed the potential of going +3.1 / share.
It has lost all momentum in this latest correction wave with a virtual complete retrace of the third correction wave. The warning was that if this hit 2.1/s it would be in dump territory and it's pretty much there now. As to whether to hope for and wait on a slight bounce-back to the 2.4 range? I'd like to hope that's smart. That said, if it pushes close to the true trough of 2.10 - A loss will be taken that point and the position exited. This isn't necessarily hard-line advice, but it is certainly the red flag feared that signals a loss of faith in any sort of play on $FCEL holdings.
--Conclusion: Win some, lose some: This is NOW A LOSS.
--The average cost, for whatever it matters was 2.71. Thus, we're watching our chips leave at about a 60 cent per share drop. C'est la vie.
Best of luck to everybody! Happy trading?!
"Mama said there'd be days like this, there'd be days like this, mama said..."
-BDR
Post Note: See also the *failed* IDEA that this would NOT retrace the third - b/c reveling in misery is healthy. Sure.
$FCEL 4th-Wave Progression Checks out: Doubtfully retraces 3rd!Fuel Cell appears to have now reached its "Fourth Trough," and it checks out as higher than the previous three.
The mark to watch w/ caution was 2.1 per share, and with it bouncing fine off 2.4, the continued step-up in correction wave continues: That is NOT to say things are now BULLISH on this holding -- but exhale, the bleeding appears to be coming to its stop with strong long-term indicators in abundance still.
The ultimate upside is, still, highly speculative, but the reflection of a 2.4 low in this trough can only be taken as ::::::POSITIVE SIGN::::
As always, Happy Trading!!
-BDR
**Post Note: See related idea for why this was considered a LONG, and still, could be a long and decent future swing**
FCEL "4th" consolidation wave drives to Trough of 3rd: BEARISH!Fuel Cell has crashed harder than expected and there are a lot of bearish indications on this play now. The average cost is blown (2.79) and now it is pushing towards a trough near 2.4/share. It's tough to guess if this bottom goes even further. Caution is advised; this is never true advice -- but I will NOT be doubling down on FCEL. The hope is to eventually re-realize something closer to average cost before divesting to another position. Perhaps others may not. But that is why I always close, May the odds be forever in your favor.
Overall, this isn't a miss yet - but it's looking far more bearish with further data than we had at the last time of FCEL updates. We'll chime in more when more data makes itself available. Counsel is mostly undecided here :)
Happy trading!
Bullish Sector - Booming Revenue, Joining Russell 3000FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications. It also provides SureSource Capture system that separates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; and SOFC/SOEC and Energy Storage, a solution for energy storage using solid oxide technology. The company's SureSource power plants generate electricity and usable heat. It serves various markets, such as utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, and Germany. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
On 06/26/20, FCEL announced it was joining the Russell 3000
On 06/12/20, FCEL announced record earnings with an inline on EPS and a beat of $18.90 million on revenue.
Revenue increased 105.08% over sales of $9.22 million the same period last year.
Currently, Daily Chart looks good.
PMO is rising, Bullish
MACD is rising, Bullish
OBV is rising, Bullish
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Fourth Wave of FuelCell Consolidation: THE Major Breakout? LONG!The three periods of consolidation have been outlined and $FCEL appears to be entering the fourth wave. Note the general upward trend of the first three. This one could be the one that leads to its massive breakout. This current period of consolidation could be the longest-lasting, requiring a tiny bit of patience, but due to that, it also could be the big boy that provides the LONG opp that was already discussed last week.
Happy Trading!
-BDR
FUELCELL ENERGY ($FCEL) 🔋 | Will Fuelcell Bulls Give em' Hell?⛽📱Fuelcell energy expectations going into earnings tomorrow are poor to mixed. However, green energy stocks have been performing rather well recently, and there is a solid chance FCEL will continue to benefit from that sector-wide momentum.
While we aren't ready to open a long position on this one ourselves, we will take a look at some potential levels of interest to watch depending on the market's reaction to earnings tomorrow. This outlook will be geared toward the bulls, because of the general strength in FCEL and the Green Energy sector.
Support.
The S1 bullish orderblock could act as support if the overall market stays bullish and earnings are good but FCEL pulls back for any reason. The S2 S/R flip is another logical level to look for support, perhaps if the market/sector pulls back with more intensity or there is an earnings upset. The S3 orderblock and S/R cluster is the last hope for bullish momentum, as it offers the chance for a higher low in the uptrend. S4 and S5 meanwhile should act as support if the uptrend is lost. Here S4 is of particular note as it is acted as a major price pivot point previously.
