CONTINUE OR RETRACE Natural Gas could continue in this bullish channel however, I would like to see it pull back into this support level before going long again. You need to remember Natural Gas is a seasonal commodity and generally around winter time is when it will be utilized to combine that with another potential lockdown here in the UK could see people stuck indoors for longer than normal.
Naturalenergy
Fuel Cell attempting to reach "Fifth Trough" - Stay calmFCEL has been volatile and is still on an ascending ziggurat format with its harmonics. Last C-Wave $FCEL retraced the same region it is now tumbling to.
BUT, BUT, BUT...stay with the trend here and avoid the panicking sell off that other investors are probably engaged in. While there can be no reassurance that FCEL bounces back, it has done so four times this trading year, and it's hopefully about to make a 5th C-Wave correction (Which must be higher than the previous four, or these are NOT by definition even corrective waves).
HOW LOW CAN SHE GO?
Hopefully not much further while promising the confirmation of a bounce back with an overt buy signal to draw investors back into this enigmatic stock.
It used to a giant, but the feasibility of implementing hydrogen gas dispersal systems has proven too daunting, and investors realized it (bailing). It's still a tech w/ super promising potential. Mankind is not there yet, still bound to oil. That digression aside, we are hoping for an exit between 3.2 and 3.4 -- which sounds comical since it is trading a full dollar below it.
Así lo es!
Happy trading and always get enough vitamins!
Outtttt, BDR
$BWEN Potential Exit Eyed at 5.7/share: LONGWith an average cost of 3.56/s on BWEN, the targetted sell range is a temporary previous-high (roughly) at 5.7/s.
That said, trends are not supporting this run. Potential EXIT @ 3.40.
This is currently targetted as a LONG to match the traceback to these lower levels, preying on a full-correction to that mark.
This is quite far from the most profound analysis this trader provides, but it is a brief touch on a LONG, if nothing else.
HAPPY TRADING!
-BDR
NOVA in Odd Consolidation Pattern - Trend Breaking? REVERSAL?$NOVA has made a steady climb since the March lows resulting from the COVID Crash.
The trend is clearly seen w/ a steady ascent and minimal retraces -- That is, until now. The highlighted square provides a look at how NOVA has broken from a steady trend it maintained for nearly six-months. As to whether this is a full-reversal and trace down to previous marks - It is tough to call, at this point. The entire N.E. sector has been performing **Extremely Well** -- And one might even have been expecting some sort of recoil from NOVA and other hot stocks in the N.E. industry.
That said, the window of anomalous behavior is comparatively short in comparison to the overall trend throughout the past six months. Admittedly, while this trader does have a LONG position on the holding, it is tough to say that is with a high degree of confidence. HOWEVER, if a belief is maintained in the overall 6-mo. trend, there is now still a very golden entrance point here.
I seldom throw a disclaimer - But this is definitely not... NOT NOT, actual "advice."
I am as confounded by its tough trading day as many others surely are, with my fingers crossed that the overall harmonics just provided a buy window, but obviously not a major reversal. This is definitely worth watching to compile better and deeper data about what is going on in this purple square. Right now, I know just as much about deep-sea creatures: which is to say, nothing.
This is probably the most uncertain I've felt entering a position, the most gamble-driven...Hopefully, there is profit at the end, instead of "A Lesson."
Thanks, and HAPPY TRADING/INVESTING/OR WHATEVER.
-BDR
$SEDG Consolidating and Resisting Trace-Down to Fill "Gap" $SEDG - like many others in the NE sector made a massive leap (circled red region). Now, it is time to see if it retraces that gap and hits the trough of it (Marked with an "X") -- or if it hits a consolidation period to be followed by even more parabolic action (UP OR DOWN).
The harmonics here are quite a gamble, but the overall trend upwards over the last six-months provides a solid basis for expecting: CONSOLIDATION, followed, by a leap back to the top of the gap, and possibly beyond...
That is to say, THIS IS A LONG. No sell-target pinpointed yet; that info will follow after the trend begins to solidify one way or the other.
Good luck and happy trading!
-BDR
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
Sun Power to break out from cup/handle? LONG? Let's See TODAYSun Power oscillated between roughly 9.5 and 10.5 per share during a somewhat longer "handle" phase, but it is now breaking out and is 11+ per share. $SPWR reports earnings today (Wed) at market close. It is projected to be -0.36. We will have to wait and see if it swings a positive earnings report, against expectations, which could push SPWR even further - even as it is now at roughly an annual high.
This long was called a while back as it started to form the handle of the cup: The breakout could follow this week and in through next-- but that earnings report is C R U C I A L.
Obviously it is.
Happy Trading!
-BDR
*See attached ideas for the description of the forming on what could be a final correction wave / formation of cup-handle*
$FCEL STILL a strong entry Point: Quiet Play of Week Though I entered FCEL Positions on Monday, I stayed quiet for a little bit about it. The consolidation led to the thought a BULL RUN was coming, and the past two-weeks really have been just that. The entire natural energy sector has had a great overall past month, rallying on days the S&P is down - and even on days the NASDAQ itself does. FCEL is a crazy corrective wave to chart the potential of, really, and it is not too late to enter - though a wait on a slight retest isn't a horrible consideration necessarily.
The 3.75-4.00 range should ultimately be realized pretty easily here (probably before the end of 4th Q if not even FAR SOONER)... but beyond that (in terms of a possible annual high as mentioned w/ other Natural energy pet $SPWR), it's tough to call the ultimate upside.
I probably should have called this when I entered @ 2.8 per share, but I wanted to wait a bit for some stronger confirmation. And well, it's not too late to enter, though this cat has been out of the bag all week if anyone's paid attention.