Resistance.
The R1 bearish orderblock represents the current price pivot point. Breaking this level is the bull's first order of business. The next level of interest is the R2 bearish S/R flip. If R1 is broken, R2 becomes the logical target.
Summary.
There are lots of important support levels for the bulls, and many chances to hold the uptrend. It is logical assuming the market and sector keep moving that even a fair earnings report will be enough to keep FCEL moving up. We don't have a clear long setup here, but these are the levels to watch.
Resources: www.earningswhispers.com + www.h2-view.com
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Fuelcell energy Elliot wave & price predictionAccording to Elliot wave theory, wave 5 will reach near one of the three prices shown on the chart before the 8th of april.
Comment: The Most Typical Fibonacci Ratios/Multiples within Impulses: (from Chapter 4: Ratio Analysis):
- If wave 1 is extended, expect the net of wave 2-5 to be .618 x wave 1
- Wave 2 = 618 or .5 x wave 1
- If wave 3 is extended, waves 1 and 5 tend toward equality. A .618 relationship is next most likely.
- Wave 3 = 1.618 or 2.618 x wave 1
- Wave 4 = .382 x wave 3
- Wave 4 (net) typically relates to its corresponding wave 2 (net) by a Fibonacci ratio.
- Wave 5 = wave 1, or .618, or .382 x the net of waves 1 thru 3.
- If neither wave 1 or 3 is extended, expect wave 5 to be 1.618 x the net of 1-3.
- The time to complete waves 1 thru 3 = the time to complete the end of 3 to the end of 5.
CNRG is the best-performing clean power ETF over its lifetimeI'm highly interested in energy right now, but in the long term I'm just really worried about the oil and gas industry. Thanks to Swanson's Law, the price of solar panels continues to fall. Battery technology is also rapidly getting better, and we seem to be witnessing the mainstreaming of electric cars. According to FactSet, the "Independent Power and Renewable Electricity Producers" segment grew its earnings by an astounding 138% last year, making it the fastest-growing segment of the market. That's why I decided it's time to get in. In planning my entry, I compared nine clean energy ETFs to see which one offers the best performance over time.
The second-best performer was QCLN, a passively managed FirstTrust Green Energy ETF. The reason this fund has done so well is its high exposure to Tesla, which comprises 10% of its holdings. That worries me, because Tesla's current valuation is extremely high at a forward P/E of over 70, and QCLN's forward P/E is accordingly also pretty high at over 24. It also has a pretty bad price-to-cash-flow ratio of about 13, which makes me worry about the financial health of the companies in the fund.
So I was glad to find an even better performing ETF that's at a more attractive valuation: CNRG. CNRG, an SPDR "enhanced strategy" fund, is only about a year and a quarter old, so there isn't a ton of history to go on. During that time, however, it has handily beaten QCLN. Also, the fund's valuation is better by pretty much every metric, with a P/E closer to 19 and a price-to-cash-flow of about 10. That's still high, but it's more defensible than the QCLN numbers. Both funds pay about 1.2% in dividends. CNRG's largest holding is micro-cap fuel cell maker FCEL, which has rallied since a huge earnings beat last quarter. Exposure to FCEL could make this fund a lot more volatile than QCLN.
Here's CNRG compared to QCLN:
And here's CNRG vs. the S&P 500:
possible chance for a profitAfter a correction of the companies profits, we saw a loss of value.
The value of the share was is a free fall.
But price action jumped back in again and signals an upwards action.
There as a good chance to take some profit reaching the price zone again.
What do you think about my idea. Let me know your thoughts below.
Cell Impact ST SWE, GAP 8.20, next resistance is 11 Pulled up from the dead, after Powercell PCEL rally.
Cell Impact is an innovative manufacturer of flowplates/bipolar plates in the very hot Fuel Cell business area.
Has 2 PPAP with leading american Fuel Cell manufacturers, Probably Plug Power PLUG and one more.
Also has Japanese car manufacturer as a potential customer through their customer Nakanishi Metal Works. Testing for now.
Bipolar plates is about 1/3 of a fuel cell stack value and is a very critical component to get top performance and at same time low price. Their equipment also are very energyefficient and have a low footprint in factory.